- Torian Resources (TNR) is progressing its 17,500-metre drilling program at the Mt Stirling gold project in WA
- Drilling is targeting multiple prospects to test high-priority targets, expand mineralisation and to increase the Mt Stirling-Viserion resource to the indicated category
- Drilling at Mt Stirling-Viserion extended mineralisation by 60 metres and returned grades of up to 18.01 grams per tonne (g/t) gold and maiden assays from Tyrannus confirmed high-grade gold
- Torian has secured three rigs throughout January to complete the program and expects to deliver an updated resource for the project before the end of the March quarter
- Company shares have been trading up 5 per cent at 2.1 cents
Torian Resources (TNR) has provided an update on its 17,500-metre drilling program at the Mt Stirling gold project in Western Australia.
The program began in November and is predominantly focused on testing high-priority targets across multiple prospects including Tyrannus, Hydra, Estera, the Stirling Well extensions, Mt Stirling-Viserion and Skywing.
However roughly 5000 metres is aiming to vector and expand the footprint of regional gold, arsenic, multi-element and structural targets across the Mt Stirling project.
Additionally, a broader goal of the major campaign is to upgrade the Mt Stirling-Viserion resource to the indicated category and potentially add more ounces to it by extending the strike and depth of the gold system at the deposit.
Positively for the company, the first planned hole on the Mt Stirling-Viserion 1800N extension intersected ‘significant’ mineralisation.
Results include 10 metres at 3.59 grams of gold per tonne (g/t) from 12 metres including three metres at 7.9g/t gold from 14 metres and one metre at 18.01g/t gold from 15 metres.
Additional results also extended near-surface mineralisation about 60 metres up-dip on the 1800N section.
Torian is still waiting on assays for six holes drilled at the Mt Stirling-Viserion deposit.
Importantly, Torian received the first lot of results from the Tyrannus prospect which reportedly confirmed multiple zones of gold mineralisation.
Tyrannus results include one metre at 3.68g/t gold from 29 metres, two metres at 3.21g/t gold from 16 metres including one metre at 3.84g/t gold from 16 metres, and four metres at 2.02g/t gold from 37 metres including one metre at 2.62g/t gold from 38 metres.
Eleven holes have been drilled at Tyrannus so far.
Executive Director Peretz Schapiro said he was pleased with the progress the company has made over the last 12 months.
“Today, our Mt Stirling gold project is significantly more advanced than where it was 12 months ago. We have increased our resource, identified and proven numerous high priority gold targets and are well on the way to growing our global resource in 2022,” he said.
Torian has already secured three drill rigs through January next year and also expects to deliver an updated global MRE for the Mt Stirling project for the end of the March quarter.
Company shares were up 5 per cent to trade at 2.1 cents at at 12:14 pm AEDT.