Tyranna Resources Ltd (ASX:TYX) (FRA:IRN) non-executive director Joseph S Pinto has demonstrated his faith in the company’s nickel exploration strategy with an on-market purchase of shares.
On May 4 Pinto acquired 4 million shares worth $28,000 in an indirect interest, increasing the number of securities held to 82 million shares.
Field-work on three target areas begins
On April 23 the company highlighted its plan to take the next step in advancing the Dragon & Knight Project in Western Australia’s eastern Wheatbelt region with fieldwork about to begin.
Work will start on the Dragon tenement focusing on gridded, soil sampling of three selected target areas covering the Southern Dykes area as well as the ultramafic shear and fault zones.
In addition to the soil sampling, there will be an extensive field reconnaissance and rock chip sampling program covering the remaining tenement area with the view to possibly locate additional target areas for future follow-up work.
Two field crews each comprised of one geologist and one field technician have been deployed to begin work on the soil sampling and field reconnaissance programs.