Junior minerals explorer Torian Resources Limited (ASX: TNR) has identified a series of priority gold targets at its Credo and Zuleika Projects North West of Kalgoorlie in Western Australia after receiving a detailed independent report.
The exploration targeting report prepared by independent geophysical consultants, Southern Geoscience Consultants, was undertaken utilising government data and acquired data with data collected on 50m to 100, spaced lines on various angled flight paths.
The interpretation only applied to three specific areas of Torian’s tenure, namely Credo, Browns Lagoon Strike (BLS) and Paradigm South / Breakaway / Paradigm East (PBP). These areas were chosen due to the limited deep drilling in the region and the overall prospectivity of each of the areas of interest
The Credo area is located approximately 40km north‐ north‐west of Kalgoorlie, whilst the Zuleika tenement package is located 25 to 70 km north west of Kalgoorlie.
Both tenement packages are subject to a JV agreement with Dampier Gold Limited, which is conducting Due Diligence for a Joint Venture on the Zuleika tenure and has committed to the Credo Joint Venture.
Torian Managing Director, Stephen Jones, said a total of 85 targets were identified, including 24 high priority targets across the three project areas.
There are 14 targets at Zuleika, made up of eight at BLS and six at PBP. There are 10 targets at Credo.
The Zuleika targets are much broader areas due to limited effective drilling in the region.
Mr Jones said the SGC report proposes changes to the geological interpretation between the Zuleika Fault and the East Zuleika Fault at the northern eastern end of the BLS.
Dampier Resources is due to complete the due diligence on the Zuleika Joint Venture on April 5, 2020. It will use the report to plan drilling on the existing targets.