Assay results from hole MSRD005 confirm ~120m Viserion lode significant extension at depth (-220m RL)
- 9.20m @ 2.99 g/t Au from 261m (MSRD005)
o inc 1m @ 6.88 g/t Au from 264m; and
o 1m @ 9.79 g/t Au from 273.50m
Viserion lode system dimension has significantly expanded to an interpreted ~300m x 120m from known drilled pierce points so far, with structural data confirming a significant inflection (further to the NW) from the
Additionally, the grade tenor is consistently >100% above the global resource grade, with down-dip continuity likely to persist to significant depth.
Viserion assays from section 1960N (Figure 1*) and section 1920N (Figure 2*) have previously returned significant gold mineralisation of (refer ASX release
- 9m @ 3.75 g/t Au from 88m (MSRC087)
o inc 6m @ 5.07 g/t Au from 90m; and
o 1m @ 12.36 g/t Au from 93m
- 4m @ 5.99 g/t Au from 133m (MSRC088)
o inc 2m @ 10.58 g/t Au from 134m
Furthermore, assays from
- 5m @ 1.10 g/t Au from 125m (MSRC054)
o inc 1m @ 1.86 g/t Au from 128m
- 5m @ 3.05 g/t Au from 42m (MSRC056)
o inc 1m @ 5.65 g/t Au from 44m; and
o 4m @ 0.92 g/t Au from 32m
- Viserion Shear (3.4km);
- Wonambi Shear (2.2km);
- Ursus Fault (2.5km) and
- Blue Jacket (2.2km)
These 4 structural corridors, provide in excess of 10km of prospective host stratigraphy and structural setting, and are immediately adjacent to known Mt Stirling mineralisation.
Conceptual, geochemical and structural targets will be tested in the coming months with the objective to extend and confirm multiple regional targets, to vector on anomalism and mineralisation for the next generation of gold resource(s).
Mt Stirling Well Phase 2 extensional drilling (35 RC holes) is scheduled to commence imminently. Particular focus will test the structural model of multiple stacked gold horizons at the prospect, and the systematic screening of sub-vertical to horizontal links between Mt Stirling and Mt Stirling Well gold systems, nearby both sub-parallel to
Mt Stirling mineralisation remains open, and the potential for further strike extension is evident. Multiple anomalous zones are also systematically being followed-up, which is also vectoring towards easterly and westerly anomalous and mineralised potential, with significant implications towards continued increase to Project tonnage and global resource.
Torian's Executive Director Mr
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
Our average grade intercepted to date, significantly exceeds the average grade of nearby regional gold mines, providing us with important optionality when it comes to processing our ore. We have the ability to utilise existing mills in the region with our higher grade feed, or even the potential to develop our own facility down the track.
These results continue to fill us with confidence that when our interim resource is completed later this month, it will result in a significant upgrade 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 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."
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About
Torian's flagship project, Zuleika, is located along the world-class
Torian's other projects include the strategically located Mt Stirling and Malcolm Projects in the Leonora region (near
Contact:
Executive-Director
info@torianresources.com.au
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