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- Torian Resources (TNR) announces the first set of assay results from a 17,500-metre drilling program at its Mt Stirling Gold Project near Leonora in WA
- The assay results come less than two weeks after drilling was completed, and Torian says it expects to report on results every two-to-four weeks through to February 2022
- Torian Executive Director Peretz Schapiro says while the company is pleased with the assay results so far, it’s “ecstatic” about the assay turnaround speed
- Torian is planning a mineral resource estimate upgrade for Mt Stirling before the end of the first quarter of 2022
- Shares in Torian Resources were up 4.35 per cent and trading at 2.2 cents each at 1:26 pm AEDT
Junior explorer Torian Resources (TNR) has announced the first set of assay results from a 17,500-metre drilling program at its Mt Stirling Gold Project near Leonora in Western Australia.
Drilling at the project was completed less than two weeks ago, and Torian said it was expecting to continue reporting on assays from the program every two-to-four weeks through to February 2022.
The best initial results from the program include a three-metre intersection grading 9.46 grams of gold per tonne (g/t gold) from 37 metres. This hit included a one-metre zone at 25.46 g/t gold.
With the anticipated rapid turnaround of assays for the rest of the program, Torian said it was planning a mineral resource estimate upgrade for Mt Stirling before the end of the first quarter of 2022.
Torian Executive Director Peretz Schapiro said while the company was pleased with the assay results so far, it was “ecstatic” about the speed at which assays were being turned around.
“On behalf of the board, I would like to thank our exploration team, drill contractors, Tarmoola earthworks contractors, and lab technicians for helping move things along as quickly and efficiently as possible,” Mr Schapiro said.
“We look forward to keeping the market updated with our drilling progress and results in a timely fashion as we work towards increasing the value of the Mt Stirling Gold Project, thereby providing increased strong fundamental backing to the project.”
Looking ahead, Torian said it was fast-tracking follow-up drilling at Mt Stirling, with two drill rigs already secure for throughout December and January and a third effectively locked in for 2022.
Shares in Torian Resources were up 4.35 per cent and trading at 2.2 cents each at 1:26 pm AEDT. The company has a $27.5 million market cap.
