Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is
pleased to provide results from the 2023 exploration drilling
program at Media Luna West. The drilling results support the
Company's strategy to further prove up the potential of the Media
Luna Cluster and unlock additional near-mine opportunities in order
to enhance the future production profile of the Morelos Complex and
extend the reserve life beyond 2033.
Jody Kuzenko, President & CEO of Torex,
stated:
“We are highly encouraged by the results of our
2023 exploration drilling program at Media Luna West, which
continue to enhance our confidence in the mineralized potential of
the ever-expanding Media Luna Cluster. While exploration at Media
Luna West is still at an early-stage relative to the nearby Media
Luna and EPO deposits, the latest results, when combined with
historical results and a new structural model, highlight the
potential for Media Luna West to become a future source of feed for
the Morelos Complex. Follow-up drilling at Media Luna West is
planned for 2024 as we advance this zone to the next exploration
stage.”
HIGHLIGHTS
Media Luna West is an earlier stage exploration
target located in close proximity to the Media Luna and EPO
deposits as well as existing and planned infrastructure associated
with the Media Luna Project, including the Guajes Tunnel.
Several holes drilled as part of the 2023
program returned mineralized intercepts including ML23-986A which
returned an impressive 29.76 grams per tonne gold
equivalent (“gpt AuEq) over an interval of 14.10 metres (“m”)
including 27.50 gpt gold (“Au”), 27.9 gpt silver (“Ag”), and 1.20%
copper (“Cu”).
This hole was drilled approximately 200 m north
of historic drill hole MLW-02 (results published on December 14,
2012) which returned intercepts of 4.11 gpt AuEq over 37.30 m and
10.41 gpt AuEq over 9.05 m, and 50 m west of historic drill
hole MLW-04 (results published on October 19, 2012) which returned
an intercept of 7.26 gpt AuEq over 20.32 m.
Full results from the 2023 exploration drilling
program at Media Luna West are reported in Table 3. Results for
historical holes drilled at Media Luna West are reported in Table
4.
2023 EXPLORATION DRILLING PROGRAM AT MEDIA LUNA WEST
(FIGURE 1)
A total of seven holes (excluding three mother
holes) and 9,722 m were drilled as part of the 2023 exploration
drilling program at Media Luna West. The purpose of the program was
to provide continuity to historical drilling carried out at Media
Luna West based on the structural architecture and orebody
knowledge acquired from the comprehensive drilling at the nearby
EPO deposit since 2022.
Assay results from all seven drill holes have
been received. Two of the drill holes (ML23-965 and ML23-970A)
intersected mineralization peripheral to the main feeder of the
system where high-grade gold and copper mineralization was
encountered (ML23-986A).
The current distribution of the multiple
intercepts confirms a north-south extension of more than 600 m with
a width similar to the EPO deposit, which suggests Media Luna West
could have a similar mineralized potential to that of EPO. The
exploration potential of this structural corridor is open to the
north and is likely favored by intersecting with the swarm of
east-west dykes that define the best mineralization trap within
both the nearby Media Luna and EPO deposits.
Table 1: Highlights from the 2023
exploration drilling program at Media Luna West
|
Drill Hole |
From(m) |
To(m) |
Core Length1(m) |
Au(gpt) |
Ag(gpt) |
Cu(%) |
AuEq2(gpt) |
|
ML23-965 |
686.15 |
693.00 |
6.85 |
1.63 |
12.7 |
0.48 |
2.55 |
|
|
727.35 |
730.31 |
2.96 |
4.42 |
0.9 |
0.04 |
4.50 |
|
ML23-970A |
559.00 |
564.00 |
5.00 |
2.81 |
26.8 |
0.31 |
3.62 |
|
ML23-986A |
784.53 |
798.63 |
14.10 |
27.50 |
27.9 |
1.20 |
29.76 |
| Notes to Table: |
| 1) |
|
Intercepts are reported as core
length (not true width/thickness). Core lengths reflect drilling
core recovery. |
| 2) |
|
The gold equivalent grade
calculation used is as follows: AuEq (gpt) = Au (gpt) + Ag (gpt) *
0.0114 + Cu (%) * 1.6212 and use the same metal prices ($1,550/oz
Au, $20/oz Ag, and $3.50/lb Cu) and metallurgical recoveries (85%
Au, 75% Ag, and 89% Cu) used in the Mineral Resource estimate for
EPO. |
The following table summarizes the most notable
historical holes in Media Luna West which were reported within
several press releases published in 2012 and 2013.
