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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Jumbuck | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2017: Tyranna Resources Ltd. announces a Resource Estimation report for its Jumbuck deposit at the Jumbuck project. Initial inferred resource estimate of 219,000oz Au at project. Tyranna Resources Limited (“Tyranna”) (ASX: TYX), as manager of the Wes | |
| Resources: | (Resource, Inf): 6.89Mt @ 1.0g/t Au for 219000oz Au contained at project (0.5g/t cut off) | |
| CP/QP: | [Resources]: Jonathon Abbott (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Tyranna Resources Limited (“Tyranna”) (ASX: TYX), as manager of the Western Gawler Craton Joint Venture which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty Ltd is pleased to announce a Maiden Mineral Inferred Resource for the Jumbuck Gold Project reported in accordance with JORC Code 2012 for 219,000 ounces. The resource estimation was undertaken by MPR Geological Consultants Pty Ltd (MPR) and forms part of ongoing resource drilling and project development being undertaken toward the Jumbuck Gold Project Exploration Target of 500,000 oz (ASX 17 October 2016). Tyranna Resources Managing Director, Bruno Seneque commented, “The Western Gawler Craton Joint Venture is very pleased to deliver on the first part of our strategy to define and progress Jumbuck toward our exploration target of 500,000 ounces. The drill program to date has not only delivered the 219,000 ounces Maiden Mineral Inferred Resource but it has more importantly provided the geological and structural data to the JV that gives us confidence that Jumbuck can develop into a significant gold project with excellent exploration upside to come.” MPR Geological Consultants Pty Ltd (MPR) was commissioned by Tyranna Resources Limited (Tyranna) to review the reliability of drilling information and to estimate Mineral Resources for the Jumbuck Gold Project. The current study includes the Golf Bore, Golf Bore North, Greenewood, Mainwood and Campfire Bore Deposits. The Monsoon and Typhoon prospects are other early exploration stage prospects in the Jumbuck Gold Project area and have insufficient sampling for estimation for Mineral Resources. Monsoon and Typhoon, therefore, are not included in the current resource estimates. | |
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