Tyranna Resources kicks off Western Gawler Craton JV Drill Program
THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) announced the start of a Phase 3 exploration campaign has started with drillers mobilised at the Typhoon gold prospect with shallow calcrete drilling underway at the Greenewood – Mainwood gold prospects in South Australia.
Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) and Coombedown Resources Pty Ltd.
Tyranna is sole funding the exploration program for the first half of the 2017 calendar year, consolidating a 71 per cent interest in the JV based on past exploration expenditure it has previously sole funded.
The company said the Typhoon gold prospect, located 35 kilometres from the Challenger gold mine, will be drilled for the first time since Tyranna has been exploring at Jumbuck having just received access clearance.
The Monsoon gold prospect, located 1.5km to the east of Typhoon will be next in line and will be drilled after the drill rig finishes at Typhoon.
“The most exciting feature about the Monsoon gold prospect is an interpreted fold structure which is untested in parts,” Tyranna Resources said in its ASX announcement.
“At the Challenger gold mine, the hinges of the fold structure (fold hinge) at the M1 shoot hosts bonanza gold grades as this is understood to be an accumulation zone.”
The Black Knight gold prospect, located 37km south of Challenger, is in line for drilling after Monsoon.
The program will follow up new and un-drilled gold in calcrete anomalies discovered by Tyranna’s calcrete sampling program.
“After the drill rig has completed the program at the southern Jumbuck prospects, drilling will focus on the northern Jumbuck prospects – Greenewood and Campfire Bore,” Tyranna explained.
“Calcrete sampling has already commenced at the Greenewood/Campfire Bore project area and this type of sampling is considered to be a first pass project generation exercise to be followed up with RC drilling to be completed in the second half of CY2017.”
Email: info@tyrannaresources.com
Website: www.tyrannaresources.com