Table 2: Historical results from
exploration drilling carried out at Media Luna West in 2012 and
2013
|
Drill Hole |
From(m) |
To(m) |
Core Length1(m) |
Au(gpt) |
Ag(gpt) |
Cu(%) |
AuEq2(gpt) |
|
MLW-02 |
676.26 |
713.56 |
37.30 |
4.08 |
2.1 |
0.00 |
4.11 |
|
|
752.09 |
761.14 |
9.05 |
10.31 |
2.2 |
0.04 |
10.41 |
|
MLW-03A |
808.62 |
812.69 |
4.07 |
7.74 |
6.7 |
0.27 |
8.26 |
|
MLW-04 |
721.68 |
742.00 |
20.32 |
4.61 |
32.4 |
1.40 |
7.26 |
|
MLW-05 |
834.43 |
836.70 |
2.27 |
58.47 |
9.5 |
0.19 |
58.89 |
|
MLW-09 |
340.09 |
343.09 |
3.00 |
0.01 |
362.0 |
0.04 |
4.20 |
|
MLW-18 |
724.59 |
728.29 |
3.70 |
6.95 |
2.6 |
0.05 |
7.06 |
|
MLW-22 |
568.76 |
573.14 |
4.38 |
1.20 |
104.9 |
4.87 |
10.29 |
|
SS-06 |
676.66 |
691.30 |
14.64 |
7.88 |
11.0 |
0.48 |
8.77 |
| Notes to Table: |
| 1) |
|
Intercepts are reported as core
length (not true width/thickness). Core lengths reflect drilling
core recovery. |
| 2) |
|
The gold equivalent grade
calculation used is as follows: AuEq (gpt) = Au (gpt) + Ag (gpt) *
0.0114 + Cu (%) * 1.6212 and use the same metal prices ($1,550/oz
Au, $20/oz Ag, and $3.50/lb Cu) and metallurgical recoveries (85%
Au, 75% Ag, and 89% Cu) used in the Mineral Resource estimate for
EPO. |
Drill hole intercepts are core lengths and not
true widths. AuEq grades use the same metal prices
($1,550/oz Au, $20/oz Ag, and $3.50/lb Cu) and metallurgical
recoveries (85% Au, 75% Ag, and 89% Cu) used in the year-end 2022
Mineral Resource estimate for the EPO deposit (AuEq (gpt) = Au
(gpt) + Ag (gpt) * 0.0114 + Cu (%) * 1.6212).
MEDIA LUNA WEST GEOLOGY
The Media Luna West target is part of the Media
Luna Cluster, hosted within the Mesozoic carbonate-rich Morelos
Platform, overlayed by Cuautla and Mezcala formation, and which has
been intruded by Paleocene stocks, sills, and dykes of
granodioritic to tonalitic composition.
The north-south trending Cuajiote thick skin
fault controls the architecture of the potential deposit with other
sub-parallel second order faults generating the favorable traps for
the different events of fluids at multiple stages of
deformation.
Skarn-hosted copper and finally gold-silver
mineralization is developed in the ground preparation related to
intense extension fracture in the footwall of the faults related to
the emplacement of the almost North-South dykes. Also, the
mineralization was favored by the contact of Morelos limestone and
Media Luna granodiorite during the normal faulting, as well as
within altered dykes and sills of the skarn envelope associated
with minor deformation stages.
