The Jumbuck Gold Project is a joint venture between Tyranna and WPG Resources (ASX:WPG), which owns and operates the Challenger gold mine and mill.
The Typhoon gold prospect is located less than 40 kilometres from the Challenger Gold Mine, which has produced in excess of 1 million ounces of gold to date.
Bruno Seneque, managing director, commented: “Very pleasing in the grades reported at shallow depths and especially encouraging is the reporting of higher grade found at the deeper levels of the drill holes such as #004 in this program.
While the ground conditions below these levels was poor, diamond drilling will ensure clearer indications of the mineralisation below.”
“We see a lot of potential in the Typhoon prospect and are looking forward to revealing that.”
Wide, shallow gold zones intersected
Tyranna’s stage 2 drilling at Typhoon was planned to follow up on a successful stage 1 drill program which resulted in multiple drill holes intersecting shallow high-grade gold intercepts.
The stage 2 results conclude the drilling program in the southern portion of the Jumbuck gold project, following the completion of 25 holes at Typhoon for 2,274 metres.
Stage 2 drilling highlights include:
- 11 metres at 2.72 g/t gold from 35 metres including 2 metres at 6.31 g/t gold;
- 12 metres at 1.58 g/t gold from 30 metres including 3 metres at 3.41 g/t gold;
- 4 metres at 5.74 g/t gold from 23 metres; and
- 3 metres at 4.23 g/t gold from 23 metres including 1 metre at 10.00 g/t gold.
Satellite mill feed potential
Significantly, Tyranna’s raw assay data results from stage 1 and 2 drilling at Typhoon is higher grade than the historical drilling intercepts.
Typhoon therefore has the potential to become a satellite mill feed located less than 40 kilometres from the Challenger Gold Operations.
Future attempts to intercept deeper high-grade mineralisation will be made via the use of diamond drilling.
Tyranna is currently sourcing a diamond drill rig for the next stage of drilling at the Jumbuck Gold Project.