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- Gold explorer Torque Metals (TOR) discovers a new high-grade zone of gold mineralisation at its Paris Project in Western Australia
- Results come from reverse circulation holes drilled adjacent to the Paris and HHH open pits to test for extensions to the mineralisation
- Grades peaked at 34.6 grams of gold per tonne (g/t) gold and the results confirm strong, broad zones of high-grade gold up and down-dip at Paris and HHH
- Given the nature of the results, Torque expects to begin follow-up drilling early next year
- Torque closed a healthy 27.3 per cent in the green with shares trading at 28 cents
Gold explorer Torque Metals (TOR) has discovered a new high-grade zone of gold mineralisation at its Paris Project.
The 68 square kilometre Paris Project lies roughly 100 kilometres south-southeast of Kalgoorlie-Boulder in Western Australia.
It consists of nine wholly owned, granted, pre-native title mining licences and two prospecting licences.
Results come from reverse circulation (RC) holes drilled adjacent to the Paris and HHH open pits to test for extensions to the mineralisation.
These results confirm strong, broad zones of high-grade gold both up and down-dip at Paris and HHH.
This demonstrates considerable growth in gold resources below and adjacent to the existing pits.
Best results include six metres at 34.6 grams of gold per tonne (g/t) from 141 metres, six metres at 15.2g/t gold and three metres at 3.89g/t gols from 87 metres.
Given the significance of these results, Torque has made a move to secure an RC with a 300 metre capacity to follow up on these results.
Due to challenges sourcing drill rigs, Torque expects to be begin follow up drilling early next year.
Executive Chairman Ian Finch commented on the results.
“We had set out to find new gold discoveries and to procie that opportunities remained at the Paris and HHH mines to significantly increase the high-grade gold resource at those prior operations,” Mr Finch said.
“These first results below the old pits have exceeded our best expectations, but of course, are very well received.
“The above results, coupled with the new gold discoveries at the Strauss and Observation prospects indicate exciting times ahead.”
Torque ended the day a healthy 27.3 per cent in the green with shares trading at 28 cents in a $13.82 million market cap.
