TYX drilling for more lithium in October
Our 2022 Catalyst Hunter Pick Of The Year Tyranna Resources (ASX: TYX) has started preparing for its second round of drilling at its Angolan lithium project.
TYX will be following up on its Muvery discovery where the company hit 22.75M at 2.02% lithium AND at its Muvero East prospect where rock chip samples have returned lithium grades as high as 4.24%.
TYX is going into this drill program with over $14.5M in cash and the ultimate aim of the program is to drill out a maiden JORC resource for the project in 2024.
Here is a map showing where TYX will be drilling:
TYX is basically bringing in rigs capable of drilling deeper for a 6,000m program, here is how it looks compared to last year’s drill program:
What’s next?
🔄 Rock chip sampling and field work
TYX plans to be back on site running another round of field work in the lead up to drilling.
In the meantime we can expect to see some of the assays come through from the samples taken when the company was last on site.
We covered the latest on the companies fieldwork in a previous Quick Take here: TYX discovers 10 additional lithium targets - drill program star
🔄 2nd drill program
TYX expects the 6,000m RC drill program to start in October.
