Desktop Analysis Of Historical Data Uncovers Additional Areas Of Interest
Torian Resources Limited (ASX:TNR) has uncovered further potential targets with its ongoing desktop review and analysis of historical data being conducted on its 100% owned Mt Monger – Wombola projects in Western Australia.
The company’s geological team are in the process of assembling and interpreting all the historical drilling and exploration data on the company’s Mt Monger tenements.
Previous works related to the Prophecy, Pitu and Avnei Prospects and Mt Monger Gold Project, while recent studies have been focused on the Rummy, Andromeda and Hyperion Prospects which are located in the northern and eastern parts of the Wombola tenements respectively.
The historical exploration results from these prospects have only just been uncovered and as such have never been announced previously to the market.
The continuing desktop review of historical exploration data at Torian’s Mt Monger Project – Wombola area has so far uncovered 561 historical drill holes with over 31,000 metres of drilling within Torian’s tenements.
Historical drilling results have been uncovered at the Rummy, Andromeda and Hyperion Prospects within Torian’s Wombola Tenement. These prospects are located adjacent to the historical Wombola Dam and Wombola open-cut mining pits.
The company’s drilling team have been making excellent progress on the current drilling campaign at Mt Stirling. To date, 18 of 31 planned drill holes have been completed with two RC rigs, for a total of 3,291 metres having been drilled within and to extend the current resource at Mt Stirling.
Executive Director, Peretz Schapiro, said the objective of this drill phase is to confirm and extend the mineralised system in all directions (as it remains open to SE / NW and down-dip) and expand the current 33,900oz resource at Mt Stirling.
To date, samples from five drill holes from the current Mt Stirling drilling campaign have been submitted to ALS labs. This is in addition to the pending results from the >2,500m Diorite campaign (at the MinAnalytical lab), including 1,300m from Diorite East where mineralisation was intercepted in every hole.
“As previously announced we have had fresh eyes digging into the extensive datasets across our projects,” Mr Schapiro said.
In particular, we have embarked on a property-wide systematic exploration effort at the Mt Monger – Wombola Project which enfolds much of Silver Lake Resources (ASX: SLR) flagship Mt Monger Mine. The area has produced more than 1.67Moz with more than 330,000 oz mined in the last 24 months alone.
“We are encouraged by the fact that as we continue looking through and interpreting historical drill results, the number of high grade and significant gold intercepts uncovered increases at a healthy rate, indicating the potential for further discoveries. The volume of data that has now been analysed and interpreted, puts us in a position to make an informed decision as to how a forthcoming exploration program will best unlock value for our shareholders from our Mt Monger Gold Project.
“Regarding our ongoing drilling campaign at Mt Stirling, our drilling contractors and geological team have been making excellent progress. We have experienced minimal weather related or other delays, and are on track to complete the current 5,000m campaign at Mt Stirling in two to three weeks time. In addition to increased meterage, having two active rigs on site provides us with the flexibility of deploying one of them to follow up on positive results, whilst the other continues on the current planned campaign. “Torian is a company with excellent projects, in the right locations, next to some major operating mines, of which management is committed to systematically explore. We look forward to updating the market on the results of our exciting exploration programs across our multiple prospective gold projects.”
