Further drilling enhances Tyranna Resources’ Jumbuck project

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THE DRILL SERGEANT: Tyranna Resources (TYX: ASX) announced assay results from 12 reverse circulation (RC) holes drilled at the company’s new Greenewood gold discovery.

Greenewood is located approximately 800 metres north east of the Mainwood gold prospect – part of Tyranna’s Jumbuck project in the Northern Gawler Block of South Australia.

Tyranna explained the 12 holes (16GWRC001 to 16GWRC12) were drilled in response to the discovery of Greenewood, which it announced in June, on four lines, approximately 40m apart on either side of the strike of the initial discovery holes.

The drilling produced a number of strong gold intercepts over 200m strike with highlights including:

Hole 003
2 metres at 15.5 grams per tonne gold from 47m, including 1m at 20.55g/t and 6m at 2.17g/t gold from 36 m, including 1m at 7.14g/t gold;

Hole 011
3m at 8.26g/t gold from 26m, including 1m at 23.05g/t gold;

Hole 012
6m at 6.81g/t gold from 53m; and

Hole 006
3m at 3.16g/t gold from 42m, including 1m at 7.9g/t gold.

“These are exceptional results,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.

“This is the best drilling hit rate that we have seen anywhere in the region since the Challenger Mine discovery.”

Tyranna said the results were important in terms of ongoing exploration in the region as all the Greenewood gold intersections occur beneath a surface where no calcrete has been developed.

This means no geochemical signature exists as a guide to drilling.

The company believes this is the first instance of sub surface gold being discovered without the assistance of calcrete anomalism in this part of the Gawler Block.

Tyranna’s technical team has run a series of detailed geochemical tests on existing grid soil samples in the immediate Greenewood area and are well advanced in developing a new geochemical methodology for locating gold in areas, where calcrete formation is absent.

Such areas account for an extremely large proportion of the 8,000 square kilometres controlled by Tyranna.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com