Sign up Australia
Proactive Investors - Run By Investors For Investors

Tyranna Resources' partner reveals broad zones of high-grade gold from Wilcherry

Drilling revealed 60 metres at 5.65g/t gold from 47 metres.
Tyranna Resources' partner reveals broad zones of high-grade gold from Wilcherry
More drilling will be underway in October

Tyranna Resources Ltd's (ASX:TYX) (49%) joint venture partner Alliance Resources Ltd (ASX:AGS) (51%) has delivered some high-grade gold intercepts from reverse circulation drilling at the Weednanna gold prospect.

The prospect is part of the Wilcherry Project in South Australia.

The importance of the results is their broad, near-surface nature, such as: 60 metres at 5.65g/t gold from 47 metres; 30 metres at 2.95g/t gold from 53 metres; and 41 metres at 1.62g/t gold from 44 metres.

These were supported by high grade intersections, including: 16 metres at 7.66g/t gold from 81 metres; and 7 metres at 12.15g/t gold from 153 metres.

The results confirm the high-grade gold shoots are ovoid to rod-like in geometry and have continuity along strike.

The program covered 25 holes for just over 4000 metres, with further drilling planned at Weednanna in October 2017.

Tyranna and Alliance

Alliance also holds a direct 17.8% stake in Tyranna's listed equity.

View full TYX profile View Profile

Tyranna Resources Ltd Timeline

Related Articles

June 13 2018
Lac Guéret Extensions is adjacent to one of the highest grade graphite projects in the world
The board of Carube boasts several decades of copper exploration and development experience between them
project works
September 11 2018
The project is close to underutilised rail, road and gas infrastructure with access to key Asian markets through the Port of Darwin.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use