The companies have completed phase 1 drilling at the Typhoon and Monsoon gold prospects which are located circa 39 kilometres south of the Challenger Gold Mine.
Phase 1 drilling at Typhoon and Monsoon consisted of 65 reverse circulation holes for 5,214 metres.
High grade intercepts from the drilling at Typhoon include:
- 13 metres at 3.88 g/t gold from 47 metres including 4 metres at 10.18 g/t gold; and
- 5 metres at 2.55 g/t gold from 70 metres including 1 metre at 7.5 g/t.
The drill assays from the Monsoon gold prospect is due in mid-June.
Tyranna is now in the process of submitting the initial samples for metallurgical test work to determine the suitability of leachable gold.
Drilling at Typhoon will resume in July 2017 and will focus on the strike extensions along the magnetic structure which is parallel to gold mineralisation intersected in recent drilling.
In January 2017, Tyranna revealed the maiden JORC 2012 inferred resource of 219,000 ounces of gold for the Jumbuck project.