Sample collection at Paris project. Source: Torque Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Torque Metals (TOR) confirms a strong and broad zone of high-grade gold 300 metres east of the Paris pit within its Paris project in WA
  • Drill results from the structure include three metres at 10.4 g/t gold from 60 metres
  • The Paris high-grade zone now extends for 900 metres and remains open to the east, west and at depth
  • Torque Metals plans to conduct follow-up drilling and is in the process of securing a drill rig
  • TOR shares end the day 7.5 per cent in the red at 18.5 cents

Torque Metals (TOR) has received results from its fourth phase of drilling at its Paris project within the Boulder-Lefroy fault zone near Kalgoorlie, Western Australia.

The company said this final batch of reverse circulation drill results confirmed a shallow high-grade gold structure 300 metres east of the Paris pit.

Results from this structure include 12 metres at 3.2 grams per tonne (g/t) gold from 60 metres including three metres at 10.4 g/t gold.

The high-grade zone now extends for roughly 900 metres and remains open to the east, west and at depth.

“It gives me great pleasure to inform the market that the east-west high-grade gold structure at the Paris project continues to grow, having now been extended from 600 metres to 900 metres by successful drilling 300 metres east of the historic pit,” CEO Cristian Moreno said.

“The width and grade of mineralisation we are encountering is very significant when you consider the shallow depths, we are currently exploring at within the Paris gold corridor. Each drilling campaign is demonstrating the increasing potential at Paris.”

To date, Torque has drilled 32 holes for almost 3300 metres across the Paris, Paris South, Carreras and Pavarotti prospects.

Moving forward, the company will conduct follow-up drilling at the prospects and is already securing a diamond and RC rig. The program is scheduled to begin by November, subject to rig availability.

TOR shares ended the day 7.5 per cent in the red at 18.5 cents.

TOR by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Bourse finishes week on a high as Wisetech pummeled | November 22, 2024

The ASX200 closed up 0.85% at 8,393 points. Economists increasingly expect interest rates in Australia won’t…
The Market Online Video

HotCopper Highlights: Your most watched stocks for Week 47, 2024

In this segment we’ll look at the top stocks HotCopper users have been watching, and discussing,…
Nuclear explosion mushroom cloud concept

Week 47 Wrap: HotCopper users’ most watched; Brent lifts on Putin’s scary letter; RFK dents CSL

Welcome to the end of another week. Let's start with what HotCopper users have been watching…
Dale Gillham's photo, and wording 'Words from Wealth Within's Chief Analyst Dale Gillham.

Dale Gillham’s weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

The $8.8 billion dollar merger between Sigma Healthcare and Chemist Warehouse is poised to reshape the Australian pharmacy landscape, consolidating power in th…