Tyranna Resources: Extensive Base Soil Geochemical Anomalies Defined at Goodsprings Project, Nevada USA.

(firmenpresse) -
EXTENSIVE BASE METAL SOIL GEOCHEMICAL ANOMALIES DEFINED AT GOODSPRINGS PROJECT, NEVADA USA.

Highlights

- 7.64% Cobalt(Co) returned from sample collected at the Whale Mine during the due diligence
- Stream sediment sampling totalling 902 samples defines 2 main Co targets
- Soil sampling defines 2 strong coincident sub-parallel Cu-Zn-Pb anomalies at the Whale Mine over a 4km strike
- Photogeological interpretation across the claim block to define structural controls and generate targets is close to completion
- Stage 2 soils/stream sediment sampling scheduled for the June Quarter
- Ground consolidation in advance negotiations

Tyranna Resources Limited (ASX: TYX) (Tyranna or the Company), previously announced that it had entered into a binding option agreement to acquire private company, US Cobalt Pty Ltd (US Cobalt), the owner of Goodsprings Cobalt and Base Metals Project, located in the State of Nevada, USA. The US Cobalt acquisition is part of Tyrannas minerals exploration diversification strategy aimed at capitalising on the battery minerals revolution which has seen the rapid rise in the LME price of Cobalt (from US$23,000/ton in March 2016 to US$91,000/ton.
http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.001.jpeg


Figure 1. Goodsprings Cobalt & Base Metals Project Location Map

Tyranna has received highly encouraging XRF results for the initial stream sediment sampling and follow up soil sampling programmes at Goodsprings. The initial stream sediment programme highlighted 2 main Co anomalous zones at the Whale Mine and the Rose Mine. It is coincident with Cu, Pb and Zn at the Whale Mine and Cu and Pb to the south of the Rose Mine (Figures 2 to 5).

During due diligence at the Whale Mine a grab sample of dump material returned 7.64% Co. Other samples taken at the same time at the Whale Mine returned up to 22.5% Cu, 1.37% Pb and >30% Zn reflecting the polymetallic nature of the mineralisation.

Soil sampling was completed across the anomalous zones defined by the stream sediment sampling at both the Whale and Rose Mines (Figures 6 to 8). Sampling was completed using a handheld XRF analyser on a 100m N-S x 20m E-W grid.

At the Whale Mine the sampling has defined sub-parallel, NE trending, Cu-Pb-Zn anomalism over a strike length of 4km. The eastern most of the anomalies remains open to the NE. Recent alluvium covers a large portion of the area to the south of the anomaly. Previous reconnaissance geological mapping has identified the presence mineralisation hosted within NE trending structural features and westerly dipping beds.

Soil sampling to the south of the Rose Mine has identified a north trending Pb anomaly with partially coincident Cu and Zn values.

The soil sampling programme did not return any Co values (utilising the hand held XRF analyser) above limit of detection (LOD). This is interpreted to result from either the masking effect of the other elements or higher mobility of the Co within the soils versus the presence of Co mineralised rock fragments in the alluvial traps sampled by the stream sediment survey.
http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.002.jpeg



Figure 2. Goodsprings Stream Sediment Cobalt (Co) XRF Results

http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.003.jpeg

Figure 3. Goodsprings Stream Sediment Copper (Cu) XRF Results

http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.004.jpeg

Figure 4. Goodsprings Stream Sediment Lead (Pb) XRF Results
http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.005.jpeg

Figure 5. Goodsprings Stream Sediment Zinc (Zn) XRF Results
http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.006.jpeg


Figure 6. Goodsprings Project Copper ( Cu ) XRF Soils Results
http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.007.jpeg


Figure 7. Goodsprings Project Lead ( Pb ) XRF Soils Results
http://www.irw-press.at/prcom/images/messages/2018/43312/069_ XRF Stream Results Final VersionProcm.008.jpeg


Figure 8. Goodsprings Project Zinc ( Zn ) XRF Soils Results


Tyranna have commissioned Dr Richard Russell to complete a photogeological structural interpretation on the Goodsprings claim block. This will identify structural controls on the mineralisation and identify target areas for follow up.

Further stream sediment is planned to further test the western portion of the claim block. Soil sampling will be completed to follow the eastern most of the multi element anomalous zones to the north.

Negotiations are underway with the owner of the patented mining claims and are expected to be completed in the next quarter.

