Tyranna Resources encounters gold extension at Greenewood

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THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) announced assay results from a further 11 reverse circulation (RC) holes drilled at the Greenewood gold prospect.

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) and Coombedown Resources, located approximately 37 kilometres from the Challenger gold mine and part of Tyranna’s large Jumbuck gold project in the Northern Gawler Block of South Australia.

Best Intersections from the latest drilling include:

16GWRC038
14 metres at 5.79 grams per tonne gold from 35m, including 6m at 11.48g/t gold from 35m;

16GWRC040
8m at 4.08g/t gold from 20m, including 1m at 23.4g/t gold from 27m.

Tyranna said Holes 16GWRC030 to 16GWRC041 were drilled to test down dip of previously established gold mineralisation as well as a possible southern extension to the prospect.

Hole 16GWRC038 was drilled beneath 16GWRC012, which intercepted 3m at 2.43g/t gold, and proved the down dip continuity with the 14m intercept above.

The drilling has now established mineralisation along a continuous structure 50m down dip and remains open.

16GWRC038 also intersected a lower zone of mineralisation with a grade of 2m at 2.41g/t gold from 64m.

This low grade corridor has matched up with the low grade corridor on section A-B and has been interpreted as a potential second horizon at Greenewood.

The total strike length of the Greenewood prospect has now been extended to 340m as a result of the intercept achieved by hole 16GWRC040.

“It is worth reiterating that the Greenewood prospect is highly significant in that it is the first discovery in 18 years in the area and the first discovery to occur beneath a surface where no calcrete has been developed and, therefore, no geochemical signature exists as a guide to drilling,” Tyranna Resources said in its ASX announcement.

“This is opening up a new prospect generation model which Tyranna is pioneering in the region.

“Encouragingly, this latest intercept (hole 038) is of the same level of grade and thickness as the discovery intercepts that came from the Challenger discovery resulting in the Challenger gold mine (owned by WPG Resources).”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com