- Torque Metals (TOR) hits further wide, high-grade gold intercepts at its Paris Project in Western Australia during a phase three drilling campaign
- The company announced its recent reverse circulation drilling program reaffirmed a very strong, broad zone of high-grade gold, with assays including 27 metres at 8.2 g/t gold
- The company says it’s well funded for further exploration, with a cash balance of over $3.7 Torque Metals is down six per cent with shares trading at 23.5 cents at 3:43 pm AEST
Torque Metals (TOR) has hit further wide, high-grade gold intercepts at its Paris Project in Western Australia during a phase three drilling campaign.
The company announced its recent reverse circulation drilling program reaffirmed a very strong, broad zone of high-grade gold. This, in turn, revealed a mineralised area covering at least 120 metres in strike, which remains open to the northwest, southeast and at depth.
Assays from the campaign included 27 metres at 8.2 grams of gold per tonne (g/t) from 156 metres, including six metres at 22 g/t gold from 159 metres.
Torque said the results indicate significant potential for growth in gold resources below and adjacent to the existing pit.
In addition to the existing mineralised zone at the Paris mine, the company identified four additional prospective structures, with gold intervals exceeding five grams per tonne.
Results included two metres at 23.2 g/t gold from 42 metres and two metres at 22 g/t gold from 22 metres.
The company is well funded for further exploration, with a cash balance of over $3.7 million. Follow up drilling at Paris is due to start as soon as possible.
Torque Metals was down six per cent with shares trading at 23.5 cents at 3:43 pm AEST.