Western Australian-focused gold explorer Torque Metals Limited (ASX:TOR) has discovered a new high-grade zone of gold mineralisation at the 100% owned Paris Project located on the richly gold endowed Boulder-Lefroy Fault Zone, south east of Kalgoorlie.
Latest assay results have been obtained from RC holes drilled adjacent to the Paris and HHH open pits to test for extensions to the known mineralisation.
The results are part of Torque’s first phase of drilling since listing less than four months ago, and confirm very strong, broad zones of high-grade gold both up and down dip at Paris and HHH, demonstrating considerable potential for growth in gold resources below and adjacent to the existing pits.
Assay highlights from drilling adjacent to Paris open pit include intersections of:
- 6m @ 34.6 g/t Au from 141m, within a larger zone of 24m @ 10.7 g/t Au in hole 21PRC025 drilled to north of the Paris pit in a southern direction to test gold resource potential, adjacent to the existing pit.
- 6m @ 15.2 g/t Au from 123m, within a larger zone of 9m @ 10.56 g/t Au in hole 21PRC021 drilled to the south of Paris pit in a northern direction.
Executive Chairman, Ian Finch, said this successful drilling has indicated strong down-dip gold resource potential below the existing pit.
Assay highlights from drilling adjacent to HHH open pit include intersections of:
- 3m @ 3.89 g/t Au from 87m in hole 21HRC003 drilled north of HHH pit on a southern direction confirming down dip extensions to gold resource below the existing pit
- 3m @ 1.93 g/t Au from 90m in hole 21HRC001 drilled north of HHH pit in a southern direction confirming down dip extensions to gold resource below the existing pit
Torque Executive Chairman Mr Ian Finch said:
“What a start to life this company has had! We set out to find new gold discoveries and to prove that opportunities remained at the Paris and HHH mines to significantly increase the high-grade gold resource at those prior operations. These first results below the old pits have exceeded our best expectations, but of course, are very well received,” Mr Finch said.
“We have been able to achieve all these objectives in a little over three months after listing on ASX. The above results, coupled with the new gold discoveries at the Strauss and Observation prospects indicate exciting times ahead.”
Mr Finch added that given the significance of these high-grade results, Torque has immediately moved to secure an RC rig with ~300m capacity for follow up drilling at these and other Paris prospects.
“Given the difficulties in sourcing rigs at present, Torque expects to be drilling follow up holes early in the new year. However, the Company will continue to explore avenues to recommence drilling sooner.”
