Torque Metals (ASX:TOR) is looking to boost a gold endowment at its Paris Gold Project in Western Australia with a 6,500m reverse circulation and diamond drilling program.
Drilling is slated to begin this week and is designed to extend gold structures at the Paris, Observation, HHH and Eva prospects, where the company encountered ‘excellent’ gold intercepts.
Those results include 35m @ 14.12 grams per tonne (g/t) gold, including 1.2m @ 185g/t.
Torque is looking to delineate a maiden Mineral Resource Estimate (MRE) and exploration target at Paris over the coming quarters. It is also working to define a maiden MRE at its neighbouring New Dawn Lithium Project.
The Paris drilling campaign is informed by a litho-structural model recently developed in collaboration with external structural geology experts. The model provides valuable insights into the subsurface geology which enables Torque to target areas with the highest potential for gold mineralisation.
Managing Director Cristian Moreno says Paris has the potential to host multiple deposits within a larger mineralised system characterised by the targeted parallel structures (2.5km by 1km and open), as well as splays under the control of the Boulder Lefroy System.
Meanwhile Torque, which has a $21.82 million market capitalisation, announces metallurgical testwork results have exceeded in both gravity and cyanide leaching recoveries.
“Metallurgical testing outcomes significantly bolster the project’s viability, with gravity and cyanide leaching recoveries achieving very strong results,” Moreno says.
“Gravity concentration yields approximately 40% gold recovery for both Paris and Observation. Impressively, cyanide leach testing demonstrated Paris achieved a recovery rate of 96.79%, while Observation attained an even higher recovery rate of 99.7% with minimal cyanide consumption required.”
Independent Metallurgical Operations were enlisted to oversee the metallurgical testing of core samples from the Paris and Observation deposit.
Covering about 500km2, the Paris Gold Project includes 10 fully owned mining and exploration licences within the Goldfields region.
Torque Metals is a gold, lithium, and nickel explorer focused on its assets in Western Australia.
Write to Adam Drought at Mining.com.au
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