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Bryah Resources (ASX:BYH) - Managing Director, Neil Marston - The Market Herald
Managing Director, Neil Marston
Source: Small Caps
  • Bryah Resources (BYH) has begun diamond drilling at the Tumblegum South gold deposit in Western Australia
  • Three holes have been planned with aims to confirm the grades of mineralisation, confirm the interpretations made in the geological model, and provide samples metallurgical testwork
  • Drilling is an important step towards improving the current mineral resource estimate of Tumblegum South
  • Results will be reported on in due course
  • Bryah has ended the day a slight 1.32 per cent in the red, with shares trading for 7.5 cents each

Bryah Resources (BYH) has begun diamond drilling at the Tumblegum South gold deposit in Western Australia.

Tumblegum South lies within Bryah's Gabanintha Project, which is situated roughly 40 kilometres south of Meekatharra.

Three holes have been planned, for 165 metres, in a bid to confirm the grades of mineralisation recorded during recent reverse circulation (RC) drilling.

This work will also confirm the interpretations made in the geological model, and provide samples for crushing, density, and other metallurgical testwork.

Drilling is an important step towards improving the current mineral resource estimate of Tumblegum South, which reads 600,000 tonnes at 2.2g/t gold for 42,500 ounces of gold.

"This drilling is a clear example of our pivot towards focusing on our copper and gold assets following yesterday's announcement of a $5 million conditional cash offer for, and intended sale of, our manganese rights in the Bryah Basin," Managing Director Neil Marston commented.

"Earlier this month, the mining lease over the Tumblegum South deposit was granted and two weeks later we are back on the ground with a drilling team," he said.

"We are very keen to keep moving this project forward in this very buoyant gold market and we look forward to reporting the assay and testwork results from this drilling in due course," he added.

Bryah has ended the day a slight 1.32 per cent in the red, with shares trading for 7.5 cents each in a $10.02 million market cap.


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