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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Greenewood | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/18/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-10-2016: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Greenewood deposit at the Jumbuck project. Drilling results incl. 4m @ 4.3g/t Au from 86m. The Directors of Tyranna Resources Limited (ASX: TYX), as manager of the | |
| 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 first 17 reverse circulation (RC) holes drilled at the Greenewood Gold 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 16GWRC013 to 16GWRC029 were drilled to test down dip of previously established gold mineralisation as well as a possible northern extension to the prospect. Hole 16GWRC016 was drilled beneath 16GWRC012 (which intercepted [email protected]/t Au from 53m earlier this year) and proved the down dip continuity with an intercept of [email protected]/t Au from 86m, including [email protected]/t Au (see Figure 2). Mineralisation has now been established along a continuous structure 60m down dip and remains open. Furthermore, a lower zone of mineralisation was also intersected with a grade of [email protected]/t Au from 106m in the same hole (16GWRC016). There is the possibility that this zone has been missed up-dip in previous drilling and future drilling will test the potential for this second horizon. | |
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