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Torian Resources Ltd.
Summary
| Project: | Mt Stirling | |
|---|---|---|
| Deposit: | Mt Stirling | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-5-2019: Torian Resources Ltd. announces a Scoping Study report for its Mt Stirling deposit at the Mt Stirling project. Scoping Study results positive for Mt Stirling. Torian Resources Limited (ASX: TNR, “Torian” or “the Company”) is pleased to present | |
| Resources: | ||
| CP/QP: | [Overall Report]: Lyndal Money (Internal) | |
| ABSTRACT: | Torian Resources Limited (ASX: TNR, “Torian” or “the Company”) is pleased to present the outcomes of a Scoping Study on its 100%-owned Mt Stirling Gold Project (“Project”), located near the town of Leonora in Western Australia in a well-established mining district. The Scoping Study was managed by independent mining consultants Minecomp Pty Ltd (“Minecomp”), with inputs from BM Geological Services Pty Ltd (BMGS) and Torian Resources, and was based on open pit mining within the existing Inferred Mineral Resource of 981,000t grading 1.6g/t Au for 50,300 contained ounces (refer Table 2 on page 3 below). The Mt Stirling and Stirling Well deposits are located approximately 10km north-east of Red 5 Limited’s King of the Hills (formerly Tarmoola) gold mine, within a broader tenement package which adjoins the broader regional tenement package owned by Red 5 (Figure 1). SCOPING STUDY BASE OUTCOMES The Mt Stirling Project Scoping Study assumes a conventional truck and excavator operation mining open cut pits to a maximum depth of 40m, a gold price of AUD$1,700, with trucking to one of the nearby treatment facilities and processing by traditional CIP circuit. Geotechnical parameters used for the conceptual pit design are based in part on observations made on the existing small underground workings combined with initial parameters used elsewhere in the Goldfields region. | |
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