- Gold and copper explorers Torrens Mining (TRN) has been granted two new tenements, EL7380 and EL7366, within its Mt Piper Gold Project in Central Victoria
- The company has already identified several high priority targets in EL7380, which it will immediately investigate
- Additionally, the company is expecting to be granted a third tenement, opening up the opportunity for near-term drilling at the company’s Northwood Hill Gold Prospect
- On market close, Torren is down 8.33 per cent and is trading at 16.5 cents per share
Torrens Mining (TRN) has been granted two new tenements, EL7380 and EL7366, within its Mt Piper Gold Project in Central Victoria.
The company is pleased with the new tenements and it will fit well into its Mt Piper portfolio.
Torrens has already identified several high priority targets in EL7380, which it will immediately investigate.
Additionally, a grant of a third tenement is anticipated. This tenement will significantly open up the opportunity for near-term drilling at the company’s Northwood Hill Gold Prospect.
“Torrens’ portfolio of gold prospects at Mt Piper in the very active Central Victorian Goldfields is rapidly evolving and the newly-identified gold targets within the new tenement are very exciting,” Managing Director Steve Shedden said.
“We have quickly pivoted to focus our soil geochemical sampling on EL3780 and will deliver results of the program over the coming months. EL7366, covering a strategic zone between the operating Costerfield gold-antimony mine and the historical Graytown Goldfield, will also receive our attention,” he added.
The company is now planning a soil geochemical sampling program and geological mapping at the EL7380.
On market close, Torren is down 8.33 per cent and is trading at 16.5 cents per share.