At least 12 holes for 1,230 metres will be drilled at both Diorite East and Diorite North which will aim to test strike extensions of mineralisation uncovered during the Company's most recent Diorite drilling campaign.
Torian's Executive Director Mr
We are very excited for this drilling campaign to get underway, so that we can continue to learn more about this exciting project as we work towards making a significant discovery. We are also eagerly awaiting further drilling results from our ongoing drilling at Mt Stirling, which should be received withing the next couple of weeks.
We look forward to keeping the market updated on our progress. At Diorite East, drilling will follow up on a recently discovered significant 460m target zone with a peak 1m @ 2.19 g/t Au (from 8m DIRC006) and a further intercept 350m SE of 1m @ 0.96 g/t Au (from 80m DIRC009) (ASX release 9 August 2021).
Diorite East shares structural and geological similarities to Mt Stirling-Viserion structural setting in that both are NW-SE shear zones situated sub-parallel to the regional significant Ursus Fault. The current campaign will test the potential for mineralisation to significantly extend between and beyond reported pierce points as well as immediate strike extension and down-dip continuity of mineralisation along interpreted shallow target zone. At Diorite North drilling will test the strike extensions and explore the continuity and plunge of gold mineralisation to depth with the recently discovered intercept of 1m @ 4.66 g/t Au (from 109m DIRC014) obtained beneath the historical 'Unexpected Mine' workings to be followed up (ASX release 9 August 2021).
Additionally recent near surface intercepts have confirmed the mineralisation occurrence demonstrated by rock-chips DIR066 & DIR067 returning values of 9.04 g/t Au & 6.09 g/t Au respectively (reported ASX
Station Manager Appointment
The Company is pleased to announce the appointment of Mr
Joe completed his schooling at
Joe prides himself in sourcing and setting up dedicated and professional teams on a station to ensure that the cattle on any given station are at their best possible shape. Joe is also passionate about eradicating the ever-growing invasive weed infestations such as mesquite, parkinsonia and cactus within our pastoral regions and is currently the President of the Pilbara Mesquite Management Committee. Joe is feeling very positive and confident as he moves forward with immense enthusiasm in in his endeavour to make
Contact:
Email: info@torianresources.com.au
About Torian
Cautionary Note Regarding Forward-Looking Statements
This news release contains 'forward-looking information' within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget' 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or indicates that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be' taken, 'occur' or 'be achieved.'
Forward-looking information is based on certain factors and assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, Gold and other metal prices, the estimation of initial and sustaining capital requirements, the estimation of labour costs, the estimation of mineral reserves and resources, assumptions with respect to currency fluctuations, the timing and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the Project, permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in Gold prices; sources and cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labour costs; general global markets and economic conditions; risks associated with exploration of mineral deposits; the estimation of initial targeted mineral resource tonnage and grade for the Project; risks associated with uninsurable risks arising during the course of exploration; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalisation and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at the Project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation.
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