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Tyranna Resources Ltd.
Summary
| Project: | Eureka | |
|---|---|---|
| Deposit: | Eureka | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-3-2019: Tyranna Resources Ltd. announces a Resource Estimation report for its Eureka deposit at the Eureka project. Initial JORC 2012 mineral resource and exploration target for Eureka. Tyranna Resources Limited (ASX: TYX) (‘Tyranna’ or ‘the Company’), | |
| Resources: | (Resource I+I): 762Kt @ 1.8g/t Au for 43.1Koz Au contained | |
| CP/QP: | [Resources]: Richard Maddocks (Independent) | |
| ABSTRACT: | Tyranna Resources Limited (ASX: TYX) (‘Tyranna’ or ‘the Company’), is pleased to announce that the successful completion of the recent drilling program at its 100% owned Eureka Gold Project (‘the Project’) has enabled an update of the Project’s Mineral Resource Estimate. In addition, an Exploration Target has been delineated through the increased geological knowledge gained from the drilling program and the recently completed tribute mining. Tyranna Managing Director Bruno Seneque commented, “This is a fantastic result for Tyranna to not only update the Mineral Resource but also release an Exploration Target for Eureka within the first eight months of ownership. “The Company believes Eureka to be an extremely under explored mineralised system with all work carried out to date literally just scratching the surface of its true potential. Our Mineral Resource only covers the zone directly beneath the old Eureka Pit, which remains open along strike to the north, south and at depth so as such, we are in the midst of planning an extensive near mine drilling program to test the mineralised potential in the surrounding areas. “As further upside, Tyranna is currently planning an exploration program to follow up geophysical targets previously generated on the southern mining leases. We look forward to keeping shareholders abreast of our work programs as they unfold.” | |
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