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Torex Gold Resources Reports Results From the 2021 Drill Program at ELG Underground
TORONTO, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces initial results from the 2021 drilling prog
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" TORONTO, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces initial results from the 2021 drilling program at the El Limón Guajes underground mine, including zones referred to as Sub-Sill and El Limón Deep (“ELD”) (collectively the “ELG Underground”). Jody Kuzenko, President & CEO stated: “A key pillar of the Torex strategy moving forward includes a fresh focus on exploration and we are pleased with the results from the 2021 drill program at the ELG Underground. Infill drilling conducted under the first phase of the 2021 program reinforces our positive outlook on the ability to extend the mine life of the ELG Underground beyond current reserves and complement future production from Media Luna, which remains on track to begin in Q1 2024. “The 2021 ELG Underground drill program is divided into two phases. The first phase, for which final assays are still being received, was focused on upgrading Inferred mineral resources to the Measured and Indicated categories with a view to extending the mine life of the ELG Underground. The second phase, which commenced this summer, is focused on step-out drilling to grow the overall resource base. Initial results from step-out holes targeting a previously identified area under the El Limón Sur open pit are encouraging. Further drilling is required to better understand the geology and potential of this area, which is located approximately 300 metres southwest of Sub-Sill. “Overall, the ELG Underground has been a key value driver for Torex as reserves have been expanded and the mining rate has increased to well over 1,200 tonnes per day – substantially higher than the 830 tonnes per day originally anticipated from the Sub-Sill deposit. Based on the drill results seen to date, we believe we are well positioned to unlock further value from the ELG Underground.” Key highlights from the 2021 ELG underground drill program are outlined in Table 1. TABLE 1: HIGHLIGHTS FROM 2021 ELG UNDERGROUND DRILL PROGRAM Drill-Hole Deposit(purpose) From(m) To(m) Core Length(m) Au(g/t) Ag(g/t) Cu(%) LDUG-149 ELD (infill) 36.0 70.0 34.0 15.04 14.7 0.66 LDUG-152 ELD (infill) 40.2 62.7 22.5 21.52 12.7 0.53 LDUG-148 ELD (infill) 33.0 76.5 43.5 9.65 4.4 0.18 LDUG-164 ELD (infill) 52.0 80.9 28.9 13.53 16.2 0.86 LDUG-166 ELD (infill) 91.0 132.0 41.0 8.92 4.0 0.21...