The main portion of this mineralized package is
dipping approximately 70° to the west in the hanging block of main
dykes and approximately 30° at the footwall associated with the
flat fracturing previously developed by the reverse faulting.
The skarn is characterized by a mineral
assemblage of pyroxene, garnet, and magnetite. Metal deposition and
sulfidation occurred during retrograde alteration and is associated
with a mineral assemblage comprising amphibole, phlogopite,
chlorite, and calcite ± quartz ± epidote as well as variable
amounts of magnetite and sulfides, primarily pyrrhotite. The style
of mineralization at Media Luna West is characterized by gold with
locally high silver and copper grades. Given that gold precipitates
due to the buffer exerted by the early stage of calc-silicate
alteration and sulfide mineralization, it is free and generally
dissociated from the previous copper event mainly related to
chalcopyrite.
QUALITY ASSURANCE / QUALITY CONTROL
At the Company’s Morelos Property (see
description below), all the Media Luna Project drill core is logged
and sampled at the core facility within the project camp under the
supervision of Jennifer Betancourt, Chief Exploration Geologist for
the Media Luna Project. A geologist marks the individual samples
for analysis and sample intervals, sample numbers, standards and
blanks are entered into the database. The core is cut in half
lengthwise using an electric core saw equipped with a diamond
tipped blade. One half of the core is placed into a plastic sample
bag and sealed with zip ties in preparation for shipment. The other
half of the core is returned to the core box and retained for
future reference in the Company core shack with the assay pulps and
coarse rejects. The core samples are picked up at the project camp
and delivered to Bureau Veritas (“BV”) to conduct all the
analytical work.
Sample preparation is carried out by BV at its
facilities in Durango, Mexico and consists of crushing a 1 kg
sample to >70% passing 2 mm followed by pulverisation of 500 g
to >85% passing 75 μm. Gold is analyzed at the BV facilities in
Hermosillo, Mexico following internal analytical protocols (FA430)
and comprises a 30g fire assay with an atomic absorption finish.
Samples yielding results >10 g/t Au are re-assayed by fire assay
with gravimetric finish (FA530-Au). Copper and silver analyses are
completed at the BV facilities in Vancouver, Canada as part of a
multi-element geochemical analysis by an aqua regia digestion with
detection by ICP-ES/MS using BV internal analytical protocol AQ270.
Overlimits for the multi-element package are analyzed by internal
protocol AQ374.
Torex has a sampling and analytical Quality
Assurance/Quality Control (“QA/QC”) program in place that has been
approved by BV and is overseen by Jennifer Betancourt, Chief
Exploration Geologist for the Media Luna Project. The program
includes 5% each of Certified Reference Materials and Blanks; blind
duplicates are not included, but Torex evaluates the results of
internal BV laboratory duplicates. Torex uses an independent
laboratory to check selected assay samples and reference materials
and has retained a consultant to audit the QA/QC data for every
drill campaign at Media Luna. The QA/QC procedure is described in
more detail in the Technical Report filed on SEDAR.
QUALIFIED PERSONS
Scientific and technical data contained in this
news release has been reviewed and approved by Carolina Milla,
P.Eng. Ms. Milla is a member of the Association of Professional
Engineers and Geoscientists of Alberta (Member ID #168350), has
experience relevant to the style of mineralization under
consideration, is a qualified person under NI 43-101, and is an
employee of Torex. Ms. Milla has verified the data disclosed,
including sampling, analytical, and test data underlying the drill
results; verification included visually reviewing the drill holes
in three dimensions, comparing the assay results to the original
assay certificates, reviewing the drilling database, and reviewing
core photography consistent with standard practice. Ms. Milla
consents to the inclusion in this release of said data in the form
and context in which they appear.
ABOUT TOREX GOLD RESOURCES INC.
