Total
0
Shares
Torque Metals (ASX:TOR) - Executive Chairman, Ian Finch
Executive Chairman, Ian Finch
Source: Torque Metals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Torque Metals (TOR) intersects broad high-grade gold mineralisation from first phase drilling at the Paris Project in Western Australia
  • A total of 102 reverse circulation holes have been drilled so far with just over 2700 samples sent to the laboratory for analysis
  • Initial results have been received from the Observation Prospect which saw grades peak at 11.52g/t gold
  • Holes were also drilled at Strauss, HHH South, Paris North, HHH Pit, Paris Pit, Marmaracs and Lady Doris prospects with results expected in a month
  • Shares in Torque closed up 16.7 per cent at 24.5 cents

Torque Metals (TOR) has intersected broad high-grade gold mineralisation from first phase drilling at the Paris Project.

The 68 square kilometre Paris Project lies roughly 100 kilometres south-south-east of Kalgoorlie-Boulder in Western Australia.

It consists of nine wholly owned, granted, pre-native title mining licences and two prospecting licences.

A total of 102 reverse circulation (RC) holes for 7472 metres have been drilled so far, with 2728 samples sent to the laboratory for analysis.

Results have been received for 795 samples while the remaining are expected in approximately five to six weeks.

These results primarily come from RC drilling undertaken at the Observation Prospect.

Best results include nine metres at 11.52 grams of gold per tonne (g/t) from 63 metres, six metres at 5.58g/t gold from 42 metres, and nine metres at 3.98g/t gold from 21 metres.

Additionally, a new mineralised zone has been identified with a 350-metre strike length and it remains open to the west and at depth.

Drilling was also undertaken at the Strauss, HHH South, Paris North, HHH Pit, Paris Pit, and Marmaracs and Lady Doris prospects.

The aim of this drilling program was to better define zones most likely to increase the project’s resource base.

Executive Chairman Ian Finch is pleased with the results received so far.

“These are exceptional first past results from the Observation Prospect,” Mr Finch commented.

“Mineralisation is broad, shallow, high-grade and open-ended, making it an excellent prospect that fits our strategy of focusing on rapidly increasing the Paris Project resource base.”

Shares in Torque closed up 16.7 per cent at 24.5 cents.

TOR by the numbers
More From The Market Herald
Venus Metals (ASX:VMC) - Managing Director, Matthew Hogan

" Venus Metals (ASX:VMC) intersects encouraging mineralisation at Vidure

Venus Metals (VMC) has intersected encouraging copper-nickel-platinum group element (PGE) mineralisation at the Vidure Prospect.

" Whitehaven Coal (ASX:WHC) uses record prices to pay down debt

Whitehaven Coal (WHC) will use the uplift

" Alderan Resources (ASX:AL8) commences drilling at Detroit

Alderan Resources (AL8) has commenced drilling at its Detroit copper gold project, located in the US state of Utah.
RareX (ASX:REE) - Managing Director, Jeremy Robinson

" RareX (ASX:REE) begins scoping study at Cummins

RareX (REE) has begun a scoping study at its flagship Cummins Range Critical Metals Project.