Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG)
announces drill results from the ongoing 2020 exploration program
at the Company’s El Limón-Guajes (ELG) underground mine, which
includes the Sub-Sill deposit and the El Limón Deep (ELD) deposit.
Infill drilling at Sub-Sill returned positive results, with
drilling intersecting similar grades and widths as within previous
drill holes. Step-out drilling successfully extended known
mineralization at Sub-Sill below the previous deepest hole, while
continuing to extend the strike length of ELD. Skarn mineralization
at both Sub-Sill and ELD remains open at depth.
Highlights from the latest round of drill results
include 30.7 grams of
gold per tonne
(“g/t Au”)
over 9.1 metres
(“m”) in SST-162; 13.1
g/t Au over 28.5 m in SST-180;
23.9 g/t Au over
12.2 m and 14.9 g/t Au
over 18.9 m
in SST-169; 17.0 g/t Au over
15.4 m in SST-177;
21.6 g/t Au over 11.8
m in SST-189; and 16.0 g/t over
Au 13.2 m in LDUG-071.
Jody Kuzenko, President & CEO of Torex Gold,
stated:
“We are pleased with the updated results from the
2020 underground exploration program at ELG, which reinforces
confidence in our ability to extend the life of both Sub-Sill and
ELD beyond current reserves. Drill results from Sub-Sill continue
to impress, with step-out drilling extending known mineralization
at depth a further 70 m, to a total of 300 m below current
reserves. Infill drilling around previously drilled holes returned
intersections with similar grades and widths.
“Our near-term mine planning focus at ELG is
centered around maintaining a consistent production profile year
over year, including during the transition period between ELG and
Media Luna. These results are yet another step in demonstrating
this potential as we target ongoing production of at least 20,000
ounces of gold per quarter from the ELG underground.”
Table 1: Key intersections from the 2020
exploration program at Sub-Sill and ELD (not reported to true
thickness) |
Drill Hole |
Intersection |
From |
To |
Core Length |
Gold |
Silver |
Copper |
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
Drill Results – Sub-Sill Deposit |
SST-162 |
270 |
279.1 |
9.1 |
30.7 |
2.9 |
0.07 |
SST-169 |
277 |
289.2 |
12.2 |
23.88 |
3.4 |
0.1 |
SST-169 |
299.4 |
318.3 |
18.9 |
14.85 |
29.9 |
1.73 |
SST-175 |
318.9 |
338.5 |
19.6 |
6.34 |
7.3 |
0.4 |
SST-177 |
500 |
515.4 |
15.4 |
17.03 |
12.7 |
0.49 |
SST-180 |
191 |
219.5 |
28.5 |
13.11 |
3.3 |
0.11 |
SST-189 |
399.8 |
411.5 |
11.8 |
21.6 |
29 |
1.29 |
Drill Results – ELD Deposit |
LDUG-061 |
90.6 |
97.5 |
6.9 |
20.37 |
12.2 |
0.15 |
LDUG-071 |
134 |
147.2 |
13.2 |
15.98 |
28.3 |
0.79 |
LDUG-075 |
83.2 |
93 |
9.8 |
10.9 |
6.5 |
0.1 |
LDUG-091 |
28 |
43.5 |
15.5 |
9.55 |
2.1 |
0.07 |
LDUG-099 |
127 |
137 |
10 |
9.2 |
8 |
0.19 |
Notes to Table 1
- Intersections do not represent true
thickness of mineralized zones
- Core lengths subject to rounding.
- Interval lengths for holes dipping
between -45 to -90º have been selected to represent a minimum
mining height of 3.5 m.
- Interval lengths for holes dipping
between 0 and -45º have been selected to represent a minimum
horizontal length of 3.5 m.
- Torex is not aware of any drilling,
sampling, recovery, or other factors that could materially affect
the accuracy or reliability of the data.
Overview of 2020 ELG Exploration
ProgramExploration will remain a key focus over the next
few years as Torex looks to extend the current production profile
of ELG through 2023 into 2024, and potentially beyond. Resource
development and delineation drilling at Sub-Sill and ELD will be
critical in achieving this objective, as it will allow Torex to
develop mine plans for the deeper portions of both deposits, and
begin developing these ore bodies in order to ensure consistent
production of at least 20,000 ounces of gold per quarter from the
ELG underground, in line with the +80,000 ounces produced from the
underground in 2019. As an important part of this objective, and
supported by positive indications of down-dip continuity of the
skarn mineralization, the Company plans to invest additional funds
into brownfields and near-mine exploration in 2021 and 2022.
Testing of depth extensions to both Sub-Sill and
ELD is expected to pick up in late 2021 with the completion of
Portal (#3) and related development. While the key benefit of
Portal (#3) is expected to be up to a 50% reduction in underground
haul distances, Portal (#3) will also allow for more effective
targeting of deeper portions of both systems (Figure 1).
