- Bryah Resources (BYH) has completed a drilling program at Windalah Gold-Copper Prospect using some of its government funding
- The company received $38,000 from the Australian Government under its Cash Flow Boost Scheme to support small to medium-size businesses
- The drilling program is to test for shallow extensions of the zones of high-grade gold mineralisation intersected by the 2018 drilling program
- Samples from this drilling program will be delivered to Perth for laboratory analysis shortly, with results expected over the coming weeks
- Bryah is down 9.09 per cent on the market this afternoon, selling shares for three cents each
Bryah Resources (BYH) has completed a drilling program at Windalah Gold-Copper Prospect, using government funding.
The company received $38,000 from the Australian Government under its Cash Flow Boost Scheme to support small to medium-size businesses. Bryah has immediately applied some of this government support payment on its gold exploration activities.
Recently, the company completed its manganese exploration drilling program. Bryah saw a cost-effective opportunity to undertake a short gold drilling program, using the same drill rig.
The drilling program is to test for shallow extensions of the zones of high-grade gold mineralisation intersected by the 2018 drilling program.
In 2018 the company intersected gold mineralisation of up to 15 grams per tonne over one-metre intervals, within a broader zone of gold mineralisation.
Samples from this drilling program will be delivered to Perth for laboratory analysis shortly, with results expected over the coming weeks.
“We were very pleased to receive the Cash Flow Boost payment from the Australian Federal Government and believe that the best use of these windfall funds is to apply them to support our on-going gold exploration efforts,” Managing Director Neil Marston said.
“With a drill rig already on site, the decision to extend the program to test the Windalah Gold-Copper Prospect with some shallow holes was quickly taken,” he added.
Bryah is down 9.09 per cent on the market this afternoon, selling shares for three cents each at 1:06 pm AEST.