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.