Torex continues to advance the primary objectives
of the 2020 ELG exploration program, which are to:
1) Upgrade and
expand resources within
Sub-Sill; 2) Upgrade
resources and test strike extensions of
ELD; 3) Further
delineate resources below the El Limón open pit in order to
evaluate the potential of an additional
pushback; 4) Test
targets for new mineralized zones below the El Limón and Guajes
open pits;
and 5) Achieve
67,000 m of drilling.Intersections reported in this press release
are not reported as true thickness. Interval lengths for holes
dipping between -45º and -90º have been selected to
represent a minimum mining height of 3.5 m. Interval lengths for
holes dipping between 0º and -45º have been selected to represent a
minimum horizontal length of 3.5 m.
Currently, reported intersections from Sub-Sill and
ELD demonstrate the continuity of potentially economic gold
mineralization for at least 350 m along strike at ELD and 350 m
down-dip below current development levels at Sub-Sill; apparent
widths vary from 3.5 m to 46 m.
For a comprehensive summary of the latest results
from the 2020 drill program, please refer to Table 2 of this press
release for Sub-Sill results and Table 3 for ELD results.
Summary of Drill Results – Sub-Sill
Deposit (Figures 2 and 3)The 2020
exploration program at Sub-Sill has been focused on step-out
drilling and resource infill drilling. Through Q3 2020,
22 holes and more than 10,100 m have been drilled, with
the results confirming the continuity of high-grade mineralization
of the deposit below current reserves.
Key highlights from the infill program include
13.1 g/t Au over 28.5
m (including 28.6 g/t over 6.2 m) in SST-180;
23.9 g/t
Au over 12.2 m and 14.9
g/t Au over 18.9 m in
SST-169; 30.7 g/t Au over
9.1 m (including 66.5 g/t over 3.5 m) in SST-162; and
6.3 g/t Au over
19.6 m (including 13.9
g/t over 3.6 m) in SST-175.
Step-out drilling was successful in extending
mineralization 70 m below the previous deepest hole at Sub-Sill,
with mineralization now extending over more than 300 m below the
lower elevation of mineral reserves at year-end 2019. Two deeper
holes drilled returned favourable results of 21.6
g/t Au over 11.8 m
(including 38.1 g/t over 3.6 m) in SST-189 and 9.6
g/t Au over 11.0 m in
SST-162.
Ongoing exploration is currently focused on infill
drilling along the southern portion of Sub-Sill and testing
potential lateral extensions of the deposit to the north and
south.
Step-out drilling targeting deeper extensions of
Sub-Sill is expected to commence in late-2021 once development of
the new Portal (#3) has been completed. In addition to reducing
underground haul distances by up to 50%, Portal (#3) is expected to
provide better drilling access to target down-dip extensions of
both Sub-Sill and ELD at depth, as well as allow for more efficient
resource infill drilling.
Summary of Drill Results –
ELD Deposit (Figures 4
and 5)The 2020 exploration program at ELD has been focused
on resource infill drilling and step-out drilling along the
northern and southern extents of the deposit. Key results from the
most recent 45 drill holes (8,100 m) include
16.0 g/t
Au over 13.2 m (including 25.4
g/t over 6.2 m) in LDUG-071, 20.4 g/t
Au over 6.9 m in LDUG-061, and
10.9 g/t Au over
9.8 m in
LDUG-075.
Step-out drilling was successful in extending
mineralization 150 m to the north from current mineral reserves and
down to the 785 m elevation level, with favorable results including
9.1 g/t
Au over 4.2 m in LDUG-081 and
5.0 g/t Au over
9.5 m in LDUG097.
Geology The ELD and Sub-Sill
deposits are distinct portions of the larger El Limón Guajes
mineralized skarn system. The two deposits occur in different
locations relative to a granodiorite sill prevalent in the deposit
area and are approximately 300 m apart.
The El Limón Guajes mining complex, located in the
central part of the Guerrero Gold Belt in Southwest Mexico, is
hosted in the Mesozoic carbonate-rich Morelos Platform, which has
been intruded by Paleocene granodiorite stocks, sills, and dikes.
Skarn-hosted gold mineralization is developed along the contacts of
the intrusive rocks and the enclosing carbonate-rich sedimentary
rocks of the Cuautla and Morelos formations as well as along the
footwall contact of the Mezcala Formation.
ELD represents the down-dip extension of the skarn
that hosts the gold mineralization at El Limón open pit, where the
skarn is developed immediately above a large granodiorite sill
intruded along the contact of the Cuautla and the Mezcala
formations. The mineralized skarn forms a single and continuous
package that strikes approximately 10° to the north-northeast and
dips between 30° and 35° to the northwest. To the northwest, the
strike of the skarn package changes to approximately 155°
(south-southeast) and the dip steepens to approximately 60°. The
change in the geometry of the skarn package is interpreted to be
related to the northeast striking and southeast dipping La Flaca
Fault; parallel structures are locally represented by post mineral
dykes.
