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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Greenwood | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-12-2016: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Greenwood deposit at the Jumbuck project. JV - drilling results incl. 14m @ 3.02g/t Au from 34m. The Directors of Tyranna Resources Limited (ASX: TYX, or The Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nicholas Revell (Internal) | |
| ABSTRACT: | The 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) and Coombedown Resources Pty Ltd are pleased to announce the final batch of assay results from reverse circulation (RC) holes and diamond drilling (DH) completed at the Greenewood Gold Prospect, which is located approximately 37 km from the Challenger Gold Mine and part of the larger Jumbuck Gold Project in the Northern Gawler Block of South Australia. Planned drilling intersected multiple gold bearing zones with similar results to the phase 1 and phase 2 programs. The high grade section of the system is known as Greenewood Central. Phase 2 drilling comprised of a combination of infill, down-dip and diamond drilling used to improve the understanding of this section of the geological structure. The drilling program included grid spacing to at least 50m spacing and has now been completed within the central section with some sections completed down to 25m line spacing. Two diamond holes were also drilled to gather structural information as well as to aid in visualisation of ore zones. Tyranna Directors pleasingly note that Hole 16GWRC073, which was drilled 100m north to the last mineralised line of drilling, has now increased the strike length to greater than 600 metres. | |
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