Torque’s maiden Paris resource is the stepping stone to more gold

Torque defines maiden resource of 250,000oz gold at 3.1g/t for its Paris project
Resource covers just 2.5km² of the 350km² are controlled by the company
Company will build on resource by focusing exploration on untested targets within resource area

Special Report: Torque Metals has defined a maiden resource of 250,000oz at 3.1g/t gold for its Paris gold project in WA’s Goldfields region that provides a strong base for further growth.

Most of the 2.52Mt at 3.1g/t gold resource (96%) is shallow, high-recovery material with ~190,000oz at 2.9g/t being open pittable while the remaining 60,000oz at 3.8g/t is contained underground.

What’s especially exciting for Torque Metals (ASX:TOR) is that this resource is just for the 2.5km² tested area out of the 350km² area it controls and that mineralisation is open in all directions.

The company has already identified strong signs of linking structures and mineralisation both outside and next to resource areas, a clear sign that there is strong potential for growth through further exploration.

Managing director Cristian Moreno said the definition of the resource at Paris is the culmination of extensive drilling over two years coupled with its advanced geological modelling methodology and database managing systems.

“Considering the project’s large ~57km strike length, within a generous ~350km² greenstone belt controlled by Torque, the Paris MRE — currently focused on an area spanning only 2.5km² — has significant expansion opportunities, with gold already identified both outside and next to the MRE area,” he added.

“There is still much work to be done to unearth the full potential of the Paris gold project.

“This begins with focusing on the untested targets within the current resource area, in addition to building our knowledge on the structures and possible linkages that exist between our Paris, HHH and Observation deposits.”

Paris resource

The Paris resource comprises the Paris, HHH and Observation deposits.

Paris has a resource of 1.09Mt at 4.3g/t gold, or 152,000oz contained gold, with 22% in the higher confidence indicated category.

HHH hosts 1.15Mt at 2g/t gold, or 73,000oz contained gold, with 14% in the indicated category while Observation is both smallest yet the highest certainty deposit with 76% of its 279,000t at 2.8g/t resource in the indicated category.

TOR notes that historical mining has occurred at both Paris and HHH.

Forward work programs

The company is currently awaiting remaining assays from the recently completed six-hole diamond drilling program with the first four holes returning thick, high-grade hits including 2.7m at 82.45g/t gold.

It is also continuing extensional RC drilling, which is expected to be completed in October.

Additional metallurgical studies are underway to further de-risk and assess production options.

This will feed into a scoping study that will investigate a toll treatment option for Paris.

TOR expects further infill drilling within the inferred resource to upgrade some of these areas to the indicated category and is also generating drill targets across broader regional tenements for reconnaissance campaigns.

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.