お知らせ • Jul 24
Bryah Resources Limited Announces the Latest Results from Gold Assaying of Drill Samples from the Australian Vanadium Project At Gabanintha
Bryah Resources Limited advised the latest results from gold assaying of drill samples from the Australian Vanadium Project ("Project") at Gabanintha, located approximately 40 km south of Meekatharra in central Western Australia. A total of 1,377 samples from earlier drilling were submitted by Bryah for gold analysis following encouraging results from assays recorded in earlier batches submitted in 2020 and 2021. The latter batch recorded an outstanding 10 metres @ 27.5 g/t Au from 53 metres, including 4m @ 64.3 g/t Au from 54m, which included 1m (55-56m) @ 182.0 g/t Au in 19RRC006 within a cross- cutting fault zone which has now been named the New Hope prospect. Tenure: Bryah hold the mineral rights to, inter alia, all nickel, copper and gold on the Project whilst Australian Vanadium Limited ("AVL") holds the rights to cobalt as well as the large vanadium- titanium-magnetite resource itself. The vanadium-titanium-magnetite deposit is approximately 11.5km long within the Project area with most of this lying on Mining Lease M51/878. Drilling into the deposit has also identified the presence of cobalt, nickel and copper with the potential that these metals may be extracted economically. The Project is currently progressing through a Bankable Feasibility Study into the mining and processing of the vanadium-titanium-magnetite deposit by AVL. Bryah has been conducting activities to further assess the gold, nickel and copper potential of the deposit. When developed the project is expected to operate from multiple open pits for at least 25 years based on AVL's latest feasibility study. Bryah's exploration activities for gold do not interfere with any of the current activities and studies being undertaken by AVL. AVL is Bryah's major shareholder holding 5.7% of shares on issue. Gold Sampling: Gold (Au), platinum (Pt) and palladium (Pd) results for an additional 1,377 archive drill pulps have now been received from existing drillholes at the Australian Vanadium Project at Gabanintha. Of this latest batch, 124 (9.0%) samples recorded gold grades between 0.1 g/t and 3.92 g/t Au. Sample selection was based on blanket sampling the available drill pulps around the New Hope fault zone, to follow up on intercepts previously reported in March 2021. Additional samples were selected from drilling near a north-dipping, low-angle fault located between blocks 15 and 20, approximately 1.2 km northwest of the New Hope prospect, where gold intercepts were identified in the earlier sampling. This latest round of gold sampling adds to the previous 468 samples analysed in late 2020 and early 2021, which highlighted zones of anomalous gold adjacent to, or within the high-grade (HG10) vanadium-titanium-magnetite domain at the Project, with the strongest gold mineralisation occurring in proximity to cross cutting regional faults, particularly at New Hope - the fault zone separating blocks 20 and 30. The best down hole width gold intercepts returned from this latest sample batch were: 19RRC007 - 21m @ 0.74 g/t Au from surface, and 1m @ 3.92 g/t Au from 80m 19MTDT002 - 1m @ 2.54 g/t Au from 117m, and 19MTDT015 - 6 m @ 0.53 g/t Au from 39m. Drill holes 19RRC007 and 19MTDT002 are highlighted on the cross sections provided. The cross section at 112,500 mN (local grid) shows the proximity of the gold intercepts to modelled large-scale regional cross faults at the junction of fault blocks 20 and 30. The cross section at 112,230 mN (local grid) shows multiple gold intercepts in drill holes that are interpreted to have intersected a cross cutting structure, resulting in thinning of the HG10 domain in this area. Currently, the geometry of this fault zone is still being evaluated, though the preliminary interpretation is that the fault zone is one or more sub-parallel northwest - southeast or east-west trending faults. Drill holes 19RRC011 and 19RRC013 have been fully assayed for gold, whereas only a portion of 19MTDT002 (RC pre-collar, diamond tail) has currently been assayed, with full assay of that hole planned in the next round of works. Geological Interpretation: There are several major faults which have broken up the vanadium deposit into discrete blocks over its entire length and these all now represent untested gold targets. A geological map showing the drill hole locations and cross faults from the 3D geology model in the vicinity of cross section 112,500 mN (local grid). The extent of these faults outside of the drilled extent of the Vanadium deposit is not yet well understood. Potentially, these cross faults have opened pathways for secondary mineralisation to form, predominantly containing gold as well as elevated copper, barium, arsenic and/or sulphur. With these latest drill results the Company is more confident of an association between the presence of fault-related brittle deformation of the gabbro hosting the vanadium mineralisation, and the gold mineralisation.