Total
0
Shares
Torian Resources (ASX:TNR) - Executive Director, Peretz Schapiro - The Market Herald
Executive Director, Peretz Schapiro
Source: Torian Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Torian Resources (TNR) has extended the Mt Stirling Gold System to over 1.1 kilometres, and it remains open in multiple directions
  • The Western Australian project has been subject to extensive drilling, which has yielded positive results and continued to extend the mineralised strike
  • Executive Director Peretz Schapiro says reaching one kilometre represents a significant milestone alongside even more achievements
  • One of these being the discovery of a western zone to the southeast, which will be tested in upcoming drilling program
  • Additionally, Torian is preparing to upgrade the Mt Stirling resource by the end of this month
  • Company shares are up 7.14 per cent and are trading at 4.5 cents

Torian Resources (TNR) has confirmed the Mt Stirling Gold System extends for over 1.1 kilometres and remains open in multiple directions.

The Western Australian project has been subject to extensive reverse circulation and diamond drilling which has yielded positive results and continued to extend the mineralised strike.

Recent results include four metres at 3.14g/t gold from 184 metres and 18 metres at 1.72g/t gold from 218 metres including 10 metres at 2.63g/t gold from 218 metres at one metre at 6.59g/t gold from 221 metres.

"Cracking one kilometre of strike at Mt Stirling represents a significant milestone for our company," Executive Director Peretz Schapiro said.

"With each batch of results received, it becomes clearer and clearer to us that we're sitting on something quite substantial at Mt Stirling," he added.

In addition, Torian has discovered a new western zone at the southeastern end of the project. The company plans to test this new zone in an upcoming drilling program.

Further, Torian Resources is preparing to report an interim JORC resource estimate by the end of this month.

The inferred mineral resource currently sits at 727,021 tonnes at 1.45g/t gold for 33,893 ounces. The upgraded resource will include results that have been delayed but are expected to be received this month.

"2021 is shaping up to be an exciting year for our company as we anticipate significant news flow over the coming weeks and months," Peretz concluded.

Company shares are up 7.14 per cent and are trading at 4.5 cents at 10:52 am AEST.

TNR by the numbers
More From The Market Herald
EcoGraf (ASX:EGR) - Managing Director, Andrew Spinks - The Market Herald

" EcoGraf (ASX:EGR) begins trading on OTCQX

Graphite company EcoGraf (EGR) has begun trading on the OTCQX market under the code ECGFF.
Australian Pacific Coal (ASX:AQC) plans capital raise

" Australian Pacific Coal (ASX:AQC) receives $33M offer for Trepang

Australian Pacific Coal (AQC) has received an offer for its Trepang property for over $33 million.
Shares in Riversgold (ASX:RGL) slide following underwhelming Q2 update

" Aurumin (ASX:AUN) receives best extension results to date at Golden Slipper

Aurumin (AUN) has received high grade results from reverse circulation drilling at its wholly owned Mt Dimer Project, northeast of Southern Cross in
Manuka Resources (ASX:MKR) - Executive Chairman, Dennis Karp - The Market Herald

" Manuka Resources (ASX:MKR) refinances debt facility, eyes silver production at Wonawinta

Manuka Resources (MKR) has agreed to extend its debt facility with TransAsia Private Capital to September 30 as the company continues to plan