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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Campfire Bore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/18/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-7-2016: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Campfire Bore deposit at the Jumbuck project. Drilling results incl. 5m @ 8.1g/t Au from 39m. The directors of Tyranna Resources Limited (ASX: TYX), as managers of t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Revell (Internal) | |
| ABSTRACT: | The directors of Tyranna Resources Limited (ASX: TYX), as managers of the Western Gawler Craton Joint Venture which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty. Ltd. are pleased to announce the latest assay results from the first 18 reverse circulation (RC) holes drilled at the Camp Fire Bore prospect, - part of the large Jumbuck Gold Project in the Northern Gawler Block of South Australia. Holes (16CBRC003 to 16CBRC020) were drilled to further test the geometry of the gold mineralization at Camp Fire Bore whilst also seeking to extend the strike length of the known zone. All holes were drilled to the South East at an inclination of -600 (see figure 1). Of the 18 holes drilled, 14 holes (78%) intersected significant gold grades. Hole 16CBRC015, with an intersection of 5m @ 8.1g/t from 39m downhole, intersected the highest single metre assay encountered in the two drill programs drilled at the Jumbuck Project this year – 1m @ 36.8 g/t from 42m downhole. Some of the better assay results are presented in Table 1, whilst all gold intercepts >0.50g/t are presented in Table 2. It has become clear from this batch of drill results and from detailed geological logging of the RC rock chips that the majority of the early holes were drilled on a less than optimal azimuth direction for this particular body, and much of the existing gold mineralization could have been missed. Tyranna’s technical team will now further analyse this important information in designing ongoing drilling campaigns at the Campfire Bore prospect. The gold intersections on the Eastern end of the mineralized zone have extended the prospect strike length by over 50 metres. It remains open ended. The results from the final round of RC holes drilled further to the East, to test outlying historical Rotary Air Blast regional gold intersections, are anticipated later this week. | |
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