- Gold and copper explorer Torrens Mining (TRN) has commenced an airborne program over its Northwood Hill Prospect within the Mt Piper Project in Central Victorian
- The survey will be flown along 50-metre line spacings at a height of around 40 metres
- Results from the survey will improve the company’s understanding of the area and improve drilling targets for the upcoming drill program
- It is expected to take between five to seven days, with results reported by August
- On market close today, Torrens is up 6.90 per cent and is trading at 15.5 cents per share
Torrens Mining (TRN) has commenced an airborne magnetic program over its Northwood Hill Prospect within the Mt Piper Project in Central Victorian.
The survey will be flown along 50-metre line spacings at a height of around 40 metres. It is expected to take between five to seven days, subject to weather conditions.
Results from the survey will improve the company’s understanding of the area and are expected in June, with the structural interpretation of the data expected by August.
Northwood is one of several gold prospects at Mt Piper and sits within licence EL7331.
“Close-spaced, high-resolution, aeromagnetic data allows us to better define potential drilling targets, especially when combined with geochemistry and boots-on-the-ground geological mapping,” Managing Director Steve Sheeden said.
“The results of this survey will considerably improve our existing geophysical dataset and will dramatically improve our understanding of the structural regime at Northwood Hill and Whitehead Creek.”
“Without doubt, developing a structural model in tandem with new in-ground drilling data will exponentially improve our chances of success, and with drilling about to commence, Torrens is at the starting gate in anticipation of an exciting gold discovery journey,” he added.
On market close today, Torrens is up 6.90 per cent and is trading at 15.5 cents per share.