- Torrens Mining (TRN) intersects strong, shallow gold mineralisation at the Northwood Hill prospect which is part of its Mt Piper Project in Victoria
- The company is undertaking a 1400-metre drilling program to target a five-kilometre-long anomalous gold corridor
- While results have only been received for two holes, they’ve confirmed the prospect as highly prospective for shallow and deeper gold mineralisation
- Drilling is ongoing and further assays are expected over the coming weeks
- Company shares closed 5.77 per cent in the red at 24.5 cents
Torrens Mining (TRN) has announced the first diamond hole drilled at the Northwood Hill prospect has intersected strong, shallow gold mineralisation.
The Northwood Hill prospect sits within the northeast corner of Torrens’ Mt Piper Project which is located around 100 kilometres north of Melbourne, Victoria.
The miner is conducting a 1400-metre drilling program at the Victoria-based prospect to target a five-kilometre-long anomalous gold corridor that was defined in the 1990s.
Torrens is the first explorer to follow up on this gold anomalism and it’s pleased the prospect has been confirmed as highly prospective for shallow and deeper gold
mineralisation.
Assays from the first two holes drilled include 5.4 metres at 3.2 grams of gold per tonne (g/t) from seven metres including 0.8 metres at 5g/t gold, 0.8 metres at 9.4g/t gold and 5.2 metres at 1.5g/t gold from 29.5 metres including 0.3 metres at 3.9g/t gold.
Managing Director, Steve Shedden, said he was very pleased to have intersected significant gold in the first two holes drilled under this program.
“This drilling validates the extensive surface gold anomalism which Torrens identified from historical geochemical sampling and historical shallow reverse circulation drilling completed by Perseverance Mining in the early 1990s.”
Drilling is ongoing and Torrens expects to receive further assay results over the coming weeks.
Company shares closed 5.77 per cent in the red at 24.5 cents.