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Torian Resources Ltd.
Summary
| Project: | Mt Stirling | |
|---|---|---|
| Deposit: | Mt Stirling | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/18/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-11-2016: Torian Resources Ltd. announces an Exploration/Drilling Update report for its Mt Stirling deposit at the Mt Stirling project. Drilling results incl. 7m @ 10.80g/t Au from 46m. Torian Resources Limited (Torian or Company) (ASX:TNR) is pleased t | |
| 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 final results from the successful RC drilling programme at Mt Stirling Well. Torian has now mobilised a RAB rig to Mt Stirling to test a further target north of Mt Stirling Well. The final round of 14 holes were designed to step out laterally further from the area previously drilled to determine the strike and dip extent of the mineralisation. No holes to date have been drilled deeper than 115m. In addition, four previously drilled holes were extended by between 10-20m once a preliminary interpretation of the data had been completed. Also some earlier holes have returned final assays from the lab. This brings the total number of RC holes at Mt Stirling to 135 and the total number of metres to 6,143 in the 4 phases of drilling to date. The details are shown in the table below. The Mt Stirling Project is located 40km northwest of Leonora in Western Australia. The Project lies 8km NW of the Tarmoola Gold Mine (3.5Moz Au), 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. As advised to shareholders on 25 July 2016, Torian’s drilling program for FY2017 will see exploration targeted in two areas of mineralisation identified at the Mt Stirling Project. As seen in Figure 3 below, those two areas are Mt Stirling Well and Mt Stirling. The program consisted of approximately 5,000m of infill and extensional RC drilling at these two areas. Holes SWC066, SWC067, SWC085 and SWC086 were extended to 86m, 80m, 86m and 112m respectively. Additionally, a 3,000m RAB programme has commenced to determine if mineralisation exists at the granites/greenstone contact to the north of Mt Stirling Well. | |
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