Torque Metals (ASX:TOR) Expands Gold Resource Over Quarter Million Ounces

3 min read | October 23, 2024 02:03 PM AEDT | By Team Kalkine Media

Highlights

  • Torque Metals extends gold zones at the Paris Project with new drilling results.
  • Drilling reveals high-grade intercepts, showcasing resource expansion potential.
  • Ongoing drilling programs continue to deliver promising results for the company.

Torque Metals Ltd (ASX:TOR) has announced a significant expansion of the gold zones at its Paris Project, located in the Western Australian Goldfields. The latest drilling results from both reverse circulation (RC) and diamond drilling have shown promising outcomes, further extending the boundaries of the previously defined mineral resource estimate of 250,000 ounces at 3.1 g/t gold. 

Ongoing Drilling Yields Positive Results 

Recent drilling activities by Torque Metals have yielded substantial intercepts, indicating that the gold mineralisation extends beyond the current resource estimate. According to Torque Metals' Managing Director, Cristian Moreno, the company is focused on extending the mineralisation beyond the established resource boundaries while also upgrading inferred resource blocks to indicated status. 

One of the main objectives of the ongoing exploration is to investigate regional targets that display strong gold-in-soil anomalies, as well as follow up on historical drilling intercepts. These efforts have yielded encouraging results, further solidifying the potential for resource growth. 

Promising Intercepts from Drilling 

Torque Metals has reported significant intercepts from its ongoing RC drilling campaign, which includes 7,416 metres of drilling across 39 holes. The results have shown that the mineralisation remains open and extends into shallower zones. Notable results include: 

- 8 metres at 4.72 g/t gold in hole 24PRC123, including 4 metres at 9.15 g/t gold from 136 metres. 

- 7 metres at 7.92 g/t gold from 216 metres in hole 24PRC148, within a broader interval of 15 metres at 3.85 g/t gold. 

- 9 metres at 2.37 g/t gold in hole 24PRC151, including 2 metres at 9.29 g/t gold from 140 metres. 

The results from these holes highlight the potential for extending the known mineralisation and further adding to the company’s gold inventory. 

Metallurgical Testing and Further Drilling 

In addition to the RC drilling, Torque Metals has completed 1,105 metres of diamond drilling across five drill holes at the Paris deposit and one at the HHH deposit. The diamond drilling program has also provided valuable structural data, guiding the company's ongoing exploration efforts. Notably, the Paris deposit has seen intercepts of 9.12 metres at 2.39 g/t gold from 224.7 metres in hole 24PDD006, while the HHH deposit returned 8.85 metres at 1.88 g/t gold from 66.8 metres in hole 24DHHH004. 

Torque Metals is now awaiting results from metallurgical test work on core samples from the Paris Project, with further updates expected in the coming weeks. 


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