Total
0
Shares
2 at 2.60 g/t gold Source: Torian Resources
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Torian Resources (TNR) progresses its 17,500-metre drilling campaign at the Mt Stirling Gold Project in the Goldfields region of WA
  • Assays from reverse circulation drilling at the Hydra prospect have been received from the first five holes, with results including 2 metres at 2.6 grams per tonne (g/t) gold from 106 metres
  • Results from the remaining central and southeast areas will be drill tested once the reverse circulation drilling has been rounded off at Tyrannus, which is anticipated before Christmas
  • To expedite the drilling program, Torian has secured three drilling contractors who will be drilling throughout January
  • Torian Resources is up 5.26 per cent, trading at 2 cents at 3:20 pm AEDT

Torian Resources (TNR) has progressed its 17,500-metre drilling campaign at the Mt Stirling Gold Project in the Goldfields region of WA.

Assays from reverse circulation drilling at the Hydra prospect have been received from the first five holes.

Results included 2 metres at 2.6 grams per tonne (g/t) gold from 106 metres. Gold mineralisation dispersion was also present up-dip and along strike.

Primary gold associated within a quartz-feldspar porphyry unit were identified, however the interpreted high-grade footwall contact has not yet been fully tested.

Results from the remaining central and southeast areas will be drill tested once the reverse circulation drilling has been rounded off at Tyrannus. The company said it anticipates receiving the results from Tyrannus before Christmas.

Torian’s Executive Director, Peretz Schapiro said the company is pleased with the technical success of its first pass reverse circulation program at Hydra as it continues to develop its high priority targets at the Mt Stirling Gold Project.

“Our drilling program has made fantastic progress to date, with the procurement of additional rigs to put us ahead of schedule,” Mr Schapiro said.  

“We continue to be pleased by the efficiency of our drill program and turnaround time on assays from the lab.”

To expedite the drilling program, Torian has secured three drilling contractors who will be drilling throughout January.

The company said it aims to have an updated global MRE for the Mt Stirling Gold Project by the end of Q1 2022.

Torian Resources was up 5.26 per cent, trading at 2 cents at 3:20 pm AEDT.

TNR by the numbers
More From The Market Herald
Siren Gold (ASX:SNG) - Chairman, Brian Rodan

" Siren Gold (ASX:SNG) to begin scoping study at NZ gold projects

Siren Gold (ASX:SNG) will undertake a scoping study for underground development at its Big River and…

" Mad Paws (ASX:MPA) reports 199pc growth December-quarter revenue

Pet services marketplace Mad Paws (ASX:MPA) has reported operating revenue for the December quarter of $2…

" Vanadium Resources (ASX:VR8) increases stake in Steelpoortdrift Project

Vanadium Resources (A:VR8) increased its interest to 73.95 per cent in the Tier 1 Steelpoortdrift Vanadium…

" Stanmore (ASX:SMR) awards EPSA Pacific $564m open-cut mining contract

Stanmore Resources (ASX:SMR) has awarded EPSA Pacific a $564 million mining contract at its Isaac Downs…