26/11/2019 - 14:22

Tyranna to focus on WA nickel play

26/11/2019 - 14:22

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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.

ASX-listed Tyranna Resources has conducted a full review of its Knight nickel project in WA, that the company says may have significant exploration upside and 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.

Xplore has advised Tyranna that its new acquisitions are highly prospective with an aggregate 44-kilometer zone that appears to have the right geological makeup to potentially host nickel-copper sulphide mineralisation.

Xplore has nominated a swathe of targets that require follow up.

Tyranna says that St George’s prospective mineralised structures and geological units extend onto its ground, which appear to be confirmed by observations in geophysical magnetic surveys.

As part of the review, historical data across the region was analysed to glean an insight into the mineral prospectivity of the Knight project.

Xplore identified priority target areas that play host to elevated nickel-copper numbers identified from surface sampling and drilling at the Lightning Gossan prospect that is located within the Knight project.

Lightning Gossan sits along strike from St George’s Fish Hook prospect and has some interesting surface sample assays peaking at around 7,600 parts per million nickel,  5,700ppm copper and 1,140ppm zinc.

Shallow drilling also intersected the Lightning Gossan with a four metre-wide nickel hit grading 1,925ppm from 16m.

 Tyranna’s Director, Joe Graziano said: “It is encouraging that our geology consultant has confirmed the 44km aggregate strike zones across the Dragon and Knight projects, as the underlying regional dykes potentially host significant nickel-copper mineralisation.”

 

“More importantly, the team have outlined priority targets which will be our focus areas once exploration gets underway.”

The company has now pulled together an exploration plan that will rapidly drive the Knight project towards its inaugural exploration field program.

Tyranna and Xplore will also be conducting a similar review of the Dragon project to mine some historical exploration data for noteworthy numbers.

The investment dollars have been pouring into this emerging nickel region with a notable increase in metres going into the ground following St George’s nickel intercepts that just keep on rolling in.  

Tyranna has a swathe of new targets to sink its exploration dollars into with lots of potential value hanging around.

Meanwhile, Sygnas has paid Tyranna a $50,000 option fee, which makes the $950,000 transaction binding – Sygnas will now acquire all of Tyranna’s interests in South Australian Jumbuck gold project.

 

Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au

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