Proactive Investors - Run By Investors For Investors

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.

View full TYX profile View Profile

Tyranna Resources Ltd Timeline

Related Articles

Gold mining project development operations at West Wits Mining
April 09 2019
Sixty per cent of Mt Cecelia project’s boundaries are surrounded by Rio Tinto, which has upped its landholding in the region by 1,000%.
Drill pad preparation at Mt Freda complex in Queensland
May 01 2019
Its focus is on ground in Tier 1 provinces, such as on the Mt Freda complex in Queensland and an Olympic Dam structural corridor in South Australia.
1563446173_Bellevue-Gold---examining-core.jpg
Thu
High grade and an ongoing exploration program have generated considerable interest in Bellevue

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use