Malcolm Project (Earning up to 90%)
The Malcolm Project is located approximately 20 kilometres east of Leonora and is comprised of 54 tenements covering an area of approximately 75 square kilometres. There have been two main targets identified in the Malcolm Project, Dover Castle South and Dumbarton.
Malcolm - Dover Castle South Prospect
Dover Castle South lies in the central portion of the Malcolm Project area. The target is located near numerous historic mine workings. The Torian RC drilling program focused on an area where shallow historic RAB drilling had defined an anomalous target zone of at least 400m in length.
Malcolm – Dumbarton Prospect
Dumbarton lies in the southern portion of the Malcolm Project area. The area is located near numerous historic mine workings. The Torian RC drilling program focused on an area where historic shallow RC and RAB drilling has defined an anomalous target zone. The geology at this prospect comprises of up to three parallel zones of shearing and quartz veining hosted by basalts. The previous drilling had intersected anomalous values (1-7g/t Au) over a strike length of approximately 400m. There are shallow old workings near the southern end of the prospect where the structures outcrop.
In late 2018, Torian commission independent contractors to estimate the current gold resource contained within the project. The current inferred Resource for the project is shown in Table 3 below.
JORC (2012) Inferred Resources - Gold >0.5 g/t
|Dover Castle South||210,100||1.71 g/t||11,552|