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Torex Gold Resources Inc.
Summary
| Project: | Morelos | |
|---|---|---|
| Deposit: | El Limon Sill | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-1-2017: Torex Gold Resources Inc. announces an Exploration/Drilling Update report for its El Limon Sill deposit at the Morelos project. Drilling results incl. 3.4m @ 317.8g/t Au, 51.0g/t Ag, 1.6% Cu from 141.72m. TORONTO, Ontario, January 5, 2017 – Tore | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark P. Hertel (Independent) | |
| ABSTRACT: | TORONTO, Ontario, January 5, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce the results of the first portion of its drilling program under the ‘El Limon Sill’. Highlighted intercepts from the El Limon Sill exploration program include 317.8 g/t Au over 3.4m in borehole SST-01, 230.7 g/t Au over 2.4m in borehole SST-19, 19.6 g/t Au over 9.6m in borehole ST-25, 22.6 g/t Au over 13.3m in borehole SST-27 and 83.3 g/t Au over 4.3m in borehole SST-34. Fred Stanford, President & CEO of Torex stated: “Today’s high grade, under the sill, exploration results provide an exceptional start to the new year, and an equally exceptional opportunity to add significant resources in close proximity to existing operations. 3.4 meters of 10 ounces per tonne tends to bring a smile and an imperative to move quickly. The under the sill area can be accessed by a 600 meter ramp from the El Limon Access Road. This ramp has been collared and is already advanced more than 110 meters toward the target area. These results and the success rate of our exploration programs confirm our belief in the potential for mining in this area for generations to come. The results also open the possibility of finding additional ‘sill type’ targets in areas close to the processing plant. Further exploration of deeper targets will be conducted from the bottom of the ramp, once it is completed later this year.” He added; “An updated resource estimate for the ‘under the sill’ area is expected in Q2/17.” | |
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