Sign up Australia
Proactive Investors - Run By Investors For Investors

Torian Resources drills 11.28 grams per tonne gold in WA

Torian Resources drills 11.28 grams per tonne gold in WA

Torian Resources Ltd (ASX:TNR) is continuing a 4 phase drilling program at its Zuleika JV Project in the Goldfields region of Western Australia which has found high grade gold.

The results from targets 4 to 9 of phase 1 rotary air blast drilling have now been received.

Drilling at target 5 located a saprock gold target containing 4 metres at 11.28 g/t gold. Field inspection of this hole showed mineralisation in a quartz veined sheared felsic volcanics.

Results from targets 10 to 15 are still awaited.

The Zuleika JV project is located 40 kilometres northwest of Kalgoorlie and is accessed by well-maintained bitumen and all weather gravel roads.

The project consists of 119 tenements covering approximately 214 square kilometres north and partly along strike from several major gold deposits, including the 7 million ounces Kundana gold mine operated as a JV by Northern Star Resources Ltd (ASX:NST), Tribune Resources Ltd (ASX:TBR) and Rand Mining Ltd (ASX:RND).

In April 2015, Torian entered into a heads of agreement with Cascade Resources Ltd whereby Torian may earn a 49% interest in the Zuleika JV Project by spending $5 million on the project over 4 years.

This region has experienced unprecedented exploration and corporate activity of late. This activity has been led by Northern Star Resources Ltd (ASX:NST), and Evolution Mining Ltd (ASX:CAH), two of Australia’s largest ASX listed gold miners.

In addition, Zijin Mining Group Co Ltd (HKG:2899), China’s largest gold producer, is extremely active with mining operations in this region, two of which immediately adjoin Torian’s tenements.

Planning of Torian’s phase 2 drill program at targets 1 to 9 in the Zuleika project is now underway.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Register here to be notified of future TNR Company articles
View full TNR profile View Profile

Torian Resources Ltd Timeline

Related Articles

February 24 2017
Paul Donaldson discussed with investors the Tier 1 Colluli Potash Project.
Royal Road Minerals' Nicaraguan ambitions starting to take shape
September 07 2017
Caza, which it has now bought, controlled land in the highly prospective but undeveloped gold belts of Nicaragua
picture of wire
July 17 2017
The company has two core projects: T3 in Botswana and Kemco and a lead-zinc-silver project in Thailand

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use