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Gold

Bryah Resources Commences Strategic Review of Gold Assets in Western Australia

Strategic Insights

— 2 min read

Bryah Resources Limited has embarked on a strategic review of its gold assets in Western Australia, which include the Bryah Basin and West Bryah Basin Projects. The review aims to assess exploration opportunities and focus on areas where previous work has shown potential. With the current gold price at around A$5,000 per ounce, the review is timely, and the company's geologists are eager to explore areas where gold and copper mineralization have been identified.

Key Takeaways:

  • Bryah Resources Limited is conducting a strategic review of its gold assets in Western Australia, including the Bryah Basin and West Bryah Basin Projects.
  • The company holds a 7.25% holding plus performance shares in Star Minerals Limited (ASX: SMS), which is bringing its high-grade Tumblegum South Gold Project into production.
  • Bryah's Chair, Ian Stuart, comments that the review will help the company assess exploration opportunities and focus on areas where previous work has shown gold potential.
  • The Bryah Basin was first identified as having gold potential during the 1897 and 1911 gold rush periods.
  • The company's tenements cover approximately 580 km2 and are located adjacent to active and historic mines, including the Westgold Resources Limited (ASX: WGX) Fortnum, Labouchere, Horseshoe, and Peak Hill gold mines.
  • Opportunities exist to follow up anomalous gold and copper mineralization identified in the Narracoota Formation and along associated geological contacts.
  • The Aquarius Project has shown promising results from exploration programs, including historic drilling at the Saturn prospect, which returned drill results of 17m @ 1.24 g/t Au.
  • The Jupiter prospect is interpreted as an open anticlinal dome with contiguous geology of the Aquarius Trend, and an historic high-grade gold anomaly was intercepted in RC drilling.
  • Windalah Prospect RC drilling program yielded significant gold intercepts, including 12m @ 5.13 g/t Au, and additional copper intercepts of interest.
  • A diamond drilling program completed in late 2022 tested steeply plunging target windows for Au-Cu volcanogenic massive sulphide (VMS) mineralization.
  • The drilling was focused on testing the prospective Narracoota-Ravelstone Formation contact in the Wongawar area, which has a mafic-sediment contact considered prospective for epigentic gold.

Statistics:

  • Bryah's tenements cover approximately 580 km2.
  • The gold price is currently around A$5,000 per ounce.
  • 7.25% holding plus performance shares in Star Minerals Limited (ASX: SMS).
  • 17m @ 1.24 g/t Au historic drilling result at the Saturn prospect.
  • 12m @ 5.13 g/t Au RC drilling result at Windalah Prospect.
  • 2m @ 21.48 g/t Au RC drilling result at Windalah Prospect.
  • 9m @ 747 ppm Cu and 6m @ 796 ppm Cu additional copper intercepts at Windalah.
  • 3.07m @ 0.13% Cu and 0.27ppm Au diamond drilling result at Windalah.
  • 2m @ 3.88 g/t Au diamond drilling result at Windalah.
  • 3m @ 0.7g/t Au aircore drilling result at Wongawar.

Sources:

  • Bryah Resources Limited news release, dated [insert date].
  • Westgold Resources Limited (ASX: WGX) news releases.
  • Australian Vanadium Limited (ASX: AVL) news releases.
  • Star Minerals Limited (ASX: SMS) news releases.
  • Afmeco Pty Ltd news releases.
  • Sandfire Resources (ASX: SFR) news releases.

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