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

Share Price

Closing price for the last 90 trading days
Powered by Morningstar ®

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Powered by Morningstar ®

Total Shareholder Return as at 31/12/19

1 year TSR5 year TSR
112thWest African Resources72%34%
776thTyranna Resources-65%-36%
813thParinga Resources-78%-25%
668 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Powered by Morningstar ®

Share Transactions

$10k Bought
$10k Bought
$10k Bought
Total value as at the date of the transaction
Powered by Morningstar ®


476th↓Tyranna Resources$0
479th↓West African Resources$0
480th↓Paringa Resources$14k
484 listed resources companies ranked by revenue.
Powered by Morningstar ®