viewTyranna Resources Ltd

Tyranna Resources reveals gold at Weednanna North Prospect

The Weednanna North Prospect is within the Wilcherry joint venture in South Australia.

south australia
Tyranna has a 20.099% interest in the joint venture

Tyranna Resources Ltd’s (ASX:TYX) joint venture partner Alliance Resources Ltd (ASX:AGS) has reanalysed historical iron ore drill samples to find gold at the Weednanna North Prospect.

Notably, the prospect is located 1,300 metres north of the Weednanna gold deposit measuring 1.097 million tonnes grading 5.1 g/t gold for 181,000 ounces of gold.

Of the historical drilling, there were 158 samples of over 0.1 g/t gold, and 11 holes with over 2.0 g/t sections.

Intersections included 8 metres at 1.06 g/t gold from 58 metres including 2 metres at 2.81 g/t gold.

READ: Tyranna Resources gears up for more positive exploration news in 2019

As the Weednanna North Prospect has not previously been drilled to target favourable structural positions that may host high-grade gold, these gold assay results confirm the gold prospectivity of the area.

They also indicate that this prospect is a priority gold exploration target that warrants further drill testing.

Quick facts: Tyranna Resources Ltd

Price: 0.005 AUD

Market: ASX
Market Cap: $5.28 m

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