TORN RESO Highlights
Significant high-grade gold mineralisation intercepted at Diorite North from the Unexpected Mine Workings: 2m @ 12.18 g/t Au from 20m (DIRC030); inc 1m @ 14.67 g/t Au from 21m; with a further significant anomalous zone of 4m @ 4.95 g/t Au from 52m, 4m @ 1.41 g/t Au from 64m (DIRC031)
High-grade mineralised zone extends recent intercept of 1m @ 4.66 g/t Au
Torian's Diorite tenure hosts numerous historical mines and workings including the historic Diorite King mine that produced at 73 g/t Au
Shallow oxide gold mineralisation intercepted at Diorite East: 2m @ 1.11 g/t Au from 19m (DIRC022); inc 1m @ 1.51 g/t Au from 20m, 1m @ 1.75 g/t Au from 32m (DIRC023)
Drilling at
Diorite Drilling update
Significant high-grade gold mineralisation has been intercepted at Diorite North from the Unexpected Mine Workings with multiple high-grade and composite anomalous intervals returning: High-grade mineralised zone extends recent intercept of 1m @ 4.66 g/t Au from 109m (DIRC014; ASX 08/08/2021). Torian's Diorite tenure hosts numerous historical mines and workings including the historic Diorite King mine that produced at 73 g/t Au.
The Unexpected Mine Workings along with Diorite King, Diorite Queen and KiaoraMeteor prospects, all share structural links. Assays from Kiaora-Meteor also returned shallow mineralisation up to 1m @ 1.09 g/t Au from 29m (DIRC027).
A total of 10 RC drill holes for 806m were drilled at Diorite East and Diorite North.
Drilling at
Diorite East shares structural and geological similarities to Mt Stirling-Viserion structural setting in that both are NW-SE shear zones situated sub-parallel to the regional significant Ursus Fault.
Contact:
Email: info@torianresources.com.au
About Torian
Cautionary Note Regarding Forward-Looking Statements
This news release contains 'forward-looking information' within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget' 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or indicates that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be' taken, 'occur' or 'be achieved.' Forward-looking information is based on certain factors and assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, Gold and other metal prices, the estimation of initial and sustaining capital requirements, the estimation of labour costs, the estimation of mineral reserves and resources, assumptions with respect to currency fluctuations, the timing and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the Project, permitting and such other assumptions and factors as set out herein.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in Gold prices; sources and cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labour costs; general global markets and economic conditions; risks associated with exploration of mineral deposits; the estimation of initial targeted mineral resource tonnage and grade for the Project; risks associated with uninsurable risks arising during the course of exploration; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalisation and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at the Project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that cause results not to be as anticipated, estimated or intended, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking information. Forward looking information is made as of the date of this announcement and the Company does not undertake to update or revise any forward-looking information this is included herein, except in accordance with applicable securities laws.
(C) 2021 Electronic News Publishing, source
