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Bryah Resources Ltd.
Summary
| Project: | Gabanintha | |
|---|---|---|
| Deposit: | Tumblegum South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2020: Bryah Resources Ltd. announces a Resource Estimation report for its Tumblegum South deposit at the Gabanintha project. Initial mineral resource estimate for project. Bryah Resources Limited (“Bryah” or “the Company”) is pleased to announce comp | |
| Resources: | (Resource, Inf.): 0.6Mt @ 2.2g/t Au at project | |
| CP/QP: | [Resources]: Ashley Jones (Kamili Geology Pty Ltd.) | |
| ABSTRACT: | Bryah Resources Limited (“Bryah” or “the Company”) is pleased to announce completion of the maiden mineral resource estimation at the Tumblegum South Gold-Copper Prospect (“Prospect”), located within its Gabanintha Project, approximately 40km south of the town of Meekatharra in central Western Australia (see Figure 1). The Inferred Mineral Resource is 600,000 tonnes @ 2.2 g/t Au for 42,500 ounces gold using a cutoff grade of 0.3g/t Au. Commenting on the Mineral Resource Estimation, Managing Director, Neil Marston said: “This maiden mineral resource estimation is an excellent outcome for the Company. We have identified multiple zones of shallow gold mineralisation, with down dip and along strike extension potential. We are delighted with the overall grade and tonnage for a maiden resource and, given a buoyant outlook for gold, indications are that the prospect has the potential to profitably support open pit mining and trucking to an off-site processing plant. With the current high gold price there is excellent potential for the Company to monetise the prospect, either through an outright sale, or some other form of commercial development. We have commenced a formal process to solicit interest in the Tumblegum South Prospect and intend initiating the mining lease application process immediately.” | |
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