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Torex Gold Resources Reports Year-End 2022 Reserves & Resources
Solid growth of Mineral Resources -- Inaugural Indicated Mineral Resource declared at EPO (All amounts expressed in U.S. Dollars unless otherwise stated) TORONT
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" Solid growth of Mineral Resources -- Inaugural Indicated Mineral Resource declared at EPO (All amounts expressed in U.S. Dollars unless otherwise stated) TORONTO, March 28, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report year-end 2022 Mineral Reserves and Resources for the Morelos Complex, which includes the producing El Limón Guajes (“ELG”) Mine Complex (consisting of the ELG Open Pits and ELG Underground), development stage Media Luna deposit, EPO deposit, and surface stockpiles. Table 1: Year-over-year comparison of Mineral Reserves & Mineral Resources for the Morelos Complex December 31, 2022 December 31, 2021 Variance Tonnes AuEq AuEq1 Tonnes AuEq AuEq1 Tonnes AuEq AuEq1 (kt) (gpt) (koz) (kt) (gpt) (koz) (kt) (gpt) (koz) Proven & Probable Reserves Media Luna Underground 23,017 4.54 3,360 23,017 4.54 3,360 - - - ELG Open Pit 8,403 3.27 885 10,371 3.15 1,051 (19%) 4% (16%) ELG Underground 2,563 6.17 508 2,675 5.81 500 (4%) 6% 2% Surface Stockpiles 4,655 1.30 195 4,808 1.38 213 (3%) (6%) (9%) Total Morelos Complex 38,638 3.98 4,947 40,871 3.90 5,123 (5%) 2% (3%) Measured & Indicated Resources2 Media Luna Underground 27,390 5.30 4,669 25,380 5.38 4,394 8% (2%) 6% ELG Open Pit 11,304 3.08 1,119 16,754 2.93 1,580 (33%) 5% (29%) ELG Underground 5,016 6.26 1,009 4,551 6.34 927 10% (1%) 9% EPO Underground 4,050 5.16 671 - - - na na na Total Morelos Complex 47,760 4.86 7,468 46,685 4.60 6,901 2% 6% 8% Inferred Resources Media Luna Underground 7,322 4.27 1,006 5,991 4.05 780 22% 6% 29% ELG Open Pit 1,385 1.95 87 812 1.83 48 71% 7% 82% ELG Underground 1,480 6.05 288 1,380 4.95 220 7% 22% 31% EPO Underground 5,634 4.04 732 8,019 3.97 1,024 (30%) 2% (29%) Total Morelos Complex 15,821 4.15 2,112 16,202 3.98 2,071 (2%) 4% 2% Notes to Table: Gold equivalent (AuEq) Mineral Reserves and Resources take into account respective metal prices and metallurgical recoveries for gold, silver, and copper (see Table 3 and Table 5). Mineral Resources are reported inclusive of Mineral Reserves. The reader is cautioned not to misconstrue this tabulation as a Mineral Reserve or...