Sign up Australia
Proactive Investors - Run By Investors For Investors

Tyranna Resources shares in drilling success at Wilcherry Project

Tyranna has a 49% share in the joint venture that owns the Wilcherry Project.
map of South Australia
Tyranna is also the largest shareholder of Kairos Minerals

Tyranna Resources (ASX:TYX) and its joint venture partner Alliance Resources (ASX:AGS) have received assay results from diamond drilling at their Wilcherry Project in South Australia.

During July and August, three diamond holes for 1,029 metres were drilled at the Zealous and Telephone Dam prospects to test electromagnetic (EM) conductors.

Best results include 12.7 metres at 3.9% lead, 0.2% zinc and 114 g/t silver from 65.8 metres at the Telephone Dam zinc-lead-silver prospect.

Furthermore, levels of up to 457 ppm copper were assayed at the Zealous tin prospect.

Four more EM target areas are planned to be reverse circulation drill tested during October, with the remainder in the first half of 2018.

Drill result details

Best results from Telephone Damn include:

- 12.7 metres at 3.9% lead, 0.2% zinc and 114 g/t silver from 65.8 metres including 5.6 metres at 6.8% lead, 0.2% zinc and 209 g/t silver.

Best results from Zealous include:

- 8 metres at 457ppm copper from 160.5 metres.

No significant tin results, however, it is uncertain if targeted conductors have been effectively tested.

Zealous remains an encouraging target for tin with historic intersections including 7metres at 3.16% tin from 52 metres and 5 metres at 2.29% tin from 128 metres.

Tyranna making large gains from investment

Tyranna has been booking some gains recently as it is the largest shareholder of Kairos Minerals Limited (ASX:KAI) with a holding of 31.3 million shares.

Shares in Kairos have more than tripled over the past month due to the increased global interest in conglomerate hosted gold in the Pilbara region.

READ: Tyranna Resources is leveraged to conglomerate gold

View full TYX profile View Profile

Tyranna Resources Ltd Timeline

Related Articles

Royal Road Minerals' Nicaraguan ambitions starting to take shape
September 07 2017
Caza, which it has now bought, controlled land in the highly prospective but undeveloped gold belts of Nicaragua
Sayona Mining: Access latest PPT from Proactive's CEO Sessions
July 27 2017
Corey Nolan updated investors on lithium projects in Australia and Canada.
potash-delivery.jpg
July 31 2017
As well as RHA and Zulu, the firm has assets in Mozambique and a stake in private firm Circum Minerals

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 2017

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