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Tychean reports high grade gold results

Australian explorer Tychean Resources have turned in new drilling
results to the ASX, with promising mineralisation at the Redback prospect.

This morning Tychean announced high grade at the WA
prospect, with 8 metres coming in at 9.29g/t from 208 metres, which included 2
metres 20.1g/t and 2 metres at 10.7g/t.

Further along the sequence were results of 9 metres at
6.66g/t including 5 metres at 10.3g/t.

The Redback RC drilling project completed in March 2015, which
lies within the company’s wholly owned Spargoville Gold project, located in the
Eastern Goldfields in Western Australia.

Tychean have compared
the geology of the resource to the Wattle Dam gold mine, which is located only
700 metres northwest of Redback.

Mineralisation found at Redback has been described as having
“nuggety and variable nature”.

The next drilling program at Redback will test for depth and
plunge extensions to the high grade, Eastern Zone Mineralisation in the south.

Tychean also has the Valley Floor prospect south of
Kambalda, and the Tanami JV with Ramelius Resources in the Northern Territory.

Tychean Resources (ASX:TYK) has jumped 50 per cent this
morning, from $0.002 to $0.003.

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