Mineralization in the Sub-Sill area formed along
contacts between marbles of the Morelos formation and granodiorite
sills, which are interpreted as late stage porphyritic intrusions
that branch off the main body of granodiorite. The best developed
skarn zones at the Sub-Sill area strike northeast and dip between
35° and 45° to the northwest. Deep drilling has identified a
steeply dipping extension of the Sub-Sill skarn zone with high
grade mineralization. This zone is currently interpreted as the
structurally controlled feeder of the mineralization that developed
along the lithological contacts between the hornfels, the marbles,
and the sills. The skarn zone hosts multiple horizons with
high-grade gold mineralization that vary in strike length from
approximately 50 m up to 200 m, with apparent widths varying
from 2 m to 36 m. The trend of the overall skarn body in the
Sub-Sill area is north-south to northeast-southwest.
The style of mineralization at both deposits is
characterized by gold, which is strongly associated with bismuth
and variable amounts of silver and copper. Gold occurs in variably
sulfidized, pyrrhotite-rich skarn, while silver and copper
mineralization is controlled primarily by the degree of sulfidation
of the host skarn. Mineralization is associated with retrograde
alteration characterized by the occurrence of phlogopite,
amphibole, chlorite, calcite and lesser amounts of quartz and
epidote, and local magnetite.
QA/QC and Qualified
PersonTorex maintains an industry-standard analytical
quality assurance and quality control (QA/QC) and data verification
program to monitor laboratory performance and ensure high quality
assays. Results from this program confirm reliability of the assay
results. All sampling and analytical work for the mine exploration
program is performed by SGS de Mexico S.A. de C.V. (“SGS”) in
Durango, and by SGS in Nuevo Balsas, Mexico. Gold analyses comprise
fire assays with atomic absorption or gravimetric finish. External
check assays for QA/QC purposes are performed at ALS Chemex de
Mexico S.A. de C.V.
The analytical QA/QC program is currently overseen
by Carlo Nasi, Chief Mine Geologist for Minera Media Luna, S.A. de
C.V.
The scientific and technical data contained in this
news release pertaining to the ELG Underground exploration program
have been reviewed and approved by Lars Weiershäuser, PhD, PGeo.
Dr. Weiershäuser is a “Qualified Person” as defined by NI 43-101,
and he is a member of the Association of Professional Geoscientists
of Ontario (APGO#1504), has experience relevant to the style of
mineralization under consideration, and is an employee of Torex.
Dr. Weiershäuser has verified the data disclosed, including
sampling, analytical, and test data underlying the drill results,
and he consents to the inclusion in this release of said data in
the form and context in which they appear.
Additional information on the Sub-Sill and ELD
deposits, sampling and analyses, analytical labs, and methods used
for data verification is available in the Company’s most recent
annual information form and the technical report (the “Technical
Report”) entitled “Morelos Property, NI 43-101 Technical Report,
ELG Mine Complex, Life of Mine Plan and Media Luna Preliminary
Economic Assessment, Guerrero State, Mexico ” with an effective
date of March 31, 2018 (filing date September 4, 2018) filed on
SEDAR at www.sedar.com and the Company’s website at
www.torexgold.com.
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 Gold 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 assets are the El
Limón Guajes mining complex (“ELG” or the “ELG Mine Complex”),
comprising the El Limón, Guajes and El Limón Sur open pits, the El
Limón Guajes underground mine including zones referred to as
Sub-Sill and ELD, and the processing plant and related
infrastructure, which is in the commercial production stage as of
April 1, 2016, and the Media Luna deposit, which is an early stage
development project, and for which the Company issued an updated
preliminary economic assessment in September 2018 (the “Technical
Report”). The property remains 75% unexplored.
For further information, please contact:
TOREX GOLD RESOURCES INC. |
Jody KuzenkoPresident and CEODirect: (647) 725-9982Email:
jody.kuzenko@torexgold.com |
Dan RollinsVice President, Corporate Development & Investor