Bruno Seneque,-----
Managing Director-----
P: +61 8 9485 1040------
-------
Peter Taylor
Investor Relations
P: +61 412 036 231
peter(at)nwrcommunications.com.au

About Tyranna

Tyranna Resources is an ASX listed diversified minerals exploration Company with a significant portfolio of assets at various stages of development including the Jumbuck Gold Project in the Northern Gawler Block of South Australia. Jumbuck is a highly prospective and underexplored area, similar in style to the Albany/Fraser belt adjacent to the Yilgarn Craton in Western Australia which is host to the large 6.3M Au oz Tropicana gold deposit. Tyranna controls over 9,762 km2 of ground in this area, which also hosts the Challenger gold mine (owned by WPG Resources Ltd).

In December 2017, Tyranna announced the acquisition of a near term production Eureka Gold Mine and it is also currently in the process of acquiring the Goodsprings Cobalt and Base Metals Project, located in the State of Nevada, USA.

Tyranna holds strategic interests in Kairos Minerals (31.3m shares), Orinoco Gold (19.1m shares) and 29% JV interest in the Wilcherry Project Joint Venture with the Weednanna Gold Project as the main asset.

Competent person statement: The information in this announcement that relates to Exploration Results is based on information compiled by Nicholas Revell, who is a Member of The Australian Institute of GeoScience and who has more than five years experience in the field of activity being reported on. Mr. Revell is the Technical Director of the Company. Mr. Revell has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Revell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.


Level 2, 679 Murray Street, WEST PERTH WA 6005 | PO Box 1124, WEST PERTH WA 6872
T +61 8 9485 1040 | F +61 8 9485 1050 | E info(at)tyrannaresources.com | W tyrannaresources.com






JORC Code, 2012 Edition - Table 1
Section 1: Sampling Techniques and Data - Goodsprings Project

Criteria JORC Code Explanation Commentary
Sampling · Nature and quality of Stream Sampling was
Technique sampling (e.g. cut carried out on
s channels, random chips, or sediment collected
specific specialised at a depth of
industry standard 10-20cm from dry
measurement tools stream beds.
appropriate to the minerals Samples were
under investigation, such sieved with a US
as downhole gamma sondes, Size 8 mesh and
or handheld XRF the <2.36mm
instruments, etc.). These fraction was
examples should not be collected for
taken as limiting the broad assay. The fine
meaning fraction was
of analysed with a
sampling. portable XRF
· Include reference to analyser.
measures taken to ensure
sample representivity and Soil samples were
the appropriate calibration taken by scraping
of any measurement tool or the surface cover
systems and direct soil
used. read analysed with
· Aspects of the a portable XRF
determination of analyser.
mineralisation that are
Material to the
Public
Report.
· In cases where industry
standard work has been
done, this would be
relatively simple-(e.g.
reverse circulation
drilling was used to obtain
1 m samples from which 3 kg
was pulverised to produce a
30 g charge for fire
assay). In other cases,
more explanation may be
required, such as where
there is coarse gold that
has inherent sampling
problems. Unusual
commodities or
mineralisation types (e.g.
submarine nodules) may
warrant disclosure
of
detailed Information.
Drilling · Drill type (e.g. core, No drilling
Technique reverse circulation, conducted.
s -
open-hole hammer, rotary air
blast, auger, Bangka,
sonic, etc.) and details
(e.g. core diameter, triple
or standard tube, depth of
diamond tails, face-
sampling bit or other type,
whether core is
oriented
and if so, by what method,
etc.).







Criteria JORC Code Explanation Commentary
Drill · Method of recording and No drilling
Sample assessing core and chip conducted.
Recovery sample recoveries and
results
assessed.

· Measures taken to maximise
sample recovery and ensure
representative nature of
the
samples.

· Whether a relationship
exists between sample
recovery and grade and
whether sample bias may
have occurred due to
preferential
loss/gain
of fine/coarse material
Logging · Whether core and chip Brief descriptions
samples have-been of mineralisation
geologically and and location were
geotechnically logged to a recorded.
level of detail to support
appropriate Mineral
Resource estimation, mining
studies and
metallurgical
studies.
· Whether logging is
qualitative or quantitative
in nature. Core (or
costean, channel, etc.)
photography.

