Torian Resources Limited (ASX:TNR) Mt Stirling Interim Mineral Resource Estimate Update
Mt Stirling Interim Mineral Resource Estimate UpdatePerth, May 27, 2021 AEST (ABN Newswire) - Torian Resources Limited (
ASX:TNR) announces the Mt Stirling Interim Mineral Resource Estimate (MRE) increases by 200% to 2.05M tonnes @ 1.54 g/t Au for 102,000 ounces including 20,000 Indicated ounces from surface (using a 0.5 g/t gold cut-off) (Table 1 )
Highlights:
- Two further resource upgrades at the Mt Stirling Gold Project are anticipated before the end of the year
- Mineral domains such as the Hanging Wall Zone lower segments, parts of the Viserion Zone, and other mineral zones have not yet been included in the Interim MRE Update due to some sparse drill spacing and mineralised sample assays yet to be received and reported which may confirm continuity of further mineralised zones between drill holes and sections
This story features ST BARBARA LIMITED, and other companies. For more info SHARE ANALYSIS: SBM
St Barbara has disappointed the market with another downgrade to gold production guidance, although some believe this will be the low point
-Extent of reduction to Gwalia outlook surprising
-Changeover at Gwalia taking longer than expected
-Pandemic risk prevails at Simberi
By Eva Brocklehurst
Gold guidance is lower and costs are up, as St Barbara ((SBM)) disappoints the market with another downgrade to production. The miner s growth trajectory is lagging peers and Shaw and Partners suspects the stock will now be banished to the outer rim until the issues are dealt with.
Australia’s closed border as a Covid-19 defence is to have an inflationary effect on the economy as an acute shortage of skilled labor drives costs up and production down.
Northern Minerals expands exploration team as it looks to increase resource inventory
The company is looking to increase the resource inventory at the Brown Range Heavy Rare Earth Project in northern Western Australia. The company plans to start RC drilling in June 2021 to target extensions to mineralisation.
Northern Minerals Ltd (ASX:NTU) (OTCMKTS:NOURF) (FRA:NUN) has expanded its exploration team with the appointment of Simon Pooley as general manager of geology and the promotion of Kurt Warburton to exploration manager.
Pooley and Warburton are expected to significantly grow the exploration team as NTU looks to increase the resource inventory at the Brown Range Heavy Rare Earth Project in northern Western Australia.