RelationsDirect: (647) 260-1503Email:
dan.rollins@torexgold.com |
CAUTIONARY NOTES
Forward Looking StatementsThis
press release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable
Canadian securities legislation. Forward-looking information
includes, but is not limited to: skarn mineralization at both
Sub-Sill and ELD remains open at depth; the updated results from
the 2020 underground exploration program at ELG, reinforces
confidence in our ability to extend the life of both Sub-Sill and
ELD beyond current reserves; our near-term mine planning focus at
ELG is centered around maintaining a consistent production profile
year over year, including during the transition period between ELG
and Media Luna; these results are yet another step in demonstrating
this potential, as we target ongoing production of at least 20,000
ounces of gold per quarter from the ELG underground; exploration
will remain a key focus over the next few years as Torex looks to
extend the current production profile of ELG through 2023 into
2024, and potentially beyond; resource development and delineation
drilling at Sub-Sill and ELD will be critical in achieving this
objective to extend the production of ELG, as it will allow Torex
to develop mine plans for the deeper portions of both deposits and
begin developing these ore bodies in order to ensure consistent
production of at least 20,000 ounces of gold per quarter from the
ELG underground, in line with the +80,000 ounces produced from the
underground in 2019; as an important part of this objective to
extend the production of ELG, and supported by positive indications
of down-dip continuity of the skarn mineralization, the Company
plans to invest additional funds into brownfields and near-mine
exploration in 2021 and 2022; in addition to reducing underground
haul distances by up to 50%, Portal (#3) is expected to provide
better drilling access to target down-dip extensions of both
Sub-Sill and ELD at depth, as well as allow for more efficient
resource infill drilling; testing of depth extensions to both
Sub-Sill and ELD is expected to pick up in late 2021 with the
completion of Portal (#3) and related development; while the key
benefit of Portal (#3) is expected to be the up to 50% reduction in
underground haul distances, Portal (#3) will also allow for
more effective targeting of deeper portions of both systems (Figure
1);Torex continues to advance the primary objectives of the 2020
ELG exploration program, which are to: (i) upgrade and expand
resources within Sub-Sill; (ii) upgrade resources and test strike
extensions of ELD; (iii) further delineate resources below the El
Limón open pit in order to evaluate the potential of an additional
pushback; (iv) test targets for new mineralized zones below the El
Limón and Guajes open pits; and; (v) achieve 67,000 m of drilling;
currently, reported intersections from Sub-Sill and ELD also
demonstrate the continuity of potentially economic gold
mineralization for at least 350 m along strike at ELD and 350 m
down-dip below current development levels at Sub-Sill; and, through
Q3 2020, 22 holes and more than 10,100 m have been
drilled, with the results confirming the continuity of high-grade
mineralization of the deposit below current reserves. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", "believes",
“future”, “remains”, “beyond”, “extend”, “potential”, “target”,
“objective” or variations of such words and phrases or state that
certain actions, events or results “can”, "may", "could", “will”,
"would", "might", "be achieved", “appears”. 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,
uncertainty involving skarns deposits and the analysis and
interpretation of drilling results and those risk factors
identified in the Technical Report and the Company’s annual
information form and management’s discussion and analysis.
Forward-looking information are 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.
Table 2:
Sub-Sill Deposit - 2020 Drill Hole Results |
|
Drill-Hole |
Target Area |
UTM-E (m) |
UTM-N (m) |
Elevation (m) |
Azimuth (°) |
Dip (°) |
Total Length (m) |
Intersection |
Lithology |
|
|
From (m) |
To (m) |
Core Length (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
|
|
SST-161 |
Infill |
422,306.8 |
1,990,082.8 |
986.7 |
65.6 |
-86.1 |
480.0 |
|
