Gold and rare earths explorer Torian Resources continues to rake in the high-grade gold hits at its Mt Stirling gold project approximately 40km north-west of Leonora in WA. The results include an 8-metre intersection returning 8.26 grams per tonne gold from 153m, with an internal hit of 5m running at 12.74 g/t gold from 153m with a further 1m containing an eye-catching 34.8g/t from 156m.
Torian’s latest results form part of a 17,500m drilling onslaught at its flagship precious metals project where the company is set to deliver a global mineral resource estimate in the first quarter of this year.
Other significant results returned from the program include 4m grading 7.09 g/t gold from 72m with an 1m internal high-grade intercept peaking at 21.14 g/t gold from 73m.
According to management, shallow resource drilling at its leading Mt Stirling gold play is nearing completion with results to feed into the upcoming mineral resource estimate. The company is looking to define a JORC ‘indicated’ resource over a strike of 880 metres down to a depth of about 125m.
Encouragingly, the impending resource estimate will include a sequence of results absent in the May 2021 resource estimate, in addition to the company’s latest round drilling campaign at Mt Stirling.
The company says a total of 39 of 42 planned holes have been completed with further deeper drilling planned to target resource extensions as the gold system remains open at depth.
Toiran has also advanced extensional drilling at its nearby Skywing prospect where it has eked out a shallow flat dipping lode system striking over 800m to depths of 220m.
A total of 27 of 36 planned holes are now finalised at Skywing where the aim is to fast track its inclusion into the ongoing mining optimisation study.
Other planned upcoming RC drilling will target the nearby Tyrannus, Hydra, Stirling Well and Estera gold lodes in follow-up programs.
The company has produced a constant news flow in recent weeks as four rigs continue to sink the metres into the Mt Stirling and Skywing gold targets along with extending the footprint of the exciting Yttria rare earth elements discovery.
Torian Resources Executive Director, Peretz Schapiro said:“The continued receipt of positive results indicates that the updated global MRE will deliver on our state goals of significantly increasing the size of the Mt Stirling/Viserion resource as well as upgrade a significant portion of it to the JORC Indicated category.”
“We are also eagerly awaiting the results from the AV drilling over the yttrium anomaly at Mt Stirling Central. Since discovery, pXRF analysis has continued to extend the strike of this surface anomaly footprint making it potentially larger than initially thought.”
The project occupies some prime real estate with several major gold deposits located nearby, the most prominent being Red 5 Limited’s 4.1 million ounce King of the Hills mine and of increasing importance Lynas Rare Earths’ Mt Weld deposit.
As Torian enters the home straight of the resource drill out at its Mt Stirling gold project with a swarm of rigs continuing to plumb the extents of gold mineralisation, the market meerkats are poised in preparation to find out just how much of the precious yellow metal the company is hoarding.
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By Matt Birney
