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Tyranna Resources partner readies drilling program in mineral-rich Gawler Craton

Alliance Resources is well-funded with $9.5 million in cash.
Tyranna Resources partner readies drilling program in mineral-rich Gawler Craton
Wilcherry is located in South Australia

Tyranna Resources Ltd (ASX:TYX) (49%) is in a joint venture with Alliance Resources Ltd (ASX:AGS) (51%) at the Wilcherry Project, located in the mineral-rich Gawler Craton of South Australia.

Drilling of four regional ground moving loop electromagnetic targets is set to commence in mid-October.

Ground surveys over the remaining regional helicopter-borne electromagnetic conductors are also scheduled to commence next month to better define conductors for drill testing.

Alliance is cash-backed, as it held $9.5 million in cash at the end of June 2017, which is similar to its market cap.

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