- Torian Resources (TNR) continues to expand the Mt Stirling gold system with more drilling results
- The highest grade from the newest results is 6.03g/t gold which comes from the eastern zone, followed by a 4.82g/t gold result from the Mt Stirling and Viserion area
- Torian will soon recommence drilling at the Hydra and Tyrannus prospects to test anomalous arsenic zones, and extents of the gold system to the northwest and east
- Depending on drilling success, rig availability and assay turnaround, Torian hopes to deliver a mineral resource for the Mt Stirling project before the end of the year
- Company shares are up 3.45 per cent to trade at 3 cents at 3:02 pm AEDT
Torian Resources (TNR) has reported results from drilling at the Mt Stirling gold project in Western Australia.
The latest round of drilling helped the company to better understand the potential of the Mt Stirling area and continued to expand the extent of gold mineralisation in various areas.
Best results from the eastern zone include one metre at 6.03 grams of gold per tonne (g/t) from three metres, while the mineralised zones in the eastern area have been re-interpreted as shallow easterly plunging sub-horizontal saprolitic gold and lode material.
Mt Stirling and Viserion up-dip extensions returned 10 metres at 2.05g/t gold from 34 metres including three metres at 4.13g/t gold from 34 metres and one metre at 3.97g/t gold from 58 metres.
Results from the Mt Stirling SE area include one metre at 1.77g/t gold from 83 metres and five metres at 0.83g/t gold from 244 metres including one metre at 2.31g/t gold from 244 metres.
Positively for Torian, drilling recently extended the gold system by 280 metres to the southeast with the mineralised strike now continuous over 1040 metres.
Executive Director Peretz Schapiro commented on the results.
“For a while we have been hypothesising that the Stirling Well and Mt Stirling gold systems may be linked. The latest round of drilling has given us a greater picture as to what we may be actually sitting on in the Mt Stirling region,” he said.
“Whilst auger vacuum drilling and other field work at the Mt Stirling project continues, we are looking forward to recommencing drilling in the coming weeks which will focus on following up on anomalous arsenic zones and recently announced gold intercepts at the Hydra and Tyrannus prospects.”
Depending on certain factors, Torian hopes to have a global resource estimate for the Mt Stirling project before the end of the year.
Company shares were up 3.45 per cent to trade at 3 cents at 3:02 pm AEDT.