21 May – Acquisition of Advanced High-Grade Gold Project
HIGHLIGHTS
• Bryah Resources has signed a binding option term sheet with Globex Mining Enterprises Inc. (GMX-TSX, GLBXF-OTCQX, G1MN-FSE) to acquire the Golden Pike high-grade gold project in New Brunswick, Canada, subject to due diligence.
• The Golden Pike Gold Project has a NI 43-101 Foreign Resource Estimate
modelled from a high cut-off grade of 5 g/t Au:
Classification Zone Tonnes (‘000) Au (g/t) Oz (‘000)
Inferred Main Zone 78.2 11.47 28.8
Inferred Parallel Zone 136.6 8.54 37.5
Inferred Total 214.8 9.60 66.3
• High grade intersections include but not limited to (see appendix for full drilling results):
o 13m at 43.07 g/t Au
o 10m at 32.26 g/t Au
• The Golden Pike deposit remains open in multiple directions and hassimilar targets on untested areas featuring multiple high grade boulder rock chips up to 244 g/t Au which have the potential to significantly increase the resources.
• Golden Pike has access to established infrastructure including ports, roads and power derived from renewable sources.
• Bryah has sufficient funds on hand to make required consideration payments and commence exploration.
• On completion, Bryah will become the owner of the Golden Pike Project at a time of record gold prices, with the last gold drilling conducted on the claim when the gold price was circa A$1500/oz.
… and it appears a few new faces are joining…
@Dora Kent in TMG thread wrote:
Intriguingly with all the change, a couple of non execs have become involved in taking over a smaller company Byrah Resources
