The decision to advance exploration coincides with New World Cobalt Ltd’s (ASX:NWC) recent exploration activity, and the lack of any modern exploration around the historical underground workings near the Whale Mine.
Tyranna Resources’ managing director Bruno Seneque said: “Given the nature of historical cobalt mining at Whale, we are highly encouraged by the results from this survey which indicates a much larger system than the old miners tapped.
“They pulled out very high grade cobalt from near surface, visible rock.
“We have modern techniques to look deeper and broader to find the bulk system origin of their successful mining.
Potential for larger cobalt and base metals system
“These results indicate the potential for a much larger cobalt and base metals mineralised system across the immediate ground around the Whale Mine.
“We will now use the IP results to target drill sites to test the extent of the mineralisation for its grade and scale as we advance our schedule for the Goodsprings Project which we believe has significant upside for Tyranna.”
Planning for 2019 drill program
The Goodsprings Project is now considered to have good potential for the discovery of new mineralisation in the district.
The next stage of the exploration program is to site the drill locations and plan for a drill program in 2019.