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Tyranna Resources (ASX:TYX) begins maiden drilling at Muvero, Angola

ASX News, Materials
ASX:TYX      MCAP $32.87M
18 October 2022 15:28 (AEST)

A drill core run at the Muvero prospect, Angola. Source: Tyranna Resources

Tyranna Resources (TYX) has begun the first round of drilling at its Muvero lithium prospect in Angola.

The prospect is part of the company’s 80 per cent-owned lithium exploration project in the Giraul pegmatite field east of Namibe.

Despite initial delays in the delivery of critical items, TYX said the six-hole diamond drilling program kicked off yesterday.

Following track repairs to enable access by larger vehicles, drilling of the first hole began and is reportedly progressing well, having passed through fractured, partly weathered, coarse-grained, mafic host-rock, consistent with the exposed bedrock.

This round of work has been designed to provide critical information the company hopes will enable optimised follow-up drilling.

Drilling is anticipated to be completed by the end of November with results expected some time between late December to February next year.

The results will be incorporated in a subsequent resource drill-out if warranted.

Tyranna shares were up 14.6 per cent trading at 4.7 cents at 3:27 pm AEDT.

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