
- WORLD EDITIONAustraliaNorth AmericaWorld
May 18, 2023
Bryah Resources Limited (ASX: BYH, “Bryah” or “the Company”) is pleased to announce that it has received results from its diamond drilling programme at the Bryah Basin Windalah copper-gold project. Bryah was granted $140,000 under the Western Australian Government’s EIS (Exploration Incentive Scheme) to test the Windalah VMS target.
HIGHLIGHTS
- Results received for 717m diamond drilling program completed in late 2022.
- Best results include:
- 2m @ 3.88 g/t Au from 437m in BBRD072
- 1m @ 0.35% Cu from 429m in BBRD072
- Targeting Cu-Au VMS mineralisation at 300m and 500m depth
- Deep VMS targets are a product of multiple lines of strong geological evidence.
- Downhole electromagnetic surveys to test for off-hole conductors anticipated to commence in H2 2023.
- WA State Government EIS Co-funding for $140,0001
Commenting on the announcement Bryah CEO Ashley Jones said:
We have again strong indications of copper in the system, especially with secondary copper mineralisation observed in the core. These deep holes now are the focus for the down hole electromagnetic (DHEM) surveys. The DHEM can identify conductors, which will show any copper mineralisation withing the vicinity. Depending on the orientation, the DHEM will search up to 150m radius around the holes. This will cover a lot of the prospective area. Any sign of a conductor will establish new drill targets.”
Figure 1 Bryah Basin Tenements and Regional Geology Map.
Windalah Diamond Drilling
During this EIS co-funded drilling programme, Bryah completed 1261m of drilling, including 544m of precollars, and 717m of NQ2 diamond core tails. These holes were drilled to test a steeply plunging target window targeting Cu-Au VMS mineralisation at ~300 and ~500m depth. These drillholes intersected substantial thickness of strongly silica-sericite-pyrite altered volcanic rocks similar to those observed in shallower holes, in the footwall to sulphide mineralisation. This is interpreted to be the lateral equivalent of the ‘ore stratigraphic horizon’ at Horseshoe Lights.
With previous drilling campaigns, Bryah has recognised the significance of the Windalah project through technical analysis which shows:
- High tenor geochemical anomaly in surface sampling and drilling results
- Up to 5.45m of massive, laminated sulphides interpreted as sedimentary exhalative in origin
- Up to 140m of sulphide stringers observed in diamond core interpreted as VMS style stringers within a silica-sericite-chlorite-pyrite altered feeder structure2
- Evidence of syn-volcanic faulting and stratigraphic asymmetry – common in VMS mineralisation systems.
- Secondary copper minerals including Bornite, Chalcopyrite and Malachite observed.
- Structural intersection of syn-VMS veins and stratigraphy indicate plunging target orientation.
- The Narracoota Formation is host to other major copper deposits including DeGrussa, and Horseshoe Lights.Evidence of VMS mineralisation also identified at the near-by Olympus prospect.3
VMS systems in the Bryah Basin are known to host high-grade copper-gold deposits such as Sandfire’s DeGrussa and Monty mines and the historical Horseshoe Lights mine, located 13 kilometres to the north of Bryah’s Windalah Prospect. The exploration target at Windalah occupies the same stratigraphic position as the Horseshoe Lights deposit.
Click here for the full ASX Release
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
The Conversation (0)
11 October 2022
Bryah Resources
Overview
The global transition to clean energy has ramped up demand for critical metals required to develop new, sustainable technologies such as lithium-ion batteries, solar panels, charging stations and wind turbines. Lithium, nickel, copper and manganese are key resources required to manufacture these low-carbon products. Valued at US$11.3 billion in 2019, the global battery metals market is projected to reach US$20.5 billion by 2027, with a compound annual growth rate of 8.2 percent between 2020 and 2027.
As demand for these resources continues to grow, Western Australia remains a key player in the global mining sector, providing opportunities for mining companies with a presence in the region to capitalize on world-class deposits and benefit from a mining-friendly government. Western Australia has long been a Tier-1 mining jurisdiction and remained strong throughout the pandemic. Western Australia produces 52 percent of the world’s lithium, with Chile in a distant second at 25 percent. China (13 percent) and Argentina (6 percent) are also among the top lithium-producing countries.
Bryah Resources (ASX:BYH) is an exploration and development company with assets in Western Australia. These assets have diverse battery metal mining potential, including lithium, nickel, gold, copper and manganese. They are located throughout the Bryah Basin, a region where, despite its discovery in 2009 as a rich area for exploration, remains underexplored, creating blue-sky potential for the company’s assets. Led by an experienced management team with expertise in the natural resources sector, Bryah Resources is well-positioned for growth.
Bryah Resources Project Locations
The company’s flagship project, Bryah Basin East, consists of two promising assets: Windalah and Olympus. The company discovered a VMS system at the Windalah Prospect confirming the potential of a new copper-gold discovery.
Bryah Resources CEO Ashley Jones called the VMS discovery at the Windalah Project the “most exciting blue-sky event for the company.”
“We’ve got government funding and have planned two drilling campaigns, 400-meter and 600-meter deep holes. If we hit it, it will be amazing; if we don’t, we’re definitely in the right address. I’ve never seen a geological team more excited about a project,” Jones said in an earlier interview,
The company completed its 691-meter diamond drilling program targeting copper-gold VMS mineralization at 300 meters and 500 meters depth at the Windalah copper-gold prospect.
Bryah Resources also made new discoveries at its Horseshoe South Manganese asset, which resulted in a joint venture (JV) partnership with OM Holding Ltd (ASX:OMH), largely due to the potential to develop a low-cost mining operation. OM Holdings is a vertically integrated manganese specialist involved in mining, smelting and trading the mineral, making the company a valuable partner. Bryah Resources holds 49 percent of the asset, with OM Holding retaining 51 percent. The company’s additional assets include projects with copper-gold and lithium-nickel deposits.
Taking the company towards additional exploration and development of its assets, Bryah Resources’ leadership team is guided by decades of experience in the natural resources sector, with geology, finance and business administration expertise, strengthening confidence in its ability to capitalize on its assets.
Company Highlights
- Bryah Resources is an Australia-based mineral exploration and development company with assets in Western Australia.
- The company’s assets include a range of battery metals, such as lithium, copper, manganese and nickel.
- Bryah Resources’ assets are in the Bryah Basin, an underexplored region that only received attention following a 2009 discovery, creating blue-sky potential for the company.
- The discovery of a volcanogenic massive sulphide (VMS) system at the Windalah Prospect within its flagship asset, Bryah Basin East, confirms the potential of new copper-gold deposits.
- Bryah Resources’ discovery at the Horseshoe South Manganese asset attracted the interest of OM Holdings, creating a new JV partnership.
- The company’s additional Western Australian assets include copper-gold and lithium-nickel deposits.
Get access to more exclusive Resource Investing Stock profiles here
Keep reading...Show less
Battery Metal Exploration and Development Opportunities in Western Australia
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00