Furthest NW Phase 1 Assays Confirm High-Grade
Extension of Mt Stirling Gold System
Highlights:
First assays from the furthest NW Phase 1 (Section 1840N) MSRC061 return significant results
of 5m @ 4.42 g/t Au from 73m including 1m @ 6.07 g/t Au from 77m
Results confirm extension of Mt Stirling strike of mineralisation by at least 80m to the NW
Significantly, three additional NW extension Phase 2 drill sections, occur in direct NW strike of
MSRC061 gold intercept, for a further 120m extension of interpreted mineralised strike
These 3 additional NW extension sections have also all intercepted a larger second significant
mineralised Shear Zone to the immediate West, with high levels of arsenic in sulphides,
significant fuchsite, chlorite and biotite alteration, and up to ~26m down-hole intercept for an
interpreted 10m true-width zone
Torian has expedited processing of NW extension drill holes MSRC087- 88 with assays pending
Phase 3 (first of 5 diamond holes) MSRD001 (section 1640N) has intercepted and extended
Hanging Wall and Main Zone mineralisation (~250m below surface) for a further ~80m
directly down-dip of previous high grade MSRC025 intercepts, with assay results also pending
Mineralisation and structural positions encountered are consistent with previous high grade gold
zones on section which returned Hanging Wall intercept of 4m @ 8.84 g/t Au (from 187m
MSRC025); inc 1m @ 33.10 g/t Au (from 188m) and Main Zone 17m @ 1.66 g/t Au (from
234m); inc 3m @ 5.17 g/t Au (from 234m) and 1m @ 9.20 g/t Au (from 235m) (ASX release
6/1/21)
The interpreted strike of the Mt Stirling gold system now exceeds ~600m
Mineralisation footprint strike and depth extents so far are on par and consistent with regional
significant discoveries, e.g. St Barbara’s (ASX:SBM) 4.8Moz Gwalia Mine and Saracen’s
(ASX:SAR) 3.8Moz Thunderbox Mine, with the Mt Stirling Gold System remaining open in all
directions
Phase 3 drill program continues with extensional resource diamond drilling on 80m spacing,
strategically planned to test structural model, extend resource, and vector on predicted plunge
positions across ~360m of the interpreted ~1,250m Mt Stirling mineralised strike
Torian 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
Replay of investor webinar held on January 27 can be viewed at:
- Forums
- ASX - By Stock
- ASR
- Ann: Phase 1 Assays Confirm High-Grade Extensions at Mt Stirling
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