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Torian Resources Ltd.
Summary
| Project: | Zuleika | |
|---|---|---|
| Deposit: | Paradigm East | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2017: Torian Resources Ltd. announces an Exploration/Drilling Update report for its Paradigm East deposit at the Zuleika project. Drilling results incl. 4m @ 9.32g/t Au from 24m. Torian Resources Ltd (ASX:TNR) (Torian or Company) is pleased to provid | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew P. Sullivan (Jemda Pty Ltd.) | |
| ABSTRACT: | Torian Resources Ltd (ASX:TNR) (Torian or Company) is pleased to provide an update on the recent RC drilling program at Paradigm East; part of the Company’s Zuleika Project. The drill program comprised seven holes for a total of 526 metres and was designed to infill the central portion of Paradigm East to a spacing of 20m by 40m. The holes were sampled as 4m composites however single metre samples have now been submitted to the lab for assay. Results to date show that gold mineralisation continues from Northern Star’s (ASX:NST) Paradigm Prospect onto Torian’s Zuleika Project tenure at Paradigm East and remains open at depth and along strike to the south east. There are also several other high priority targets surrounding Paradigm, particularly to the north and south, that have only been lightly explored. Further exploration is warranted and the Company has already commenced planning for the next exploration program. The Company’s 100% owned Zuleika Project consists of 125 tenements covering approximately 223km2 north, and partly along strike, of several major gold deposits. The Zuleika Project is located 40km northwest of Kalgoorlie and is accessed by well-maintained bitumen and all weather gravel roads. The southern boundary of the Project lies some 8km NW of the Kundana Gold Mine where in excess of 7 million ounces of gold has been discovered at an average grade of approximately 10 g/t. This region has experienced unprecedented exploration and corporate activity of late. This activity has been led by Northern Star Resources and Evolution Mining, two of Australia’s largest ASX listed gold miners. Additionally, Zijin, China’s largest gold producer, is extremely active with mining operations in this region, two of which immediately adjoin Torian’s tenements | |
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