Mt Stirling Viserion Further High Grade Intercepts
Perth, Feb 22, 2022 AEST (ABN Newswire) - Torian Resources Limited (
ASX:TNR) is pleased to provide progress of its 17,500m drilling campaign (RC and AV combined) at the Mt Stirling Project. Drilling currently being conducted includes:
o Mt Stirling / Viserion infill and extension (completed and extended with significant high grade Au assays received)
o Skywing gold targets (paused and results to be compiled and reviewed)
o Stirling Well extension commenced (12 planned DHs)
o Estera (high grade Au); further planned drilling
o High priority targets at Tyrannus (assays received); further planned drilling
o Hydra (assays received); further planned drilling
The Company anticipates releasing further results from its ongoing drilling campaign throughout the rest of February and March, with samples from multiple drill holes already at laboratories pending analysis in addition to results from future planned drilling.
An additional ~5,000m of AV drilling is currently underway to vector and expand the footprint of high-ranked regional Au (Gold); As (Arsenic); Y (Yttrium), and multi-element and structural targets across the project. The focus of AV drilling over the last week continues across the highly prospective Mt Stirling Central Yttria regional ~3km prospective strike reconnaissance lines.
A key priority of the current drilling campaign has been achieved which targeted the shallow portion of the Mt Stirling/Viserion gold deposit to be drill defined to JORC 'Indicated' category (~880m strike x ~125m depth) from surface 425m down to 300mRL. The Company anticipates that this is likely to increase the global project Au grade, expand the resource base and provide valuable data and confidence to a 2022 Q1 Optimisation Study.
With shallow resource drilling now complete, further deeper planned drilling will target resource extensions as gold system remains open at depth on all sections.
As already disclosed to the market, an updated global MRE for the Mt Stirling Gold Project is on track for the end of Q1 2022. (Subject to drilling efficiency and lab timelines). In addition to the results from this current round of drilling, the upcoming MRE will include previously announced results that were not included in the May 2021 MRE.
In an effort to expedite the drilling programme the Company has secured the services of three drilling contractors currently drilling throughout this month and into March. All three are presently onsite, in addition to an AV rig currently drilling on site.
As has already been disclosed to the market, the Company has secured the services of Minecomp to conduct a pit optimisation study, to assess the economics and unlocking value from the Mt Stirling / Viserion gold system.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/I14E5DW9
About Torian Resources Limited
Torian Resources Ltd (ASX:TNR) is a gold exploration and development company with an extensive and strategic land holding comprising eight projects and over 400km2 of tenure in the Goldfields Region of Western Australia.
Torian's flagship project, Zuleika, is located along the world-class Zuleika Shear. The Zuleika Shear is the fourth largest gold producing region in Australia and consistently produces some of the country's highest grade and lowest cost gold mines. Torian's Zuleika project lies north and partly along strike of several major gold deposits including Northern Star's (ASX:NST) 7.0Moz East Kundana Joint Venture and Evolutions (ASX:EVN) 1.8Moz Frogs Legs and White Foil deposits.
Torian's other projects include the strategically located Mt Stirling and Malcolm Projects in the Leonora region (near Red 5's King of the Hills Project), where it recently completed updated Mineral Resource Estimates and preliminary scoping studies, and a suite of other projects in the Kalgoorlie region including Credo Well JV Zuleika JV, Bonnie Vale, Gibraltar and Mount Monger/Wombola.
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