Business
Torex Gold Reports Results From 2023 Drilling at EPO Deposit
TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report initial results from the 2023 d
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report initial results from the 2023 drilling program at EPO, a deposit located to the north of the Media Luna deposit, in close proximity to the Guajes Tunnel, south of the Balsas River. Results from the 2023 program continue to highlight the potential to upgrade Inferred resources to the Indicated category and expand Inferred resources through step-out drilling to the north and south of the deposit. Jody Kuzenko, President & CEO stated: “The geology of the Morelos Property continues to impress and support our strategy to enhance the production and cash flow profile beyond 2027 and extend the overall life of the Morelos Complex. The focus of our renewed investment in exploration and drilling is on expanding the resource potential of the Media Luna Cluster and making stand-alone discoveries across the broader Morelos Property. “We are pleased with the results to date from the 2023 drilling program at EPO as the assay results indicate the potential to upgrade additional Inferred mineral resources while expanding mineralization. We are also optimistic about the potential to further increase the size of EPO, as the deposit remains highly prospective with mineralization open to the north, south, and potentially at depth. Results from the 2023 program will be incorporated into the year-end Mineral Resource update and will form the basis of an internal study evaluating the feasibility of developing an economic mining front at EPO, which could leverage the infrastructure currently being developed for Media Luna, including the Guajes Tunnel. “Drill results from the resource categorization program have been positive, with infill drilling along the southern end of the deposit returning intercepts with similar grades and widths as previous drilling. Several drill holes returned favourable assay results including 9.78 grams per tonne gold equivalent (“gpt AuEq”) over 21.3 metres (“m”) in drill hole ML23-957D; 11.08 gpt AuEq over 5.3 m in ML23-941D; 5.08 gpt AuEq over 5.0 m in ML23-954D; 7.11 gpt AuEq over 14.1 m in ML23-938D; and 3.96 gpt AuEq over 49.75 m in ML23-933D. “Initial results from the resource expansion program have also been encouraging, with four step-out holes confirming the mineralized footp...