- Perth-based gold explorer Torque Metals (TOR) restarts drilling at its Paris Project in Western Australia
- Drilling will follow on from the phase one program which resulted in gold discoveries at the Observation and Strauss prospects, and adjacent to existing pits at Paris and HHH
- This phase one drilling was successful with grades peaking at 11.52g/t gold from Observation, 1.21g/t gold from Strauss and 34.6g/t gold from Paris
- Approximately 5000 metres of RC drilling will be undertaken in the follow-up drilling program and will be undertaken in two phases
- Torque ends the day a slight 0.97 per cent in the green, with shares trading at 26 cents
Perth-based gold explorer Torque Metals (TOR) has restarted drilling at its Paris Project in Western Australia.
The 68 square kilometre Paris Project lies roughly 100 kilometres south-southeast of Kalgoorlie-Boulder.
Drilling will follow on from the phase one program, which resulted in gold discoveries at the Observation and Strauss prospects, and adjacent to existing pits at Paris and HHH.
Under the phase one program, 22 holes, for 1688 metres, were drilled at Observation with a best result of nine metres at 11.52 grams of gold per tonne (g/t) from 63 metres.
A total of 24 reverse circulation (RC) holes, for 1722 metres, were drilled at Strauss with an intersection of 12 metres at 1.21g/t gold from 57 metres returned.
The drilling identified a new gold mineralised zone spanning a strike length of roughly 150 metres and remains open to the north, south and at depth.
Four holes, for 619 metres, were drilled adjacent to the Paris pit and three holes, for 308 metres, were drilled adjacent to the HHH pit to test for extensions to the known mineralisation.
Grades peaked at 34.6g/t gold from Paris and 3.89g/t gold from HHH and the results confirmed strong, broad zones of high-grade gold both up and down dip.
Approximately 5000 metres of RC drilling will be undertaken in the follow-up drilling program and will be undertaken in two phases.
The first half will consist of 20 to 30 holes, for 2500 metres, and will further test these new discoveries.
A second RC drill rig is expected to begin drilling early next year and will follow up on deeper resource potential at all three prospects. Between 10 to 12 holes, for 2500 metres, have been planned.
Chairman Ian Finch said the company is excited to begin drilling.
“I am extremely pleased to have secured two RC rigs and to kick off this follow-up drilling program at these highly prospective gold discoveries at Observation, Strauss and Paris,” Mr Finch said.
“With the second RC rig contract to begin early next year to follow-up on deeper intersections at the existing Paris mine, it is going to be an exciting start to 2022 for investors.”
Torque has ended the day a slight 0.97 per cent in the green, with shares trading at 26 cents in a $16.17 million market cap.