Torian Resources Ltd (ASX:TNR) continues to extend the Mt Stirling Gold System with further drilling success in Western Australia.
Executive Director, Peretz Schapiro, said drilling hasexpanded the Mt Stirling system to over ~1.1km of strike, ~300m at depth and it remains open in multiple directions.
Cracking 1km of strike at Mt Stirling represents a significant milestone for our company,” Mr Schapiro said,
“With each batch of results received, it becomes clearer and clearer to us that we’re sitting on something quite substantial at Mt Stirling.
“We have demonstrated that we are ‘on the system’, with our immediate task being to define the actual footprint of Mt Stirling, as it continues to remain open along strike and depth.
“Should results confirm our interpretation of a shear-hosted gold system that continues at depth, for considerable down-dip depth, it would mean that Mt Stirling’s multiple gold structures continue to have the potential to depth and resemble that of regional operating gold mines e.g St Barbara’s 4.8Moz Gwalia Mine and Saracen’s 3.8Moz Thunderbox Mine, given it remains open in all directions.
“Results received continue to fill us with confidence that when our interim resource estimate is completed later this month, it will result in a significant update to our tonnage and gold ounces at Mt Stirling. The interim resource will provide the Company with strong fundamental backing as we continue our journey to develop Mt Stirling into a Gold Camp.
“In addition to attempting to prove up a larger footprint at Mt Stirling itself, we will soon be actively following up with other high priority targets in the region. For instance, there have been historical gold intercepts 1.2km NW and along strike from Mt Stirling.
“We are excited about a potential connection between Mt Stirling Well and Mt Stirling. We will be following up on the Blue Jacket prospect to the east, which has historical gold intercepts alongside some deep historical shafts, in addition to following up on the newly discovered eastern zone at Mt Stirling and the prolific Ursus fault. We are also looking forward to follow up work on Diorite, particularly around the high grade historical mines and soil and rock chip anomalies.
“2021 is shaping up to be an exciting year for our Company as we anticipate significant news flow over the coming weeks and months. We eagerly await the remaining results from Mt Stirling, some of which will feed into our resource upgrade, in addition to the results from 18 drillholes at Stirling Well, 19 exploratory drill holes at Diorite and the continued exploration of our Mt Stirling and Diorite projects.”
Significant new drill results include:
- 23m @ 1.45 g/t Au(from surface); including10m @ 2.02 g/t Au(from surface);and 1m @ 3.62 g/t Au (from 9m)
- 6m @ 4.58 g/t Au(from 49m); inc 1m @ 10.54 g/t Au (from 50m)
- 3m @ 9.91 g/t Au(from 158m); inc 2m @ 14.51 g/t Au (from 158m); and 1m @ 17.51 g/t Au(from 159m)
- 5m @ 1.72 g/t Au(from 232m); inc 1m @ 4.24 g/t Au (from 235m)
- 4m @ 1.32 g/t Au (from 296m);5m @ 2.21 g.t Au (from 308m); inc 1m @ 4.63 g/t Au(from 309m)
- 1m @ 2.38 g/t Au(from 206m);
- 6m @ 1.79 g.t Au(from 210m); inc 2m @ 2.73 g/t Au (from 210m); and
- 13m @ 1.44 g/t Au(from 272m); inc 2m @ 3.48 g/t Au (from 274m)
Mt Stirling Regional targeting has identified numerous Priority 1 and Priority 2 targets alongfour key structural corridors;Viserion Shear (3.4km);Wonambi Shear (2.2km);Ursus Fault (2.5km) andBlue Jacket (2.2km) for immediate follow-up exploration including AV drilling.
Torian is now fully funded to conduct its 50,000m drilling campaign in 2021.