Torque to launch next phase of drilling at Paris

With some 10,000m of reverse circulation and diamond drilling now complete at its Paris Gold Project in Western Australia, Torque Metals (ASX:TOR) is setting its sights on the next phase of exploration.

The program was increased from an earlier 6,500m campaign, and sought to extend gold structures that previously returned up to 35m @ 14.12 grams per tonne (g/t) gold.

Though assays are due in the coming weeks, a next-stage 4,000m reverse circulation campaign is being planned, which will probe around the known gold system at Observation, which Torque says may be amenable for a shallow open pit development. 

Managing Director Cristian Moreno says initial findings from the 10,000m program suggest not only east-west mineralised structures are present in the system, but also north-south connectivity between previous discoveries at Paris, Observation, HHH, and Eva prospects. 

“In Paris, metallurgical tests show strong gravity and cyanide leaching recoveries with 40% gold recovery via gravity concentration,” he says. 

“Beyond its geological attraction, Paris Gold Project boasts proximity to infrastructure, sharing a thoroughfare with major gold producers such as Gold Fields, Northern Star, and Karora Resources optimising logistical aspects and its mining licences expediting a pathway to production.”

In March 2024, Torque initiated a drilling-for-equity agreement with Topdrill, allowing Torque to cover 100% of drilling costs billed by Topdrill via the issue of Torque shares valued at $500,000. 

The agreement has been updated to increase the value to $700,000. 

Further, the company is continuing drilling at its New Dawn Lithium Project, while aiming to deliver a maiden mineral resource. 

The company also aims to deliver a maiden exploration target and mineral resource for its Paris Project. 

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Images: Torque Metals
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.