THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) reported assays from an in-pit Reverse Circulation (RC) drilling program conducted at the company’s 100 per cent-owned Eureka gold project outside of Kalgoorlie in Western Australia.
Best results included:
5 metres at 25.6 grams per tonne gold from 33m, including 1m at 89.7g/t gold from 34m;
7m at 3g/t gold from 39m;
12m at 2.6g/t gold from 20m, including 1m at 15.8g/t gold from 26m;
5m at 3.7g/t gold from 23m, including 1m at 13.5g/t gold from 24m; and
9m at 2.5g/t gold from 12m.
Tyranna Resources emphasised the result from hole 19ERC12, claiming it had returned the highest ever grade intersected in the history of the Eureka mine at 1m at 89.7g/t gold, adding that a repeat assay returned 1m at 117.3g/t gold.
This hole also ended in mineralisation with the end of hole (EOH) grade of 1m at 6.7g/t gold.
Tyranna interpreted this result to indicate mineralisation remains open.
The program consisted 23 holes drilled inside the potential production area with 35 per cent of the holes returning an average intercept of seven metres greater than 2g/t gold.
Tyranna said it was also encouraged by four of the holes ending in mineralisation which will require follow up drilling.
“The drilling program has no doubt increased our geological confidence in the Eureka mineralisation,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.
“We are particularly pleased with the spectacular grades intersected in multiple holes.
“The drilling results have given the company the confidence to push on with the objective of monetising our asset and unlocking the extensional and exploration potential on our Eureka mining leases.”