leadf
logo-loader
viewBryah Resources Ltd

Bryah Resources to drill gold-copper targets at Gabanintha

The company is adding gold and copper to its exploration strategy alongside manganese.

Bryah Resources Ltd - Bryah Resources to drill gold-copper targets at Gabanintha
The company sees an opportunity to quickly monetise its gold assets

Bryah Resources Ltd (ASX:BYH) is preparing a 1,500-metre RC drill program at its high-grade Tumblegum South gold-copper prospect within its Gabanintha Project in Western Australia.

Drilling will begin in September and be based off 3D modelling which has identified potential opportunities to extend existing zones of gold-copper mineralisation at Tumblegum South.

This program of drilling will follow up on a 26-hole reverse circulation (RC) program from December 2017, which produced peak 1-metre gold grades of 32.18 g/t gold.

The objective of the upcoming drill program is to collect enough data to estimate a JORC-compliant resource at Tumblegum South.

Bryah’s managing director Neil Marston said: “Following the successful initiation of Bryah’s manganese exploration strategy we can now also turn our attention to the highly prospective gold-copper assets held by Bryah, both in the Bryah Basin and at Gabanintha.

“The review and follow-up drilling of the Gabanintha project is just one part of our overall exploration programme and gives Bryah a tremendous opportunity to advance, and in some cases, quickly monetise its gold assets.”

With the AUD gold price trading at all-time highs, it is an opportunistic period to fast-track exploration at prospects such as Tumblegum South with known gold mineralisation.

Bryah could process gold ore through nearby existing facilities

Bryah’s strategy is to define gold resources at the Gabanintha Project where such resources could potentially be processed through nearby existing and future processing facilities.

Active and historical mines located close to the Gabanintha tenements include the Gabanintha, Burnakura, Nannine and Bluebird gold mines.

Quick facts: Bryah Resources Ltd

Price: 0.07 AUD

ASX:BYH
Market: ASX
Market Cap: $10.75 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

RM Secured Direct Lending aiming for share price to reflect NAV performance

RM Secured Direct Lending's (LON:RMDL) James Robson catches up with Proactive London about their fourth quarter performance. Robson talks through the company's NAV % Total Return for the month was +1.97%, which brings the NAV % total return for the quarter to 4.29% and for the full year 2020...

16 minutes ago

2 min read