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Australian Vanadium Ltd (ASX:AVL) welcomes first results from Bryah Resources Ltd (ASX:BYH)'s aircore drilling across the Lady Alma Layered Igneous Complex (LALIC) within the Gabanintha Project, about 40 kilometres SSE of Meekatharra in WA, that located a new gold-bearing fault structure.

This recently completed aircore program was designed to investigate the extent and zonation of the LALIC, which has potential to host nickel-copper-gold and platinum group elements (PGE) mineralisation.

The joint Bryah/Australian Vanadium program was undertaken with Exploration Incentive Scheme grant funding of up to $53,000 from the Department of Mines, Industry Regulation and Safety (DMIRS) as a contribution towards drilling costs.

Stockhead

Bryah’s recent aircore drill program is paying off with the discovery of multiple gold targets across the Lady Alma Layered Igneous Complex in its Gabanintha project.

Initial results from the 133-hole program have identified gold mineralisation in a new fault structure about 1.7km southeast along strike from the New Hope prospect where high-grade gold was intersected and supports potential for significant gold mineralisation in nine structural corridors over 11km.

What’s likely to be just as exciting for Bryah Resources (ASX:BYH) is that this new potential is based on the 455 assay results received to date, indicating there is potential for more to come from the plus 1,000 assays that are still outstanding, which so far today has resulted in a 6% positive share price move.

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Bryah Resources has expanded its footprint in WA, securing three exploration licences covering 50 km² around its existing land holding in the Bryah and Padbury Basins.

The Bryah Basin hosts the high-grade copper-gold mines at DeGrussa, discovered by Sandfire Resources (ASX:SFR) in 2009, and at Horseshoe Lights, which was mined until 1994.

It also hosts several historical and current manganese mines including the company’s Horseshoe South mine.

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The search for copper and gold riches at Bryah Resources’ Windalah anomaly is getting warmer as aircore drilling continues to grow the strike-length and prospectivity of the VMS target.

Aircore drilling by Bryah (ASX:BYH) has boosted the strike length of the multi-element anomaly well beyond 500m.

Results of 986 ppm arsenic and 136 ppm antimony in hole 21WEAC053 and up to 17 ppm molybdenum in hole 21WEAC052 may not provide direct evidence of a major copper or gold find, but they do show the pathfinders of a big VMS system are there – and at higher levels than previous aircore drilling in 2020.

The West Australian [subscription]

Bryah Resources’ gold spin-off Star Minerals has easily raised $5 million in an initial public offering ahead of its listing on the ASX early next month.

Sydney-based Magnolia Capital Group has pledged to take up $2.5m of the $5m sought under the offering.

Financial Review [subscription]

Magnolia Capital Group has cornerstoned Western Australia gold miner Star Mineral’s $5 million IPO, taking up half of the total raise.

Star Minerals will use the funds to acquire ASX-listed Bryah Resources’ Tumblegum South holding for $500,000 cash, 9 million shares and 7 million performance rights. Bryah announced this transaction in March.

The Star

PETALING JAYA: OM Holdings Ltd’s joint venture (JV) with Bryah Resources Ltd has commenced drilling for manganese in the Bryah Basin, 150km north of the central Western Australian town of Meekatharra.

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Reverse circulation drilling is underway at Bryah Resources’ Bryah Basin manganese JV, in a 2000m program fully funded by partner OM Holdings.

The drilling will test some potentially concealed manganese targets identified by recent gradient array induced polarisation geophysical surveying at the Brumby Creek prospect, focused on the Bryah West, Redrum, Mollie and Clover targets.

Stockhead

Got 90 seconds? Then listen to Managing Director, Neil Marston tell us about their company news.

Bryah Resources Limited (ASX:BYH) is a Perth-based mineral exploration company with a focus on exploration for high-grade copper-gold and manganese resources located in its two project areas in the Bryah Basin and at Gabanintha in the Meekatharra region of Western Australia.

Bryah believes the Mount Labouchere prospect is a solid exploration target at its Bryah Basin project in WA after the latest aircore drilling recorded anomalous copper-cobalt-nickel mineralisation.

The Market Herald

• Bryah Resources (BYH) receives further results from the Mount Labouchere Prospect in Western Australia
• Early last year, the company drilled 16 shallow reverse circulation holes with samples showing anomalous copper, cobalt and nickel mineralisation
• This prompted Bryah to drill six aircore holes in May which saw grades peak at 0.22 per cent copper, 0.11 per cent cobalt and 0.16 per cent nickel
• Planning is now underway for the next phase of exploration
• Bryah ends the day 1.96 per cent in the red with shares trading at five cents