Tyranna Resources Hits High-Grade Gold With First Typhoon Holes

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) announce the first batch of assay results from reverse circulation (RC) drill holes completed at the Typhoon Gold Prospect

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) (TYX 72% – WPG 28%)

The Typhoon prospect is located approximately 39 kilometres south of the Challenger gold mine and is part of the larger Jumbuck gold project in the Northern Gawler Block of South Australia.

High grade intercepts from the recent drilling include:

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1m at 50.7 grams per tonne gold from 71m;

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12m at 3.95g/t gold from 44m;

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1m at 12.5g/t gold from 43m;

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14m at 1.24g/t gold from 32m; and

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3m at 2.95g/t gold from 45m;

“We have been ‘champing at the bit’ to revisit the historical drilling at Typhoon and Monsoon as those early results by Challenger drilling crews give strong indication that these prospects are highly mineralised targets,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.

“Our team is very excited to now be following up that early work with targeted drilling and a plan to model the geology and mineralisation so we can work out what we potentially have on our hands at Typhoon and Monsoon.”

Tyranna explained these were the first holes to be drilled of a current drilling program in the southern portion of the Jumbuck gold project.

Drilling began on 14th March and 13 holes have been completed Typhoon and 4 holes at Monsoon.

Earlier drilling on the Typhoon prospect by previous explorers produced an encouraging start, however the program was halted and focus was directed to drilling out the Challenger gold mine.

Those early results outlined Typhoon as a priority target, from which Tyranna designed a drill program to augment and enhance the previous work done on the prospect.

Tyranna said the new drill program and results at Typhoon will deliver a better understanding of the geological model and mineralisation ahead of further exploration plans.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com