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Torian Resources Ltd.
Summary
| Project: | Zuleika | |
|---|---|---|
| Deposit: | Zuleika | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-9-2016: Torian Resources Ltd. announces an Exploration/Drilling Update report for its Zuleika deposit at the Zuleika project. JV - drilling results incl. 12m @2.44g/t Au from 36m. Torian Resources Limited (ASX:TNR) is pleased to announce the first resu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Torian Resources Limited (ASX:TNR) is pleased to announce the first results from the current RAB drilling program at Target 18 at the Zuleika JV. The initial round of 30 holes were designed to test two historic targets (Targets 18 and 19) defined by historic wide spaced RAB and Aircore drilling dating back to the 1980s. Approximately 15,000m is planned with about 10% completed to date. Results have been received for the initial 10 holes at Target 18. Drilling is continuing as part of the Phase 1 program. The balance of the drilling program is expected to be completed in October/November 2016. This area contains a sheared package of mafics, ultramafics and felsic porphyries and lies north along strike from several significant gold deposits such as Bullant (9km), Wattle Bird (8km), Hawkins Find (6km) and Porphyry (5km). In many cases these deposits occur at or adjacent to sheared felsic porphyry units in contact with ultramafics. Evolution Mining Limited (ASX:EVN) are currently drilling at Johnsons Rest some 13km to the south. The structure at Targets 18 and 19 is associated with the Zuleika Shear and related cross cutting structures. The Zuleika Shear takes a prominent westerly bend in this area and this is considered favourable for gold deposits. | |
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