· The total length and
percentage of the relevant
intersections
logged
Sub-Sampli· If core, whether cut or Stream samples were
ng sawn and whether quarter, sieved with a US 8
technique half or all (2.36mm) size
s and core mesh.
sample taken.
preparati· If non-core, whether Soil samples were
on riffled, tube sampled, taken directly on
rotary split, etc. and location after
whether sampled wet or scraping off the
dry. surface
cover.
· For all sample types, the
nature, quality and
appropriateness of the
sample
preparation
technique.
· Quality control procedures
adopted for all
sub-sampling stages to

maximise representivity of sa
mples.

· Measures taken to ensure
that the-sampling-is
representative of the in
situ material collected,
including for instance
results for field
duplicate/second-half
sampling.

· Whether sample sizes are
appropriate to the grain
size of the material
being
sampled.
Criteria JORC Code Explanation Commentary
Quality · The nature, quality and Assays were carried
of assay appropriateness of the out with a
data assaying and laboratory portable XRF
-and procedures used and whether analyser, a Bruker
the technique is considered S1 Titan.
laboratory partial
tests or
total. Calibration was
· For geophysical tools, done by Geotech
spectrometers, handheld XRF Environmental
instruments, etc., the Equipment Inc.
parameters-used-in Reading times were
determining the analysis approximately 60
including instrument make seconds.
and model, reading times,
calibrations factors
applied and their
derivation,
etc.
· Nature of quality control
procedures adopted (e.g.
standards, blanks,
duplicates, external
laboratory checks) and
whether acceptable levels
of accuracy (i.e. lack of
bias) and precision
have
been
established
Verificati· The verification of Previous studies of
on of significant intersections the comparison
sampling by either independent or between the pXRF
and alternative and the ICP assays
assaying company indicate that the
personnel. pXRF can be used
· The use of twinned holes. to delineate
· Documentation of primary mineralisation in
data, data entry the
procedures, data field.
verification, data storage
(physical and electronic)
protocols.

· Discuss any adjustment to
assay
data

Location · Accuracy and quality of Location of samples
of data surveys used to locate was recorded by
points drillholes (collar and hand held
down- hole surveys), GPS.
trenches, mine workings and
other locations used in
Mineral Resource
estimation.

· Specification of the grid
system
used.
· Quality and adequacy of
topographic
control







Criteria JORC Code Explanation Commentary
Data-Spaci· Data spacing for reporting Stream samples were
ng of taken along the
Exploration natural drainage.
and distri Results. Soil samples were
bution · Whether the data spacing taken on a 50m X
and distribution is 20m
sufficient to establish the grid.
degree of geological and
grade continuity
appropriate for the Mineral
Resource and Ore Reserve
-
estimation procedure(s) and
classifications
applied.

· Whether sample compositing
has
been
applied.
Orientatio· Whether the orientation of Stream and soil
n of data sampling achieves unbiased samples were not
in sampling of possible oriented along any
relation structures and the extent known geological
to to which this is known, orientation.
geologica considering the
l deposit
structure type.
· If the relationship
between the drilling
orientation and the
orientation of key
mineralised structures is
considered to have
introduced a sampling bias,
this should
be
assessed
and reported if material.
Sample · The measures taken to Company personnel
Security ensure collected the
sample samples and then
security transported them to
the assay
laboratory at Reno,
Nevada.

Audits-or · The results of any audits The Competent Person
reviews or reviews- of and other company
- personnel have
sampling techniques and data reviewed the data
contained the
data

Section 2: Reporting of Exploration Results
(Criteria listed in section 1 also apply to this section)
Criteria JORC Code Explanation Commentary
Mineral · Type, reference name/numberUS Cobalts projects
tenement , location--and ownership are located on
and land including agreements or unpatented Federal
-tenure material--issues with third mining claims in
status parties such as joint the USA. The
ventures, partnerships, Competent Person
overriding royalties, has accessed the
--native title USA Federal
-- government websites
interests, historical sites, to confirm that all
wilderness-or national park of the mining
and environmental claims are held by
settings. the party indicated
in the
· The security of the tenure agreement.
held at the time of
reporting along-with any US Cobalt will
known impediments-to obtain local, state
obtaining a licence to and/or federal
operate in the permits to operate
area in their project
areas as
required.


Criteria JORC Code Explanation Commentary
Exploratio· Acknowledgment and Limited information
n done by appraisal of exploration is available on the
other exploration and
parties by other parties. development of the
Goodsprings
Project. There are
numerous small,
historic mines in
the region. The US
Bureau of Mines and
the US Geological
Survey have
published reports,
circulars and
bulletins over the
years and these
provide the bulk of
the
information.

