Torque Metals Ltd (ASX:TOR) has taken steps to upgrade the newly minted Paris Gold Project mineral resource estimate, polishing off a 7,400-metre reverse circulation (RC) drilling program across the Paris deposit.
The program was designed to extend known mineralised areas while also exploring for further gold at depth and in shallower zones.
TOR expects the results to be available within the next few weeks alongside outstanding diamond assays from a complementary infill and extensional program which will inform metallurgical studies.
“Significant” expansion potential
“Having successfully defined a mineral resource estimate of 250,000 ounces at 3.1 g/t gold at the Paris Gold Project within a concentrated area of 2.5 square kilometres, our attention now turns to resource growth, both within and beyond this highly prospective realm,” Torque Metals managing director Cristian Moreno said.
“To this end, our latest RC drill campaign intensively focused on the Paris prospect, a major component of the MRE.
“We believe there is significant expansion potential in this zone; both at depth and towards the surface.
“These results, together with diamond drilling data, will assist with ongoing metallurgical work and expand recently released mineral resource estimate.
“Our drill-for-equity deal with Topdrill has also helped offset some of the costs, keeping our project on track financially, we thank Topdrill for its continuous support.”
From here Torque intends to:
- Release all outstanding diamond drilled assays to market.
- Release RC drilling assays progressively to market as they become available.
- Complete additional metallurgical studies to further de-risk and assess production options.
- Work toward scoping study with focus on converting mineral resource to indicated category.
- Complete further infill drilling within inferred resource to upgrade to indicated.
- Generate drilling targets across broader regional tenements with intention to complete reconnaissance drilling campaigns.
- Complete additional drilling with the goal of expanding mineralisation and upgrading JORC classification category for Paris mineral resource estimate.