- Torian Resources (TNR) receives promising results from two drill holes at the Mt Stirling phase one program in Western Australia’s Leonora Gold District
- 31 reverse circulation drillholes, delving 5767 metres, were executed as part of Mt Stirling’s phase one campaign
- The findings confirm broad gold mineralisation and down-dip extension continuity
- Key intercepts include two metres at 3.14 g/t gold and six metres at 3.14 g/t gold
- The results are a 20 per cent increase on historical twinned drill hole grades which a spokesperson said will feed into the Mt Stirling resource update expected early 2021
- Meanwhile, assays are pending from the Mt Stirling phase two extension, which allegedly confirms mineralisation continuity
- Investors have responded favourably to the announcement as TNR shares trade at 2.8 cents, up 3.7 per cent
Torian Resources (TNR) receives results from two drill holes at the Mt Stirling phase one program in Western Australia’s Leonora Gold District.
31 reverse circulation drillholes, delving 5767 metres, were executed as part of Mt Stirling’s phase one campaign.
The findings confirm broad gold mineralisation and down-dip extension continuity.
Key discoveries contain 23 metres at 1.08 g/t gold inclusive two metres at 1.08 g/t gold and 21 metres at 1.15 g/t gold inclusive six metres at 1.62 g/t gold.
The results are a 20 per cent increase on historical twinned drill hole grades used in the previous resource estimate, indicating a potential upgrade in tonnage and gold ounces.
Torian Executive Director Peretz Schapiro said the findings will feed into the Mt Stirling resource update expected in early 2021.
Meanwhile, assays are pending from the Mt Stirling phase two extension, which allegedly confirms mineralisation continuity.
Phase two drilling to test the northwest extension of the gold system is expected in Q1 2021, when 17 holes are set to be drilled.
Investors have responded favourably to the announcement as TNR shares trade at 2.8 cents, up 3.7 per cent at 9:43 am AEDT.