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Tyranna Resources set to begin resource definition drilling at Eureka Gold Project

Published: 02:26 15 Aug 2018 BST

open pit
Targeting high-grade ore shoot beneath the Eureka open pit

Tyranna Resources Ltd (ASX:TYX) has engaged a drilling contractor to complete a resource/reserve definition drilling campaign at its Eureka Gold Project in Western Australia.

Drilling is planned to commence in mid-September and is aimed to bring the historical resource in compliance with JORC 2012.

It is expected the program will take about three to four weeks to complete and will comprise 20 holes for about 3,200 metres of drilling.

The drilling program is designed to intersect an interpreted high-grade ore shoot beneath the pit to enable the re-estimation of a mineral resource.

Eureka open pit mine – Interpreted high-grade ore shoot

Tyranna managing director Bruno Seneque said: “We are delighted we have full control by owning the Eureka Gold Project 100%.

“The company plans to systematically unlock the gold production potential of this exciting gold asset. The drilling program will be the first step forward.

“We are located in one of the world’s premier mining districts and surrounded by toll processing facilities and first-class infrastructure.”

READ: Tyranna Resources lifts stake in Jumbuck and plans next gold exploration

Following an updated resource estimate, a decision will be made to commence a feasibility study to evaluate the opportunity of mining and toll treating to nearby processing mills.

This drilling campaign was initially planned for March/April 2018 but has been delayed due to bad weather experienced during tribute mining which restricted drill access from within the pit.

Tribute mining is now completed.

READ: Tyranna Resources JV partner surveying Wilcherry for gold potential

Previous miners at Eureka only took the near-surface material, however, potential high-grade shoots beneath have been identified that may have the potential to expand the resource.

History has demonstrated that often the best place to find more gold is where gold has been found and mined before.

Tyranna remains confident that modern techniques and deeper drilling may bring about further success at Eureka.

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