Tyranna Resources encounters highest gold grades to date at Campfire Bore

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) announced assay results from the final 13 reverse circulation (RC) holes drilled at the Camp Fire Bore prospect, located near the Challenger gold mine and 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.

Drilling of holes 16CBRC021 to 16CBRC033 was undertaken to test the northern extension of gold mineralisation at Campfire Bore in an area previously only tested by broad spaced scout RAB drilling by previous explorers.

Tyranna explained that this was also the first prospect to be drilled using re-interpreted geochemical data, adding it considered the results to be highly encouraging.

The latest results have recorded further intercepts, which include:

16CBRC033
3 metres at 8.2 grams per tonne gold;

16CBRC022
1m at 37.8g/t gold; and

16CBRC029
1m at 30.5g/t gold.

Tyranna explained these gold intersections extended the mineralised strike extent by 750m to define a minimum total strike length of 1.25km at Campfire Bore.

The company declared the northern most intersection of 1m at 30.5g/t gold has demonstrated the structure is still open to the north.

As drilling has not yet exceeded 50 vertical metres, the company is convinced depth potential remains open, providing it with an extensive set of new, deeper targets for drilling in the second half of 2016.

“These encouraging results prove our understanding of this gold province is progressing,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.

“I am extremely optimistic about the next round of drilling.”

Tyranna indicated drilling will re-commence within the current quarter with a program being planned to test multiple targets generated by the latest round of drilling at Mainwood-Greenewood and Campfire Bore.

This will include testing of these structures at depth and along strike as well as numerous other targets derived from the re-interpretation of geochemical data.

Email: info@tyrannaresources.com.au

Website: www.tyrannaresources.com.au