Torque Metals has completed a ~10,000m extension drilling program at its Paris gold project
Program has extended previously identified mineralisation and identified connectivity between previous discoveries
Planning already underway for follow-up 4000m program to test Observation for its open pit gold potential
Special Report: Torque Metals is keen to keep the momentum going at its Paris gold project in WA’s Goldfields region, with planning already underway on the next phase of drilling.
The now-completed ~10,000m reverse circulation and diamond drilling program was carried out to reveal extensions to recently defined gold zones as well as targets generated from recent drilling, machine learning algorithms and geological models at the project, which is just 12km southeast of the St Ives gold mine.
St Ives – operated by South Africa’s Gold Fields – produces close to 400,000ozpa and has been one of Australia’s biggest gold mines for well over two decades.
The drilling was carried out under a drill-for-equity agreement with Topdrill, which allows up to 100% of the drill costs invoiced through the issue of TOR shares to a maximum value of $500,000.
For Torque Metals (ASX:TOR), the Paris project represents the opportunity to carry out exploration over a 1,000km2 package of largely unexplored ground within one of the world’s great gold fields.
Not only has less than 5% of the project been subjected to drill testing, but most of the holes were also drilled to less than 50m below surface.
Paris has the potential to host multiple deposits within a larger mineralised system characterised by parallel structures and splays under the control of the Boulder Lefroy System.
Previous drilling by TOR returned notable intersections such as 35m grading 14.12g/t gold and 41m at 5.93g/t gold.
Connections confirmed between discoveries
While assays are pending for the extension drilling program, the ~10,000km program has already extended previously identified mineralisation at the project.
There is also north-south connectivity between previous discoveries Paris, Observation, HHH and Eva, which managing director Cristian Moreno said would generate “mining scale and significant growth options”.
Adding interest, Topdrill has increased the size of its drill-for-equity agreement to $700,000.
“We are grateful to Topdrill for their conviction and support of the Paris drill program, as demonstrated by the expansion of the scale of the drill program, and the size of Topdrill’s investment in Torque will grow to $700,000,” Moreno added.
“In Paris, metallurgical tests show strong gravity and cyanide leaching recoveries with 40% gold recovery via gravity concentration. With low-cyanide consumption leaching, Paris at 0.43kg/t and Observation at 0.165kg/t, Paris achieves 96.79% and Observation reaches 99.7% gold recoveries.
“Beyond its geological attraction, Paris gold project boasts proximity to infrastructure, sharing a thoroughfare with major gold, producers such as Gold Fields Limited, Northern Star, and Karora Resources optimising logistical aspects and its mining licences expediting a pathway to production.”
More drilling
TOR is now devising a follow-up, shallow 4000m RC drill program to test ground around the known gold system at Observation.
This is aimed at delivering a case for a modest but still rewarding shallow open pit development.
This article was developed in collaboration with Torque Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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