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Tyranna Resources Ltd

Tyranna Resources receives assays from Jumbuck, first visible gold witnessed

Diamond drilling builds on 2017 drilling at the Campfire Bore prospect.

visible gold in drill core
Results will go towards a possible gold resource upgrade at these deposits

Tyranna Resources Ltd (ASX:TYX) has visually witnessed gold mineralisation in its recently drilled core at the Jumbuck Gold Project in South Australia.

Diamond drilling at the Campfire Bore prospect discovered visible gold in the mineralised primary zone which is the first ever occurrence of coarse gold that is visible to the naked eye.

3 holes at the Greenewood prospect and, 2 holes at Campfire Bore prospect have been completed with assay results received for two holes.

Assays feature 6 metres at 6.2 g/t gold

Assay results from two holes feature:

• 6 metres at 6.2 g/t gold from 47 metres including 1 metre at 30.6 g/t gold;
• 1.0 metre at 4.68 g/t gold from 75 metres;
• 25 metres at 1.0 g/t gold from 75 metres;
• 1.3 metres at 8.3 g/t gold from 128 metres; and
• 1.0 metre at 4.68 g/t gold from 75 metres.

Drill results will be used to update the current geological and resource block models.

Jumbuck Project surrounds operating Challenger Gold Mine

Tyranna holds 77% in the Jumbuck Project joint venture with WPG Resources Ltd (ASX:WPG) 23%.

The 9,762 square kilometre project surrounds the operating Challenger Gold Mine owned by WPG Resources.

Tyranna is targeting a 500,000-ounce gold resource for the project, building upon its current 219,000-ounce gold Inferred resource in place.

Expanding Jumbuck’s JORC resource

Results from the most recent round of diamond drilling will be incorporated into upgrading the current resource at the Campfire Bore and Greenewood gold deposits.

The latest drilling results have proven there is high-grade mineralisation within the primary zone at Campfire Bore.

Exploration in the future will target extensions to these zones and the delineation of additional high-grade zones.

Quick facts: Tyranna Resources Ltd

Price: $0.01

Market: ASX
Market Cap: $5.65 m
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