- Torian Resources (TNR) unveils further “significant” gold hits at its Mt Stirling project in WA’s Eastern Goldfields region
- The new assay results come ahead of an updated mineral resource estimate for the project, which Torian says is on track for delivery by mid-May
- Torian first said it planned to release the resource update before the end of March, but this timeline has now been pushed back twice
- Torian has completed over 18,900 metres of reverse circulation (RC) infill and extension drilling across the MS Viserion Gold System in the project area
- Shares in Torian Resources were up 7.69 per cent to 2.8 cents each
Gold explorer Torian Resources (TNR) has unveiled further “significant” gold hits at its Mt Stirling project in WA’s Eastern Goldfields region, with an updated mineral resource estimate less a month away.
The company today said it had completed over 18,900 metres of reverse circulation (RC) infill and extension drilling across the MS Viserion Gold System in the project area.
The latest batch of assays from this drilling program returned hits including a 23-metre intersection at 1.08 g/t gold from 40 metres, a six-metre intersection at 2.17 g/t gold from 213 metres, and a one-metre intersection at 5.57 g/t gold from 109 metres.
The Mt Stirling mineral resource currently sits at 118,400 gold ounces, but Torian plans to announce a new mineral resource estimate for the project in the coming weeks.
Torian Executive Director Peretz Schapiro said the latest round of drilling results had further increased the company’s confidence in the gold system at Mt Stirling ahead of this resource update.
“The most exciting part of the results we have been receiving recently is that we have identified a multitude of structural prospective down-dip and along-plunge gold target zones at MS Viserion for continued resource ounce discovery and expansion post the delivery of the anticipated resource upgrade,” Mr Schapiro said.
The company had initially planned to release the updated resource estimate before the end of March but delayed this to mid-April. Now, Torian said some recent technical issues at assay labs have pushed timeframes back even further.
Nevertheless, the company maintained it was still on track to deliver the new resource estimate next month.
Torian said it was still awaiting assays for 13 extensional drill holes, with a total of 48 holes to be included in the updated resource estimate.
Shares in Torian Resources were up 7.69 per cent to 2.8 cents each at 3:44 pm AEST. The company has a $34 million market cap.