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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Greenewood | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/7/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-7-2016: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Greenewood deposit at the Jumbuck project. Drilling results incl. 6m @ 6.81g/t Au from 53m. The directors of Tyranna Resources Limited (TYX : ASX) are pleased to anno | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Revell (Internal) | |
| ABSTRACT: | The directors of Tyranna Resources Limited (TYX : ASX) are pleased to announce the assay results from the 12 reverse circulation (RC) holes drilled at the new Greenewood gold discovery, approximately 800m North East of the advanced Mainwood gold prospect - part of the large Jumbuck Project in the Northern Gawler Block of South Australia. These holes (16GWRC001 to 16GWRC12) were drilled in response to the recent discovery outlined in ASX release of 1st June 2016. In May 2016, Tyranna drill tested a single intersection of 5m @ 2.14 g/t from an historical RAB reconnaissance hole drilled in 2003, approximately 800 metres to the North East of the main body of the Mainwood Prospect gold mineralization. Three inclined RC holes were drilled in order to test this “outlier” result. All three holes returned significant gold intersections (up to 2m @7.94 g/t gold) at shallow depths, beneath a distinct sulphide “marker” horizon. The current 12 holes, drilled as a response to the initial discovery, were drilled on 4 lines, approximately 40m apart on either side of the strike of the initial discovery holes. They were all drilled at an inclination of -600 to the South West at a spacing of approximately 25m. All holes were drilled to inclined depths of between 48m and 66m. | |
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