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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Jumbuck | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 30-5-2018: Tyranna Resources Ltd. announces a Resource Estimation report for its Jumbuck deposit at the Jumbuck project. Upgraded mineral resource estimate at the project. Tyranna Resources Limited (“Tyranna”) (ASX: TYX), as manager of the Western Gawler | |
| Resources: | (Resource, I+I): 8.70Mt @ 1.1g/t Au for 319Koz Au contained | |
| CP/QP: | [Resources]: Richard Maddocks (Independent) | |
| 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 Mineral Resource update for the Jumbuck Gold Project reported in accordance with JORC Code 2012. Tyranna Resources Managing Director, Bruno Seneque commented, “This 100,000 oz increase is a very pleasing result for the WGCJV. It illustrates a significant step forward in building resources at Jumbuck. This new resource strengthens our understanding of the deposits and it is to be noted that these are shallow ounces, sitting only 100 metres from surface. We will now start to plan first pass scoping studies to evaluate the potential to advance toward feasibility studies. Of course this will entail discussions with our joint venture partner – WPG Resources, who operate the Challenger Gold Operations and have been supportive of Tyranna’s exploration efforts. Since the previous Mineral Resources Estimate was announced on 24 January 2017 Tyranna has conducted additional RC and Diamond core drilling. A total of 131 RC holes for 9,923.5m and 5 Diamond Core holes for 777.9m were drilled during 2017 and into early 2018. A summary of total drilling into the various projects is presented in table 2. The updated Mineral Resource Estimate is tabulated in table 1. Additional drilling into Typhoon and Monsoon enabled maiden mineral resources to be estimated for these deposits. Also, drilling into Golf Bore and Greenewood increased confidence in the continuity of mineralisation resulting in maiden Indicated Resources for these deposits. Figures 3 and 4 illustrate the two main deposits, Golf Bore and Campfire Bore, block models. | |
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