413.0 |
417.7 |
4.7 |
3.94 |
59.9 |
3.92 |
Skarn |
|
SST-162 |
Infill |
422,305.1 |
1,990,081.6 |
988.3 |
204.5 |
-88.2 |
507.0 |
|
227.0 |
234.0 |
6.9 |
8.85 |
0.9 |
0.00 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
228.4 |
232.5 |
4.2 |
12.41 |
1.2 |
0.00 |
Skarn |
|
|
|
|
|
|
|
|
|
|
270.0 |
279.1 |
9.1 |
30.70 |
2.9 |
0.07 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
270.0 |
273.5 |
3.5 |
66.49 |
5.4 |
0.11 |
Skarn |
|
|
|
|
|
|
|
|
|
|
428.0 |
439.0 |
11.0 |
9.55 |
3.2 |
0.06 |
Skarn |
|
SST-163 |
Step-Out |
422,324.8 |
1,990,068.1 |
986.9 |
60.7 |
-78.3 |
593.0 |
|
331.1 |
335.0 |
3.9 |
9.21 |
10.9 |
0.50 |
Skarn |
|
|
|
|
|
|
|
|
|
|
344.7 |
348.3 |
3.6 |
7.49 |
22.4 |
0.76 |
Skarn |
|
SST-164 |
Step-Out |
422,324.2 |
1,990,065.4 |
986.8 |
123.9 |
-60.6 |
568.3 |
|
282.3 |
286.3 |
4.0 |
0.05 |
0.6 |
0.01 |
Skarn |
|
SST-165 |
Infill |
422,361.2 |
1,989,983.9 |
1,006.7 |
304.6 |
-86.8 |
270.0 |
|
162.0 |
173.8 |
11.8 |
9.15 |
18.8 |
1.63 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
170.3 |
173.8 |
3.5 |
16.35 |
28.2 |
2.26 |
Skarn |
|
|
|
|
|
|
|
|
|
|
226.5 |
232.0 |
5.5 |
10.93 |
17.3 |
1.00 |
Skarn |
|
|
|
|
|
|
|
|
|
|
252.5 |
257.8 |
5.3 |
4.98 |
1.7 |
0.02 |
Skarn |
|
SST-166 |
Infill |
422,361.6 |
1,989,983.5 |
1,006.5 |
126.5 |
-70.7 |
248.0 |
|
221.0 |
224.7 |
3.8 |
0.81 |
5.3 |
0.20 |
Skarn |
|
SST-167 |
Infill |
422,323.8 |
1,990,065.8 |
986.5 |
121.7 |
-80.7 |
362.1 |
|
289.8 |
304.0 |
14.2 |
7.63 |
12.8 |
0.63 |
Skarn |
|
SST-169 |
Infill |
422,347.4 |
1,989,997.3 |
1,007.2 |
308.5 |
-82.0 |
320.0 |
|
173.1 |
177.1 |
4.0 |
4.74 |
2.4 |
0.20 |
Skarn |
|
|
|
|
|
|
|
|
|
|
190.5 |
204.9 |
14.4 |
5.60 |
2.2 |
0.22 |
Skarn |
|
|
|
|
|
|
|
|
|
|
229.1 |
234.9 |
5.8 |
7.47 |
2.0 |
0.08 |
Skarn |
|
|
|
|
|
|
|
|
|
|
260.0 |
271.3 |
11.3 |
6.37 |
5.5 |
0.25 |
Skarn |
|
|
|
|
|
|
|
|
|
|
277.0 |
289.2 |
12.2 |
23.88 |
3.4 |
0.10 |
Skarn |
|
|
|
|
|
|
|
|
|
|
299.4 |
318.3 |
18.9 |
14.85 |
29.9 |
1.73 |
Skarn |
|
SST-170 |
Infill |
422,323.7 |
1,990,066.0 |
986.6 |
100.1 |
-89.3 |
401.5 |
|
273.5 |
279.0 |
5.5 |
6.43 |
9.6 |
0.28 |
Skarn |
|
SST-171 |
Infill |
422,167.3 |
1,990,095.5 |
955.8 |
133 |
-26.2 |
318.0 |
|
164.0 |
181.9 |
17.9 |
5.93 |
0.8 |
0.00 |
Skarn |
|
SST-172 |
Infill |
422,325.2 |
1,990,064.7 |
986.6 |
128.4 |
-69.0 |
351.0 |
|
201.4 |
206.0 |
4.6 |
0.03 |
7.2 |
0.58 |
Skarn |
|
SST-173 |
Step-Out |
422,167.6 |
1,990,096.4 |
955.2 |
101.3 |
-85.8 |
350.0 |
|
288.8 |
295.0 |
6.2 |
0.91 |
3.8 |
0.05 |
Skarn |
|
SST-175 |
Infill |
422,324.6 |
1,990,067.2 |
986.9 |
88 |
-79.6 |
515.0 |
|
318.9 |
338.5 |
19.6 |
6.34 |
7.3 |
0.40 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
327.9 |
331.5 |
3.6 |
13.92 |
4.7 |
0.13 |
Skarn |
|
SST-177 |
Step-Out |
422,386.9 |
1,990,106.2 |
1,322.9 |
130.6 |
-69.0 |
657.5 |
|
500.0 |
515.4 |
15.4 |
17.03 |
12.7 |
0.49 |
Skarn |
|
SST-178 |
Step-Out |
422,167.9 |
1,990,096.6 |
954.8 |
156.7 |
-78.5 |
320.0 |
|
300.0 |
303.6 |
3.6 |
1.50 |
2.9 |
0.34 |
Skarn |
|
SST-179 |
Step-Out |
422,324.4 |
1,990,066.5 |
986.8 |
36 |
-84.1 |
504.0 |
|
409.0 |
415.2 |
6.2 |
1.36 |
12.7 |
0.36 |
Skarn |
|
SST-180 |
Infill |
422,170.8 |
1,990,094.0 |
954.8 |
97.8 |
-35.1 |
318.0 |
|
167.0 |
173.8 |
6.8 |
6.41 |
0.5 |
0.00 |
Skarn |
|
|
|
|
|
|
|
|
|
|
191.0 |
219.5 |
28.5 |
13.11 |
3.3 |
0.11 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
208.3 |
214.4 |
6.2 |
28.55 |
10.4 |
0.42 |
Skarn |
|
|
|
|
|
|
|
|
|
|
261.0 |
268.1 |
7.1 |
7.02 |
28.1 |
1.32 |
Skarn |
|
|
|
|
|
|
|
|
|
|
270.2 |
276.2 |
6.1 |
6.16 |
3.0 |
0.08 |
Skarn |
|
SST-182 |
Step-Out |
422,386.9 |
1,990,106.2 |
1,322.9 |
120 |
-84.0 |
940.6 |
|
599.9 |
603.7 |
3.8 |
0.02 |
0.5 |
0.00 |
Skarn |
|
SST-184 |
Step-Out |
422,385.7 |
1,990,107.8 |
1,322.6 |
123 |
-75.0 |
831.5 |
No skarn intersected |
|
SST-186 |
Step-Out |
422,324.8 |
1,990,068.0 |
986.9 |
110 |
-45.0 |
306.0 |
No skarn intersected |
|
SST-187 |
Step-Out |
422,324.8 |
1,990,068.0 |
986.9 |
98 |
-60.0 |
465.0 |
|
261.0 |
266.0 |
5.0 |
0.84 |
0.5 |
0.00 |
Skarn |
|
SST-189 |
Step-Out |
422,324.8 |
1,990,068.0 |
986.9 |
76 |
-76.0 |
519.0 |
|
399.8 |
411.5 |
11.8 |
21.60 |
29.0 |
1.29 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
406.8 |
410.4 |
3.6 |
38.08 |
50.4 |
1.62 |
Skarn |
|
Notes to Table 2
- Intersections are not reported as true
thickness.
