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Torex Gold Resources Reports Positive Drilling Results from ELG Underground
TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces assay results from the Company’s ongoing dr
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces assay results from the Company’s ongoing drilling program at the El Limón Guajes underground mine, including zones referred to as El Limón Deep (“ELD”), Sub-Sill, Sub-Sill South, El Limón Sur Deep, and El Limón West (collectively “ELG Underground”). Jody Kuzenko, President & CEO of Torex, stated: “We are excited about the positive results from the ongoing drilling program at ELG Underground. The program is a key facet of our strategy to optimize and extend the mine life at ELG Underground with a view to filling the mill beyond 2027. “Infill and step-out drilling to the south at El Limón Sur Deep was successful in extending higher-grade mineralization outside of the current resource block model. Several drill holes returned notable intersects over favourable widths including 88.92 grams per tonne gold equivalent (“gpt AuEq”) over 14.5 metres (“m”) in drill hole LS-220, 11.20 gpt AuEq over 29.4 m and 19.03 gpt AuEq over 13.3 m in LS-221, 6.86 gpt AuEq over 16.6 m in LS-187, and 7.46 gpt AuEq over 11.6 m in LS-184. These drill results, which include several higher-grade sub-intervals in addition to other impressive intersects, validate the high grade potential associated with the area that runs from El Limón Sur Deep to the La Flaca fault (600 m), known as the El Limón Sur Trend, with potential to extend deeper. “Drilling at El Limón Sur Deep also encountered areas of economic copper mineralization which we expect to mine after the flotation circuit, part of the Media Luna Project, is commissioned in late-2024. This will enable us to maximize margins from this zone of the deposit and to compliment copper production from Media Luna. “Additionally, step-out drilling looking for the north-south continuity of the feeders on the north side of the Z71 fault completed in late-2022 encountered the deepest recognized mineralization at the 400 m elevation within the El Limón Sur Trend, with drill hole SST-299 intersecting 4.17 gpt AuEq over 3.7 m. This hole was drilled within a cluster of holes which included an intersect of 9.56 gpt AuEq over 5.0 m in SST-278 and 6.23 gpt AuEq over 8.9 m in SST-282. This set of drill holes demonstrates the continuity of mineralization at depth at ELG Underground and supports previous inf...