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Bryah Resources’ Tumblegum South Mining Lease Granted

Tumblegum South
Tumblegum South

Bryah Resources Limited (“Bryah” or “the Company”) (ASX:BYH) is pleased to announce the grant of the mining lease over the Company’s Tumblegum South Prospect located within its Gabanintha Project, in the gold-rich Meekatharra region of Western Australia.

Highlights:

  • Mining Lease granted over the Tumblegum South gold prospect in under 8 months since pegging
  • The Tumblegum South prospect, has an Inferred Mineral Resource of 600,000 tonnes @ 2.2 g/t Au for 42,500 oz Au
  • Negotiations are well advanced for a collaboration agreement with a gold plant owner to develop and commence open pit gold production
  • Key appointment made to drive Tumblegum South into production
  • Diamond drilling program scheduled to commence later this month to upgrade the existing resource status in readiness for mining, and provide samples for metallurgical test work
  • Planning for follow-up RC drilling program in 2021 to test potential to expand the resource, which offers extension potential down dip and along strike

Commenting on the grant of the lease, Bryah Resources Managing Director Neil Marston said, “This is a significant milestone on the pathway to near-term gold production at Tumblegum South. We have been successful in progressing the mining lease application and to have it granted in less than 8 months is a credit to all involved and gives us a great chance to capitalise on the robust gold price.”

“We are well advanced in negotiations with a gold processing plant owner about collaborating on the development of the resource with our joint goal being to be fully permitted to start mining and processing gold sometime in 2021.”

“The resource needs additional in-fill drilling to bring it up to a measured category, which we intend commencing later this month, ahead of a program of metallurgical testwork and pit design studies early next year.”

“We have also appointed Mr Greg Almond, a very experienced mining professional to our team, to manage the project through the various studies and approvals needed to commence production.”

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