Torrens Mining (ASX:TRN) soars on upbeat development at Elizabeth Creek Project

Be the First to Comment Read
Sponsored

Torrens Mining (ASX:TRN) soars on upbeat development at Elizabeth Creek Project

 Torrens Mining (ASX:TRN) soars on upbeat development at Elizabeth Creek Project
Image source: TRN Announcement 06/10/21

Highlights

  • Torrens Mining and Coda Minerals’ joint venture project has delivered further thick zones of copper-bearing sulphide mineralisations via drilling at Emmie Bluff Deeps.
  • Substantial new mineralised intervals from various holes have been logged.
  • The excellent progress provides further clarity on the nature of the emerging IOCG discovery at Emmie Bluff Deeps.
  • Work related to follow up on these results is continuing, with two further wedge holes currently in progress.

Torrens Mining Limited (ASX:TRN) has been riding high on the back of an exciting update on its joint venture asset with Coda Minerals (ASX:COD) – the Elizabeth Creek Copper Project in South Australia.

TRN holds a 30% interest in the Elizabeth Creek Copper Project, subject to a farm-in agreement with COD, which has a 70% interest in the project and has an option to acquire a further 5% stake for AU$1.5 million.  

Subsequent to the update, shares of TRN jumped 10% to trade at AU$0.165 on 6 October 2021.

Encouraging IOCG-style copper sulphide intersections

The upbeat announcement details the significant preliminary exploration results from two surface drill holes and three wedge drill holes under the ongoing IOCG drilling program at the Emmie Bluff Deeps Prospect.  

Eight deep holes have been completed so far under the Emmie Bluff drilling campaign. Earlier, parent hole DD21EB0018 hit 35m of mineralisation grading in excess of 1% copper with peak grades of 5.39% Cu within the higher grade bornite zones and 1.19g/t Au in the main chalcopyrite zone.

Moreover, two recently completed wedge holes have delivered exciting assay results.

Detailed Discussion at: Torrens Mining’s Emmie Bluffs Deeps hits high-grade Cu-Au mineralisation

 

Emmie Bluff Deeps with Emmie Bluff Zambian hosted copper-cobalt mineralisation (Source: COD Announcement 06/10/21)

Related read: Tailwinds galore for Torrens Mining’s (ASX:TRN) Elizabeth Creek Project amid green metals focus

Now, the JV partners have intersected IOCG-style mineralisation of varying thickness and tenor over a major area. The mineralisation was identified as part of visual logging of copper-bearing sulphides, supported by hand-held XRF.

The latest drilling has indicated the existence of mineralisation throughout an area of at least 300m east-west by 200m north-south.

Currently, the mineralisation remains open in all directions except directly to the north of DD21EB0018. Historical drill results offer strong evidence for the occurrence of lateral extension beyond the bounds of recent drilling, possibly as far as 800m to historical drillhole SAE 4 or beyond.

Significant results

Hole DD21EBD0003W2 has delivered some of the most encouraging intersections within the last few days. Notably, the hole has encountered around approximately 67m of mineralisation over two vertically stacked lodes, including the following:

  • 27m of bornite-chalcocite-covellite mineralisation from 803m downhole in the upper lode immediately adjacent to a major fault zone.
  • An additional 40m of blebby chalcopyrite-dominated mineralisation from 912.5m downhole.

Related read: Torrens Mining (ASX:TRN) shares soar 12% on diamond drilling at Mt Piper Gold Project

Emmie Bluff Deeps drill holes >600m (Source: COD Announcement 06/10/21)

Additional encouraging results seen in other holes are as follows:

Data Source: TRN Announcement 06/10/21

Currently, the partners are engaged in aggressively following up on these results with two further wedge holes designed to intersect the copper-rich bornite core zone.

Related article: New gold and copper anomalies boost Torrens Mining’s (ASX:TRN) hopes for Mt Piper

Bottom Line

The latest data from visual logging of core from the continuing Emmie Bluff drilling program has substantially enhanced the JV partners’ confidence in Emmie Bluff Deeps.

The ongoing work is aimed at extending the copper-rich bornite zones and further testing areas for vertical extension and additional stacked lodes.

All eyes remain on further results from the ongoing drilling at the project area.

Disclaimer

Speak your Mind

Featured Articles

Ad
kalkine logo

GET A FREE STOCK REPORT

Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK