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Tyranna Resources JV partner surveying Wilcherry for gold potential

A maiden gold resource is in the process of being estimated at the project.
drill rig on site with plane flying over head
A total of 18,946 line kilometres is planned to be surveyed from the air

Tyranna Resources Ltd’s (ASX:TYX) joint venture partner Alliance Resources Ltd (ASX:AGS) has commenced an airborne survey over the Wilcherry Project in South Australia.

The high-resolution airborne magnetic and radiometric survey will be targeting gold potential.

Survey data will be used to better define the regional structures and magnetic iron formations with the potential to host gold similar to Weednanna, the most advanced gold prospect at Wilcherry.

READ: Tyranna Resources has new substantial shareholder

Tyranna has a 24.99% interest in the 1,200 square kilometre Wilcherry joint venture alongside 75.01% operator Alliance.

The Weednanna prospect hosts high-grade gold shoots that are associated with a calc-silicate and magnetite skarn system.

Planned work includes establishing a maiden mineral resource estimate in the December half of 2018, together with a staged program of metallurgical work.

The outcomes of both work streams, if positive, will feed into a scoping study.

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