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Torian Resources Ltd.
Summary
| Project: | Mt Stirling | |
|---|---|---|
| Deposit: | Mt Stirling | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/14/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-10-2016: Torian Resources Ltd. announces an Exploration/Drilling Update report for its Mt Stirling deposit at the Mt Stirling project. Drilling results incl. 4m @ 12.98g/t Au from 17m. Torian Resources Limited (Torian or Company)(ASX:TNR) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Torian Resources Limited (Torian or Company)(ASX:TNR) is pleased to announce the next set of results from the current RC drilling programme at Mt Stirling. The Mt Stirling Prospect lies approximately 450m north-east of Mt Stirling Well. The initial round of 24 drill holes were designed to infill an area historically drilled to determine the strike extent of the mineralisation. The deepest hole in this programme was 85m however there are two historic RC drill holes to approximately 160m depth down dip of the area recently drilled. Drilling is now completed with 1,251m completed in this area. The Mt Stirling Project is located 40km northwest of Leonora in Western Australia. The Project lies 8km NW of the Tarmoola Gold Mine, which has produced in excess of 1 million ounces of gold to date. Current unmined resources at Tarmoola are believed to be in the order of 2.5 million ounces at an average grade of 5.3 g/t Au. The Mt Stirling Project is covered by extensive basalt outcrop and sub crop with minor areas of alluvial cover. The basalt is gently north-dipping and can be divided into predominantly massive basalts in the west and pillowed, variolitic basalts in the east. The massive basalts have been intruded by the Mt Stirling monzogranite, parts of which outcrop on the tenements. | |
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