- Torian Resources (TNR) releases further assay results from its Stirling Gold Project near Leonora, Western Australia
- The latest results come from reverse circulation drilling across the Mt Stirling and Viserion gold deposit with grades peaking at four meters at 6.67 grams of gold per tonne
- This is on the back of results released at the end of 2021 with 4.76 grams of gold per tonne over four metres and further results expected over the coming weeks
- The program is ongoing with a combination of RC and AV drilling, and TNR has secured additional rigs to accelerate work
- Shares have been trading grey at 2.2 cents
Torian Resources (TNR) has updated the market on the latest assay results from its Stirling Gold Project in Leonora, Western Australia.
A 17,500 metre reverse circulation and AV drilling campaign is underway across the Mt Stirling-Viserion gold deposit.
The reverse circulation work is focused on increasing the JORC Code indicated category resource from surface, with nine drill holes completed so far. An updated Mineral Resource Estimation (MRE) is expected by the end of quarter one of this year.
The latest assays include four metres at 6.67 grams of gold per tonne (g/t) from 52 metres and eight metres at 1.21 g/t gold from 70 metres which included one metre at 2.47 g/t from 72 metres.
This is on the back of results released at the end of 2021 which included 4.76g/t gold over four metres including a higher-grade of 9.24g/t gold over one metre.
Multiple drill holes are pending single meter assays from anomalous composite assay
results which are expected within 2 weeks.
Torian also anticipates further results throughout this month, with 38 further drill holes to complete the planned Mt Stirling and Viserion drill phase.
Plans are in place for a further 5,000 metres of AV drilling to vector and expand the footprint of high-ranked regional gold, arsenic, multi-element and structural targets across the project area.
While the main focus is on upgrading the confidence of the resource, TNR said it is also aiming to add ounces by extending the strike and selective depth of the gold system.
In an attempt to accelerate the drilling work, the company secured three RC contractors and one AV contractor to conduct the planned activities through this month and into February.
Kalgoorlie based, survey and mine planning company Minecomp has also been engaged to conduct a pit optimisation study.
Shares were trading grey at 2.2 cents at 1115 AEDT.