Bryah Resources has drill spinning at Bryah Basin JV targeting high-grade manganese

Bryah Resources Ltd (ASX:BYH) has started the next phase of manganese drilling at the Bryah Basin Joint Venture Project with OM (Manganese) Limited (OMM), a wholly-owned subsidiary of OM Holdings Limited (ASX:OMH). The drilling program consists of 1,500 metres to be drilled over four areas, with the focus being to test for extensions of high-grade manganese mineralisation intersected in drilling programs at Black Hill, Brumby Creek and Horseshoe South in 2019. First pass drilling is also planned at the Mount Labouchere prospect. Drilling has been funded by OMM under the Bryah Basin Joint Venture Agreement with drilling being undertaken by Bryah as project managers. Shares have been as much as 7% higher to 3 cents intra-day. Black Hill At Black Hill, four holes were drilled in 2019 with two holes yielding intersections of direct shipping grade manganese from the surface of: 5 metres at 36.9% manganese, including 1-metre at 40.4%; and 6 metres at 38.1%, including 3 metres at 42.0%. Up to 15 holes, drilled to a maximum depth of 12 metres, are planned in this next phase of drilling, aiming to test for high-grade extensions of manganese at this prospect. Brumby Creek At Brumby Creek prospect, wide-spaced regional drilling in 2019 identified an area of outcropping manganese mineralisation which recorded: 23 metres at 25.8%, including 3 metres at 31.2%, 2 metres at 30.4% and 2 metres at 32.8%. This area will be drill tested with several holes, totalling 200 metres. Horseshoe South Drilling in 2019 at the granted mining lease at the historic Horseshoe South Manganese Mine tested parts of the main pit as well as in the Horseshoe South Extended pit. In the main pit, results included 3 metres at 33.8% from 2 metres depth. Closer spaced holes will be drilled in the vicinity to establish the extent of the mineralisation. In the Horseshoe South Extended Pit several holes are planned to test and confirm historical drilling results below the existing pit floor. A total of around 900 metres of drilling is planned. Bryah Basin Joint Venture In April 2019, Bryah executed a Manganese Farm-In and Joint Venture agreement with OMM. Between April and August 2019, OMM funded $500,000 of project expenditure which yielded highly encouraging manganese drilling results. In August 2019, OMM elected under the agreement to proceed and the joint venture was formed following payment of a $250,000 exercise fee, whereby OMM secured an initial 10% interest. Funding exploration Under stage two of the agreement, OMM can elect to progressively fund the next $2 million of exploration expenditure in four tranches of $500,000 each, to earn up to a 51% interest by 30 June 2022. OMM has completed tranche one funding of $500,000 and, once spent by Bryah, will increase the JV interest held by OMM from 10% to 20%. Bryah is project manager until OMM has earned a 51% interest.