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Tyranna Resources Ltd.
Summary
| Project: | Eureka | |
|---|---|---|
| Deposit: | Eureka | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-12-2018: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Eureka deposit at the Eureka project. Drilling results incl. 14m @ 4.58g/t Au from 103m. Tyranna Resources Limited (ASX: TYX) (‘Tyranna’ or ‘the Company’), is please | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Revell (Internal) | |
| ABSTRACT: | Tyranna Resources Limited (ASX: TYX) (‘Tyranna’ or ‘the Company’), is pleased to announce that drilling has been completed at its 100% owned Eureka Gold Project located 50km north of the gold mining centre of Kalgoorlie, Western Australia. The drilling program, comprising 2,040 metres for 13 holes, was successful in intersecting the high-grade ore shoot beneath the recently completed open pit (refer Figure 1 and 2). Diamond drilling was designed to target the interpreted south plunging ore shoot that had been mined in the pit by the previous owners. Mapping in the Eureka pit revealed that mineralisation was associated with quartz veining with minor sulphides contained within a broader zone of shearing and foliation. Channel sampling conducted across the ore zone before mining was completed in April 2018 indicates the presence of high grade mineralisation beneath and along strike of the current pit. Figure 4 shows the position of the ore zone in the north wall and an ore drive that was developed in 1996. Decline development that was completed in 1996 is illustrated in figure 5. The project was not progressed due to the prevailing gold price at that time. | |
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