Bryah Resources (ASX:BYH)
WA-focused gold explorer Bryah Resources soared in morning trading after it announced an impressive hit of 182 grams per tonne (g/t) gold at its Gabanintha project.
The hit was one of 17 holes drilled at Gabanintha and shows high-grade gold occurs in a cross-cutting fault zone within the project’s vanadium-titanium-magnetite deposit.
Australian Vanadium (ASX:AVL) has a 7.3 per cent equity stake in Bryah Resources and holds the rights to vanadium, titanium, iron ore and cobalt 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 gold within a fault cross-cutting the high-grade vanadium zone opens up a whole new exploration concept for the company to target,” managing director, Neil Marston, said.