- Interval lengths for holes dipping
between -45 to -90º have been selected to represent a minimum
mining height of 3.5 m.
- Interval lengths for holes dipping
between 0 and -45º have been selected to represent a minimum
horizontal length of 3.5 m.
- Torex is not aware of any drilling,
sampling, recovery, or other factors that could materially affect
the accuracy or reliability of the data.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Table 3: ELD
Deposit - 2020 Drill Hole Results |
|
Drill-Hole |
Target Area |
UTM-E (m) |
UTM-N (m) |
Elevation (m) |
Azimuth (°) |
Dip (°) |
Total Length (m) |
Intersection |
Lithology |
|
|
From (m) |
To (m) |
Core Length (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
|
|
LDUG-057 |
Step-Out |
422,120.7 |
1,990,212.7 |
1,022.8 |
127 |
-79.0 |
227.3 |
|
139.4 |
145.0 |
5.6 |
5.19 |
1.8 |
0.11 |
Skarn |
|
LDUG-058 |
Step-Out |
422,089.4 |
1,990,339.3 |
1,010.4 |
147.3 |
-50.8 |
228.0 |
|
165.5 |
170.0 |
4.5 |
4.36 |
1.1 |
0.02 |
Veinlets in GDI |
|
LDUG-059 |
Step-Out |
422,089.3 |
1,990,340.5 |
1,012.0 |
149.5 |
-62.0 |
261.0 |
|
151.0 |
159.9 |
8.8 |
6.19 |
3.1 |
0.16 |
Skarn |
|
|
|
|
|
|
|
|
|
|
182.3 |
191.3 |
9.0 |
3.96 |
1.9 |
0.07 |
Skarn |
|
|
|
|
|
|
|
|
|
|
197.4 |
201.9 |
4.6 |
3.97 |
0.5 |
0.00 |
Skarn |
|
LDUG-060 |
Step-Out |
422,088.7 |
1,990,339.5 |
1,009.6 |
178.5 |
-78.9 |
313.5 |
|
173.4 |
177.0 |
3.6 |
5.90 |
4.3 |
0.18 |
Skarn |
|
LDUG-061 |
Infill |
422,129.0 |
1,990,414.4 |
1,011.4 |
63.4 |
-0.3 |
117.0 |
|
90.6 |
97.5 |
6.9 |
20.37 |
12.2 |
0.15 |
Skarn |
|
LDUG-062 |
Step-Out |
422,087.1 |
1,990,340.9 |
1,010.1 |
225.2 |
-82.2 |
345.0 |
|
262.8 |
266.3 |
3.5 |
1.10 |
0.5 |
0.00 |
Skarn |
|
LDUG-063 |
Step-Out |
422,128.3 |
1,990,414.0 |
1,010.4 |
64.9 |
-64.2 |
162.0 |
|
114.6 |
118.5 |
3.9 |
5.80 |
61.5 |
2.13 |
Skarn |
|
LDUG-064 |
Infill |
422,128.5 |
1,990,414.1 |
1,010.5 |
64.9 |
-37.1 |
123.0 |
|
81.0 |
88.3 |
7.3 |
3.31 |
4.7 |
0.11 |
Skarn |
|
LDUG-065 |
Step-Out |
422,128.5 |
1,990,414.1 |
1,010.5 |
65.5 |
-81.3 |
243.5 |
|
144.8 |
148.3 |
3.5 |
0.96 |
9.0 |
0.15 |
Skarn |
|
LDUG-066 |
Step-Out |
422,098.2 |
1,990,353.3 |
1,010.5 |
62.8 |
-40.2 |
279.0 |
|
204.0 |
207.5 |
3.5 |
19.24 |
55.7 |
2.11 |
Skarn |
|
LDUG-067 |
Infill |
422,128.3 |
1,990,414.0 |
1,010.4 |
56.6 |
-48.8 |
180.0 |
|
114.1 |
118.7 |
4.6 |
4.93 |
10.0 |
0.16 |
Skarn |
|
LDUG-068 |
Step-Out |
422,097.6 |
1,990,353.0 |
1,010.5 |
62.3 |
-63.4 |
279.0 |
|
147.8 |
151.7 |
3.9 |
2.16 |
1.1 |
0.03 |
Skarn |
|
LDUG-069 |
Infill |
422,103.5 |
1,990,470.2 |
1,011.0 |
63.5 |
-24.0 |
135.0 |
|
69.3 |
75.0 |
5.7 |
1.57 |
3.3 |
0.23 |
Skarn |
|
LDUG-070 |
Infill |
422,103.5 |
1,990,471.0 |
1,011.0 |
63.3 |
-41.1 |
177.0 |
|
84.7 |
89.0 |
4.3 |
3.84 |
7.3 |
0.37 |
Skarn |
|
LDUG-071 |
Step-Out |
422,099.0 |
1,990,353.7 |
1,010.4 |
