Business
Torex Gold Resources Reports Results from 2023 Exploration Drilling Program at Media Luna West
Results provide growing confidence in the mineralized potential of the Media Luna Cluster TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" Results provide growing confidence in the mineralized potential of the Media Luna Cluster TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to provide results from the 2023 exploration drilling program at Media Luna West. The drilling results support the Company's strategy to further prove up the potential of the Media Luna Cluster and unlock additional near-mine opportunities in order to enhance the future production profile of the Morelos Complex and extend the reserve life beyond 2033. Jody Kuzenko, President & CEO of Torex, stated: “We are highly encouraged by the results of our 2023 exploration drilling program at Media Luna West, which continue to enhance our confidence in the mineralized potential of the ever-expanding Media Luna Cluster. While exploration at Media Luna West is still at an early-stage relative to the nearby Media Luna and EPO deposits, the latest results, when combined with historical results and a new structural model, highlight the potential for Media Luna West to become a future source of feed for the Morelos Complex. Follow-up drilling at Media Luna West is planned for 2024 as we advance this zone to the next exploration stage.” HIGHLIGHTS Media Luna West is an earlier stage exploration target located in close proximity to the Media Luna and EPO deposits as well as existing and planned infrastructure associated with the Media Luna Project, including the Guajes Tunnel. Several holes drilled as part of the 2023 program returned mineralized intercepts including ML23-986A which returned an impressive 29.76 grams per tonne gold equivalent (“gpt AuEq) over an interval of 14.10 metres (“m”) including 27.50 gpt gold (“Au”), 27.9 gpt silver (“Ag”), and 1.20% copper (“Cu”). This hole was drilled approximately 200 m north of historic drill hole MLW-02 (results published on December 14, 2012) which returned intercepts of 4.11 gpt AuEq over 37.30 m and 10.41 gpt AuEq over 9.05 m, and 50 m west of historic drill hole MLW-04 (results published on October 19, 2012) which returned an intercept of 7.26 gpt AuEq over 20.32 m. Full results from the 2023 exploration drilling program at Media Luna West are reported in Table 3. Results for historical holes drilled at Media Luna West are reported in Table 4. 2023 EXPLORATION DRILLING PROG...