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Tyranna Resources Ltd.
Summary
| Project: | Jumbuck | |
|---|---|---|
| Deposit: | Typhoon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-6-2017: Tyranna Resources Ltd. announces an Exploration/Drilling Update report for its Typhoon deposit at the Jumbuck project. Re-assay of drill holes - results incl. 13m @ 3.88g/t Au from 47m. The Directors of Tyranna Resources Limited (ASX: TYX, or Th | |
| 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 72% - WPG 28%) are pleased to announce that drilling has been completed (Phase 1) at Typhoon and Monsoon gold prospects which are 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. Final 1 metre re-splits have been received for holes 17TYRC012 & 013 (refer Figure 1). The high grade gold results have been validated by acceptable comparison with 4 metre composites which were announced on 26 April 2017. The outstanding result from hole 17TYRC012 occurs at the BOPO (Base of Partial Oxidisation) – refer Figure 3. The BOPO is commonly where supergene mineralisation has been observed by Tyranna geologists and also occurs at the Golf Bore, Campfire Bore and Greenwood gold prospects. This BOPO is used by the geologists as a marker horizon that is indicative of the supergene enriched areas that for example, commonly carry grades of greater than 2 g/t Au over widths of 4 metres. For instance at the Golf Bore gold prospect this BOPO horizon has produced high grade intersections such as 4 metres @ 6.07 g/t Au from 22m downhole depth in hole 15GBRC003 (refer ASX announcement on 23 September 2015). Also at Campfire Bore, this horizon has also produced intersections such as 5 metres at 8.16 g/t Au from 39m downhole depth in hole 16CBRC015 (refer ASX announcement on 10 November 2016). | |
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