A resource upgrade appears to be on the horizon for Kairos Minerals after receiving positive assay results from its RC drilling efforts at the company's 873,500-ounce Mt York gold project in Western Australia's Pilbara region. The explorer says its latest results are “highly encouraging” as it expects the broad grades to have a positive impact on the next resource estimate.
Tyranna Resources has sold a gold project in South Australia for $3 million, while fellow Perth-based explorer Hannans is purchasing assets in Western Australia.
Perth-based Tyranna Resources has received three competing proposals to buy its Jumbuck gold project in South Australia, with the bidders offering cash payments of $2 million or more.
Kairos Minerals has jumped into a large-scale exploration program across the Pilbara as it looks to replicate DeGrey Mining's stunning Hemi gold discovery just down the road. The move comes hot on the heels of Kairos' successful $4.2 million capital raise last month. Exploration will focus on the Kangan, Mt Yorke and Fuego targets with drilling scheduled to commence in July.
After shedding its non-core assets to focus on the Dragon & Knight nickel projects in the Goldfields, Tyranna Resources is pulling out all stops to set some smart drill targets. The company said this week it has unearthed a trove of historical geophysical survey datasets that have led to at least two priority targets being identified at Lightning Gossan and the east-west trending regional dykes.
Tyranna Resources says it is not currently in a position to consider Marmota Limited's bid for its Jumbuck gold project in South Australia's gold-rich Gawler Craton after taking legal advice that will see it first deal with an earlier offer from ASX-listed Syngas that has been slow to settle. Whilst the Marmota bid appears to have fewer conditions, Tyranna said it was compelled by binding exclusivity obligations to first deal with the Syngas offer.
Tyranna Resources has its sights firmly set on a plan to advance its Dragon and Knight nickel projects that lie about 30 to 40 kilometres east of St George Mining's Mt Alexander nickel project in the Goldfields of WA. The ASX-listed company has put together a grab bag of interesting looking nickel targets and is now planning to embark on a maiden exploration program in the region.
Alicanto Minerals has exercised its option to acquire Zaffer Australian which owns the Oxberg and Naverberg Volcanogenic Massive Sulphide Projects within the highly endowed Cu-Au-Zn-Pb-Ag Bergslage
ASX-listed Tyranna Resources has conducted a full review of its Knight nickel project in WA, which the company says may have significant exploration upside that requires further investigation. Tyranna has teamed up with independent geological consultant, Xplore Resources to conduct a full review of the project that sits on geological structures linking directly along strike to St George Mining's successful nickel play next door at Mt Alexander.
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Tyranna Resources has picked up a couple of interesting nickel tenements in WA in addition to a NSW nickel-cobalt laterite play. The company will acquire unlisted, Clean Power Resources', prime nickel ground across two states. The WA projects are located in good nickel country with a total prospective strike length of over 30km across structures that link directly to St George Mining's successful nickel play at Mt Alexander.
Tyranna Resources has entered into a term sheet to divest its remaining South Australian gold assets, in a $1m sale of the 319,000-ounce Jumbuck gold project to Syngas. The company will now concentrate on its advanced Eureka gold project near Kalgoorlie in WA, which has a higher grade than the SA assets, is located on granted mining leases with excellent supporting infrastructure, including options for toll treating of ores nearby.
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Tyranna Resources has secured a mandate to progress with its plan to unlock early cash flow from its Eureka gold project near Kalgoorlie after defeating an attempt by major shareholder Central Iron Ore to replace the current management. The early mining opportunity is expected to generate a positive cash flow of about $2.6 million that the company will use to accelerate exploration at the project.
Tyranna Resources has completed a review of a restart study that confirms the potential to generate $2.6m in positive cash flow through an early mining opportunity at its Eureka gold project near Kalgoorlie. The project is expected to have capital costs of between $600,000 and $700,000 and will mine 60,500 tonnes of ore to produce 4057 ounces of gold at a diluted grade of 2.1g/t over two months.
Tyranna Resources is continuing its determined push to extract near-term cash flow from the Eureka gold project, 50km north of Kalgoorlie. Just weeks after releasing an updated mineral resource, Tyranna has now appointed mining consultant firm Entech to work out the best way to get Eureka into production via processing through one of the many mills in the region and is also planning the next phase of exploration.
Tyranna Resources has defined an updated mineral resource of 762,000 tonnes grading 1.8 grams per tonne gold, or 43,100 contained ounces, below the existing open pit at its Eureka gold project near Kalgoorlie. The resource remains open along strike to the north, south and at depth. The company plans to carry out near mine drilling, starting with the southern mining leases, to test for the mineralised potential.
Tyranna Resources' in-pit drilling at the Eureka gold project near Kalgoorlie has returned a 5 metre intersection grading 25.6 grams per tonne gold at depth that ended in mineralisation. The company said that more than a third of the 23 holes drilled returned ore grade intersections, with four of those holes ending in mineralisation. The results will be included within an updated resource model for the Eureka project.
Tyranna Resources has completed infill drilling at the mothballed Eureka gold project near Kalgoorlie and is in discussions with nearby processing mills for the sale of ore from potential mining at the project. The in-pit drilling campaign was aimed at confirming the continuity and grade of the mineralisation directly below the open pit floor to support the company's plan to recommence open pit mining at the project.
Tyranna Resources has identified a number of cobalt and base metal targets that indicate the potential for a much larger mineralised system around the historic Whale mine at its Goodsprings project near Las Vegas, Nevada. Some areas have coincident geochemical responses and are considered to be high priority targets. The company plans to carry out a drilling campaign later this year.
