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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Monsoon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-7-2017: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Monsoon deposit at the Jumbuck project. Drilling results incl. 12m @ 1.60g/t Au from 33m. The Directors of Tyranna Resources Limited (ASX: TYX, or The Company), as ma | |
| Resources: | (not mentioned in this report) | |
| 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) (TYX 71% - WPG 29%) are pleased to announce the final assay results from reverse circulation (RC) drill holes completed at the Monsoon Gold Prospect, which is located approximately 39km south of the Challenger Gold Mine and part of the larger Jumbuck Gold Project in the Northern Gawler Block of South Australia. These are the first holes of the current drilling program to be drilled by Tyranna at the Monsoon gold prospect which is part of the southern portion of the Jumbuck gold project. Drilling has now been completed for 54 holes at Monsoon for 4,250m for an average depth of 78 metres. Monsoon was one of the first discovered prospects in the Jumbuck area through regional calcrete sampling in 1994-1995 on a 1.6 x 1.6 km grid. Note that the Challenger discovery was made subsequent to this in May 1995. Current geological observations from this round of drilling at Monsoon have intersected gneiss similar to that at the Challenger mine which includes very coarse grained quartz rich gneiss showing blue quartz, together with coarse to very coarse garnet, and lesser black biotite. Assay results received from the Typhoon gold prospect exceeded expectations and work is being planned for a 2,000 metre RC drill program to test strike continuation and down dip extension which will commence in early August 2017. Based on results from this first pass drilling, Monsoon has been classified a secondary order target in the southern Jumbuck area. | |
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