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Torex Gold Resources Reports Positive Drilling Results at ELG Underground
TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report positive assay results from the
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report positive assay results from the Company’s ongoing drill program at the El Limón Guajes underground mine, including zones referred to as Sub-Sill and El Limón Deep (“ELD”) (collectively the “ELG Underground”). The latest drilling results support the Company’s strategic priority to optimize and extend the mine life of ELG Underground beyond current reserves. Jody Kuzenko, President & CEO of Torex, stated: “ELG Underground has been a significant driver of Mineral Reserve and Resource growth over the last several years, and the latest results from the ongoing drill campaign continue to validate our positive outlook. We are excited about the long-term prospects of the ELG Underground given the potential to continue to grow higher grade reserves and resources while steadily increasing mining rates toward a target of 2,000 tonnes per day. The upside reserve potential of the ELG Underground also supports our plan to fill the mill beyond 2027, when, on the current reserve case, Media Luna is expected to become the sole source of feed to the processing plant. “At ELD, infill drilling successfully intersected high grade mineralization 110 metres (“m”) below the current reserve envelope, which bodes well for reserve replacement and ongoing reserve growth. Key intersects include 16.96 grams per tonne gold (“g/t Au”) over a core length of 17.5 m, 16.87 g/t Au over 9.7 m, 10.39 g/t Au over 11.7 m, and 13.49 g/t Au over 5.5 m. “Step-out and infill drilling at Sub-Sill South has also been positive with several impressive intersects, including 7.18 g/t Au over a core length of 21.3 m, 10.01 g/t Au over 9.7 m and 7.66 g/t Au over 8.9 m. Although further drilling is required, results to date highlight the potential for Sub-Sill South to be developed into a new underground mining front. Sub-Sill South is located 120 m south of the producing Sub-Sill deposit and 470 m north of a zone of mineralization below the El Limón Sur open pit. “Additionally, Portal #3 ramp development to the lower areas of ELD and Sub-Sill is now complete. Construction of drill platforms are in progress, which will allow the Company to more effectively carry out infill and step-out drilling at depth at both Sub-Sill and ELD. The completion of Po...