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.
Write to Aaliyah Rogan at Mining.com.au
Images: Torque Metals
