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Torian Resources Ltd.
Summary
| Project: | Mt Stirling | |
|---|---|---|
| Deposit: | Mt Stirling Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2016: Torian Resources Ltd. announces an Exploration/Drilling Update report for its Mt Stirling Well deposit at the Mt Stirling project. Drilling results incl. 7m @ 10.80g/t Au from 46m. Torian Resources Limited (TNR:ASX) is pleased to announce the f | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Torian Resources Limited (TNR:ASX) is pleased to announce the first results from the current RC drilling programme at Mt Stirling Well. The initial round of 48 holes were designed to step out laterally from the area previously drilled to determine the strike extent of the mineralisation. No holes to date have been drilled deeper than 72m. Drilling is continuing, with approximately 2,431m completed to date. A further 1,330m of drilling is in the process of being completed as part of the Phase 1 program. The remaining Mt Stirling drilling program is expected to be completed in October 2016. 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 one 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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