Tyranna Resources confirms Supergene blanket at Campfire Bore JV

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) has received final of assay results from reverse circulation (RC) holes and diamond drilling carried out at the Campfire Bore gold prospect.

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) and Coombedown Resources.

The Campfire Bore prospect is located approximately 42 kilometres from the Challenger gold mine and is part of the large Jumbuck gold project in the Northern Gawler Block of South Australia.

Phase 2 drilling for 2016 at the Campfire Bore prospect consisted 37 RC holes for 2,658 metres, and one Diamond Hole completed for 100m.

According to Tyranna and the JV partners, drilling to date at Campfire Bore has delineated a consistent supergene gold blanket at the transition zone between the oxidised and fresh rock boundary.

This is claimed to be evident from multiple drill intercepts with grades greater than 30 grams per tonne gold that have been attributed to supergene enrichment, including:

16CBRC022
1m at 37.8g/t gold from 47m;

16CBRC015
1m at 36.8g/t gold from 42m;

16CBRC038
1m at 30.8g/t gold from 56m; and

16CBRC029
1m at 30.5g/t gold from 41m.

Tyranna said it had been encouraged by the results of this program of drilling, saying it proves the mineralised structure extends below the supergene blanket and into a primary zone.

The company acknowledged that deeper drilling is required to extend the gold zone and thus increase resource potential.

Diamond hole 16CBDH001 returned an intersection of 19m at 1.01g/t gold from 37m, including 7m at 1.9g/t gold from 37m.

Closer examination in the shape of sampling of 1m intervals from the mineralised zone evident from this diamond hole did not replicate the mineralised structures known as the ‘blue quartz vein’, which ranges from 10cm to 60cm in length.

Tyranna indicated a new sampling program will be undertaken to sample only the blue quartz veins in the mineralised structures to show a true reflection of the irregular distribution of the nuggety gold which is similar to the gold mineralisation at the Challenger gold mine.

“The sampling of the Diamond Drill core at one metre sections, while showing the consistency of the structure, did dilute some of the high-grade gold hits that are visible in the core,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.

“Notwithstanding that, the JV is very encouraged that the drill program continues to enhance this gold prospect and we are very keen to extend this discovery in 2017.”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com