Total
0
Shares
Sourced: Parks WA
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Torian Resources (TNR) is planning a new exploration drilling program at the Mt Stirling Gold Camp in WA
  • Drilling will focus on following up intersection of high-grade gold mineralisation
  • This program returned gold results grading up to 48 grammes per tonne
  • As well as this drilling campaign, a comprehensive program of prospecting and mapping will also be carried out
  • The aims of this program is to explore high priority targets that were identified by Southern Geological Consultants
  • Torian shares have dropped 11.8 per cent and are currently trading for 1.5 cents each

Torian Resources (TNR) is planning a new exploration drilling program at the Mt Stirling Gold Camp.

The Mt Stirling Project is located 40 kilometres northwest of Leonora in Western Australia and current resources at the project are expected to be in the range of 3.1 million ounces with an average grade of 1.5g/t gold.

This upcoming program will split Mt Stirling into two blocks; the Stirling Block and Diorite Block.

Drilling at the Stirling Block will be completed along strike and down plunge to test the system at depth.

Torian believes that the Mt Stirling Project may run to a depth similar to St Barbara’s (SBM) Gwalia Gold Mine.

The Gwalia Gold Mine is also located in Leonora and is considered the foundation of operations in the area. Gwalia has roughly 2.1 million ounces of gold in reserve, and has already produced four million ounces to date.

The focus at the Diorite Block will be mapping, sampling, and using systematic exploration techniques to locate more high priority drill targets.

These targets will then be tested by reverse circulation drilling.

Re-examination of previous programs has identified a number of deep intersections that are open at depth and have not been followed-up.

Torian has confirmed that these intersections contain broad areas of gold mineralisation.

High-grade results include 2.99g/t gold over 35 metres including 48g/t gold over two metres, and 2.34g/t gold over 10 metres including 5.1g/t gold over two metres.

Given these results, Torian has planned a new program of reverse circulation drilling to follow-up these intersections and test the mineralisation at depth.

As well as this drilling campaign, a comprehensive program of prospecting and mapping will also be carried out.

The aim of this is to explore and locate the 15 known mineralised areas at the Diorite King historic mining camp, and explore the high priority targets that were identified by Southern Geological Consultants.

“Together with drilling, we will now embark on a property-wide systematic mapping program as we move through our systematic approach for discovery,” Chairman Louie Simens commented.

“A priority focus will be placed on the Diorite prospect that contains the historical Diorite King and Diorite Queen mines,” he said.

Torian shares have dropped 11.8 per cent and are trading for 1.5 cents each at 1:53 pm AEST.

TNR by the numbers
More From The Market Herald

" Red River Resources (ASX:RVR) commences drilling program at Thalanga

Red River Resources (RVR) has commenced a drilling program targeting gold areas near its Thalanga Operations in northern Queensland.
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.