Reconnaissance of
Mining Districts in
Clark County,
Nevada, USBM
Information
Circular 6964,
1937.

Geologic Controls
on Lead-Zinc
Mineralisation in
Goodsprings
(Yellowpine)
District, Nevada,
USGC Bulletin 1010,
1954.

Geology and Ore
Deposits of the
Goodsprings
Quadrangle,
Nevada, US
Department of the
Interior,
Professional Paper
162,
1931.

Geology · Deposit type, geological Mineralisation
setting and style of within the
mineralisation Goodsprings Project
appears to be
closely associated
with limestones,
while also
appearing to have
strong structural
controls. A spatial
relationship
between intrusive
granite-porphyries
and mineralisation
is apparent. But
the importance of
this association is
not yet
known.

Drillhole · A summary of all No drilling was
Informati information material to the carried
on understanding of the out.

exploration results
including a tabulation of
the following information
for all
Material
drillholes:
-Easting and northing of the
drillhole
collar

-Elevation or RL (Reduced
Level elevation above sea
level in metres) of the
drillhole
collar

-Dip and azimuth of the hole
-Downhole length and
interception
depth

hole length.

Criteria JORC Code Explanation Commentary
Data · In reporting Exploration The assay results
aggregati Results, weighting are based on
on averaging techniques,
methods maximum and/or minimum spot pXRF analysis.
grade truncations (e.g. No data aggregation
cutting of -high grades) methods, weighting
and cut-off grades are of results or top
usually Material-and should cuts have been
be applied.
stated.
· Where aggregate intercepts
incorporate

short lengths of high grade
results and longer lengths
of low grade results, the
procedure used for such
aggregation should be
stated and some typical
examples of such
aggregations should be
shown in
detail.

· The assumptions used for
any reporting of metal
equivalent values should
be
clearly stated
Relationsh· These relationships are parThese are point
ip ticularly assays of stream
between sediment and soil
important in the reporting samples. There is
mineralisa-of Exploration no known
tion Results. relationship
between assay
widths · If the geometry of the results and
and mineralisation with respect mineralisation
intercept to the drillhole angle is widths
lengths known, its nature should be .
reported.

· If it is not known and
only the downhole lengths
are reported, there should
be a clear statement to
this effect (e.g. down
hole
length,
true width not known).
Diagrams · Appropriate maps and These are contained
sections (with scales) and in the
tabulations of intercepts announcement.

should be included for any
significant discovery being
reported These should
include, but not be limited
to a plan view of drillhole

collar locations and
appropriate
sectional
views
Balanced · Where comprehensive All results have
reporting reporting of all been reported,
Exploration Results is not unmodified.
practicable,
representative reporting
of both low and high grades
a
nd/or widths should be
practiced to avoid
misleading reporting of
Exploration
Results









Criteria JORC Code Explanation Commentary
Other · Other exploration data, if This is an early
substanti meaningful and material, stage exploration
ve should be reported project so there is
explorati including (but not limited no other
on to) geological substantive
data observations; geophysical exploration data
survey results; geochemical available.
survey results; bulk
samples - size and method
of treatment; metallurgical
test results; bulk density,
groundwater, geotechnical
and rock characteristics;
potential deleterious or
contaminating
substances.

Further · The nature and scale of US Cobalt plans to
Work planned further work (e.g. conduct exploration
tests for lateral including
extensions or depth geochemical and
extensions or large-scale geophysical
step- surveys. If
out warranted drilling
drilling). will focus on
· Diagrams clearly targets generated
highlighting the areas of from the initial
possible extensions, exploration phase.
including the main
geological interpretations
and future drilling areas,
provided this information
is
not commercially sensitive.

Unternehmensinformation / Kurzprofil:
Leseranfragen:
Bereitgestellt von Benutzer: irw
Datum: 08.05.2018 - 07:52 Uhr
Sprache: Deutsch
News-ID 575342
Anzahl Zeichen: 31752

contact information:
Town:

Wien

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 263 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Tyranna Resources: Extensive Base Soil Geochemical Anomalies Defined at Goodsprings Project, Nevada USA.
"
steht unter der journalistisch-redaktionellen Verantwortung von

Tyranna Resources Ltd. (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Alle Meldungen von Tyranna Resources Ltd.