- Torian Resources (TNR) has extended the strike of the Mt Stirling gold system to over 680 metres, and it remains open in all directions
- Torian is undertaking a drilling program to define the depth and strike of the gold system and upgrade Mt Stirling’s mineral resource estimate
- Latest assays have returned pleasing results with grades of up to 10.58g/t and 12.36g/t gold
- Further assays are pending and the resource upgrade is expected before the end of this quarter
- Company shares are down 2.33 per cent and trading at 4.2 cents each
Torian Resources (TNR) has extended the strike of the Mt Stirling gold system to over 680 metres, and it remains open in all directions.
The ASX-listed miner is conducting an ongoing diamond and reverse circulation drilling program at the Mt Stirling Gold Project in Western Australia.
The extension drilling program is aimed at testing and defining the depth and strike of the gold system.
Assays have been received with the headline result being nine metres at 3.75g/t gold from 88 metres, which included six metres at 5.07g/t gold from 90 metres and one metre and 12.36g/t gold from 93 metres.
A notable four-metre intersect graded at 5.99g/t gold from 133 metres and included two metres at 10.58g/t gold from 134 metres.
“As we have been saying for some time, the geology at Mt Stirling has indicated to us that the gold system is much larger than what was originally defined,” Executive Director Peretz Schapiro said.
“Furthermore, this significant discovery gives us the confidence to seamlessly continue the drilling campaign at Mt Stirling. Further assays will continue to confirm the breadth and predicability of the gold system,” Peretz added.
Assays are pending from 31 holes at Mt Stirling, 18 holes at Stirling Well and 19 holes from Diorite.
Torian is looking to upgrade the maiden resource before the end of this quarter. It currently stands at 727,021 tonnes at 1.45g/t gold for 33,893 ounces.
Company shares are down 2.33 per cent and trading at 4.2 cents each at 10:59 am AEDT.