Project Summary
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Torrens Mining Limited (ASX: TRN) is an Australian-headquartered company exploring for gold, copper, cobalt and other metals. Torrens has positioned itself for value growth through its diversified portfolio of prime gold exploration assets in the Victorian Goldfields and the advanced and active Elizabeth Creek IOCG and copper-cobalt Project in South Australia.
Major footprint in exciting Fosterville region
Drilling evidence of Fosterville-style mineralisation
BHP: 48m @ 0.9g/t gold from 184m, incl. 7m @ 1.4g/t gold*
Perseverance: 2m @ 3.65 g/t gold from 22m**
Geochemical sampling obtained gold grades up to 21.5 g/t^
Geochemically anomalous target gold zones identified
Advanced IOCG & Cu-Co Project only 16km from BHP’s Oak Dam West Project
Joint Venture with Coda Minerals Limited (ASX: COD)
Torrens currently owns 30%
Coda may purchase additional 5% for $1.5M cash
IOCG mineralisation intersected at Emmie Bluff Deeps - see the announcement here.
Zones of copper, gold and silver anomalism spatially associated with major fault structure called the Combienbar Fault
Torrens’ principal exploration target is economically significant tonnages of sulphidic, structurally-controlled, polymetallic mineralisation.
Significant lead and zinc mineralisation also remain strategic targets.
*BHP MINERALS EXPLORATION. 1981. EL827, Broadford. Six monthly report for the period ending 30 September 1981. Cautionary Note: Historical drilling at Mt Piper by BHP is on the excluded Mt Piper Nature Reserve and is not available for exploration
**P WHELAN. EL3028 Annual Report for period ending 22 December 1992.
^Source: Proposed Pre-drilling Programme for 2011. Mount Piper Project, Vic (EL 4947 & EL 4948). June 2011. p11.