Tyranna Resources encounters further high-grade gold at Jumbuck

THE DRILL SERGEANT: Tyranna Resources (ASX:TYX) has received a second batch of gold assay results from an ongoing reverse circulation drilling program being undertaken at the company’s Jumbuck gold project in the North Western Gawler Craton, South Australia.

Tyranna said the consistency of the results to date indicate they could add and extend the known near surface, high-grade, gold mineralisation at the Jumbuck prospect.

Recent results Include:

54 metres at 1.14 grams per tonne gold from surface, including 6m at 4.57g/t gold;

11m at 2.6g/t gold from 27m, including 4m at 5.64g/t gold;

9m at 1.75g/t gold from 24m, including 3m at 4.24g/t gold;

7m at 1.24g/t gold from 27m, including 2m at 3.14g/t gold;

4m at 3.62g/t gold from 27m, including 2m at 5.71g/t gold;

15m at 1.39g/t gold from 31m, including 1m at 11.7g/t gold; and

11m at 1.17g/t gold from 35m, including 1m at 5.9g/t gold.

“These multiple broad intersections (up to 54 metres wide) support the main objective of the current drilling program which is to extend the shallow resource at the Jumbuck project’s Golf Bore prospect with a view to early, low cost production,” Tyranna Resources said in its ASX announcment.

“The results are being incorporated into an upgraded resource estimate which will form the basis of an initial mining study aimed at shallow (less than 50m) open pit ore.

“Known deeper, high grade shoots (similar to Challenger gold mine) do exist and will be targeted by future drilling.

“A first pass metallurgical study is underway with the objectives of determining the gold amenable to gravity recovery and the parameters for oxide gold recovery through a standard cyanide leach processes.

“The metallurgical details will help establish the economic gold cut-off grade and hence the economic resource tonnes in the ultimate mining reserves.”

Email: info@tyrannaresources.com.au

Website: www.tyrannaresources.com.au