Highlights:
- Drilling contract awarded to family run Precision Exploration Drilling
- Programme to be kicked off in Q3 2020, with an initial 5,000m RC drilling campaign to continue to test the depth and strike of the current 1.45 g/t Au 33,900oz JORC inferred resource at Mt Stirling
- Assays from Phase 1 drilling returned grades of up to (refer ASX release 9/6/20):
o 4m @ 8.84 g/t (including 33.10 g/t over 1.0 m)
o 24m @ 1.26 g/t (including 2.89 g/t over 7.0 m)
- Phase 1 drilling has proven that the
- Mt Stirling drilling to be followed by a drilling campaign to test the extent of the 2.01 g/t Au 16,000oz Stirling Well JORC inferred resource
- 8,000 - 10,000m drilling campaign at the Diorite Block to commence in Q4 2020, where recent sampling returned grades of up to 21 g/t gold and 9.59 g/t silver in and around the historic 73 g/t Diorite King mine (refer ASX release 27/7/20)
- The Mt
- Company well-funded from recently oversubscribed Rights Issue
Torian Executive Director Mt
The focus of the upcoming campaign will be to build upon our previous drilling campaign at Mt Stirling, where we learned that the Mt Stirling resource does indeed continue at depth. We will look to further test this depth as well as the extent of the existing recourse.
Particular focus will be to follow up on our previous significant intercepts in the hanging wall zone of 2m at 48 g/t and 4m at 8.84 g/t (refer ASX release 9/6/20).
Drilling at Mt Stirling will be followed by a campaign at Stirling Well, where we will test the extent of the current JORC resource.
Following the drilling campaign at the Stirling Block, drilling will commence at the Diorite Block where we are in the process of planning an 8,000 - 10,000m drilling campaign. The campaign's targets align with the recent results of rock chip and soil sampling which returned grades of up to 21 g/t Au in and around the historic 73 g/t Diorite King mine, as well as by a detailed exploration following the report prepared by independent geophysical consultants,
We are excited by the coming campaigns, which are a testament to our commitment to systematically explore our tenements.
The Company is in a strong financial position and we will keep the market updated on our exploration efforts."
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About
Torian's flagship project, Zuleika, is located along the world-class
Torian's other projects include the strategically located Mt Stirling and Malcolm Projects in the Leonora region (near
Contact:
Non-Executive Chairman
info@torianresources.com.au
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