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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

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