- Bryah Resources (BYH) releases first results from an aircore drilling program at the Lady Alma Layered Igneous Complex within the Gabanintha Project in WA
- The latest results support the potential for significant gold mineralisation in nine structural corridors
- The project is a joint venture with Australian Vanadium (AVL)
- A reverse circulation drilling program at the New Hope Prospect is planned to commence next month
- On the market, Bryah is up 5.77 per cent and is trading at 5.5 cents per share, while AVL is down 4.17 per cent and trading at 2.3 cents each at 2:55 pm AEDT
Bryah Resources (BYH) has released the first results from an aircore drilling program at the Lady Alma Layered Igneous Complex within the Gabanintha Project.
Lady Alma is an under-explored, highly prospective environment with significant potential to host copper, gold and nickel and platinum group elements (PGE) mineralisation.
Gabanintha is located about 40 kilometres south-southeast of Meekatharra, Western Australia. The project is a joint venture project with Australian Vanadium (AVL).
Under the joint venture, Bryah has mineral rights to nickel, copper and gold from the project, while AVL has rights to the vanadium, titanium, iron ore and cobalt.
Notably, AVL holds a five per cent interest in Bryah.
The drilling program included 133 holes for 5539 metres, completed in August, targeting nickel, copper and gold, as well as PGE. From this, Bryah has received 455 assays, with more than 1000 outstanding.
The initial results identified gold mineralisation. Specifically, results include nine metres at 1.43 grams gold per tonne (g/t) from 24 metres, including four metres at 2.48 g/t gold and 0.064 per cent copper from 29 metres.
Bryah said the latest results support the potential for significant gold mineralisation in nine structural corridors over 11 kilometres in cross-cutting fault zones.
A reverse circulation drilling program at the New Hope Prospect is planned to commence next month.
Bryah is up 5.77 per cent and is trading at 5.5 cents per share, while AVL is down 4.17 per cent and trading at 2.3 cents each at 2:55 pm AEDT.