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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Campfire Bore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-1-2017: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Campfire Bore deposit at the Jumbuck project. JV - drilling results incl. 19m @ 1.01g/t Au from 37m. The Directors of Tyranna Resources Limited (ASX: TYX), as manage | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Revell (Internal) | |
| ABSTRACT: | The Directors of Tyranna Resources Limited (ASX: TYX), as manager of the Western Gawler Craton Joint Venture which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty Ltd are pleased to announce the final batch of assay results from reverse circulation (RC) holes and diamond drilling (DH) drilled at the Campfire Bore Gold Prospect, which is located approximately 42 km from the Challenger Gold Mine and part of the large Jumbuck Gold Project in the Northern Gawler Block of South Australia. Phase 2 drilling for 2016 at the Campfire Bore prospect has now been completed and all assays have been received. A total of 37 RC holes were drilled for 2,658 metres, and one Diamond Hole completed for 100 metres. The Joint Venture partners are pleased that the drilling to date at Campfire Bore has delineated a consistent supergene gold blanket at the transition zone between the oxidised and fresh rock boundary. This is evident from multiple drill intercepts with grades greater than 30 g/t Au that have been attributed to supergene enrichment (refer figure 1). Most encouragingly, the results of this program of drilling proves the mineralised structure extends below the supergene blanket and into a primary zone. The implication is that deeper drilling is required to extend the gold zone and thus increase resource potential. Refer to Figure 2 which shows diamond drill hole 16CBDH001 and 16CBRC035 which both intersected primary style gold mineralisation. | |
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