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Torex Gold Resources Inc.
Summary
| Project: | Morelos | |
|---|---|---|
| Deposit: | El Limon | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-2-2019: Torex Gold Resources Inc. announces an Exploration/Drilling Update report for its El Limon deposit at the Morelos project. Drilling results incl. 45.9m @ 12.5g/t Au, 10.5g/t Ag, 0.2% Cu from 12.00m. TORONTO, Ontario, February 14, 2019 – Torex G | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lars Weiershauser (Internal) | |
| ABSTRACT: | TORONTO, Ontario, February 14, 2019 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announces the results from the first 32 holes of its infill drill program targeting the ELD zone, in preparation for a maiden underground resource estimate. The ELD zone is the downdip extension of mineralization below the El Limon Open Pit, at the Morelos Property in Southwest Mexico. Highlights from this program include 25.0 g/t Au over 8.5m in borehole LDUG-026, 24.9g/t Au over 7.5m in borehole LDUG-013, 16.8g/t Au over 15.2m in borehole LDUG-021, and 12.5g/t Au over 45.9m in borehole LDUG-002. The deposit remains open down dip and along strike. Fred Stanford, President and CEO of Torex stated: “These initial results illustrate the potential of the Morelos Property to continue to offer incremental ore sources to complement the production from the open pits, and potentially from Media Luna after the pits are mined out. ELD is ‘above the sill’, whereas Sub-Sill is ‘below the sill’. Both are accessed from the same underground infrastructure. ELD is where testing of the Muckahi Mining System will take place, starting this quarter. Testing in 2019 will include both tunnel excavation and long hole open stope production mining. Access to start the testing is in place. The first piece of Muckahi equipment is in transit to site. Training will start this month, with the first Muckahi blast anticipated before the end of the quarter. Step-out drilling at ELD, to test for down dip mineralization, will continue during the Muckahi testing. Media Luna infill drilling will also continue throughout the year, as we upgrade this resource in preparation for further technical studies. Exciting times at Torex, as we plan to produce more than 400,000 ounces of Au/year, seek to grow the resources at Morelos, upgrade the confidence class of underground resources, and develop innovative ways to reduce the cost and environmental impact of mining, with methods that could be applicable across the industry.” | |
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