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Tyranna Resources see potential to grow gold at Wilcherry Project

The objective is to establish a gold deposit large enough to support a mining operation.

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The companys owns 20.99% in the JV alongside Alliance Resources

Tyranna Resources Ltd (ASX:TYX) and Alliance Resources Ltd (ASX:AGS) have received aircore drill results from the Weednanna East prospect within the Wilcherry Project, South Australia.

85 shallow holes for 3,010 metres were drilled in first-pass testing to extend known gold at the Weednanna East prospect.

Notably, four holes returned greater than 100 ppb gold with the best results being 2 metres at 1.31 g/t gold from 49 metres.

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

Weednanna East is the first regional gold exploration target to be tested proximal to the Weednanna gold deposit.

The Weednanna gold deposit measures 1.097 million tonnes grading 5.1 g/t gold for 181,000 ounces of gold.

READ: Tyranna Resources reveals gold at Weednanna North Prospect

Weednanna East is one of multiple emerging exploration prospects within the Wilcherry Project.

Last week, historical iron ore drill samples were reanalysed 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.

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ASX:TYX
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Market Cap: $3.77 m
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