Tyranna Resources Encounters High-Grade gold at Typhoon

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) announced drilling has been completed (Phase 1) at Typhoon and Monsoon gold prospects, which are located approximately 39km south of the Challenger gold mine and part of the company’s larger Jumbuck gold project in the Northern Gawler Block of South Australia.

Tyranna Resources conducted the drilling in its role as manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) (TYX 72% – WPG 28%).

The company said that final one-metre re-splits have been received for holes 17TYRC012 and 013, from which high-grade gold results have been validated by acceptable comparison with four-metre composites which were announced in April 2017.

High-grade intercepts include:

17TYRC012
13 metres at 3.88 grams per tonne gold from 47m, including 4m at 10.18g/t gold; and

17TYRC013
5m at 2.55g/t gold from 70m, including 1m at 7.5g/t gold.

The outstanding result from hole 17TYRC012 occurs at the BOPO (Base of Partial Oxidisation),” Tyranna Resources said in its ASX announcement.

“The BOPO is commonly where supergene mineralisation has been observed by Tyranna geologists and also occurs at the Golf Bore, Campfire Bore and Greenwood gold prospects.

“This BOPO is used by the geologists as a marker horizon that is indicative of the supergene enriched areas that for example, commonly carry grades of greater than 2 grams per tonne gold over widths of four metres.”

Tyranna is now in the process of submitting the initial BOPO samples for metallurgical test work to determine the suitability of leachable gold in the BOPO horizon.

Drilling at Typhoon is scheduled to recommence in July 2017, focussing on strike extensions to the northeast and south-west along the magnetic structure, which is parallel to gold mineralisation intersected in recent drilling by Tyranna.

The Phase 1 drilling at Typhoon and Monsoon consisted of 65 RC holes for 5,214 metres.

Assays from the Monsoon phase 1 drilling campaign are in progress, which Tyranna indicated would be announced upon receipt of final assays from the independent laboratory.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com