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Torian Resources Ltd.
Summary
| Project: | Zuleika | |
|---|---|---|
| Deposit: | Credo Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-3-2019: Torian Resources Ltd. announces a Resource Estimation report for its Credo Well deposit at the Zuleika project. Exploration target for Credo Well + drill results. Torian Resources Ltd (ASX: TNR) (Torian or the Company) is pleased to advise that | |
| Resources: | Exploration Target: 48Kt - 65Kt @ 2.66g/t Au - 3.62g/t Au | |
| CP/QP: | [Overall Report]: Lyndal Money (Internal) | |
| ABSTRACT: | Torian Resources Ltd (ASX: TNR) (Torian or the Company) is pleased to advise that it has taken further key steps as part of its recently announced strategy to rationalise its extensive Western Australian gold exploration portfolio and focus on the highly prospective Credo Well and Zuleika Projects near Kalgoorlie. The Company appointed BM Geological Services Pty Ltd in November 2018 to carry out an independent review of its three key project hubs – Mt Keith, Leonora and Kalgoorlie (see Figure 1). This body of work has resulted in the completion of initial JORC Resource estimates for the Mt Stirling and Malcolm prospects near Leonora (see ASX release, 25 February 2019); Exploration Targets for the Mt Keith prospect and the Calypso prospect at Leonora (see ASX release, 22 February 2019); and now Exploration Targets for several prospects within the immediate Kalgoorlie region, as reported in this announcement. The Company has been progressing a technical review of its assets using both geological and geophysical data and, together with the results of the independent review undertaken by BM Geological Services, is now refining its planned exploration strategy over the next 12 months. Torian Resources’ Managing Director, Mark Borman, said the Company had assembled one of the most strategic land‐holdings to be secured by a junior company in the Eastern Goldfields over the past five years, with a portfolio now spanning some 530 square kilometres across two core areas in the Kalgoorlie and Leonora mining districts. | |
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