Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Gold and copper explorer Torrens Mining (TRN) has been granted one new tenement, EL7331, within its Mt Piper Gold Project in Central Victoria
  • The new land paves the way for drilling to commence at the Northwood Hill Prospect
  • Torrens says the tenement represents an exciting drill target with significant near-surface gold intercepts already identified
  • Drilling at Northwood Hill is expected to commence in April or May
  • Torrens is in the grey on the market today and is trading at 15.5 cents per share

Torrens Mining (TRN) has been granted one new tenement, EL7331, within its Mt Piper Gold Project in Central Victoria.

The granting of EL7331 paves the way for drilling to commence at the Northwood Hill Prospect, where a large gold anomalous corridor was found by Perseverance Mining in the early 1990s.

Torrens says the new tenement represents an exciting drill target with significant near-surface gold intercepts already identified.

Managing Director Steve Shedden says the granting of the tenement is a significant milestone for the company.

“We now have drill targets ready to go,” he said.

“Historical drilling results by Perseverance, a predecessor company to today’s Kirkland Lake Gold, the operator of the successful Fosterville Gold Mine, defined a five-kilometre highly anomalous gold corridor at Northwood Hill. Those results point to this zone being a really important, yet poorly explored, gold target,” he added.

Drilling at Northwood Hill is expected to commence in April or May.

Torrens is in the grey on the market today and is trading at 15.5 cents per share at 10:41 am AEST.

TRN by the numbers
More From The Market Herald
AVZ Minerals (ASX:AVZ) - Managing Director, Nigel Ferguson

" AVZ Minerals (ASX:AVZ) begins trading on the OTCQX Best Market

AVZ Minerals (ASX:AVZ) has begun trading on the OTCQX Best Market under the ticker code AZZVF.
Far East Gold (ASX:FEG) - Chairman, Paul Walker

" Far East Gold (ASX:FEG) to begin trading on ASX

Far East Gold (ASX:FEG) will begin trading on the ASX today following an initial public offering…
Metalicity (ASX:MCT) - Managing Director, Justin Barton

" Metalicity (ASX:MCT) issues second lot of shares to shareholders of takeover target Nex Metals Exploration (ASX:NME)

Metalcity (ASX:MCT) issues second tranche of consideration shares in attempt to takeover Nex Metals Exploration (ASX:NME)

" Red River Resources (ASX:RVR) settles royalty issues, plans to restart underground mine

Over the December quarter, RedRiver Resources (ASX:RVR) resolves royalty issues and made plans to restart an…