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Tyranna Resources Ltd.
Summary
| Project: | Eureka | |
|---|---|---|
| Deposit: | Eureka | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-3-2019: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Eureka deposit at the Eureka project. Drilling results incl. 5m @ 25.62g/t Au from 33m. Tyranna Resources Limited (ASX: TYX) (‘Tyranna’ or ‘the Company’), is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Revell (Internal) | |
| ABSTRACT: | Tyranna Resources Limited (ASX: TYX) (‘Tyranna’ or ‘the Company’), is pleased to announce that exciting assays have been received from the in-pit Reverse Circulation (RC) drilling conducted in February at the Company’s 100% owned Eureka Gold Project located 50km north of the gold mining centre of Kalgoorlie, Western Australia. Among the results received, of particular note, was hole 19ERC12 returning the highest ever grade intersected in the history of the Eureka mine at 1m at 89.7 g/t Au (with the repeat assay of 1m at 117.3 g/t Au). This hole also ended in mineralisation with the end of hole (EOH) grade of 1m @ 6.7 g/t Au. This indicates that the mineralisation remains open and is clearly demonstrated in Figure 3 (Eureka Section Looking North). This program had a total of 23 holes drilled inside the potential production area and 35% of the holes returned an average intercept of 7 metres greater than 2 g/t Au. Also encouraging was the fact that 4 of these holes ended in mineralisation which will require follow up drilling in the near future. Managing Director of Tyranna Resources, Mr Bruno Seneque commented, “The drilling program has no doubt increased our geological confidence in the Eureka mineralisation. We are particularly pleased with the spectacular grades intersected in multiple holes. The drilling results have given the Company the confidence to push on with the objective of monetising our asset and unlocking the extensional and exploration potential on our Eureka mining leases.” | |
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