Torex is an intermediate gold producer based in
Canada, engaged in the exploration, development, and operation of
its 100% owned Morelos Property, an area of 29,000 hectares in the
highly prospective Guerrero Gold Belt located 180 kilometres
southwest of Mexico City. The Company’s principal asset is the
Morelos Complex, which includes the El Limón Guajes (“ELG”) Mine
Complex, the Media Luna Project, a processing plant, and related
infrastructure. Commercial production from the Morelos Complex
commenced on April 1, 2016 and an updated Technical Report for the
Morelos Complex was released in March 2022. Torex’s key strategic
objectives are to optimize and extend production from the ELG Mine
Complex, de-risk and advance Media Luna to commercial production,
build on ESG excellence, and to grow through ongoing exploration
across the entire Morelos Property.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
| TOREX GOLD RESOURCES INC. |
|
| Jody
Kuzenko |
Dan Rollins |
| President and CEO |
Senior Vice President, Corporate
Development & Investor Relations |
| Direct: (647) 725-9982 |
Direct: (647) 260-1503 |
| jody.kuzenko@torexgold.com |
dan.rollins@torexgold.com |
CAUTIONARY NOTES ON FORWARD LOOKING
STATEMENTS
This press release contains "forward-looking
statements" and "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking
information also includes, but is not limited to, statements about:
the Company's strategy is to further prove up the potential of the
Media Luna Cluster and unlock additional near-mine opportunities in
order to enhance the future production profile of the Morelos
Complex and extend the reserve life beyond 2033; highly encouraged
by the results of our 2023 exploration drilling program at Media
Luna West, which continue to enhance our confidence in the
mineralized potential of the ever-expanding Media Luna Cluster;
while exploration at Media Luna West is still at an early-stage
relative to the nearby Media Luna and EPO deposits, the latest
results, when combined with historical results and a new structural
model, highlight the potential for Media Luna West to become a
future source of feed for the Morelos Complex; the current
distribution of the multiple intercepts confirms a north-south
extension of more than 600 m with a width similar to the EPO
deposit, which suggests Media Luna West could have a similar
mineralized potential to that of EPO; the exploration potential of
this structural corridor is open to the north and is likely favored
by intersecting with the swarm of east-west dykes that define the
best mineralization trap within both the nearby Media Luna and EPO
deposits; and the Company’s key strategic objectives to extend and
optimize production from the ELG Mining Complex, de-risk and
advance Media Luna to commercial production, build on ESG
excellence, and to grow through ongoing exploration across the
entire Morelos Property. Generally, forward-looking information can
be identified by the use of forward-looking terminology such as
“objective”, “strategy”, “target”, “continue”, “potential”,
“focus”, “demonstrate”, “aim” or variations of such words and
phrases or statements that certain actions, events or results
“will”, “would”, or “is expected to" occur. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including, without limitation, risks
and uncertainties associated with: the ability to upgrade mineral
resources categories of mineral resources with greater confidence
levels or to mineral reserves; risks associated with mineral
reserve and mineral resource estimation; uncertainty involving
skarn deposits; and those risk factors identified in the Technical
Report and the Company’s annual information form and management’s
discussion and analysis or other unknown but potentially
significant impacts. Forward-looking information is based on the
assumptions discussed in the Technical Report and such other
reasonable assumptions, estimates, analysis and opinions of
management made in light of its experience and perception of
trends, current conditions and expected developments, and other
factors that management believes are relevant and reasonable in the
circumstances at the date such statements are made. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
the forward-looking information, there may be other factors that
cause results not to be as anticipated. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, whether as a
result of new information or future events or otherwise, except as
may be required by applicable securities laws.
