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Torex Gold Resources Inc.
Summary
| Project: | Morelos | |
|---|---|---|
| Deposit: | El Limon Deep (ELD) | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/5/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-11-2019: Torex Gold Resources Inc. announces an Exploration/Drilling Update report for its El Limon Deep (ELD) deposit at the Morelos project. Drilling results incl. 38.0m @ 15.60g/t Au, 11.0g/t Ag, 0.55% Cu from 94.9m. TORONTO, Ontario, November 5, 201 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lars Weiershauser (Internal) | |
| ABSTRACT: | TORONTO, Ontario, November 5, 2019 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces results from the 2019 drill program at the El Limón Deep (ELD) deposit, at the Company’s El Limón Guajes complex in Mexico. The 2019 program has been successful in extending mineralization 150 metres down-dip from current reserves as well as along strike to the south. Highlights from the latest round of drill results include 15.6 g/t Au over 38.0 metres in LDUG-039, 28.5 g/t Au over 5.8 metres in drill-hole LDUG-049, 20.9 g/t Au over 12.0 metres in LDUG-056, and 15.7 g/t Au over 16.8 metres in LDUG-036. Mineralization at ELD remains open in multiple directions. Fred Stanford, President & CEO of Torex Gold, stated: “These excellent results show the potential to extend the reserves down-dip and along strike to the south, as illustrated in Figures 1 and 2. The current reserves for ELD extend 150 metres down-dip. Extending the mineralization for another 150 metres downdip has the potential to materially extend the mine life of ELD. The mineralization is still open at depth, and this opportunity will be drill tested in 2020. The current average reserve grade of ELD is 5.5 g/t. As noted in Table 1, many of the down-dip intersections are considerably above that grade. The deposit appears to be steepening at depth, which bodes well for low cost bulk mining techniques. “We also tested for extensions along strike. The low-grade intersections shown in Figure 3 indicate that we found the northern limit of the strike extension at depth. We are unlikely to mine that area. The deposit remains open along strike to the south. The last three holes in Table 2 were targeting the Sub-Sill deposit, but also intersected the El Limón skarn above the sill. Figure 4 illustrates how that happened.” | |
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