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TORN RESO

(TNR)
Delayed Australian Stock Exchange  -  02:10 2022-05-18 am EDT
0.0360 AUD   +5.88%
05/30TORN RESO : MS-Viserion Significant High Grade Gold Extensions
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05/23TORN RESO : Mt Stirling continues to return high grade gold extensions
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05/12Torian Resources Finds Cobalt, Scandium at Mt Stirling Project; Shares Rise 6%
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Torian Resources Limited - Additional significant intercepts at Mt Stirling Gold Project

03/25/2022 | 08:05am EDT

Torian Resources Limited's (ASX: TNR) ongoing drilling campaign at its flagship Mt Stirling Project in Western Australia's Eastern Goldfields has returned additional significant gold intercepts, extending mineralisation beyond previous resource boundaries.

Ahead of announcing a new Total Mineral Resource Estimate (MRE) next month, drilling across 160 holes at Mt Stirling's identified MS Viserion Gold System was highlighted by a 33m intersection from 196m @ 1.78 g/t Au and 5m @ 8.52 g/t Au which includes 2m @ 16.19 g/t Au and 1m @ 20.70 g/t Au.

The company has now completed 16,792m of Reverse Circulation (RC) infill and extension drilling at MS Viserion, where the strike extends 1.2km SW to NW and 250m at depth. Mt Stirling hosts a current JORC compliant total mineral resource estimate of 118,400 gold ounces1 and lies 8km northwest of Red 5's (ASX:RED) King of Hills gold mine, which has produced more than 1 million ounces of gold to date.

Torian Executive Director, Mr Peretz Schapiro, said the drilling results had increased the company's confidence in Mt Stirling's upcoming Mineral Resource Estimate. 'We have identified a multitude of structural prospective down-dip and along plunge gold target zones at MS Viserion for continued resource ounce discovery and expansion,' Mr Schapiro said. 'Two RC rigs are now conducting a further 3,481m of extensional drilling over 21 holes, ahead of the upcoming resource update, and an Optimisation Study thereafter.'

Mr Schapiro said results from the Skywing prospect were currently being reviewed while further drilling was also planned to potentially delineate a maiden resource at Estera, as well as follow up on the Hydra and Tyrannus high grade targets where significant assays were returned.

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.'

Contact:

Tel: +61 8 9420 8208

Email: info@torianresources.com.au

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
RED 5 LIMITED 1.72% 0.295 Delayed Quote.1.72%
TORN RESO 5.88% 0.036 End-of-day quote.56.52%
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Managers and Directors
Michael Melamed Chief Financial Officer
Paul Summers Executive Chairman
Peretz Schapiro Executive Director
Norman Mathew Longworth Non-Executive Director
Leonard Vun Chee Math Secretary
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