Tyranna Resources Announces Drilling at Greenwood Gold Prospect

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) reported the commencement of diamond drilling at the Greenwood gold prospect by the Western Gawler Craton Joint Venture.

The Greenwood prospect is located approximately 37km north of the Challenger Gold Mine and part of the larger Jumbuck Gold Project in the Northern Gawler Block of South Australia.

Tyranna Resources said that approximately 1,000 metres of diamond drilling is underway to follow up the company’s grass roots gold discovery at the Greenewood gold prospect where recent high-grade reverse circulation (RC) drilling results were reported including:

From scissor hole 020
22 metres at 4.03 grams per tonne gold from 50m, including 1m at 20.4g/t gold 51 to 52m, including 1m at 36.9g/t gold from 55 to 56m; and

Hole 031 into fresh rock (primary zone) 
10m at 5.16g/t gold from 31m, including 1m at 29.4g/t gold from 36m, including 1m at 7g/t gold from 37m.

Tyranna Resources outlined the reasons the JV had to back up this drilling program to include a follow up of recent RC drilling depth penetration difficulties and to extend depth extension of primary zone fresh rock where the recent pipe like structures were located.

The JV also hopes to gain accurate structural information to update the current resource model.

HQ sized core will be drilled to provide samples for geological, metallurgical and mining studies.

“Tyranna completed a highly successful drilling program in the first half of 2016, which resulted in the discovery known as the Greenewood gold prospect located within the Jumbuck gold project,” the company said in its ASX announcement.

“This is the first grass roots discovery in the Jumbuck gold project area in over 15 years.

“After interpretation of the RC results of recent exploration drilling by Tyranna geologists, it became apparent that the next logical step was to commence the diamond drilling program to improve the understanding of the structural constraints of the mineralisation.”

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) (TYX 75% – WPG 25%) and Coombedown Resources Pty Ltd.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com