Torque Metals (ASX:TOR) has received ‘exceptional’ gold recovery results from metallurgical testwork conducted at the Paris and Observation prospects within the Paris Gold Project in Western Australia.
The $42.13 million market capitalisation company says the metallurgical testwork exceeded expectations for the conventional cyanide leaching and gravity processes.
Gravity tests, prior to the cyanide leaching, confirmed the presence of coarse gravity recoverable gold, accounting for 40.7% of the gold, within the Paris composite and 39.9% of the gold within the Observation composite.
Cyanide leach testing produced overall gold recoveries of 96.7% from the composite calculated head grade of 5.57 grams per tonne (g/t) for Paris.
For the Observation prospect, cyanide leach testing produced 99.7% gold recoveries from the composite calculated head grade of 2.35g/t.
Assay results were completed by Bureau Veritas and testwork was managed by Metallurgical Operations.
A second round of drilling is being planned, which will provide new material for the next round of metallurgical testwork.
Commenting on the testwork results, Torque Metals Managing Director Cristian Moreno says: “This first metallurgical characterisation of Torque’s Paris and Observation gold prospects is indeed vindication of the company’s view that it holds a first-class, emerging gold project.
Benefits from the inaugural diamond drill campaign, as initially revealed by assays and now reinforced by IMO’s metallurgical analysis, are being realised.
Very high gold recoveries through standard cyanide leaching show the benign, free milling mineralogy. That 40% of the gold is amenable to gravity recovery further exposes the quality of the deposits. These advances encourage the company that a quality Mineral Resource Estimate can be delineated in H1 2024.
Whilst our immediate focus remains on testing the lithium potential of the New Dawn Lithium Project where we have recently commenced our maiden drilling, the company keeps advancing Penzance and Paris projects, and we are confident that with our ongoing in-house exploration efforts, we will further solidify our position in the gold and nickel sector.”
The Paris Gold Project is a 200km-square area located in the Western Australian Goldfields region.
Torque Metals is an ASX-listed exploration company, focused on its prospective ‘high-grade’ mineral deposits in Western Australia. The company’s portfolio of assets include the Paris, New Dawn, and Penzance projects.
As of 30 June 2023, the company had $2.090 million cash at hand, according to its latest quarterly report. Subsequent to the end of June, the company conducted a share placement to raise $4 million.
Write to Aaliyah Rogan at Mining.com.au
Images: Torque Metals
