Gold and copper explorer Torrens Mining Limited (ASX: TRN) has been granted two new gold tenements at Mt Piper Gold Project in Central Victoria, already identifying several high priority gold target areas.
Two new tenements (EL7380 and EL7366) have been granted to Torrens at the Mt Piper Project.
Torrens has already identified a number of high priority gold target areas within EL7380.
Torrens will quickly pivot to complete soil geochemical sampling within the new gold target areas in EL7380.
Gold and copper explorer Torrens Mining Limited (ASX: TRN) (Torrens or the Company) is pleased to report that it has been granted two new tenements (EL7380 and EL7366) within the Company’s 100% owned Mt Piper Gold Project in Central Victoria.
These two tenements are exciting additions to the Mt Piper portfolio and Torrens has already identified several high priority gold target areas within EL7380 which the Company will immediately investigate with a detailed soil geochemical sampling program and geological mapping.
Additionally, the grant of a third tenement, EL7331, is anticipated. The grant of this tenement will significantly open up the opportunity for near-term drilling at the Company’s Northwood Hill Gold Prospect within Mt Piper.
Torrens Managing Director Steve Shedden said:
“Torrens’ portfolio of gold prospects at Mt Piper in the very active Central Victorian Goldfields is rapidly evolving and the newly-identified gold targets within the new tenement (EL7380) are very exciting.
“We have quickly pivoted to focus our soil geochemical sampling on EL3780 and will deliver results of the program over the coming months.
EL7366, covering a strategic zone between the operating Costerfield gold-antimony mine and the historical Graytown Goldfield, will also receive our attention.”
Immediate commencement of geochemical soil sampling over the gold anomalous areas within EL7380, using the geochemical sampling teams now active at Mt Piper.
Analysis of historical geophysical data and structural interpretation will continue.
Planning of first-pass drill targeting at Northwood Hill – ready to go following grant of licence.