Torian Resources Ltd (ASX:TNR) is a highly active Australian gold company that is focused on discovering the gold mines of tomorrow.
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.
The company is committed to its announced FY2018 operational strategy incorporating its vision to become a mid-tier gold producer within 5 years, as well as key steps including committed exploration programs, production joint ventures, exploration joint ventures and asset divestment and acquisitions.
Torian’s Zuleika Project, situated 40km northwest of Kalgoorlie, lies north and partly along strike of several major gold mines including Northern Star (ASX:NST), Tribune Resources (ASX:TBR) and Rand Mining’s (ASX:RND) 7Moz East Kundana Joint Venture and Evolution’s (ASX:EVN) Frogs Legs and White Foil operations.
Since May 2015, Torian has increased its landholding by approximately 75% in this region via seven separate acquisitions. Torian is now one of the largest landholders in this highly sought after region and is focused on fast tracking the development of it’s projects.
Torian is also developing the Mt Stirling Project, located 40km northwest of Leonora. Mineralisation is seen to outcrop, and following a successful infill drilling program, Torian is currently undertaking studies to assess the viability of the project as a standalone mining operation.
Torian’s exploration team has a track record and a wealth of experience in discovering and developing of a broad range of projects in Australia and South America. Torian is continuing an exciting phase in its development.
The Company has seven gold projects located in the Goldfields region of Western Australia:
- Mt Stirling
- Credo Well
- Bonnie Vale
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.