Gold and copper explorer, Torrens Mining Limited, has been granted one new tenement (EL7331) within the company’s Mt Piper Gold Project in Central Victoria.
The granting of the tenement paves the way for drilling to commence at the Northwood Hill Prospect where a five-kilometre long gold anomalous corridor was identified by Perseverance Mining in the early 1990s.
The area represents an exciting drill target for Torrens with significant near-surface ‘Fosterville-style’ gold drilling intercepts already identified by Perseverance. The shallow (less than 70-metre vertical depth) reverse circulation drilling by Perseverance reported important widths and grades of gold mineralisation.
Torrens’ Managing Director, Steve Shedden, said the granting of EL7331 means the company now has drill targets ready to go.
“Historical drilling results by Perseverance, a predecessor company to today’s Kirkland Lake Gold Limited, the operator of the successful Fosterville Gold Mine, defined a five-kilometre highly anomalous gold corridor at Northwood Hill. Those results point to this zone being a really important, yet poorly explored, gold target,” he commented.
“We believe that the previous drilling results indicate potential for the discovery of economic gold mineralisation at Northwood Hill. The key thing is, in the 1990s, the exploration focus was on shallow, open pit, gold mining. The Fosterville mine experience tells us that we need to explore below the shallow, oxide gold, zone, and that is just what we plan to do. Success at Northwood Hill would be very exciting.”
The next steps for Torrens include the finalisation of land access and compensation agreements (in progress); engagement of drilling contractor (in progress); and planning and execution of drilling program at Northwood Hill (expected to commence in April or May).