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Torex Gold Resources Reports Encouraging Results From Drilling at EPO
TORONTO, March 23, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report results from the 2022 drilling
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" TORONTO, March 23, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report results from the 2022 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. The program was focused on upgrading Inferred Resources to the Indicated category and expanding Inferred Resources through step-out drilling. Jody Kuzenko, President & CEO stated: “We are very encouraged by the results of the 2022 drilling program at EPO, which is expected to achieve our target of upgrading approximately half of the current Inferred Mineral Resource to the Indicated category. We are also optimistic about the potential to further increase the size of EPO, as the deposit remains open to the north, south and west. Results from infill drilling targeting to upgrade Inferred Resources to the Indicated category conducted in 2022, and the infill program planned for the first half of 2023, will form the basis of an internal prefeasibility study on EPO, which we expect to complete in H1 2024. “Infill drilling at EPO returned intersections with similar thickness and even better grades than previous drilling in these areas. Based on the 2022 drill results, we expect a reasonably high conversion rate when upgrading Mineral Resources from the Inferred category to the Indicated category. Notable assay results include 18.9 grams per tonne gold equivalent (“gpt AuEq”) over a core length (not true width) of 32.9 metres (“m”), 107.7 gpt AuEq over 4.3 m, 10.8 gpt AuEq over 35.1 m, 7.3 gpt AuEq over 42.0 m, and 16.4 gpt AuEq over 17.2 m. “Step-out drilling to the south and west of EPO was also successful in extending the mineralized footprint of the deposit approximately 200 m to the west and 250 m to the south. Based on the results of the program, we expect to add Inferred Mineral Resources within the area drilled off. “Drilling EPO, with a view to advancing to the mine design stage, is a strategic priority given the potential for EPO to play a key role in supporting our efforts to fill the mill and maintain consistent gold equivalent production beyond 2027. These drill results continue to demonstrate the underlying resource potential of the Morelos Property and reinforce our positive outlook on our ability to complement future pro...