Torian Resources has picked up the trail of what looks to be a series of pointers to a potential gold discovery at its Tyrannus prospect within its Mt Stirling project near Leonora in WA. Shallow auger vacuum samples have thrown up some compelling grades that require further teasing out including 1m at 4.64 g/t from 3m and 1m at 8.09 g/t gold from 1m.
Torian Resources has picked up the trail of what looks to be a series of pointers to a potential gold discovery at its Tyrannus prospect within its Mt Stirling project near Leonora in WA. Shallow auger vacuum samples have thrown up some compelling grades that require further teasing out including 1 metre at 4.64 grams per tonne from 3m and 1m at 8.09 g/t gold from 1m.
Other notable results from the auger vacuum drilling include 1m at 3.35 g/t from 3m and 1m at 3.07 g/t gold from 3m.
The work was done as a result of coincident arsenic anomolies discovered at surface that to-date have proven to be solid pathfinders for gold mineralisation at the project.
Gold mineralisation has been confirmed over a 600-metre strike length with auger vacuum selective sampling and arsenic rich anomolies. Torian has completed 219 auger vacuum holes in total for 1,359m over the Tyrannus, Wonambi and Ursus Northwest prospects and twelve interpreted anomalies will be immediately tested now with 16 RC drill holes.
Auger vacuum sampling extends exploration from previous surface sampling to a depth of 3 metres in the soil profile and the next step will be to test the bedrock with RC drilling in the most prospective target zones.
Auger vacuum drilling is essentially just a glorified but deeper soil sampling technique and whilst ore grades are not generally expected from this type of work Torian says it is pleased with anything over 0.02 g/t gold, making the program a standout success.
Pending assays from on trend prospects Wonambi and Ursus northwest are expected to extend the mineralised footprint from Tyrannus and Torian intends to build on the cornerstone Tyrannus mineralisation and construct a strong case for continuing with its planned 36-hole drilling campaign.
Torian Executive Director Peretz Schapiro said: “Today’s results continue to reaffirm our low cost and de-risked exploration strategy. This process ensures that when we do embark on an RC drilling campaign, it is highly targeted, thereby maximising our chances for success.”
“These early indications from Tyrannus indicate that we may indeed be onto something quite significant.”
"We look forward to further results from the entirety of the Mt Stirling Gold Project (Diorite East, Diorite North (Kiaora - Meteor), Mt Stirling SE, Mt Stirling East, Stirling Well, Hydra, Viserion, and Tyrannus) as well as the continuation of drilling at our high priority targets."
Torian Resources recently extended its Mount Stirling gold system a further 280 metres southeast beyond the previous resource boundary with mineralisation now intersected over 1,040m along strike. The company has now increased the known gold mineralisation at various prospects across multiple gold domains and its drilling campaign is in full swing.
The company says it has negotiated faster turnaround times for new assays around three times quicker than for most gold exploration companies.
New assays from Wonambi and Ursus are expected within two weeks in the midst of an exploration campaign designed to merge mineralization from Tyrannus, Wonambi and Ursus Northwest into the Mt Stirling East zones. Tyrannus is on trend along the Ursus fault from Red5's Cerebus-Eclipse 2.8Mt, 1.2 g/t gold resource for 112,000 ounces.
The Centauri deposit is also lurking in the area with a 1.7Mt, 1.5 g/t gold resource for 81,300 ounces.
Assays are expected from Torian's Kiaora-Meteor workings and Diorite East as soon as one week from now with additional assays from Mt Stirling East extension drilling expected within two to three weeks.
With twelve exciting targets to drill including six with zones holding gold at greater than one gram per tonne, the next 16 RC drill holes could deliver some notable bedrock gold intersections for Torian.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
