Western Australian-focused gold explorer Torque Metals Limited (ASX:TOR) has obtained significant gold results from first phase drilling at the Paris Gold Project within the Boulder-Lefroy Fault Zone.
A total of 102 RC holes for 7,472 metres have so far been completed with 2,728 samples submitted to the laboratory for analysis for gold and a range of other elements. The Company notes assay turnaround times are running at approximately five to six weeks.
Executive Chairman, Ian Finch said pleasingly, assay results for 795 of these samples have been returned and consist primarily of results from RC drilling undertaken at the Observation prospect which lies 900 metres north of the HHH pit, under shallow cover, and has similar geology as the existing HHH and Paris.
A highlight from the initial assay results from Observation was an intersection of 9m at 11.52 grams per tonne gold from 63 metres from 21ORC009.
Importantly, a new mineralised zone has been identified from the initial assay results at Observation covering a current strike length of ~350 metres which remains open to the West and at depth. In addition, the Observation results highlight an extension of the Paris Gold Corridor by a further 900 metres to the north to encompass mineralisation at Paris Pit, HHH Pit and now Observation.
These are exceptional first pass results from the Observation prospect. Mineralisation is broad, shallow, high-grade and open-ended, making it an excellent prospect that fits our strategy of focusing on rapidly increase the Paris project resource base<” Mr Finch said.
“Importantly, the results show a ‘Gold Corridor’ exists spanning at least 2.5kms and encompassing the mineralisation at Paris Pit, HHH Pit and now Observation.
“Our focus now will be to undertake further drilling at Observation with a view to understanding the potential scale of the mineralised area at Observation, and to further extend the Paris Gold Corridor to the North of Observation.
“In addition, there are further assay results anticipated, which we will announce in the coming weeks as they come to hand.”
