Bryah Resources Limited has been successful in its application in Round 24 of the Western Australian Government’s Exploration Incentive Scheme (EIS).
As a result, the company will receive grant funding of up to $130,000 from the Department of Mines, Industry Regulation and Safety (DMIRS) as a contribution towards direct drilling costs at the Olympus Anomaly located within its Bryah Basin Project, which is located in central Western Australia.
The Olympus Anomaly is a strike-extensive multi-element geochemical anomaly confirmed by infill auger soil sampling in 2021. It has similar pathfinder mineral characteristics to the significant geochemical anomaly over the nearby Windalah Cu-Au prospect. Recent diamond drilling at Windalah has confirmed the presence of a Volcanogenic Massive Sulphide system with copper-gold potential which is analogous to the Horseshoe Lights Cu-Au deposit.
The Olympus Anomaly is approximately 10 kilometres south of the Horseshoe Lights Cu-Au deposit and lies within the Aquarius Trend, a series of double-plunging domes with Narracoota Formation volcanic rocks at the core, flanked by Ravelstone Formation sedimentary rocks. It is understood that these domes connect with the Narracoota Formation rocks that host the Horseshoe Lights Cu-Au deposit through an extensive dome and basin architecture.
The company plans to drill approximately 10 Reverse Circulation drill holes for a total of 3,000 metres to test the Olympus Anomaly to a depth of 300 metres.
Under the company’s agreement with DMIRS, the drilling program must be undertaken between 1 December 2021 and 30 November 2022.