Junior gold explorer Torque Metals has chalked up a series of new high-grade gold finds below and adjacent to its historic Paris and HHH gold mines south east of Kalgoorlie in Western Australia. The best intersections from drilling adjacent to the old Paris open pit included 6 metres at an eye-watering 34.6 grams per tonne gold from 141m. The stand-out intersection from drilling adjacent to HHH included 3m going 3.89 g/t from 87m.
The new drilling results clearly didn’t go unnoticed by the market either with the company’s stock hiking from its recent close of 22 cents to touch 33 cents during intraday trading.
The stellar 6m hit adjacent to the Paris pit was within a broader 24m intersection going an impressive 10.7 g/t gold from 123m. The next best result from the Paris open pit mine was a 6m strike at 15.2 g/t gold from 123m. That result was within a larger 9m intersection going 10.56 g/t. The company says assay results from the recent drilling program at its flagship Paris mine are indicative of a potentially strong, down-dip gold resource beneath the existing pit.
Other notable results from drilling adjacent to the old HHH pit include a 3m hit going 1.93 g/t gold from 90m. Interestingly, drilling at the open pit HHH mine confirmed down-dip extensions to the gold resource beneath the existing pit.
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.
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.
The recent discoveries sit within the revered Boulder-Lefroy fault corridor, south east of Kalgoorlie. The region is synonymous with gold production and is home to the 20 million ounce Kalgoorlie super pit.
Torque says despite the enormous potential of the region, the Paris project area is considerably under-explored, with previous drilling restricted to about 50m in depth.
The company has wasted no time since listing on the ASX a few months ago. It has secured an RC rig with a 300m capacity to follow up the high-grade gold hits at the Paris and HHH mines. Management says a follow-up drill campaign at the two mines and its nearby areas is imminent and will likely commence early next year.
With a bevy of high-grade results across the world-class, gold-rich Boulder-Lefroy fault corridor and an RC drill rig set to pepper the unexplored Paris project area, Torque may be about to creep onto a few more radars in the coming months.
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