Bryah makes bonanza 182g/t gold hit at Gabanintha
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Drilling at Bryah’s Gabanintha project has delivered bonanza gold grades of up to 182g/t gold in a cross-cutting fault zone that could host significant mineralisation.
The top 1m intercept from a depth of 55m is located within a broader 4m zone grading 64.3 grams per tonne (g/t) gold from 54m that is itself located in a 10m intersection at 27.5gt gold from 53m.
Notably, the discovery of high-grade gold means the major cross faults over the vanadium-titanium-magnetite (VTM) deposit now represent untested gold targets.
Bryah Resources (ASX:BYH) holds a suite of mineral rights such as nickel, copper and gold over the Gabanintha project while Australian Vanadium holds the rights to vanadium, titanium, iron ore and cobalt.
“These latest gold assays are an outstanding result for the company and confirm the exciting gold potential of the historic mining area of Gabanintha,” managing director Neil Marston said.
“Last year we started assaying for gold from historical drilling within the vanadium deposit at Gabanintha.
“Recording exceptionally high-grade gold assays of 10 metres grading 27.5g/t gold with 1 metre assays of up to 182 g/t Au within a fault cross-cutting the high-grade vanadium zone opens up a whole new exploration concept for the company to target.”
The VTM deposit is broken into discrete blocks by several major faults that all represent gold targets, though their extent outside of the vanadium deposit remains unknown.
Bryah believes it is possible that these cross faults have opened up pathways for secondary mineralisation to form, predominantly containing gold as well as copper.
Each of these faults will need to be investigated further as most of them have not been drill tested to date.
The company plans to change its focus from the high-grade vanadium zone to examining these cross-cutting fault zones.
Bryah will submit more archived drill samples for gold analysis shortly and is planning RC drilling to test the mapped cross fault zone.
It noted that as earlier drilling had been largely oblique to the fault zones, it expected follow-up drilling will see the drill rigs turned off-section to properly test these cross faults.
An early aim will be to test how far gold mineralisation occurs along strike and at depth within these faults.
The company is also well advanced in updating the current mineral resource of 14.3Mt at 208ppm cobalt, 666ppm nickel, 217ppm copper and 0.16 per cent sulphur.
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.