Total
0
Shares
Exploration work at the Mt Stirling Gold Project. Source: Torian Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Torian Resources (TNR) has intercepted high-grade results from Diorite North, part of the company’s wider Mt Stirling Gold Project in WA
  • Best results include two metres at 12.18g/t gold from 20 metres, including one metre at 14.67g/t gold from 21 metres
  • The 10-hole drill program also intercepted shallow oxide gold mineralisation at Diorite East, returning best grade of 2.19g/t gold
  • TNR is already planning its next drilling campaign at Diorite, while the company reported yesterday it had extended the gold mineralisation at the Tyrannus prospect
  • Shares in Torian Resources are up 3.45 per cent at 3 cents each

Torian Resources (TNR) has intercepted high-grade results from the Diorite North prospect which is part of the company’s wider Mt Stirling Gold Project.

Located in Western Australia’s Goldfields region, Mt Stirling hosts a number of deposits includes Diorite North, Diorite East and Tyrannus.

The Diorite prospects host a number of historical gold mines and workings, including the
historical Diorite King mine that produced at 73 grams per tonne (g/t) gold.

Best results from recent drilling at Diorite North include two metres at 12.18g/t gold from 20 metres, including one metre at 14.67g/t gold from 21 metres.

A total of 10 holes were completed across 806 metres at the two prospects, with shallow oxide gold mineralisation found at Diorite East, including best grades of 2.19g/t gold.

Torian’s Executive Director Peretz Schapiro said these new results were encouraging.

“We have always believed in the prospectivity of Diorite as it is a historically mineral-rich tenure situated within a very prolific region of the Goldfields. Today’s discovery justifies this belief,” Mr Schapiro said.

“The shallow gold results in oxide at Diorite East are also very significant as it continues
to confirm our interpretation of the area regarding its structural and geological similarities to Mt Stirling-Viserion.”

Torian Resources has begun planning its next drill campaign at Diorite, designed to follow up on today’s assays.

The company also reported yesterday it had extended the gold mineralisation at the nearby Tyrannus prospect at Mt Stirling.

Shares in Torian Resources were trading up 3.45 per cent at 3 cents each at 2:57 pm AEDT.

TNR by the numbers
More From The Market Herald

" Leigh Creek Energy (ASX:LCK) signs offtake HoA with Daelim, shares spike

Leigh Creek Energy (LCK) stock has risen after the company signed a heads of agreement (HoA) with Daelim, a South Korean contractor, for
Blackstone Minerals (ASX:BSX) - Managing Director, Scott Williamson

" Blackstone Minerals (ASX:BSX) begins British Columbia drilling

Blackstone Minerals (BSX) has resumed drilling at the Gold Bridge Project in British Columbia, Canada.

" Frontier Resources (ASX:FNT) reports encouraging rock chip results

Frontier Resources (FNT) is reporting a number of encouraging results from a recent rock chip sampling program at its Gascoyne Project in Western
Galan Lithium (ASX:GLN) - MD, Juan Pablo Vargas de la Vega

" Galan Lithium (ASX:GLN) returns “excellent” assessment results from Candelas Project

Galan Lithium (GLN) said it has returned “excellent” preliminary economic assessment results from its Candelas Project in Catamarca, Argentina.