ASR asra minerals limited

Ann: Credo Well Exploration Update - Phase 1 Drilling, page-2

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    Torian Resources Limited (Torian or the Company) is pleased to announce the following update on
    the exploration program at its Credo Well gold joint venture exploration project in northern Kalgoorlie
    Goldfields, in which Torian has a 50% interest with joint venture partner Dampier Gold Limited
    attached herewith.
    Non Executive Chairman, Louie Simens, said: “Torian is encouraged by the drilling results of the
    first phase drilling at Credo and to confirm that the hole orientation selected has proven quartz veins
    and sulphides at targeted intersections and demonstrating continuity of the targeted gold host
    structures along strike and down dip is very impressive by our Joint venture partners. We look
    forward to the assay results and further confirming the drilling results.
    Torian’s internal focus is to direct as much cash as possible into the ground at the Mt Stirling Gold
    Camp, with background work having already commenced at the Mt Stirling Gold Camp.
    The Mt Stirling Gold Camp sit’s adjacent to Red 5’s tenure, which hosts the King of the Hills (KoTH)
    mine.
    Further field works will be undertaken in the near term with a great deal of focus to be put on the
    Diorite prospects within Mt Stirling. The aim of the project will be to systematically uncover the best
    prospects before commencing on a major drill programme at the Mt Stirling Gold Camp. Over the
    course of the programme, a concerted effort will be made to keep our cost per discovery ounce as
    low as possible whilst adding tonnes.
 
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