Tyranna Resources confirms Greenewood gold depth extensions

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) released assay results from the first 17 reverse circulation (RC) holes drilled at the Greenewood gold prospect, part of the company’s Jumbuck gold project in the Northern Gawler Block of South Australia.

Tyranna is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) and Coombedown Resources Pty. Ltd.

Tyranna explained holes 16GWRC013 to 16GWRC029 were drilled to test down dip of previously established gold mineralisation as well as a possible northern extension to the prospect.

Hole 16GWRC016 was drilled beneath drillhole 16GWRC012, which intercepted 6 metres at 6.81 grams per tonne gold from 53m earlier this year.

Tyranna claimed 16GWRC016 proved the down dip continuity of the mineralisation with an intercept of 4m at 4.3g/t gold from 86m, including 1m at 10.2g/t gold.

The company said the drilling had established mineralisation along a continuous structure 60m down dip and remains open.

16GWRC016also intersected a lower zone of mineralisation, grading 5m at 2.22g/t gold from 106m, which Tyranna suggested demonstrated the possibility that this zone has been missed up-dip in previous drilling and future drilling will test the potential for this second horizon.

A second drill rig has completed 18 RC holes for 1200m at Campfire Bore, and these have been delivered to the laboratory in Adelaide with results expected towards the end of October or early November 2016.

“Drilling activities are now focused on 500 metres of diamond drilling at both Greenewood and Campfire Bore,” Tyranna Resources said in its ASX announcement.

“Once this diamond drilling has finished, the area between the Mainwood and Greenewood prospects will be drilled with the RC rig to test this 700 metre zone where mineralisation between Mainwood and Greenewood may well connect.”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com