Tyranna Resources Announces Further Gold Hits at Greenwood

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX), in its role as manager of the Western Gawler Craton Joint Venture, announced results from reverse circulation (RC) drill holes completed at the Greenwood gold prospect, part of the larger Jumbuck gold project in the Northern Gawler Block of South Australia.

The Western Gawler Craton Joint Venture includes WPG Resources (ASX: WPG) (TYX 75% – WPG 25%) and Coombedown Resources Pty Ltd.

Highlights of thr drilling included:

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

Tyranna Resources said the drilling had identified a potential discovery of secondary pipe like structure, which has been interpreted by the company’s geologists to exhibit mineral assemblages similar to Hole 020 (results announced 1 November 2017) which intersected 22m at 4.03g/t gold.

“Of note is the outstanding result from hole 031 which intersected 10m at 5.16g/t gold from 31 metres in the primary zone,” Tyranna Resources said ini its ASX announcement.

“This hole was drilled to intersect the same lithological structure as in hole 073 which intersected 8m at 3.35g/t gold from 55 metres in the primary zone.

“Hole 031 failed to achieve target depth and was truncated at 45 metres.

“This area at the northern extent of the mineralised envelope appears to be a secondary pipe like structure.

“Hole 032 has noted the unprecedented occurrence of mineralisation in the upper saprolite.

“To date in excess of 100 holes have been drilled in the Greenewood mineralised zone and no such occurrence of mineralisation has been intercepted at this depth (i.e. from 6 to 10 metres downhole depth).”

Tyranna indicated that diamond drilling is now planned to test the area around Hole 031 to confirm the existence of a repeat high-grade pipe like structure like that discovered by Hole 020.

This work will be planned for the first half of 2018 following the completion of a diamond drilling program near Hole 020.

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com