Torian Resources meets fundies to tap into gold rush Gold deals...

Torian Resources meets fundies to tap into gold rush

Gold deals are sweeping through the market. Evolution Mining agreed to pay $440 million for La Mancha's Australian assets, Barrack's showing tyre-kickers through its Cowal and Porgera mines and investors are looking for a way to make a buck out of the activity.
Gold junior Torian Resources is one company trying to tap into the interest.
It's understood Torian has booked meetings with microcap fund managers in Melbourne on Thursday, seeking to explain its story and attract investors for future equity raisings.
Torian has undergone sweeping changes in the past few months. It formed an alliance with privately owned Cascade Resources in March and later entered into a binding joint venture with Cascade on the Zuleika Gold project in April.
The Zuleika shear is based in Western Australia's eastern goldfields, nearby to operating mines owned by the acquisitive Northern Star and Evolution's Frogs Legs and White Foil.
Torian is also run by Matthew Sullivan, who is one of six geologists in Australia to fund gold deposits with more than 6 million ounces twice.
The company has stated it wants to raise about $2 million in coming weeks. Brokers expect that number could be increased to $5 million.