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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Campfire Bore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2016: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Campfire Bore deposit at the Jumbuck project. JV - drilling results incl. 1m @ 37.80g/t Au from 47m. 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 assay results from the final 13 reverse circulation (RC) holes drilled at the Camp Fire Bore Prospect, which is approximately 37 km from the Challenger Gold Mine and part of the large Jumbuck Gold Project in the Northern Gawler Block of South Australia. Holes 16CBRC021 to 16CBRC033 were drilled to test the northern extension of gold mineralisation at Campfire Bore in an area previously only tested by broad spaced scout RAB drilling by previous explorers. This was also the first prospect to be drilled using re-interpreted geochemical data and the results are highly encouraging. Drill lines were spaced up to 200m apart for the three northern most lines, yet mineralisation proved continuous. The first set of results from this area of drilling was reported on 18/7/16 which included an intersection of 5m @ 8.1g/t Au including 1m @ 36.8g/t Au in 16CBRC015. These latest results have added further significant intercepts (refer Figure 1) which include 3m @ 8.2g/t 16CBRC033, 1m @ 37.8g/t 16CBRC022, and 1m @ 30.5g/t 16CBRC029. These gold intersections have extended the mineralised strike extent by 750m to define a minimum total strike length of 1.25km at Campfire Bore. Furthermore, the northern most intersection of 1m @ 30.5g/t Au demonstrates that the structure is still open to the north. As drilling has not yet exceeded 50 vertical metres, the depth potential remains open. This provides an extensive set of new, deeper targets for drilling in the second half of 2016. | |
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