- Bryah Resources (BYH) secures a $130,000 drilling grant as part of the WA Government’s Exploration Incentive Scheme (EIS)
- In compliance with the grant, drilling must be undertaken between December 1, 2021, and November 30, 2022
- Bryah plans to use the money to drill three holes, for 3000 metres, at the Olympus anomaly within its Bryah Basin project in central Western Australia
- Shares in Bryah are down 4.62 per cent on the market and are trading at 6.2 cents
Bryah Resources (BYH) has secured a $130,000 drilling grant as part of the WA Government’s Exploration Incentive Scheme (EIS).
The company will receive the money from the Department of Mines, Industry Regulation and Safety (DMIRS) and drilling must be undertaken between December 1, 2021, and November 30, 2022.
Bryah will use the money to fund the drilling at the Olympus anomaly within its Bryah Basin project in central Western Australia.
The Olympus Anomaly is a multi-element geochemical anomaly that was confirmed by infill auger soil sampling undertaken earlier in the year.
It has similar elements to the geochemical anomaly at Bryah’s nearby Windalah copper-gold prospect.
Previous diamond drilling at Windalah confirmed the presence of a volcanogenic massive sulphide (VMS) system.
Bryah is planning to drill three reverse circulation holes, for 3000 metres, to test the Olympus anomaly to a depth of 300 metres.
Shares in Bryah were down 4.62 per cent on the market and were trading at 6.2 cents at 3:47 pm AEDT.