Figure 1: Plan view of the Media Luna
Cluster including key results from the 2023 exploration drilling
program at Media Luna West and notable results from historical
drilling at Media Luna West
Table 3: Results from the 2023 exploration drilling
program at Media Luna West
|
|
|
|
|
|
|
|
|
Final |
|
|
|
Intercept |
|
|
|
|
|
Drill Hole |
UTM-E |
UTM-N |
Elevation |
Hole |
Mother |
Azimuth |
Dip |
Depth |
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
Type |
Hole |
(°) |
(°) |
(m) |
(m) |
(m) |
(m) |
(gpt) |
(gpt) |
(%) |
(gpt) |
|
|
ML23-953 |
421001.42 |
1984593.62 |
987.24 |
CD |
|
32.1 |
-56.9 |
637.10 |
477.02 |
477.76 |
0.74 |
4.35 |
8.4 |
0.02 |
4.47 |
Skarn composite 1 |
|
|
|
|
|
CD |
|
|
|
|
560.68 |
561.51 |
0.83 |
0.19 |
45.7 |
0.02 |
2.94 |
Skarn composite 2 |
|
|
|
|
|
CD |
|
|
|
|
563.97 |
565.00 |
1.03 |
0.07 |
82.1 |
1.80 |
3.92 |
Skarn composite 3 |
|
ML23-965 |
420994.49 |
1984591.06 |
987.49 |
CD |
|
356.7 |
-56.9 |
822.70 |
686.15 |
693.00 |
6.85 |
1.63 |
12.7 |
0.48 |
2.55 |
Dyke |
|
|
|
|
|
CD |
|
|
|
|
712.06 |
715.95 |
3.89 |
2.04 |
0.8 |
0.02 |
2.09 |
Skarn composite 1 |
|
|
|
|
|
CD |
|
|
|
|
727.35 |
730.31 |
2.96 |
4.42 |
0.9 |
0.04 |
4.50 |
Skarn composite 2 |
|
|
|
|
|
CD |
|
|
|
|
747.47 |
748.00 |
0.53 |
9.40 |
4.0 |
0.00 |
9.45 |
Skarn composite 3 |
|
ML23-970 |
421495.19 |
1984836.82 |
1155.20 |
CD |
|
313.6 |
-65.9 |
407.70 |
|
|
|
|
|
|
|
Mother hole |
|
ML23-970A |
421495.19 |
1984836.82 |
1155.20 |
CD |
ML23-970 |
|
|
609.75 |
559.00 |
564.00 |
5.00 |
2.81 |
26.8 |
0.31 |
3.62 |
Skarn composite 1 |
|
ML23-974 |
421494.55 |
1984836.40 |
1155.11 |
CD |
|
305.3 |
-63.0 |
646.30 |
|
|
|
|
|
|
|
No significant values |
|
ML23-979 |
421113.24 |
1985079.67 |
1190.69 |
CD |
|
317.1 |
-89.0 |
470.35 |
|
|
|
|
|
|
|
Mother hole |
|
ML23-979A |
421113.24 |
1985079.67 |
1190.69 |
CD |
ML23-979 |
|
|
554.50 |
|
|
|
|
|
|
|
No significant values/ Finished |
|
ML23-979B |
421113.24 |
1985079.67 |
1190.69 |
CD |
ML23-979 |
|
|
796.55 |
|
|
|
|
|
|
|
No significant values |
|
ML23-986 |
421112.83 |
1985080.14 |
1190.67 |
CD |
|
320.6 |
-88.4 |
165.50 |
|
|
|
|
|
|
|
Mother hole |
|
ML23-986A |
421112.83 |
1985080.14 |
1190.67 |
CD |
ML23-986 |
|
|
869.65 |
784.53 |
798.63 |
14.10 |
27.50 |
27.9 |
1.20 |
29.76 |
Skarn composite 1 |
| Notes to Table |
| 1) |
|
Intercepts are core lengths and do not represent true thickness of
mineralized zones. |
| 2) |
|
Core
lengths subject to rounding. |
| 3) |
|
Torex is
not aware of any drilling, sampling, recovery, or other factors
that could materially affect the accuracy or reliability of the
