ASX CODE: TYX
DIRECTORS
Chairman
Bruno SenequeManaging Director
Neil McKayCompany Secretary and Non-Executive Director
SHARE REGISTRY
110 Stirling Highway
Nedlands WA 6009
T: +61 8 9389 8033
F: +61 8 9389 7871
REGISTERED OFFICE
Level 2 679 Murray Street West Perth WA 6005
P: +61 8 9485 1040
F: +61 8 9485 1050
28th January 2016
Orinoco's Successful Drilling at Sertao
Highlights:
Y High Grade Gold Shoots Likely to extend a minimum of 1.6 Kms underground, from base of existing Pit
Y Better Results from Along Strike and Down Dip Drilling within the primary zone, Includes :-
o 2m @ 18.7g/t at 541m vert below surface. * o 1.82m @ 13.55 g/t from 130m down hole. o 0.65m @ 13.05 g/t from 126.2m down hole. o 0.50m @ 46.80 g/t from 150m down hole. o 0.46m @ 21.40 g/t from 131m down hole
* Historical hole - all others from current programme.
Tyranna Resources Ltd. (ASX:TYX) is the holder of:
14,301,973 shares in Orinoco Gold which is currently equivalent to
6.57% of the Company
2,400,000 Performance Shares Class B 1,500,000 Options exercisable at 25 cents each 1,428,571 Options exercisable at 11 cents each
The Directors of Tyranna Resources Ltd. (ASX:TYX) note the recent announcement by Orinoco Gold Limited regarding drilling results from its 100% owned Sertao prospect in Brazil where Troy Resources previously mined 256,800 ozs of gold, at a head grade of 24.95 g/t between 2003 and 2006. The prospect is on an established mining lease.
The Sertao prospect is approximately 20km to the South of the flagship Cascavel prospect - and along the same mineralised shear zone structures. Cascavel is scheduled to commence gold production this quarter.
Whilst further work will be necessary, these results clearly indicate that Sertao could become an important part of Orinoco's regional gold production plans.
- ENDS -
Level 2, 679 Murray Street, WEST PERTH WA 6005 | PO Box 1124, WEST PERTH WA 6872
T +61 (08) 9485 1040 | F +61 (08) 9485 1050 | E info@tyrannaresources.com | W tyrannaresources.com
ASX TYX | ABN 79 124 990 405
Tyranna Resources Limited issued this content on 28 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2016 09:10:19 UTC
Original Document: http://www.tyrannaresources.com/index.php/download_file/108/151/