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- Torian Resources (TNR) begins a 17,500-metre drilling campaign at its Mt Stirling gold project in WA
- Drilling will test multiple gold targets across the project and is also aimed at upgrading the Mt Stirling-Viserion resource to the indicated category
- The company expects this may increase the entire project’s gold grade and provide important data for an optimisation study planned for the first quarter of 2022
- Company shares are trading steady at 2.5 cents
Torian Resources (TNR) has begun a major drilling campaign at its Mt Stirling gold project in Western Australia.
The 17,500-metre program will include 12,500 metres of reverse circulation drilling to test the high priority Tyrannus, Hydra, Estera, Stirling Well and Mt Stirling Viserion gold targets. Drilling will also test the newly discovered Skywing lode.
A further 5000 metres of drilling will be undertaken to expand the footprint of the regional gold and arsenic multi-element and structural targets across the Mt Stirling project.
Torian has already drilled three extensional holes at the Diorite North block and further holes at this area will target interpreted down-dip extensions of the Estera Lode.
A broader goal of this drilling effort is to upgrade the Mt Stirling-Viserion resource to the indicated category with 40 per cent of the proposed work to target the shallow portion of the Mt Stirling-Viserion gold deposit.
The company expects this will likely increase the entire project’s gold grade and provide important data for an optimisation study planned for the first quarter of 2022.
“Today is a landmark day for our company as we embark on perhaps our most ambitious phase of drilling at the Mt Stirling gold project,” Executive Director Peretz Schapiro said.
“The last six months or so of continued regional exploration has de-risked this next phase of drilling and put us in the best possible position for this campaign’s ultimate success, which we intend to be realised with a new global mineral resource estimate increasing both the size and confidence of our resources across the project.”
As part of its aim to expedite this work, Torian secured two drilling contractors as well as the services of Minecomp, which will conduct the optimisation study in the new year.
Company shares were trading steady at 2.5 cents at 11:16 am AEDT.
