ASX-listed gold explorer Torian Resources has tabled another rousing set of numbers from the latest drilling campaign at its flagship Mt Stirling gold project approximately 40km north-west of Leonora in WA. The results include a 10-metre intersection at 9.64 grams per tonne gold from 105m, with a brace of internal sections running 6m at 15.14 g/t gold from 105m and 1m grading 25.07 g/t gold from 110m.
Other notable hits from infill and extensional drilling at Mt Stirling and Viserion include 6m going 5.81 g/t gold from 77m including 1m going 9.24 g/t from 81m.
A longer 19m intersection came in at 2.01 g/t gold from 107m and included 1m at 13.65 g/t from 120m.
According to Torian, its resource definition play at Mt Stirling is humming along with 25 holes of a 38-hole drilling campaign completed. Torian says it has also worked up a plan to sink an additional four holes targeting south-east extensions at the Mt Stirling and Viserion resource.
The company has also advanced extensional drilling at its nearby Skywing lode, with 17 of 36 planned holes now complete.
Torian’s latest work forms part of a 17,500m drilling blitz at its flagship precious metals project.
The company has tied down three RC and one aircore rig and has been using the fleet to great effect, peppering its WA ground holdings as it looks to eke out more high-grade gold. Management says the RC rigs are plugging away on brownfield resource definition and extensional drilling, whilst the solitary aircore rig is chipping away at a string of regional gold, arsenic and yttrium structural targets.
A global mineral resource estimate is now being generated over the Mt Stirling gold project area and is expected to be completed in the next few months. The looming resource estimate will take in a sequence of results yet to be included in addition to the company’s latest results from drilling at Mt Stirling.
Torian Resources Executive Director, Peretz Schapiro said:“Both the grade and width of today’s gold results bode exceptionally well for a potential resource upgrade in both size and confidence later this quarter. Additionally, we are encouraged by the impact that these results may have on the underground mining potential of the system, which will be considered in our upcoming optimisation study.”
Torian’s precious metals coup at Mt Stirling follows a significant rare earths find at its nearby Yttria prospect that forms part of the larger Mt Stirling project area in the Eastern Goldfields of WA.
The rare earths discovery includes a slew of hard to find “heavy” rare earths such as dysprosium in addition to terbium, europium, neodymium and yttrium and anomalous shows of cobalt, scandium, nickel, chromium, palladium and platinum across a 1-kilometre plus strike length.
Torian is confident its enormous campaign at Mt Stirling will yield more gold in the area. Mines in the region such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights, and Gwalia have produced almost 14 million ounces of gold. Torian’s Mt Stirling project is adjacent to Red 5's growing 4.1-million-ounce King of the Hills gold project. If the company can continue delivering with the drill bit, it could position itself as one to watch in 2022, particularly with both its gold and rare earths hunt seemingly firing on all cylinders.
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