logo-loader

Tyranna Resources commences drilling at gold project

Published: 01:44 20 Sep 2018 BST

location map of jumbuck project
An opportunity has arisen as WPG Resources Ltd entered administration

Tyranna Resources Ltd (ASX:TYX) has commenced reverse circulation (RC) drilling at its Campfire Bore Gold Prospect within its Jumbuck Gold Project in South Australia.

Notably, Campfire Bore is 40 kilometres north of the Challenger Gold Mine, which is owned by 20% joint venture partner in the Jumbuck project, WPG Resources Ltd (ASX:WPG).

The Campfire Bore drilling program will proceed with 2,000 metres of infill RC drilling.

The focus of this drilling campaign will be to complete infill drilling to upgrade the JORC status of Campfire Bore from the inferred to indicated category.

READ: Tyranna Resources JV partner Alliance Resources debuts 181,000-ounce Wilcherry maiden in South Australia

Recently, WPG Resources appointed administrators and receivers, presenting a potential opportunity for Tyranna.

Tyranna has revealed that it has been in consultation with relevant stakeholders including the appointed receivers and managers and the administrator of WPG.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

2 hours, 51 minutes ago