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Torian Resources Ltd.
Summary
| Project: | Malcolm | |
|---|---|---|
| Deposit: | Calypso | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2019: Torian Resources Ltd. announces a Resource Estimation report for its Calypso deposit at the Malcolm project. Exploration target for Calypso. In late November 2018 Torian Resources Ltd (ASX:TNR) (“TNR” or the “Company”) commission | |
| Resources: | Exploration Target: 2.942Mt - 3.981Mt @ 1.62g/t Au - 2.20g/t Au | |
| CP/QP: | [Overall Report]: Lyndal Money (BM Geological Services Pty Ltd.) | |
| ABSTRACT: | In late November 2018 Torian Resources Ltd (ASX:TNR) (“TNR” or the “Company”) commissioned consultants BM Geological Services Pty Ltd (“BMGS”), to provide independent estimates of gold exploration targets at Torian’s gold prospects. The Calypso and Mt Keith Prospects are the first BMGS reports to have been received and verified by the TNR technical team. Further exploration targets from Torian’s other prospects prepared by BMGS will be released over the coming weeks. This work was commissioned to provide an independent examination of TNR projects and included looking at results of various drill programmes both historical and carried out by TNR, also geological mapping, data capture and interpretation and other exploration methods. The results are being used to assist the Company in prioritising its future exploration strategy. Exploration Targets All available results from previous exploration drilling have been compiled and an Exploration Target defined for the Calypso and Mt Keith Projects. The current Exploration Targets in these two areas are estimated to be between 3.0 and 4.1 million tonnes at a grade of between 1.6g/t to 2.2g/t Au (Table 1); highlighting the regions potential to host a large gold deposit. The Exploration Targets for the Calypso and Mt Keith Projects, describing the potential quantity and grade, are conceptual in nature. There has been insufficient exploration completed to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. | |
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