Total
0
Shares
Bryah Resources (ASX:BYH) - Managing Director, Neil Marston - The Market Herald
Managing Director, Neil Marston
Sourced: WA Business News
  • 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.


Subscribe


BYH by the numbers
More From The Market Herald
Mako Gold (ASX:MKG) - Managing Director, Peter Ledwidge - The Market Herald

" Mako Gold (ASX:MKG) raises $3.25M for West African exploration

Mako Gold (MKG) is raising $3.25 million to fund exploration at its flagship Napié Gold Project, in West Africa.
Trigg Mining (ASX:TMG) - Managing Director, Keren Paterson - The Market Herald

" Trigg Mining’s (ASX:TMG) Lake Throssell project to receive significant infrastructure boost

Trigg Mining (TMG) has announced its high-grade Lake Throssell sulphate of potash (SOP) project is set to receive a hefty infrastructure boost.
Consolidated Zinc (ASX:CZL) - Managing Director, Bradley Marwood - The Market Herald

" Consolidated Zinc’s (ASX:CZL) successful entitlement offer raises $1.72M for Plomosas exploration

Consolidated Zinc (CZL) has successfully raised the target of around $1.72 million to fund exploration at its Plomosas project.
Blackstone Minerals (ASX:BSX) - Managing Director, Scott Williamson - The Market Herald

" Blackstone Minerals (ASX:BSX) targets massive sulphide veins at Ta Khoa, Vietnam

Blackstone Minerals (BSX) has begun drilling massive sulphide vein (MSV) targets at its Ta Khoa Nickel-PGE Project in northern Vietnam.