Torian Resources Ltd (ASX:TNR) is a highly active gold exploration and development company with an extensive and strategic land holding comprising six projects and over 400km² of tenure in the Goldfields Region of Western Australia. All projects are nearby to excellent infrastructure and lie within 50km of major mining towns.
Torian is continuing with its exploration strategy aimed at making significant gold discoveries that have near term production potential. The Company is entering an exciting phase in its development as its exploration to date has already resulted in several gold discoveries and provided a greater understanding of its existing projects.
Torian’s flagship Mt Stirling Project is situated approximately 40km NW of Leonora, and neighbours Red 5’s Kind of the Hills mine. The region has recently produced approximately 14M oz of gold from mines such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights and Gwalia.
The Mt Stirling Project consists of 2 blocks:
- The Stirling Block to the north which contains two JORC compliant resources at a 0.5g/t cut-off (refer ASX release 27/5/21 for further information):
- Mt Stirling:
- 355,000t at 1.7 g/t Au for 20,000oz (Indicated)
- 1,695,000 at 1.5 g/t Au for 82,000oz (Inferred)
- Stirling Well – 253,500t at 2.01 g/t Au for 16,384oz
- Mt Stirling:
- The Diorite Block to the south, home of the historic 73 g/t Diorite King mine.
Another key project and one of renewed focus for the Company is the Mount Monger Project, located 50 km south east of Kalgoorlie. The Mount Monger goldfield is located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province. This 3,700-hectare project lies within close vicinity of Silver Lake Resources Ltd’s (ASX: SLR) key asset, the Mount Monger Gold Camp, a prolific part of the Eastern Goldfields district of Western Australia. The Mount Monger Camp had produced more than 1.67Moz in the last 30 years, and more than 330,000 ounces for Silver Lake in in the last 24 months alone.
The project consists of two distinct areas:
- The Wombola area to the north
- The Mt Dam area to the south
Another project in the Kalgoorlie region is the Zuleika project in which the Company is involved in a JV with Dampier Gold Ltd (ASX:DAU). The Zuleika project is located along the world-class Zuleika Shear, which is the fourth largest gold producing region in Australia and consistently produces some of the country’s highest grade and lowest cost gold mines. This project lies north and partly along strike of several major gold deposits including Northern Star’s (ASX: NST) 7.0Moz East Kundana Joint Venture and Evolution’s (ASX: EVN) 1.8Moz Frogs Legs and White Foil deposits.
Torian’s other projects within the Kalgoorlie region include the Bonne Vale and Gibraltar Projects, and its Credo Well JV with Dampier Gold Ltd (ASX:DAU), host of a JORC Inferred resource of 86,419t at 4.41 g/t Au for 12,259 oz.
The Goldfields region of Western Australia has an extensive history of gold mineralisation with several multi-million ounce discoveries, numerous producing mines and the presence of some of the world’s largest gold producers. The projects were identified through a combination of a detailed regional study, deep experience in the region and strong on-ground relationships.