Announcement Date: 2021-11-24
Announcement Type: Exploration Update
Announcement Code: JORC
Company name: Torrens Mining Ltd.
Project name: Mt Piper
Location: Australia
Commodities: Gold
Highlight: 19.78g/t Au sampled in rock chip program
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Torrens confirms that 7 of a total of 13 reconnaissance rock chip samples taken from historical gold workings at the Goldie Prospect, part of the Mt Piper Gold Project in Central Victoria, returned high-grade gold results. Significant results include The Goldie Prospect (previously named Crough’s Hill South) is marked by a pronounced gold-in-soil anomaly identified by soil sampling undertaken by Torrens1 along a previously unexplored trend of highly magnetic rocks. Continued systematic sampling and mapping are underway, with further results expected in December 2021 and January 2022. Rock chip sampling was conducted across historical workings (Figure 2) which extend over a strike length of 1.2km. A concentration of shallow historical gold workings was observed over a strike length of 120m, where multiple shallow parallel quartz veins had been tested by prospectors. The thickness and dip of the quartz veins is unknown, but Torrens interprets that they may dip to the west due to the presence of deeper shafts to the west – possibly exploring for the down-dip continuation of the gold mineralisation. Quartz veins at surface show evidence of hand sorting and stockpiling for future processing by prospectors. Torrens’ rock chip samples (Figure 3) were handpicked from these stockpiles.
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