Tyranna Resources is poised to divest its remaining 18.59% interest in the non-core Wilcherry JV gold project in South Australia to partner Alliance Resources for a tidy $1.5m in cash. The sale will allow the company to focus on its Eureka gold project near Kalgoorlie, WA, the Jumbuck gold project in South Australia and the Goodsprings cobalt and base metals project in Nevada, USA.
Tyranna Resources' partner Alliance Resources has discovered a zone of gold anomalism from aircore drilling at the Weednanna East prospect of their Wilcherry JV project in South Australia. The magnitude and distribution of gold may be indicative of primary gold mineralisation and Alliance plans to carry out further drilling to better define the gold in regolith anomalies before carrying out bedrock drill testing.
Tyranna Resources' partner Alliance Resources has identified a new gold target within the Wilcherry JV project in South Australia after re-assaying historic iron ore drill samples. Better results from the re-analysis of drilling carried out by Ironclad Mining between 2008 and 2012 at the Weednanna North prospect included 8m @ 1.06g/t gold from 58m down-hole and 22m @ 0.34g/t gold from 42m.
Tyranna Resources has confirmed the presence of a high grade ore shoot beneath the existing pit at its Eureka gold project near Kalgoorlie, after drilling returned results including 1m @ 41.8g/t gold. Management will now complete an updated JORC mineral resource estimate before making a decision on whether to start a mining study into the feasibility of mining and toll treating at nearby mills.
Tyranna Resources' partner Alliance Resources has returned some impressive high-grade intersections including a long 20m intersection going 12.44g/t gold from the Weednanna gold prospect within the Wilcherry JV project in South Australia. More RC drilling will take place in December to upgrade resources in the eastern optimised pit area from the inferred to indicated confidence level.
Tyranna Resources has intersected near surface gold peaking at a top grade of 11.6g/t gold from resource drilling at the Campfire Bore prospect of its Jumbuck project in South Australia. The results keep the company on track to upgrade and increase confidence in the existing inferred mineral resource of 2.78Mt @ 1.2g/t gold for 109,000 ounces for Campfire Bore.
Tyranna Resources and JV partner Alliance Resources, have commenced a regional aircore drilling program at its interesting looking Weednanna East prospect this week. The prospect is 1km east of their Weednanna gold deposit that holds 1.1 million tonnes grading 5.1g/t gold for 181,000 ounces. The program will test existing gold soil anomalies and build on previous drilling, which returned elevated gold results adjacent to known northwest faults.
Tyranna Resources has discovered wide graphite mineralisation at sought after grades at the Yeltana prospect located only 125km from the port of Whyalla in South Australia. Results up to 21.05m @ 9.28% total graphitic carbon from 171.75m down-hole points to the deposit potentially having some scale. The company is planning to undertake mineralogical analyses of core samples for graphite flake size to assess the economic potential of the product.
Tyranna Resources' stream sampling has identified two encouraging cobalt-copper-zinc anomalies at its newly acquired Goodsprings cobalt and base metals project in Nevada. The company will carry out a geophysics program later this month before drilling up to five holes at the Whale trend to confirm the oreshoot, intersect potential mineralisation and drill through the postulated east-west fault.
Tyranna Resources has kicked off a highly anticipated drilling campaign aimed at bringing the historical mineral resource at its Eureka gold project near Kalgoorlie up to JORC-compliant standards. The company will then make a decision about kicking off a feasibility study to evaluate the opportunity of mining and toll treating the ore at nearby processing mills.
Tyranna Resources has started its resource development infill drilling program at the Jumbuck gold project, located west of BHP's Olympic Dam mine, in the highly prospective Western Gawler Craton in SA. The project has existing mineral resources of 8.7 million tonnes @ 1.1g/t gold for 319,000 ounces. The program will target the Campfire Bore prospect to upgrade the JORC status of the deposit's inferred mineral inventory totalling 109,000 ounces.
Tyranna Resources' partner Alliance Resources has recorded a maiden high grade mineral resource of 1.1 million tonnes grading a very respectable 5.1 grams per tonne gold at the Weednanna gold deposit within the Wilcherry JV project in South Australia. Alliance will carry out extensional drilling to identify additional gold mineralisation and it will infill drill in order to upgrade more of the inferred resource to indicated.
ASX listed Tyranna Resources is acquiring a cobalt and base metals project at the historic Goodsprings mining district near Las Vegas in southern Nevada that contains multiple copper, zinc, lead, gold and cobalt mines. The company plans to apply modern exploration and mining techniques to the project, where mines historically produced about 20 tonnes of ore with reported grades of between 6% and 29% cobalt in the 1920s.
Tyranna Resources has announced it is about to kick off a resource development drill program at the Eureka gold project north of Kalgoorlie, after acquiring the historic project outright earlier this month. The work will lead to the estimation of a JORC compliant mineral resource later this year. The company will then instigate a feasibility study to evaluate the opportunity for mining and toll-treating the ore.
Tyranna Resources has been steadily increasing its equity in the Western Gawler Craton JV with partner WPG Resources who owns the nearby Challenger gold mine. The parties are now in discussions about toll treating ore from their Jumbuck project at Challenger, creating a possible fast track to production for the junior explorer Tyranna. Drilling will commence at the Campfire Bore prospect soon ahead of a feasibility study.
Tyranna Resources has announced that nine additional zones of mineralisation have been modelled from a large number of gold intercepts found in an historical database at its Weednanna project, near Whyalla in S.A. Results up to 9m @ 25.1g/t gold from 7m depth and 7m @ 21.2g/t from 125m down-hole were identified. The company also said that a maiden resource estimate will be reported soon.
