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Torian Resources (ASX:TNR) hits further gold at Mt Stirling

ASX News, Mining
ASX:TNR
25 January 2022 14:24 (AEST)

Torian management and field crew. Source: Torian Resources

Torian Resources (TNR) has intersected further gold mineralisation at the Mt Stirling Gold Project in Western Australia.

The company is continuing with its 17,500-metre reverse circulation and AV drilling program designed to target the Mt Stirling-Viserion extension and the Skywing, Tyrannus, Hydra and Estera gold targets.

Drilling at the Mt Stirling-Viserion extension is progressing with 25 of the planned 38 holes completed.

New results include two metres at 8.12 grams per tonne (g/t) gold from 31 metres including one metre at 14.07 g/t gold from 32 metres, and eight metres at 2.67 g/t gold from 89 metres including one metre at 5.53 g/t gold from 95 metres.

Drilling is also progressing at the Skywing lodes with 10 of the planned 36 holes completed.

Assays have been received for Tyrannus, Hydra and Estera, and results are expected to be reported on shortly.

A priority of this drilling program has been to target the shallow portion of Mt Stirling-Viserion to be drill defined to JORC indicated category.

Torian expects this to increase the global project gold grade, expand the resource base and provide data and confidence for an optimisation study.

Further, an updated mineral resource estimate for Mt Stirling is on track for release at the end of Q1 2022.

Torian was up 3.57 per cent on the market with shares trading at 2.9 cents at 12:22 pm AEDT.

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