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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Greenewood | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-11-2017: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Greenewood deposit at the Jumbuck project. JV - Drilling results incl. 22m @ 4.03g/t Au from 50m. Directors of Tyranna Resources Limited (ASX: TYX, or The Company), | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nicholas Revell (Internal) | |
| ABSTRACT: | Directors of Tyranna Resources Limited (ASX: TYX, or The Company), as manager of the Western Gawler Craton Joint Venture which includes WPG Resources Ltd (ASX: WPG) (TYX 75% - WPG 25%) and Coombedown Resources Pty Ltd are pleased to announce results from reverse circulation (RC) drill holes completed at the Greenwood Gold Prospect, located approximately 37km north of the Challenger Gold Mine and part of the larger Jumbuck Gold Project in the Northern Gawler Block of South Australia. Managing Director Bruno Seneque highlights these results: “There is a lot of excitement in the Tyranna camp right now because this is what we have been looking for at Greenewood to confirm our confidence that we can identify a Challenger analogue deposit. Challenger has produced 1.2m oz’s of gold over its life and it would make geological sense that there are similar deposits nearby. Diamond drilling will now be directed with better geological modelling to increase this resource as we test the deeper and higher grade mineralisation down plunge on this structure. I look forward to reporting our progress here at Greenewood, to shareholders through the coming weeks.” Tyranna completed a highly successful drilling program in the first half of 2016, which yielded the first new discovery within the Jumbuck Gold Project area in over 15 years at the Greenewood gold prospect. | |
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