- Gold explorer and developer Torian Resources (TNR) has received more results from the Mt Stirling phase one drill program, located in WA
- The results from four holes confirm the wide gold mineralisation present at Mt Stirling, with the wider program managing to extend strike over 480 metres
- Best intercepts from the recently returned assays include five metres at 2.89 g/t gold from 27 metres, including one metre at 8.74 g/t gold
- Phase two drilling at Mt Stirling will soon begin targeting the north-west extension of the gold system, with 17 holes to be drilled
- All of the drilling programs are designed to assist Torian in updating the resource estimate for Mt Stirling and Mt Stirling Well
- Shares in TNR are trading at 3.1 cents each, up 6.9 per cent
Torian Resources (TNR) has received more results from the Mt Stirling phase one drill program, located in WA’s Leonora Gold District.
The gold explorer and developer drilled 31 reverse circulation (RC) drill holes for 5,767 metres as part of the phase one program, with promising results received to date.
These latest assay results, which come from four holes, also confirms the wide gold mineralisation present at Mt Stirling, including best intercepts of five metres at 2.89 g/t gold from 27 metres, including one metre at 8.74 g/t gold.
“These results continue to confirm our theory that Mt Stirling contains a much larger gold system than what has been previously thought,” Torian’s Executive Director Peretz Schapiro said.
“What excites us about the current set of results is that we have intercepted significant gold grade nearly 100 metres beyond our previously defined resource,” he added.
All up, the wider phase one program has managed to extend strike at the asset over 480 metres on 40-metre centre drill spacings.
Phase two drilling at Mt Stirling will now target the north-west extension of the gold system, with 17 holes to be drilled, beginning next week.
A phase three program is also being planned by Torian, using both RC and diamond drilling, to vector on plunge across the entire interpreted strike.
Combined, all of the drilling programs at Mt Stirling, Mt Stirling Well and Diorite will assist the materials stock in updating the resource estimate for the wider Mt Stirling Project.
“We eagerly await the results from an additional 25 drillholes from phase one of the Mt Stirling program, along with results from 18 drillholes at Stirling Well, 21 exploratory drill holes from the greenfields at Diorite and the results from our
phase two drilling at Mt Stirling,” Peretz said.
Shares in TNR are trading up 6.9 per cent at 3.1 cents each at 11:13 am AEDT.