Bryah Resources (ASX:BYH) sells Tumblegum South Gold Deposit in WA
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Byrah Resources (BYH) has sold its Tumblegum South gold deposit in the Gabanintha Project in Western Australia to Star Minerals for $500,000
The Tumblegum South gold deposit has an inferred mineral resource of 600,000 tonnes at 2.2 g/t gold for 42,5000 ounces gold.
The agreement also comes with 9 million shares valued at $1.8 million in Star Minerals and 7 million performance rights, resulting in Bryah now holding around 21.6 per cent equity in Star
Bryah is also selling Star its E52/3739 exploration licence for an additional 2 million shares in Star Minerals