Tyranna Resources Ltd (ASX:TYX) non-executive director Joseph S Pinto has demonstrated his confidence in the company’s gold strategy with the purchase of shares in two on-market transactions.
The transactions were made on January 7 and 11, with Pinto acquiring 605,444 shares and 3.528 million shares respectively.
These two on-market purchases have a combined value consideration of $28,935 and take the number of shares Pinto holds in an indirect interest to more than 74 million.
Dragon & Knight Project exploration
At the end of November, the company started exploration, including a comprehensive soil sampling campaign, at the Dragon & Knight Project in Western Australia.
The work is investigating the nickel-copper potential at two priority targets - Lightning Gossan and Bullseye Anomaly.
Tyranna aims to gather necessary field data to aid in developing an inaugural drilling campaign slated for the first half of 2021.
Director Joe Graziano said: “The board is delighted that exploration has commenced at the Dragon and Knight Project investigating the nickel-copper potential at the two priority targets.
“Assay results are expected and the company will provide updates when results are available.”