Torian Resources’ gold assays confirm extension of Mt Stirling system

Torian Resources Ltd (ASX:TNR) has received positive assay results from the Mt Stirling Gold Project in Western Australia that confirms strike extension of more than 680 metres in all directions. Diamond (DD) and reverse circulation (RC) drilling are ongoing at the Mt Stirling Gold Project, with the objective of continuing to test and define the depth and strike of the gold system with an immediate five extensional drill holes for around 2000 metres planned and in-progress. Mt Stirling phase 1 and phase 2 assays, including assays from the NW, are pending while best results from 1920N include: 9 metres at 3.75 g/t gold from 88 metres including 6 metres at 5.07 g/t from 90 metres and 1 metre at 12.36 g/t from 93 metres; and 4 metres at 5.99 g/t from 133 metres including 2 metres at 10.58 g/t from 134 metres. Further results from down-dip hole MSRC089 are pending while results from 1680N include significant gold mineralisation of: 4 metres 2.22 g/t from 23 metres including 1 metre at 5.19 g/t from 25 metres. The company has renamed the NW high-grade lode of the Mt Stirling Gold System the ‘Viserion lode’. Much larger gold system Torian’s executive director Peretz Schapiro said: “As we have been saying for some time, the geology at Mt Stirling has indicated to us that the gold system there is much larger than what was originally defined. “Earlier this week we continued to affirm this assumption with the discovery of the eastern mineralised zone. “Today we take another important step in this direction with the results from the NW confirming that we are unearthing a giant, much larger system than we had previously anticipated. “Importantly, the system still remains open to the NW, and we eagerly await further results from this domain as we continue to expand this system.” “Excellent indicator to vector in on gold mineralisation” Schapiro added: “The discovery of this significantly mineralised gold lode in the NW confirms that the recently defined (pXRF) arsenic leaking structures were an excellent indicator to vector in on gold mineralisation, confirming our hypothesis at the time. “This gives us great confidence in our regional target generation strategy and in the geological and structural interpretation from our Senior Geologist Claudio Sheriff-Zegers. “As such, we have expanded our field team and boosted our man-power to fast-track regional assessment and enhance further target generation. “Torian has honed its exploration methods to prioritise over 200 targets, ensuring a pipeline of quality targets which will pave the way for further discoveries.” “Further assays will continue to confirm the breadth and predictability of the gold system, enabling Torian to proudly state that the drilling program has advanced to ‘on-going’ for the remainder of 2021.” Resource upgrade Phase 3 drill program continues with extensional resource diamond drilling on 80 metres spacing, strategically planned to test structural model, extend resource, and vector on predicted plunge positions across 360 metres of the interpreted 1,250 metres Mt Stirling mineralised strike. Torian is awaiting results from 31 drill holes at Mt Stirling, 18 holes at Stirling Well and 19 holes from Diorite, with results forthcoming. Results received to date bode well for Mt Stirling interim JORC resource upgrade due Q1 2021. Schapiro said: “Additionally, the current round of results received from Mt Stirling continues to add considerable tonnage and ounces which will significantly increase the global scale and grade of the resource.   “We are additionally encouraged by what looks to be a significant continuation of the predicted gold system at depth, with our diamond drillers encountering significant Viserion lode material adding a further around 120 metres extension to the resource. “All the above (increase in strike, depth, and historical grade) gives us great confidence that when our interim resource is completed in the first quarter of this year, will result in a significant upgrade to our tonnage and gold ounces.” The year ahead Schapiro said: “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 results from an additional 11 drill holes from Phase 1 of the Mt Stirling program, along with results from 18 drill holes at Stirling Well, 21 exploratory drill holes at Diorite and the results from Phase 2 and the continuing phase 3 at Mt Stirling which now includes extensional diamond drilling.”