Gold plays are charging ahead with their exploration plans given the bullish outlook and the fact the precious metal broke past the $US1,800 ($2,600) barrier briefly earlier this week.
Bryah Resources (ASX:BYH) has started drilling to test the Windalah prospect and a high priority electromagnetic (EM) conductor target north of the Peak Hill gold mine in Western Australia.
At least seven holes will be drilled at Windalah to follow-up on previous drilling that returned what Bryah says are exceptional high-grade gold intersections.
Notable results from the previous drilling were 12m at 4.32g/t gold from surface, including 2m at 17.19g/t gold from 3m; and 5m at 6.62g/t gold from 79m, including 1m at 15.15g/t gold from 82m.
Additionally, the company will drill and case two holes at the EM conductor about 7km north of Peak Hill and 65km east of Sandfire Resources’ (ASX:SFR) DeGrussa mine.
It plans to carry out downhole EM surveys of these drill holes to assist in follow-up exploration.