Mt Stirling Gold Camp

Mt Stirling Gold Project

The Mt Stirling Project is located 40km northwest of Leonora in Western Australia (Figure 3). The Project lies 8km NW of Red 5's (ASX:RED) King of the Hills gold mine, which has produced in excess of 1 million ounces of gold to date. Current unmined resources are believed to be in the order of 3.1 million ounces at an average grade of 1.5 g/t Au.

The Leonora Gold District in the Eastern Goldfields has produced approximately 14m oz and is host to St Barbara’s (ASX:SBM) 4.8Moz Gwalia Mine and Saracen’s (ASX:SAR) 3.8Moz Thunderbox Mine  

The Mt Stirling Gold Project is divided into two blocks (Figure 1): 

1. The Mt Stirling Block to the north 

2. The Diorite Block to the south 

 Figure 1. Torian’s Mt Stirling Gold Project holdings, 1) Stirling Block, and 2) Diorite Block. 

Mt Stirling Block

There are two different styles of gold mineralisation at Mount Stirling:

• The Mt Stirling mineralisation is accommodated within a northeast dipping sheared mafic (Hi Mag Basalt),
• Whilst the Mt Stirling Well is hosted by a quartz vein dipping shallowly to the east, fully contained within a granite.

Mt Stirling

In May of 2021, Torian commissioned independent contractors to estimate the current gold resource contained within the Mt Stirling Project. The current resource estimate is as below.

With these Mineral Resource Estimates, a solid foundation for future growth can be established. In doing so, strike and depth extensions of mineralisation require testing, and infill drilling will need to be undertaken to increase confidence in the current resource. The next round of resource expansion drilling campaigns in the Leonora Region will target shallower mineralisation seeking to build the resource base, as well as widen the resources to bring the project towards a level that can sustain future mining operations.

Figure 2. Mt Stirling Long Section.

In addition to proving up further ounces at the Mt Stirling resource, the company has identified tow further high priority targets in the region. Significant arsenic anomalies have been picked up at the Hydra prospect (1 KM NE and along strike from Mt Stirling) and the Tyranus prospect (Splaying off the prolific Ursus fault). Arsenic has previously been highly correlated with gold in the region. The company intends on an RC drilling campaign at these prospects in Q4 2021.

Figure 3 Mt Stirling contours arsenic contours on regional geology and structure

Stirling Well

In February 2019, Torian commissioned independent contractors to estimate the current gold resource contained within the Stirling Well Project. The current resource estimate is as below.

Figure 4: Mt Stirling Well cross section

The Diorite Block

The Diorite Project is located 40km northwest of Leonora in Western Australia (Figure 1) and is immediately south of Torians Mt Stirling Project. The Project lies 4km NW of Red 5's 4Moz King of the Hills gold mine. 

This was a strategic acquisition by Torian of the land immediately south of the highly prospective Mount Stirling Project. The tenure covers the continuation of the same suite of rocks that contain Mount Stirling and the 4 gold mines to its immediate east. Further Diorite is host to the historic 73 g/t Diorite King mine as well as a number of other high grade historical mines. (Table 1)

Table 1. Historical gold production and grade from mines in the Diorite King area. 

Source: Mindat.org

In June 2020, Torian conducted a rock chip and soil sampling campaign on the Diorite Block. Highlights from the campaign included:

• 21 g/t gold and 2.10 g/t silver from the historic Unexpected mine dump.

• 9.04 g/t gold and 9.59 g/t silver from the historic Unexpected mine (in-situ) 

• 6.09 g/t gold from the historic Unexpected mine (in-situ) 

• 7.49 g/t gold and 0.96 g/t silver from the historic Diorite King shaft (in-situ) 

• Diorite soil sampling program returns high grade results up to 5.52 g/t gold from the Kiora/Meteor historic mine area 

The company was particularly encouraged by the fact that some of the higher grade discoveries were made in and around the high grade historical mines. This has propelled the company to advance it's exploration on Diorite with a 8,000 - 10,000m campaign planned for Q4 2020.

A total of 157 soil samples were collected from the Diorite Block. High grade gold assay values of 5.52 g/t Au (DIS002) and 3.2 g/t Au (DIS001) were collected adjacent to the historic Kiora and Meteor mines. A total of 89 soil samples returned anomalous gold values > 5 ppb. 

Figures 5 and 6 (below) show combined soil sample locations from June 2020 (157 samples) and historically (268 samples) over geochemical imagery of gold and arsenic in soils respectively. Figure 2 demonstrates that gold path finder element arsenic (As) correlates moderately with the gold in soil samples. 

Figure 5. Geochemical gold in soils heat map showing soil sample locations collected in 2020 and historically. 

Figure 6. Geochemical arsenic in soils heat map showing soil sample locations collected in 2020 and historically. 

Figures 7 and 8 shows the Company’s combined rock chip sample locations from June 2020 (105 samples) and historically (86 samples) over geochemical imagery of gold and arsenic in soils respectively. Figure 8 demonstrates that gold path finder element arsenic (As) correlates moderately with gold in rock chip samples. 

Figure 7. Geochemical gold in soils heat map showing rock chip sample locations collected in 2020 and historically.