data. |
| 4) |
|
Gold
equivalent (“AuEq”) grades use the same metal prices ($1,550/oz
gold (“Au”), $20/oz silver (“Ag”) and $3.50/lb copper (“Cu”)) and
metallurgical recoveries (85% Au, 75% Ag and 89% Cu) used in the
Mineral Resource estimate for the EPO deposit (AuEq (gpt) = Au
(g/t) + Ag (gpt) * 0.0114 + Cu (%) * 1.6212). |
Table 4: Results from historical drilling at Media Luna
West carried out in 2012 and 2013
|
|
|
|
|
|
|
|
|
Final |
|
|
|
Intercept |
|
|
|
|
|
Drill Hole |
UTM-E |
UTM-N |
Elevation |
Hole |
Mother |
Azimuth |
Dip |
Depth |
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
Type |
Hole |
(°) |
(°) |
(m) |
(m) |
(m) |
(m) |
(gpt) |
(gpt) |
(%) |
(gpt) |
|
|
MLW-01 |
421168.22 |
1985017.68 |
1183.46 |
CD |
|
130.0 |
-75.0 |
857.60 |
|
|
|
|
|
|
|
No significant values |
|
MLW-02 |
421168.81 |
1985018.20 |
1183.44 |
CD |
|
220.0 |
-75.0 |
838.15 |
676.26 |
713.56 |
37.30 |
4.08 |
2.1 |
0.00 |
4.11 |
Skarn composite 1 |
|
|
|
|
|
CD |
|
|
|
|
721.52 |
732.92 |
11.40 |
2.98 |
0.7 |
0.00 |
2.99 |
Skarn composite 2 |
|
|
|
|
|
CD |
|
|
|
|
752.09 |
761.14 |
9.05 |
10.31 |
2.2 |
0.04 |
10.41 |
Skarn composite 3 |
|
MLW-03 |
421033.42 |
1985188.70 |
1192.67 |
CD |
|
220.0 |
-75.0 |
809.00 |
|
|
|
|
|
|
|
No significant values |
|
MLW-03A |
421033.25 |
1985192.12 |
1192.73 |
CD |
|
220.0 |
-75.0 |
926.65 |
802.09 |
803.20 |
1.11 |
21.79 |
16.7 |
0.24 |
22.37 |
Skarn composite 1 |
|
|
|
|
|
CD |
|
|
|
|
808.62 |
812.69 |
4.07 |
7.74 |
6.7 |
0.27 |
8.26 |
Skarn composite 2 |
|
|
|
|
|
CD |
|
|
|
|
869.00 |
870.21 |
1.21 |
0.92 |
92.7 |
2.73 |
6.40 |
Skarn composite 3 |
|
MLW-04 |
421035.07 |
1985190.41 |
1192.74 |
CD |
|
120.0 |
-70.0 |
841.20 |
498.00 |
501.00 |
3.00 |
0.01 |
245.0 |
0.03 |
2.84 |
Limestone |
|
|
|
|
|
CD |
|
|
|
|
721.68 |
742.00 |
20.32 |
4.61 |
32.4 |
1.40 |
7.26 |
Skarn composite 1 |
|
MLW-05 |
421034.46 |
1985191.99 |
1192.74 |
CD |
|
0.0 |
-90.0 |
930.20 |
834.43 |
836.70 |
2.27 |
58.47 |
9.5 |
0.19 |
58.89 |
Skarn composite 1 |
|
|
|
|
|
CD |
|
|
|
|
853.31 |
854.61 |
1.30 |
0.18 |
45.0 |
1.71 |
3.47 |
Skarn composite 2 |
|
MLW-06 |
421367.04 |
1985127.02 |
1188.13 |
CD |
|
40.0 |
-76.0 |
543.00 |
|
|
|
|
|
|
|
No significant values |
|
MLW-09 |
421246.98 |
1985352.88 |
1340.43 |
CD |
|
0.0 |
-90.0 |
899.40 |
340.09 |
343.09 |
3.00 |
0.01 |
362.0 |
0.04 |
4.20 |
Limestone |
|
MLW-11 |
421421.10 |
1984992.84 |
1186.07 |
CD |
|
220.0 |
-70.0 |
691.50 |
27.82 |
28.93 |
1.11 |
0.08 |
893.0 |
0.19 |
10.55 |
Limestone |
|
MLW-14 |
421422.02 |
1984997.76 |
1186.16 |
CD |
|
