Gold explorer Tyranna Resources Limited (ASX: TYX) has reported an intersection of 10m at 5.16g/t Au from 31 metres in the primary zone of the Greenwood Gold Prospect in South Australia.
Tyranna is the manager of Western Gawler Craton Joint Venture and the Greenwood Gold Prospect, located approximately 37km north of the Challenger Gold Mine and part of the larger Jumbuck Gold Project in the Northern Gawler Block.
The company reported that it now has final results from39 reverse circulation (RC) drill holes completed at the Greenwood Gold Prospect.
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Managing Direcrtor Bruno Seneque said drilling at Greenewood comprised of 39 holes for 2,340 metres and the confirmation of gold assays confirm the underlying RAB geochemistry.
He said the most significant results came from hole 031 which intersected 10m at 5.16g/t Au from 31 metres in the primary zone. This hole was drilled to intersect the same lithological structure as in hole 073 which intersected 8m at 3.35g/t Au from 55 metres in the primary zone.
However, Hole 031 failed to achieve target depth and was truncated at 45 metres. This area at the northern extent of the mineralised envelope appears to be a secondary pipe like structure.
Mr Seneque said Hole 032 has noted the unprecedented occurrence of mineralisation in the upper saprolite. To date in excess of 100 holes have been drilled in the Greenewood mineralised zone and no such occurrence of mineralisation has been intercepted at this depth.
Diamond drilling is planned to test the area around hole 031 to confirm the existence of a repeat high grade pipe like structure similar to that discovered in a previous campaign.