- Torian Resources (TNR) gets more results from its 17,500-metre drilling program at the Mt Stirling gold project in WA
- The company is advancing reverse circulation drilling at the Mt Stirling-Viserion gold deposit to increase the resource to the indicated category
- Latest results from the deposit include 4.76g/t gold over four metres including a higher-grade of 9.24g/t gold over one metre
- Further assays are expected in the new year as drilling continues with three drill rigs secured for the month of January
- Company shares have been trading up 4.55 per cent at 2.3 cents
Torian Resources (TNR) has received more results from its 17,500-metre drilling program at the Mt Stirling gold project in Western Australia.
Of the total program, roughly 12,500 metres of reverse circulation (RC) drilling is dedicated to testing targets at the Tyrannus, Hydra and Estera prospects, the Stirling Well extension, the Mt Stirling/Viserion extension (currently in progress), as well as the Skywing gold targets in the new year.
According to the company, RC drilling has advanced and is testing the high-priority shallow portion of the Mt Stirling-Viserion gold deposit which is aimed at increasing the resource to the JORC Indicated category. Nine drill holes have been completed for 740 metres.
Latest results include four metres at 4.76 grams of gold per tonne (g/t) from 70 metres including one metre at 9.24g/t gold from 73 metres.
The company also interpreted near-surface mineralisation up-dip of the Skywing lode with results of seven metres at 0.78 g/t Au from 42 metres including one metre at 1.37g/t gold from 43 metres. Torian also identified a footwall mineralised zone of four metres at 2.62g/t gold from 80 metres.
Torian Resources is waiting on assays from a further two drill holes at Mt Stirling-Viserion.
About 40 holes are yet be drilled to complete the current planned drilling phase which will continue in the new year with three rigs secured for the month of January. An initial focus will be on the newly-discovered Skywing lode extension where drilling will kick off from January 5.
Company shares were up 4.55 per cent to trade at 2.3 cents at 11:30 am AEDT.