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Torian Resources Ltd.
Summary
| Project: | Zuleika | |
|---|---|---|
| Deposit: | Paradigm North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-4-2018: Torian Resources Ltd. announces an Exploration/Drilling Update report for its Paradigm North deposit at the Zuleika project. No significant assays results over 0.5g/t Au returned. Torian Resources Ltd (Torian or Company) (ASX:TNR) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Matthew P. Sullivan (Jemda Pty Ltd.) | |
| ABSTRACT: | Torian Resources Ltd (Torian or Company) (ASX:TNR) is pleased to announce the initial results from its planned 30,000m drilling program for FY2018. This extensive program is designed to test multiple high priority exploration targets at the Company’s flagship Zuleika and Malcolm projects. The present announcement details initial results from its maiden drilling program at Paradigm North which forms part of its Zuleika Project. As announced on 6 November 2017, Torian’s current exploration program is targeting several high priority prospects at its flagship Zuleika Project including Paradigm South, Paradigm North and Target 18. The program is also targeting several areas at its Malcolm Project including Dover Castle South, Calypso and Dumbarton’s. As seen in Figure 1 below, the Zuleika Project lies 50km Northwest of Kalgoorlie in the Eastern Goldfields Region of Western Australia. The Project comprises approximately 200km² of tenure along and adjacent to the Zuleika Shear and related structures. The Project was acquired by Torian in 2015 and is located amongst numerous active gold mines. In addition the Company is announcing that, as part of a restructure and relocation of the Board, its east coast Board members have resigned and have been replaced with Perth-based directors and a local company secretary. This will allow the Company to operate more efficiently in pursuit of its stated strategy to achieve exploration Joint Ventures and asset acquisitions in order to benefit shareholder value. Given its Western Australian landholdings and operations, a localised Board is a favourable pursuit by the Company. The Company is also undertaking a recruitment process that may result in the addition of a suitably qualified Chairman to assist the Company in the pursuit of its stated objectives. | |
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