Search

Tyranna/Alliance produce maiden gold resource

Tyranna Resources has added more gold to its armoury after partner Alliance Resources posted a maiden high grade resource for the Weednanna Gold Deposit at the Wilcherry JV project in South Australia.

Alliance, who holds 75.01% of the project, said the deposit has a Mineral Resource of 1.1 million tonnes grading 5.1 grams per tonne gold, or 181,000 ounces.

About 45% of this is in the higher confidence “indicated” category.

The resource covers an area of about 1,100m by 500m down to a maximum depth of 200m with about 83% of the resource occurring within 120 metres of surface.

The company says there is still potential to increase the resource too with a further drilling program as all 13 modelled gold shoots remain open in at least one direction.

In addition, there are zones within the top 100m of the resource area that lack drilling and could host new gold shoots based on historical activity.

Alliance plans to carry out extensional drilling to identify additional gold mineralisation, infill the resource and upgrade it from inferred to the indicated.

Weednanna is located 105km west northwest of Whyalla and 40km north northeast of Kimba in the southern part of the Gawler Craton in South Australia.

It will be interesting to see how much bigger Weednanna can get as Alliance/Tyranna continue to turn the drill bit.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
312thGold Road Resources1%54%
435thChalice Gold Mines-14%0%
440thTyranna Resources-15%-43%
568thImpact Minerals-33%-21%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

26/04/18
$10k Bought
26/04/18
$10k Bought
26/04/18
$10k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

135th↑Cleveland Mining Company$699k
136th↓Chalice Gold Mines$693k
137th↓Tyranna Resources$674k
138th↓Impact Minerals$670k
139th↑Gold Road Resources$665k
512 listed resources companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer