Paris resource upgrade looks to be on the cards as Torque drilling extends gold zone
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- Torque Metals’ extensional drilling confirms that Paris project mineralisation remains open
- Results such as 7m at 7.92g/t gold indicates plenty of potential to grow current 250,000oz resource
- Assays pending from remaining extensional drilling holes
Special Report: Torque Metals continues to receive strong drill results from its Paris project that clearly demonstrates plenty of potential to increase the gold inventory beyond the current estimate.
Partial results from the company’s most recent extensional reverse circulation drill program returned strong results including a top hit of 7m grading 7.92g/t gold from a down-hole depth of 216m in hole 24PRC148 while hole 24PRC130 returned three intersections of 2m at 1.27g/t gold from 69m, 4m at 1.24g/t from 79m and 5m at 1.02g/t from 139m.
Torque Metals (ASX:TOR) said the results indicate that Paris project mineralisation is open, extends downdip and updip into shallow zones, all signs there’s more than the current resource of 2.52Mt at 3,1g.t gold.
Assays were also received for the final diamond holes at the project with hole 24DHHH004 at the HHH deposit duplicating previous shallow gold distribution after returning an 8.85m intersection grading 1.88g/t gold from 66.8m.
Meanwhile, hole 24PDD006 at the Paris deposit delivered an assay of 9.12m at 2.39g/t gold from 224.7m.
Managing director Christian Moreno said that while the recent delivery of the 250,000oz gold resource at Paris was a significant achievement, ongoing drilling has already indicated that the company is already well on the way towards increasing those numbers.
“Our objectives are to extend mineralisation beyond the current resource boundaries, to upgrade MRE inferred resource blocks to indicated and explore regional targets – outside MRE area – that are exhibiting strong gold-in-soils anomalies and historical drilling intercepts,” he added.
“With the outstanding results we continue to report – such as 8m at 4.72 g/t gold in hole 24PRC123 and 7m at 7.92 g/t gold in hole 24PRC148, within an interval of 15m at 3.85 g/t gold – Torque is highly confident the Paris gold project is poised for growth in resources.”
Metallurgical testing
Meanwhile, the company noted that Independent Metallurgical Operations (IMO), which it commissioned to manage sighter metallurgical testing of core samples, is currently testing multiple composites with sample analysis expected to be completed in November.
Initial metallurgical testing by IMO of core samples from the Paris and Observation deposits in 2023 resulted in the gravity recovery of 40.7% and 39.9% of the gold in their respective composites.
Comminution tests indicated a medium ore hardness, with Bond Ball Work Index values of 13.6 kWh/t for Paris and 9.5 kWh/t for Observation.
Additionally, cyanide leaching achieved high gold recoveries of 96.7% and 99.7% for the Paris and Observation composites respectively.
Next steps
TOR is currently awaiting assays from the remaining 22 holes in its extensional RC program as well as results from metallurgical studies to further assess mineral processing options.
Data from these programs will contribute towards a scoping study focused on higher confidence indicated resources at the project.
It also plans to carry out infill drilling within the infill resource zones to upgrade some of these areas to the indicated classification.
Additionally, the company is generating drill targets across its regional tenements with the goal of carrying out reconnaissance drilling.
This article was developed in collaboration with Torque Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
