Tyranna Resources announce Jumbuck exploration program

   Tyranna Resources Limited {ASX: TYX}

As manager of the Western Gawler Craton Joint Venture (WGCJV) which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty Ltd announced that the second half exploration campaign will commence during mid-August 2018.

 

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Tyranna Resources MD Bruno Seneque presents to the City Investors Circle London.

 

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JUMBUCK GOLD PROJECT – EXPLORATION PROGRAM AND
ORE PROCESSING PLANS

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Highlights:
 Tyranna increases ownership of Western Gawler Craton Joint Venture
 Tyranna and WPG agree to commence discussion of ore processing terms
 Drill rigs and team to mobilise to site mid-August

 Campfire Bore gold infill drilling in preparation for feasibility study
 South Hilga gold prospect to be drilled for the first time by Tyranna
 Tyranna sole funding the joint venture exploration program
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The Directors of Tyranna Resources Limited {ASX: TYX}  as manager of the Western
Gawler Craton Joint Venture (WGCJV) which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty Ltd are pleased to announce that the second half exploration campaign will commence during mid-August 2018.

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Following a meeting of the WGCJV, Tyranna (through its wholly owned subsidiary – Half Moon Pty Ltd) has increased its interest as at 30 June 2018 in the WGCJV as follows:
– Northern Jumbuck to 70.2%
– Southern Jumbuck to 78.01%.

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Tyranna has increased its interest in the WGCJV by sole funding expenditure for the first half of 2018 calendar year and will be sole funding expenditure for the second half of the 2018 calendar year.

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In summary, Tyranna will be focused on an infill RC/diamond drilling campaign at the Campfire Bore gold prospect. Campfire Bore has demonstrated the best potential economic viability of all the Jumbuck gold prospects and is on a path towards feasibility. Tyranna will conduct a maiden RC drilling program at the South Hilga gold prospect which has impressive historical RAB drilling results