59.5 |
-27.1 |
237.0 |
|
118.3 |
122.8 |
4.6 |
3.72 |
0.4 |
0.00 |
Skarn |
|
|
|
|
|
|
|
|
|
|
134.0 |
147.2 |
13.2 |
15.98 |
28.3 |
0.79 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
139.0 |
145.2 |
6.2 |
25.40 |
54.8 |
1.56 |
Skarn |
|
LDUG-072 |
Step-Out |
422,102.9 |
1,990,470.7 |
1,011.1 |
67.3 |
-59.6 |
201.0 |
|
69.1 |
74.0 |
4.9 |
0.60 |
10.1 |
0.32 |
Skarn |
|
LDUG-073 |
Step-Out |
422,102.7 |
1,990,470.6 |
1,011.0 |
64.9 |
-76.7 |
261.0 |
|
173.0 |
176.8 |
3.8 |
0.04 |
9.4 |
0.41 |
Skarn |
|
LDUG-074 |
Infill |
422,114.3 |
1,990,443.2 |
1,011.3 |
58.1 |
-34.4 |
159.0 |
|
79.8 |
85.7 |
5.9 |
6.94 |
8.8 |
0.25 |
Skarn |
|
LDUG-075 |
Infill |
422,114.1 |
1,990,443.1 |
1,010.9 |
64 |
-15.0 |
115.3 |
|
83.2 |
93.0 |
9.8 |
10.90 |
6.5 |
0.10 |
Skarn |
|
LDUG-076 |
Infill |
422,113.9 |
1,990,443.1 |
1,010.4 |
63.8 |
-52.7 |
138.0 |
|
75.5 |
79.9 |
4.4 |
1.31 |
4.6 |
0.10 |
Skarn |
|
LDUG-077 |
Infill |
422,103.3 |
1,990,523.5 |
1,012.3 |
70.6 |
-24.9 |
105.0 |
|
63.0 |
69.0 |
6.0 |
1.35 |
0.5 |
0.05 |
Skarn |
|
LDUG-078 |
Infill |
422,102.7 |
1,990,523.2 |
1,011.8 |
83.7 |
-46.7 |
120.0 |
|
71.5 |
76.8 |
5.3 |
1.63 |
1.0 |
0.09 |
Skarn |
|
LDUG-079 |
Step-Out |
422,103.3 |
1,990,523.5 |
1,012.2 |
48.9 |
-22.5 |
180.0 |
|
102.5 |
106.3 |
3.8 |
2.12 |
3.5 |
0.01 |
Skarn |
|
LDUG-080 |
Step-Out |
422,102.6 |
1,990,523.1 |
1,011.8 |
50.8 |
-43.8 |
150.0 |
|
73.9 |
77.9 |
4.0 |
7.58 |
3.9 |
0.20 |
Skarn |
|
LDUG-081 |
Step-Out |
422,101.5 |
1,990,522.0 |
1,011.9 |
53 |
-60.8 |
207.0 |
|
33.5 |
37.6 |
4.1 |
0.05 |
30.3 |
0.90 |
Skarn |
|
|
|
|
|
|
|
|
|
|
131.1 |
138.0 |
6.9 |
0.25 |
74.6 |
2.62 |
Skarn |
|
|
|
|
|
|
|
|
|
|
183.8 |
188.0 |
4.2 |
9.08 |
70.8 |
0.06 |
Skarn |
|
LDUG-082 |
Infill |
422,266.8 |
1,990,296.6 |
1,000.5 |
56.6 |
-5.8 |
63.0 |
|
18.5 |
23.1 |
4.6 |
1.22 |
3.0 |
0.08 |
Skarn |
|
LDUG-083 |
Infill |
422,266.6 |
1,990,296.5 |
999.6 |
62 |
-34.6 |
66.0 |
|
12.0 |
16.0 |
4.0 |
2.70 |
1.5 |
0.06 |
Skarn |
|
LDUG-084 |
Infill |
422,267.8 |
1,990,295.7 |
1,000.5 |
93.9 |
-6.3 |
64.0 |
|
16.0 |
20.6 |
4.6 |
3.93 |
1.3 |
0.02 |
Skarn |
|
LDUG-085 |
Infill |
422,267.7 |
1,990,295.8 |
999.0 |
88.6 |
-33.9 |
60.0 |
|
8.0 |
11.6 |
3.6 |
1.45 |
1.9 |
0.07 |
Skarn |
|
LDUG-086 |
Infill |
422,267.6 |
1,990,292.7 |
1,000.9 |
124.4 |
0.1 |
65.0 |
|
0.0 |
5.1 |
5.1 |
2.17 |
7.9 |
0.10 |
Skarn |
|
LDUG-087 |
Infill |
422,267.5 |
1,990,292.8 |
1,000.0 |
118.7 |
-19.3 |
73.5 |
|
30.1 |
34.0 |
3.9 |
1.46 |
22.3 |
0.35 |
Skarn |
|
LDUG-088 |
Infill |
422,266.9 |
1,990,291.0 |
1,000.5 |
148.9 |
-5.7 |
80.0 |
|
25.7 |
30.3 |
4.6 |
1.54 |
0.7 |
0.04 |
Skarn |
|
LDUG-089 |
Infill |
422,267.2 |
1,990,291.1 |
998.9 |
151.4 |
-34.8 |
60.0 |
|
20.3 |
24.8 |
4.5 |
0.51 |
0.7 |
0.02 |
Skarn |
|
LDUG-090 |
Infill |
422,264.8 |
1,990,291.0 |
1,000.7 |
175.3 |
-7.7 |
