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Torian Resources Ltd.
Summary
| Project: | Zuleika | |
|---|---|---|
| Deposit: | Credo Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2017: Torian Resources Ltd. announces an Exploration/Drilling Update report for its Credo Well deposit at the Zuleika project. JV- Drilling results incl. 4m @ 32.51g/t Au from 27m. Torian Resources Limited (Torian or Company) (ASX:TNR) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew P. Sullivan (Jemda Pty Ltd.) | |
| ABSTRACT: | Torian Resources Limited (Torian or Company) (ASX:TNR) is pleased to announce the results of a recent RC drilling program at Credo Well, part of the Zuleika JV Project. The program consisted of a total of 32 holes for 2,221m and was designed to infill previous RC drilling and to test the extent of mineralisation surrounding modest historic mining in the area. No holes to date have been drilled deeper than 170m. Credo Well forms part of Torian’s Zuleika JV project and is located approximately 10km west of Paddington, 5km northeast of Mt Pleasant and some 20km north of Kundana. The area comprises some 16km2 of the Zuleika projects total 222km2. These results are very encouraging and cement Credo Well as a priority target for the 2017 exploration season. The planning of further drilling is now underway. Future drill programs will focus on not only Credo Well but also the lesser explored Fidelitas and Fortis prospects. Geological interpretation is showing the rocks in this area to be more complex than previously understood. This added complexity is encouraging and suggests potential for additional mineralisation styles to be present away from the main vein structure. Torian’s Managing Director, Matthew Sullivan said: “These results are very encouraging and demonstrate the potential of this region. We are building a better understanding of the gold mineralisation at Credo Well. Further drilling will be required to close off the mineralisation and refine various details of the geological model, including the location and geometry of the hanging wall vein” | |
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