- Torian Resources (TNR) uncovers two high priority targets at the Mt Stirling Gold Project in Western Australia
- The first target has been defined as an arsenic surface soil anomaly at the Tyrannus Prospect with peak arsenic values of 46 parts per million
- The second was discovered on the Viserion Shear and returned a peak arsenic value of 1244 parts per million
- Follow-up reverse circulation drilling will now be undertaken at both targets to test them further
- Shares in Torian are down 6.67 per cent and are trading at 2.8 cents at 11:24 am AEST
Torian Resources (TNR) has uncovered two high priority targets at the Mt Stirling Gold Project in Western Australia.
These targets were identified via surface portable x-ray fluorescent surveys and field work undertaken at the project over the recent weeks.
The first target has been defined as an arsenic surface soil anomaly at the Tyrannus Prospect.
It measures around 400 metres in strike and has returned a peak arsenic value of 46 parts per million (ppm).
It lies roughly 400 metres east of the Mt Stirling gold mineralisation and is situated along strike from Red 5’s (RED) Cerebus-Eclipse and Centauri deposits.
Follow-up reverse circulation (RC) drilling has been planned to further test the anomaly.
A second anomaly was also discovered to the immediate west of the Viserion mineralisation on the Viserion Shear.
It measures around 260 metres in strike and has a peak arsenic value of 1244 ppm.
Despite being in close proximity to multiple drill sections, this target has not been tested and it has the potential to be sub-parallel mineralisation.
Follow-up RC drilling has also been planned to further test the anomaly.
Executive Director Peretz Schapiro is excited to begin drilling at the project to unlock the potential of these anomalies.
“In addition to working on proving up further ounces at the open Mt Stirling Resource, we are continuing to uncover further high priority targets which we are excited to further explore,” Mr Schapiro said.
“As is clear from today’s announcement we are blessed that the Mt Stirling Gold Project is endowed with so many high priority and prospective targets. We are eager to recommence RC drilling at the project and look forward to keeping the market informed of our progress.”
Torian has also announced the successful initial public offering (IPO) of Monger Gold (MMG) on June 6.
The company holds a 10.71 per cent interest in Monger Gold as well as a 20 per cent joint venture interest in the projects.
Shares in Torian were down 6.67 per cent and trading at 2.8 cents at 11:24 am AEST.