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Tyranna Resources begins exploration of key nickel-copper targets at Dragon & Knight Project

Last updated: 15:24 24 Nov 2020 AEDT, First published: 15:09 24 Nov 2020 AEDT

Tyranna Resources Ltd - Tyranna Resources commences exploration at key nickel-copper targets at Dragon & Knight Project
Assay results are expected in December

Tyranna Resources Ltd (ASX:TYX) has started exploration, including a comprehensive soil sampling campaign, at the Dragon & Knight Project in Western Australia.

The work is investigating the nickel-copper potential at two priority targets - Lightning Gossan and Bullseye Anomaly.

Tyranna aims to gather necessary field data to aid in developing an inaugural drilling campaign slated for the first half of 2021.

Director Joe Graziano said: “The board is delighted that exploration has commenced at the Dragon and Knight Project investigating the nickel-copper potential at the two priority targets.

“Assay results are expected in December and the company will provide updates when results are available.”

Lightning Gossan Prospect

In mid-July the company identified several key positive features for Lightning Gossan Prospect within the southeast part of the Knight Project which demonstrate the exploration upside, comprising:

  • It is along strike from St George Mining Ltd’s (ASX:SGQ) Fish Hook prospect and is interpreted to have similar mineralisation based on extensive historic surface sampling with assays up to 7,600 parts per million nickel, 5,700 ppm copper and 1,140 ppm zinc;
  • Five shallow historic drill holes by CRA Exploration intersected the structure producing assayed intercepts up to 4 metres at 1,925 ppm nickel from 16 metres including 2 metres at 2,290 ppm nickel with the potential to hit high-grade sulphide mineralisation similar to that found at SGQ’s Mt Alexander project; and
  • Geophysics interpretation confirming there is a standout anomaly, which aligns with the surface sampling and drilling assay results.

Bullseye Anomaly

The Bullseye Anomaly in the northern part of the tenure was identified through a review of several historic reports by companies searching for gold.

While the efforts to locate gold mineralisation were unsuccessful, historical assayed soil samples returned up to 1,330 parts per billion nickel and 1,440 ppb copper.

Additionally, results from a 2006 reverse circulation drilling campaign were up to 210 ppm nickel and 750 ppm copper.

Notably, the underlying geology at the anomaly is interpreted to be similar to the Lightning Gossan and Fish Hook prospects.

Lightning Gossan Project and Bullseye anomaly within the Knight Project.

Focused exploration program

As previous exploration at the Bullseye Anomaly and Lightning Gossan was relatively inconclusive, Tyranna’s exploration activities will include a step-out soil sampling program at Bullseye Anomaly together with a mapping and rock chip sampling program across the Northern Dyke to investigate the extent of nickel-copper anomalism in the area.

Additionally, an infill soil sampling program at the Lightning Gossan Prospect together with geological and structural mapping will aid developing targets for future exploration drilling.

Assay results from these activities are expected in December.

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