96.0 |
|
26.0 |
33.0 |
7.0 |
6.23 |
3.8 |
0.18 |
Skarn |
|
LDUG-091 |
Infill |
422,264.9 |
1,990,291.3 |
1,000.2 |
175.9 |
-28.4 |
99.0 |
|
28.0 |
43.5 |
15.5 |
9.55 |
2.1 |
0.07 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
37.0 |
41.5 |
4.5 |
23.45 |
3.0 |
0.07 |
Skarn |
|
LDUG-092 |
Infill |
422,267.1 |
1,990,291.1 |
999.7 |
148.6 |
-19.7 |
72.0 |
|
36.6 |
40.5 |
3.9 |
1.78 |
2.4 |
0.07 |
Skarn |
|
LDUG-093 |
Step-Out |
422,096.2 |
1,990,522.8 |
1,012.1 |
39 |
-57.0 |
246.0 |
|
23.6 |
27.8 |
4.2 |
0.05 |
17.3 |
0.78 |
Breccia |
|
LDUG-094 |
Step-Out |
422,096.3 |
1,990,521.2 |
1,012.0 |
277 |
-85.0 |
255.0 |
|
76.5 |
80.0 |
3.5 |
0.08 |
1.5 |
0.03 |
Skarn |
|
LDUG-095 |
Step-Out |
422,099.5 |
1,990,523.3 |
1,012.0 |
65 |
-35.0 |
150.0 |
|
100.8 |
104.7 |
3.8 |
3.79 |
3.2 |
0.02 |
Skarn |
|
LDUG-096 |
Step-Out |
422,098.9 |
1,990,523.0 |
1,011.9 |
65 |
-53.0 |
153.0 |
|
91.1 |
95.5 |
4.4 |
0.93 |
37.9 |
1.19 |
Skarn |
|
LDUG-097 |
Step-Out |
422,098.0 |
1,990,522.6 |
1,012.0 |
65 |
-71.0 |
297.0 |
|
210.4 |
215.0 |
4.6 |
4.06 |
2.1 |
0.09 |
Skarn |
|
|
|
|
|
|
|
|
|
|
232.3 |
241.8 |
9.5 |
5.00 |
2.3 |
0.21 |
Skarn |
|
LDUG-098 |
Step-Out |
422,097.1 |
1,990,522.2 |
1,012.0 |
25 |
-89.0 |
192.4 |
|
76.5 |
80.0 |
3.5 |
0.05 |
19.9 |
0.07 |
Skarn |
|
LDUG-099 |
Infill |
422,100.2 |
1,990,355.1 |
1,011.2 |
65 |
-14.0 |
258.0 |
|
127.0 |
137.0 |
10.0 |
9.20 |
8.0 |
0.19 |
Skarn |
|
|
|
|
|
|
|
|
|
including |
132.8 |
137.0 |
4.2 |
14.02 |
12.9 |
0.29 |
Skarn |
|
LDUG-100 |
Step-Out |
422,113.9 |
1,990,525.7 |
1,013.5 |
65 |
0.0 |
126.0 |
|
64.6 |
70.4 |
5.8 |
5.84 |
20.1 |
1.18 |
Skarn |
|
|
|
|
|
|
|
|
|
|
78.5 |
83.7 |
5.2 |
10.71 |
2.4 |
0.10 |
Skarn |
|
ELG-026 |
Step-Out |
421,816.4 |
1,990,253.8 |
1,300.7 |
55 |
-58.0 |
716.5 |
|
534.0 |
538.2 |
4.1 |
0.04 |
0.9 |
0.02 |
Skarn |
|
Notes to Table 3
- Intersections are not reported as true
thickness.
- Interval lengths for holes dipping
between -45 to -90º have been selected to represent a minimum
mining height of 3.5 m.
- Interval lengths for holes dipping
between 0 and -45º have been selected to represent a minimum
horizontal length of 3.5 m.
- Torex is not aware of any drilling,
sampling, recovery, or other factors that could materially affect
the accuracy or reliability of the data.
- Gdi stands for granodiorite.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/76033060-6d14-4bd9-afe8-e786c1bb6fde
https://www.globenewswire.com/NewsRoom/AttachmentNg/34050f58-ab47-4b4b-b347-359fa4d4c652
https://www.globenewswire.com/NewsRoom/AttachmentNg/165cd62b-7848-48d7-9aef-d088485c4541
https://www.globenewswire.com/NewsRoom/AttachmentNg/d531e33f-b76d-48df-89c0-e4bade5844ed
https://www.globenewswire.com/NewsRoom/AttachmentNg/f2637738-022c-4ece-b461-fe4e77270997
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