News and Announcements
Early Exploration Results Mark End of Successful Year for Bryah Resources (ASX: BYH)
- Published January 15, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- $5M raised in IPO.
- Exploration activities on both of the Company’s projects planned to commence as soon as possible.
- Maiden drilling programme completed at the Gabanintha Cu/Au project
- Best intersection recorded in shallow drilling was 3m @ 23.8g/t Au from 45m depth
- Follow-up geophysical surveys at Gabanintha and the Bryah Basin Projects to be completed in January 2018
Bryah Resources listed in October 2017 and immediately commenced exploration activities at its Gabanintha Cu/Au Project in Western Australia. The drilling caps off a very successful year for the Company and augers well for an exciting exploration programme in 2018.
Highlights from the maiden drilling programme of 26 holes for 2,484 metres were:
- Significant gold mineralisation recorded in drilling at the Tumblegum South Gold/Copper Prospect.
- Best intercepts recorded are:
- BGRC015 – 3 metres (45-48m) @ 23.80 g/t Au & 0.32% Cu;
- BGRC005 – 6 metres (84-90m) @ 2.95 g/t Au & 0.35% Cu;
- BGRC008 – 9 metres (12-21m) @ 2.34g/t Au;
- BGRC009 – 9 metres (45-54m) @ 1.82g/t Au;
- BGRC020 – 6 metres (72-78m) @ 2.33 g/t Au & 0.13% Cu, and
- BGRC002 – 2 metres (102-104m) @ 1.73 g/t Au & 1.67% Cu.
- Follow-up Down Hole Electromagnetic survey to be conducted at Tumblegum South in January 2018.
- Major heli-borne VTEM-Max survey scheduled to commence in the Bryah Basin Project in January 2018.
About Bryah Resources Ltd (ASX: BYH)
Bryah Resources Limited listed on ASX in 2017 after raising $5.0 million. The Company has a quality portfolio of exploration tenements in the highly prospective Bryah Basin and Gabanintha areas in central WA, which are both considered by the Board to have potential to host high-grade copper-gold deposits.The Company has a reputable and experienced team to progress exploration and capitalise on exploration success.