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.
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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.