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Bryah Resources Limited (ASX: BYH, “Bryah” or “the Company”) in conjunction with OM (Manganese) Ltd (OMM) is pleased to announce manganese drilling results at its 49% owned Bryah Basin manganese project. The results are part of the program drilled in December 2022. Bryah (49%) and OMM (51%) have a Joint Venture (JV) to undertake exploration to test targets in the area, with a view to commencing manganese production. OMM is a wholly owned subsidiary of OM Holdings Limited (ASX: OMH), one of the world’s leading suppliers of manganese ores.
HIGHLIGHTS
- Downhole drill hole Intersections of:
- 7m at 26.4% Mn in hole RRRC053 from 9m
- 7m at 23.0% Mn in hole RRRC055 from 7m including 4m at 27.3% Mn
- 10m at 27.2% Mn in hole RRRC064 from 14m
- Resource modelling commencing to update the JORC Resource
- RC drilling to commence at four prospects1 (Epona, Black Hill NE, Gold Trip and Black Beauty North) and additional drilling at Brumby Creek after Program of Works and Heritage approvals.
Commenting on the drilling, Bryah CEO Ashley Jones said: “Results from Redrum have again returned excellent grades. The footprint at Redrum is now one of the largest in the Brumby Creek area and should be able to support a substantial manganese resource. Initial geological modelling has indicated good continuity showing the prospect is still open in multiple directions.
Further drilling will commence shortly targeting the 3-5 Million Tonnes in resource so we can restart this mining area.”
The Bryah Basin project area is located approximately 100km north of the town of Meekatharra in Western Australia. The Company’s tenements and manganese mineral rights cover 1,135km² over parts of the western Bryah Basin. Figure 1 shows the Manganese Joint Venture tenement package, with prospects and an existing manganese Mineral Resource.2
Extensional resource drilling was undertaken to extend known areas of mineralisation at Brumby West3 and Area 74. These results from exploration drilling at the Redrum prospect will be incorporated in the planned updated Mineral Resource Estimate.
Figure 1: Prospect locations with geology map showing the Horseshoe Formation
Drilling
Drilling during December 2022 was aimed to extend known mineralisation. Area 74 and Redrum prospects were targeted to extend the areas where manganese mineralisation was open in multiple directions after the last drilling campaign in 2022. Drilling to the south targeted a potential channel in the southern area of Redrum enlarging the prospective area.
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This article includes content from Bryah Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
BYH:AU
30,300 Tonnes Processed in Opening Campaign of 2024.
Highlights
- 30,300 tonnes processed by Coolgardie Mill for first gold campaign of 2024.
- 6 Doré bars weighing 64.68 kg delivered to Perth Mint.
- First gold sales now imminent.
- Total ounces and reconciliation of campaign to be advised.
- Joint Venture remains on track to mill more than 300,000 tonnes in 2024.
Management Comment
Managing Director, Mark English, said“BML are wrapping up the first gold campaign of the year from Jeffreys Find.
“It looks good and will create millions of dollars in gross revenue for our joint venture.
“BML are currently stockpiling ore at the mine and at the mill. The next processing campaigns at the mill are scheduled for July and August 2024.
“Jeffreys Find Gold Mine will be a substantial cash producer to Auric throughout 2024 and 2025,” said Mr English.
Doré bars at Greenfields Mill.
Photo of the pit at Jeffreys Find (2 May 2024).
The Greenfields Mill at Coolgardie (Greenfields) commenced milling of Jeffreys Find ore on 17 April 2024 and the campaign finished on 30 April 2024. The first six Doré bars of the campaign, weighing 64.68kg, have been poured and dispatched to the Perth Mint for refining and sale.
The number of ounces of gold from the campaign and gross revenue from gold sales will be known shortly and advised to the ASX. BML are continuing to mine and stockpile ore on the mine site ROM Pad and at the Greenfields Mill. The next gold campaigns are scheduled for July and August 2024.
BML expects to mill more than 300,000 tonnes of ore during Stage Two of The Project. Stage One saw 176,000 tonnes processed to recover 9,741 ounces of gold.
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This article includes content from Auric Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
