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Torian Resources (ASX:TNR) - Executive Director, Peretz Schapiro - The Market Herald
Executive Director, Peretz Schapiro
Source: Torian Resources
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  • Torian Resources (TNR) has received another batch of encouraging drill assays from the Mt Stirling gold project in Western Australia
  • The new results come as the explorer undertakes an extensive drill programme at the project which has so far revealed a 1.16-kilometre gold system
  • Assays of note from this particular round of results include 23 metres at 1.45 g/t gold including 10 metres at 2.02 g/t gold and three metres at 9.91 g/t gold including two metres at 14.51 g/t gold
  • Looking ahead, the company says there are more results to come and has tabled plans for follow up drills at other high-priority targets within the region
  • Torian Resources is up 4.26 per cent following the announcement, trading at 4.9 cents per share

Torian Resources (TNR) has received another batch of encouraging drill assays from the Mt Stirling gold project in Western Australia.

The gold explorer is undertaking an extensive reverse circulation drill programme at the project, which so far has a confirmed a gold system of 1.16 kilometres and is said to remain open along strike and down dip.

Significant assays from the latest round of drilling include 23 metres at 1.45 g/t gold including 10 metres at 2.02 g/t gold and three metres at 9.91 g/t gold including two metres at 14.51 g/t gold.

There are still more results to come from Torian, with results from three drill holes to be incorporated to the interim resource estimate, in addition to 11 phase two drill holes, 16 holes at Stirling Well and 19 holes from Diorite.

"With each batch of results received, it becomes clearer and clearer to us that we’re sitting on something quite substantial at Mt Stirling," Torian’s Executive Director, Peretz Schapiro, commented.

"We have demonstrated that we are ‘on the system’, with our immediate task being to define the actual footprint of Mt Stirling, as it continues to remain open along strike and depth," he added.

The explorer has also laid plans to commence follow up drills at other high priority targets within the region, including four key structural corridors: Viserion Shear, Wonambi Shear, Ursus Fault and Blue Jacket.

Torian says it is fully funded to conduct its 50,000-metre drilling campaign in 2021.

Torian Resources is up 4.26 per cent following the announcement, trading at 4.9 cents per share at 11:04 am AEST.

TNR by the numbers
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