Western Australian-focused gold explorer Torque Metals Limited (ASX:TOR) has made a new discovery at its Paris Gold Project. Drilling at the new Caruso Prospect returned a number of highly significant shallow gold results.
The Paris Project is located within the prolific Boulder-Lefroy fault corridor and is approximately 120km from the town of Kalgoorlie. The Caruso discovery, within the Paris Project, is situated only 200m to the north-east of the historic HHH open pit mine, where the Company has already returned encouraging results.
Drilling at Caruso consisted of nine RC holes for 798 metres drilled.
Torque Metals’ most recent RC campaign has been highly successful. Not only has it significantly enhanced the newly discovered ‘Observation Prospect’ by returning outstanding high-grade results, but it has now resulted in another new discovery – the “Caruso Prospect,” Executive Chairman, Ian Finch, said.
“Caruso had received some encouraging historic drilling but these latest results place the discovery firmly on the Company’s radar and will be the subject of considerable follow-up exploration.
“While it is early days at this new discovery – approximately 200m from the HHH pit – we have encountered a similar geological structure, so there is the potential for these two deposits to connect and further improve our gold resource inventory at Paris.
“Meanwhile, there is no shortage of activity elsewhere on the Paris Project. We are awaiting results from our extensive geochemical survey to the South of the Paris mine whilst preparing to kick off our deeper drilling at Observation, Paris Pit and Caruso. This exciting campaign will commence in just a few weeks.”
Further exploration work is now being planned to assist interpretation of the size and potential of the mineralised area. Given the similarities to the HHH mineralisation, Torque believes there is real potential for the two zones to be connected.
Upcoming RC Campaign
Torque anticipates its next RC drilling campaign will commence within a few weeks.
The RC rig used for Phase 1 had ~100m depth capacity. A second RC rig, with a larger capacity to test targets up to 250 metres will be used for this soon to commence drilling phase.
Targets to be tested include depth extensions of gold mineralisation at the Observation prospect, the Paris Pit and now also the Caruso prospect.
Torque envisages a total of approximately 5,000 metres of RC drilling in this upcoming programme.
Return of all results from the large surface geochemical programme south of the Paris mine is imminent. These results will be analysed with a view to determining new gold exploration targets.
Once outlined, any new targets will be quickly drill tested in order to maintain a strong pipeline of gold prospects.
