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Proactive

An initial RC program of 2,000 metres is targeting the Windalah prospect and a large EM conductor.

Bryah Resources Ltd (ASX:BYH) has the reverse circulation (RC) drill spinning in the Bryah Basin of WA targeting the high-priority Windalah gold prospect and an electromagnetic (EM) conductor near the historic Peak Hill Gold Mine.

With the company aiming to take further advantage of strong gold market fundamentals, it has initially planned 2,000 metres of RC drilling in this campaign.

Small Caps

OM Holdings ups stake in Bryah Basin JV

Earlier this month, OM Holdings also expanded its relationship with another emerging manganese company, Bryah Resources (ASX: BYH).

After earning 20% in a Bryah Basin manganese joint venture by spending $500,000, the Singapore company committed itself to a further $500,000, which would increase its holding in the project to 30%.

The Bryah Basin project is located north of Meekatharra, WA. Byrah Resources’ tenements and manganese mineral rights cover 880sq km over parts of the western Bryah Basin, which also hosts a number of historical manganese workings, the largest being the Horseshoe South Manganese mine.

Proactive

Bryah Resources Ltd (ASX:BYH) directors Ian Stuart, Neil Marston and Leslie Ingraham have demonstrated their confidence in the company’s gold exploration strategy with the purchase of shares in on-market transactions.

The company is set to begin 2,000 metres of reverse circulation (RC) drilling of gold and copper targets in the Bryah Basin later this week funded by the tranche-1 placement completed recently.

Proactive

Bryah Resources Ltd (ASX:BYH) is set to begin 2,000 metres of reverse circulation (RC) drilling of gold and copper targets in the Bryah Basin later this week funded by the tranche-1 placement completed last week.

This drilling will test the Windalah gold prospect as well as a high-priority EM conductor target north of Peak Hill.

MiningNews.net

EQUITY capital raised to fund exploration and development in “global gold hot spot” Western Australia has just ticked over A$375 million nearing the half-way point of 2020, with a significant proportion of that earmarked for the drill bit in the second half of this year and into 2021.

Business News

Explorers Kin Mining, Mindax and Bryah Resources has each launched capital raisings today, with the majority of the proceeds to advance drill programs in Western Australia.

MiningNews.net

Bryah Resources has received firm commitments to raise up to $1.55 million in a placement at 5c per share.

Hartleys is lead manager, with the funds to be used to explore for copper and gold in the Bryah Basin.

The Market Herald

• Bryah Resources (BYH) has received binding commitments to raise $1.55 million and will use the money for its Bryah Basin Project in WA
• Up to 31 million shares will be issued to sophisticated and professional investors at a price of five cents per share
• Byron will use the money to undertake a combination of reverse circulation and aircore drilling at multiple prospects within the project
• The money will also be used to locate extensions to the mineral resource at the Tumblegum South Gold Deposit and fund a downhole electromagnetic survey
• Bryah is currently down 6.78 per cent and shares are trading for 5.5 cents each

Proactive

Up to 8,000 metres of reverse circulation and aircore drilling will take place over the next six months at multiple prospects within the Bryah Basin.

Proactive

Bryah Resources Ltd (ASX:BYH) has been granted a trading halt by the ASX ahead of a capital raising announcement.

The trading halt will be in place until the start of trading on Tuesday, June 16, or when an announcement is released to the market, whichever occurs earliest.

Shares last traded at 5.9 cents and are up from 2 cents at close on March 31.