0.0 |
-90.0 |
614.00 |
|
|
|
|
|
|
|
No significant values |
|
MLW-17 |
420870.81 |
1984641.45 |
985.56 |
CD |
|
0.0 |
-90.0 |
860.00 |
|
|
|
|
|
|
|
No significant values |
|
MLW-18 |
421017.13 |
1984523.61 |
1017.60 |
CD |
|
0.0 |
-90.0 |
797.70 |
724.59 |
728.29 |
3.70 |
6.95 |
2.6 |
0.05 |
7.06 |
Skarn composite 1 |
|
|
|
|
|
CD |
|
|
|
|
746.97 |
751.85 |
4.88 |
0.09 |
48.1 |
1.32 |
2.77 |
Limestone |
|
|
|
|
|
CD |
|
|
|
|
754.68 |
756.38 |
1.70 |
0.12 |
109.2 |
2.82 |
5.94 |
Limestone |
|
MLW-20 |
421257.37 |
1984335.97 |
948.83 |
CD |
|
0.0 |
-90.0 |
734.70 |
|
|
|
|
|
|
|
No significant values |
|
MLW-22 |
421336.95 |
1984637.96 |
1090.53 |
CD |
|
0.0 |
-90.0 |
611.40 |
568.76 |
573.14 |
4.38 |
1.20 |
104.9 |
4.87 |
10.29 |
Skarn composite 1 |
|
SS-06 |
421167.92 |
1985017.02 |
1183.31 |
CD |
|
0.0 |
-90.0 |
837.30 |
676.66 |
691.30 |
14.64 |
7.88 |
11.0 |
0.48 |
8.77 |
Skarn composite 2 |
| Notes to Table |
| 1) |
|
Intercepts are core
lengths and do not represent true thickness of mineralized
zones. |
| 2) |
|
Core lengths subject
to rounding. |
| 3) |
|
Torex is not aware of
any drilling, sampling, recovery, or other factors that could
materially affect the accuracy or reliability of the data. |
| 4) |
|
Gold equivalent
(“AuEq”) grades use the same metal prices ($1,550/oz gold (“Au”),
$20/oz silver (“Ag”) and $3.50/lb copper (“Cu”)) and metallurgical
recoveries (85% Au, 75% Ag and 89% Cu) used in the Mineral Resource
estimate for the EPO deposit (AuEq (gpt) = Au (g/t) + Ag (gpt) *
0.0114 + Cu (%) * 1.6212). |
| 5) |
|
Drill results
(excluding those with no significant values) were previously
published by Torex Gold in news released filed by the Company on
SEDAR (www.sedar.com). The following outlines the press release and
date of the original press releases for the corresponding
holes: |
| |
|
a) |
|
October 19, 2012 – Torex makes
another ‘South of the River’ discovery – includes drill holes
MLW-04 and SS-06 |
| |
|
b) |
|
December 14, 2012 – Torex drills
highest grade gold mineralization to date at Media Luna – includes
drill holes MLW-02 and MLW-09 |
| |
|
c) |
|
February 20, 2013 – Torex
continues to intersect high grade gold over significant thickness
at Media Luna and Media Luna West – includes drill hole MLW-05 |
| |
|
d) |
|
September 23, 2013 – Torex
continues to extend strike length at Media Luna and Media Luna West
– includes drill holes MLW-03A, MLW-11, MLW-18 and MLW-22 |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/eff155e3-d255-44f9-b24c-84cfa8463447
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