Full circle: Director ups stake as Bryah readies big Windalah drilling
Bryah director Leslie Ingraham has demonstrated his belief in the company and its projects by acquiring one million BYH shares ahead of upcoming VMS copper-gold exploration.
With the acquisition of the shares worth $47,517 in on-market trading, Ingraham now holds more than 7.3 million shares and 3 million performance rights in the company.
Bryah Resources (ASX:BYH) is planning to test the Windalah prospect with the goal of finding a major volcanogenic massive sulphide copper-gold deposit.
The planned two-hole drill program is co-funded by the Western Australia state government through its Exploration Incentive Scheme, which will pay half of the direct drilling costs up to the $140,000 grant amount.
Windalah exploration occupies the same stratigraphic position as the historical Horseshoe Lights deposit just 13km to the north.
The company is also planning to carry out EIS supported drilling at the Olympus target that is also believed to 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.