Western Australian-focused gold explorer Torque Metals Limited (ASX:TOR) has drilled high-grade gold intercepts at the Observation prospect within the company’s wholly-owned Paris Gold Project located on the richly gold endowed Boulder-Lefroy Fault Zone, south east of Kalgoorlie.
Latest assay results have been obtained from the follow-up RC drilling programme to test the first phase drilling which resulted in the gold discoveries at the Observation and Strauss prospects and adjacent to existing pits at Paris and HHH.
The most recent results have been received from the Observation prospect and confirm significant high-grade gold at shallow depth (~50m–100m depth) at the prospect.
Assay highlights from the follow-up drilling at Observation include:
What a fantastic result to be continuously encountering high grade gold in the Boulder-Lefroy corridor, not too far from the major mining hub of Kalgoorlie,” Executive Chairman, Ian Finch, said.
“Encouragingly these initial results from Observation are relatively shallow at around 50 – 75 metres and are returning increasing grades at depth.
“Torque has been a highly active explorer ever since listing on the ASX last year and we certainly have a lot more to drill, with these results providing us with some top tier targets.
“Importantly, with a larger drill rig coming on site in the next few weeks we will be able to test the extensions and depth of these targets beyond 100 metres in order to rapidly increase the project’s resource base.
“It is an exciting time to be a Torque shareholder with plenty of news flow over coming weeks as we continue to unearth more gold at the Paris project.”
A total of 3,746 metres have been drilled in this follow-up programme across 41 holes targeting four prospects – Observation, Strauss, Paris and HHH Pits. A total of 1,341 samples have been despatched to the laboratory with further assay results anticipated in coming weeks.
The RC rig used for Phase 1 had ~100m capacity. A second RC rig, with a larger depth capacity to test structures beyond 150 metres, is due to commence later this month / early February to undertake further, deeper follow-up drilling to test Observation as well as targets at HHH North and Paris Pit prospects.
Torque envisages a total of approximately 5,000 metres of RC drilling in this upcoming Phase 2 programme.