Bryah is closing in on the Windalah VMS prize with EIS grant for deep drilling
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Bryah has been awarded a co-funded drilling grant of up to $140,000 for a two-hole program to test for the VMS prize at the Windalah copper-gold deep target.
The company’s exploration at the target within its Bryah Basin project has brought it steadily closer towards finding a major volcanogenic massive sulphide copper-gold deposit.
Previous drilling by Bryah Resources (ASX:BYH) has already intersected sulphide stringer mineralisation that is interpreted to be distal or ‘cooler’ temperatures at the time of emplacement – a sure sign that the company is in a VMS system.
VMS systems in the Bryah Basin are already known to host high-grade copper-gold deposits such as Sandfire’s DeGrussa and Monty mines and the historical Horseshoe Lights mine.
“Receiving support from the WA Government through the EIS co-funded drilling program is a fantastic step forward for Bryah,” chief executive officer Ashley Jones said.
“Our geological team put forward an excellent EIS proposal which reflects the high level of understanding the team has accumulated on this project.
“This deep drilling program will target deeper and look to take us nearer to the ‘hotter’ zone that may potentially host copper-gold mineralisation.”
Bryah was one of 47 successful applicants from a list of 107 applicants in the latest round of WA’s Exploration Incentive Scheme, which contributes half of the direct drilling costs up to the total awarded funding.
The Windalah exploration target occupies the same stratigraphic position as the Horseshoe Lights deposit with geochemical, hyperspectral and structural information from diamond core in recent drilling allowing the company to refine its targeting.
This includes the identification of orientation and intersection of the laminated stringer mineralisation and the ore stratigraphic horizon that generated a steeply plunging target window.
Bryah also developed an improved schematic syn-depositional model that places current drilling on the periphery of an exhalative massive sulphide apron in a high sulphidation VMS system.
The company is also of the view that the upcoming Olympus drilling, which is also co-funded by the EIS, targets a different part of a similar hydrothermal system to Windalah and may also be stratigraphically equivalent to Horseshoe Lights.
This article was developed in collaboration with Bryah Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.