Backed by an all-time high gold price and a bright outlook for the precious metal, Torque Metals Ltd (ASX:TOR) has recommenced drilling at its Paris Gold Project in Western Australia to infill and extend the existing gold lodes and contribute to a maiden mineral resource estimate (MRE).
Planned drilling includes up to 9,000 metres comprising around 1,000 metres of diamond drilling and 8,000 metres of reverse circulation (RC) drilling, to infill and extend mineralisation at Paris West and a new prospect named Eva.
Torque expects drilling to be completed by late August, with assays reported progressively from mid-August. The program is a key component of Torque's strategy to increase the quantity of shallow, high-grade gold ounces for Torque’s maiden and upcoming MRE.
“Characteristics of robust gold project”
Torque managing director Cristian Moreno said: “A 9,000-metre diamond and reverse circulation drilling campaign has commenced at Torque’s flagship Paris Gold Project. Paris potentially hosts multiple deposits within a larger mineralised system, currently spanning 2.5 kilometres by 1 kilometre and remaining open in all directions.
“Paris exhibits the characteristics of a robust gold project, as it lies on a major geological fault, Boulder-Lefroy fault, which hosts some world-class deposits such as St Ives Gold Mine and Northern Star’s Super Pit.
“This potential is reinforced by strong gold intercepts, including 35 metres at 14.12 g/t gold from 157.85 metres, 41 metres at 5.93 g/t from 188 metres, 16 metres at 4.19 g/t from 66 metres, among other intersections, along with impressive gold recoveries exceeding 96%.
"Torque appreciates our existing shareholders' support, welcomes new investors and looks forward to delivering assay results to the market in several tranches and Torque’s maiden mineral resource estimate.”
Two prospects in focus
Paris Gold is a shallow, high-grade, high-recovery (>96%) gold project proximate to processing infrastructure.
At Paris West, drilling has intersected strong mineralisation such as 35 metres at 14.12 g/t gold while at the Eva prospect — a discovery made in the most recent campaign — shallow mineralisation included 16 metres grading 4.19 g/t.
Previous strong results include:
- 16 metres at 4.19 g/t gold from 66 metres, including 2 metres at 13.12 g/t from 72 metres and 2 metres at 18.91 g/t from 80 metres;
- 35 metres at 14.12 g/t from 157.85 metres including 1.2 metres at 185 g/t from 174.7 metres; 4.44 metres at 20.82 g/t from 170.3 metres and 2.49 metres at 40.6 g/t from 167.8 metres;
- 41 metres at 5.93 g/t from 188 metres including 3 metres at 25.54 g/t from 189 metres; and 2 metres at 59.35 g/t from 204 metres;
- 39 metres at 6.05 g/t from 175 metres including 9 metres at 10.66 g/t from 178 metres; and 3 metres at 29.4 g/t from 202 metres.