Bryah Resources Limited (ASX: BYH) announced that the results from gold assaying of a further 247 drill samples from the Australian Vanadium Project at Gabanintha in central Western Australia delivered Bonanza gold grades.
Best gold intercepts included 10m @ 27.5 g/t Au from 53m, including 4m @ 64.3 g/t Au from 54m, which includes 1m (55-56m) @ 182.0 g/t Au, and 1m @ 6.4 g/t Au from 65m in 19RRC006.
BYH said that the high-grade gold occurs in a cross-cutting fault zone within the vanadium-titanium-magnetite (VTM) deposit, which holds the potential for significant gold mineralisation. The company noted that major cross faults over 11 km VTM deposit now represent untested gold targets.
Bryah said that it plans to advance the assessment of growing gold potential at Gabanintha by immediate submission of further archived drill samples pulps for gold analysis, and follow-up planning for the RC drilling program.
Bryah Resources Limited holds a suite of mineral rights over the Gabanintha Project including nickel, copper, and gold. Australian Vanadium Limited (AVL) holds the mineral rights to vanadium, titanium, iron ore, and cobalt and is a 7.33% shareholder of Bryah.
The Project is currently progressing through a Bankable Feasibility Study into the mining and processing of the vanadium-titanium-magnetite deposit by AVL. Bryah has been conducting activities to further assess the gold, nickel, and copper potential of the deposit. When developed, the project is expected to operate from multiple open pits for at least 25 years based on AVL’s latest feasibility study.
247 samples assayed
The company announced that 247 samples were assayed from 17 holes previously drilled at the Australian Vanadium Project. These samples were submitted by Bryah for gold analysis following encouraging results from assays of an earlier batch in 2020 and as part of a systematic review of Bryah’s mineral inventory at Gabanintha, including an updated Copper/Nickel mineral resource estimation, which is nearing completion.
Bonanza grade results
Bryah announced that the best down hole width gold intercepts returned from this latest sample batch were 19RRC006 – 10m @ 27.5 g/t Au from 53m, including 4m @ 64.3 g/t Au from 54m, which includes 1m (55-56m) @ 182.0 g/t Au, and 1m @ 6.4 g/t Au from 65m; and 19RRC011 – 2m @ 1.1 g/t Au from 125m, 1m @ 8.2 g/t Au from 132m and 2m @ 1.6 g/t Au from 136m.
The company noted that high-grade gold occurs in a cross-cutting fault zone within the vanadium-titanium-magnetite (VTM) deposit, which holds potential for significant gold mineralisation. BYH said that major cross faults over 11 km VTM deposit now represent untested gold targets.
Bryah said that it will select further archived pulps from the Project to submit for Au, Pt, and Pd analysis in the coming days by fire assay. It is expected that all the remaining untested samples for drill holes 19RRC006 – 19RRC008 and adjacent drill holes will be included in those submitted for gold analysis. BYH said that the results from that work will be interpreted ahead of follow-up drilling programs.
The company said that an RC drilling program to test the mapped cross fault zone is expected to follow.
Bryah Managing Director Neil Marston said: “These latest gold assays are an outstanding result for the company and confirm the exciting gold potential of the historic mining area of Gabanintha.
Last year we started assaying for gold from historical drilling within the vanadium deposit at Gabanintha. Recording exceptionally high-grade gold assays of 10 metres grading 27.5 g/t gold with 1 metre assays of up to 182 g/t Au within a fault cross-cutting the high-grade vanadium zone opens up a whole new exploration concept for the company to target.”
*Image Source: Bryah Resources Limited