Gold and copper explorer Torrens Mining Limited (ASX: TRN) reported that a fixed wing airborne magnetic programme over Torrens’ high priority Northwood Hill Prospect within our Central Victorian Mt Piper Project has commenced.
HIGHLIGHTS
- A fixed-wing aeromagnetic programme over Torrens’ high priority Northwood Hill Gold Prospect has commenced.
- 3,922 line-km survey will be flown over a 5-7 day period, subject to weather, by MAGSPEC Airborne Surveys.
- The survey will be flown along 50m line spacings at a height of approximately 40m.
- The newly acquired detailed data will significantly improve upon Torrens’ existing dataset, and provide a sound basis for structural interpretation and drill targeting.
The Northwood Hill Prospect sits within Torrens’ EL7331 and is one of several gold Prospects within our broader Mt Piper Project in Central Victoria.
Torrens’ Managing Director Steve Shedden said:
“Torrens’ key target in Central Victoria is structurally-controlled gold mineralisation, which typically has only very subtle surface expression.
Close-spaced, high-resolution, aeromagnetic data allows us to better define potential drilling targets, especially when combined with geochemistry and boots-on-the ground geological mapping.
The results of this survey will considerably improve our existing geophysical dataset and will dramatically improve our understanding of the structural regime at Northwood Hill and Whitehead Creek.
Without doubt, developing a structural model in tandem with new in-ground drilling data will exponentially improve our chances of success, and with drilling about to commence, Torrens is at the starting gate in anticipation of an exciting gold discovery journey.”
Next Steps
- Acquisition of aeromagnetic data – June.
- Processing and modelling of aeromagnetic data – June and July.
- Integration of geological mapping, geochemical data and drilling results (commencement of drilling expected to be announced shortly) – July to September.
- Structural interpretation from aeromagnetic data and geological mapping – July and August.
