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Torex Gold Resources Inc.
Summary
| Project: | Morelos | |
|---|---|---|
| Deposit: | El Limon Sub-Sill | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 2/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-2-2017: Torex Gold Resources Inc. announces an Exploration/Drilling Update report for its El Limon Sub-Sill deposit at the Morelos project. Drilling results incl. 3.9m @ 112.7g/t Au, 39.2g/t Ag, 1.3% Cu from 134.58m. Torex Gold Resources Inc. (the “Com | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark P. Hertel (Independent) | |
| ABSTRACT: | Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) is pleased to announce the results of the first round of its step out drilling program for its Sub-Sill target. Highlighted intercepts from this program include 112.7 g/t Au over 3.9m and 23.9 g/t Au over 5.8m in borehole SST-15, 33.7 g/t Au over 2.9m in borehole SST-06, 23.0 g/t Au over 7.4m and 19.4 g/t Au over 16.0m in borehole ST-07, and 23.2 g/t Au over 4.1m in borehole SST-09. Fred Stanford, President & CEO of Torex stated: “These encouraging high grade results indicate that the Sub-Sill mineralization is open to the north, south, and east, and is also open at depth. A resource estimate that includes today’s results is expected to be completed in Q2/17. Another step out drill program is being planned and drilling is expected to commence this quarter. This program will also seek to probe the extension of mineralization at greater depths, and to identify the source of the magnetism that past studies have indicated is present.” He added: “The 600 meter ramp to access the Sub-Sill has now advanced more than 250 meters and remains on schedule for completion by mid-year. The ramp will also continue to advance toward the El Limon Deep target that is under the El Limon pit, and above the ‘’Sill’. Mine planning is underway, and it is expected that processing of Sub-Sill material will commence before the end of the year.” | |
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