16 July 2020 Drilling targets firming up at Dragon & Knight...

16 July 2020
Drilling targets firming up at Dragon & Knight projects in WA’s nickel belt HIGHLIGHTS:

• Following a comprehensive review of all historic geochemical and geophysics data, Tyranna’s Board has approved plans to fast-track drilling the Dragon & Knight projects in WA’s nickel belt
• The geology team is currently in the process of formalising a drilling campaign which will focus on highly prospective nickel sulphide mineralisation targets in two known areas: o Areas around Lightning Gossan Prospect, which is interpreted to have similar mineralisation to St George Mining’s (ASX: SGQ) Fish Hook1 prospect, based on extensive historic surface sampling with high-grade assays up to 7,600ppm Ni, 5,700ppm Cu & 1,140ppm Zn and shallow drill intercept – 4m @ 1,925ppm Ni from 16m including 2m @ 2,290ppm Ni2 In addition, the geophysics interpretation indicate there is an area of interest at Lightning Gossan Prospect, which dovetails in with the geochemistry findings, which is to be further investigated o Several areas along the east-west trending regional dykes, which are on the same strike event that hosts SGQ’s Mt Alexander project, that are intersected by north-south trending magnetic features3
• Once the drilling plan is finalised, likely after an upcoming field trip, the geology team will commence the necessary processes to secure regulatory approval, select a suitable drilling contractor and line up key logistical support crews