Torque Metals Limited (ASX:TOR) has announced “significant” gold hits from phase 1 drilling at its Paris Gold Project in Western Australia’s Boulder-Lefroy Fault Zone.
The program has so far seen 102 holes for a total of 7,472m completed, with assay results received for 795 of 2,728 samples.
Key results from the Observation Prospect, located 2.5km north-west of the Paris Mine include:
- Hole 21ORC009 9m @ 11.52g/t Au from 63m
- Hole 21ORC003 6m @ 5.58g/t Au from 42m
- Hole 21ORC008 9m @ 3.98 g/t Au from 21m
- Hole 21ORC010 9m @ 2.96 g/t Au from 21m
- Hole 21ORC002 6m @ 1.99 g/t Au from 39m
These results have led to Torque defining a new ‘Observation’ mineralised zone, with strike measuring 350m, and remaining open to the west and at depth.
This new zone extends the Paris gold corridor by 900m north, beyond the HHH Mine, resulting in a total length of ~2.5km.
Paris Gold Project
The 68 km² Paris Gold Project, located within the Parkerr/Kambalda Domains of the Yilgarn Gold Field is Torque’s cornerstone project.
Paris encompasses nine 100%-owned, granted, pre-native title mining licences, along with and two prospecting licences.
The project includes both the Paris and HHH open-cut gold mines, which saw activity between December 2016 and August 2017.
The project has access to the nearby Higginsville Gold Mill, located ~40km east of Widgiemooltha.
Torque reports that it plans additional drilling at the Observation Prospect to further define scale of the mineralised zone, along with target generation with the objective of extending the Paris gold corridor to the north.
Further assays from the first phase drilling program are anticipated in the coming weeks, subject to laboratory delays.
“the results show a “Gold Corridor” exists spanning at least 2.5kms and encompassing the mineralisation at Paris Pit, HHH Pit and now Observation”
Torque Metals Executive Chairman Ian Finch said: “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. 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.”
Images: Torque Metals Limited