Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG)
announces assay results from the Company’s ongoing drilling program
at the El Limón Guajes underground mine, including zones referred
to as El Limón Deep (“ELD”), Sub-Sill, Sub-Sill South, El Limón Sur
Deep, and El Limón West (collectively “ELG Underground”).
Jody Kuzenko, President & CEO of Torex,
stated:
“We are excited about the positive results from
the ongoing drilling program at ELG Underground. The program is a
key facet of our strategy to optimize and extend the mine life at
ELG Underground with a view to filling the mill beyond 2027.
“Infill and step-out drilling to the south at El
Limón Sur Deep was successful in extending higher-grade
mineralization outside of the current resource block model. Several
drill holes returned notable intersects over favourable widths
including 88.92 grams per tonne gold equivalent (“gpt
AuEq”) over 14.5 metres (“m”) in drill hole LS-220,
11.20 gpt AuEq over 29.4 m and 19.03 gpt
AuEq over 13.3 m in LS-221, 6.86 gpt AuEq over
16.6 m in LS-187, and 7.46 gpt AuEq over 11.6
m in LS-184. These drill results, which include several
higher-grade sub-intervals in addition to other impressive
intersects, validate the high grade potential associated with the
area that runs from El Limón Sur Deep to the La Flaca fault (600
m), known as the El Limón Sur Trend, with potential to extend
deeper.
“Drilling at El Limón Sur Deep also encountered
areas of economic copper mineralization which we expect to mine
after the flotation circuit, part of the Media Luna Project, is
commissioned in late-2024. This will enable us to maximize margins
from this zone of the deposit and to compliment copper production
from Media Luna.
“Additionally, step-out drilling looking for the
north-south continuity of the feeders on the north side of the Z71
fault completed in late-2022 encountered the deepest recognized
mineralization at the 400 m elevation within the El Limón Sur
Trend, with drill hole SST-299 intersecting 4.17 gpt AuEq
over 3.7 m. This hole was drilled within a cluster of
holes which included an intersect of 9.56 gpt AuEq over 5.0
m in SST-278 and 6.23 gpt AuEq over 8.9 m
in SST-282. This set of drill holes demonstrates the continuity of
mineralization at depth at ELG Underground and supports previous
information from exploratory drill holes that highlight the
resource potential at depth.
“Step-out and infill drilling continue to
support our ability to expand and upgrade resources within the ELD,
Sub-Sill, and Sub-Sill South deposits. Drilling at a zone
approximately 100 m to the west of El Limón Sur Deep, referred to
as El Limón West, continues to highlight the potential for another
underground mining front below the El Limón Sur open pit. Further
work will be conducted in the near future on El Limón West to
explore the potential for a second, parallel corridor of
mineralization to the El Limón Sur Trend.
“Overall, the positive results from the
underground drilling program support ongoing resource expansion and
reserve growth within ELG Underground, which in turn supports our
strategic focus on filling the mill with higher-grade feed beyond
2027.”
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 (90% Au, 86%
Ag, and 93% Cu) used in the year-end 2022 Mineral Resource estimate
for the ELG Underground (AuEq (gpt) = Au (gpt) + Ag (gpt) * 0.0123
+ Cu (%) * 1.6000).
ELG UNDERGROUND – 2023 DRILLING PROGRAM
Through the end of May, approximately 34,300
meters and 177 holes were drilled as part of the 2023 drilling
program at ELG Underground. This represents 60% of the planned
meters in this area for 2023 (30,000 m under the ELG Underground
program and 27,000 m under the near-mine program), for which assays
have been received for 54% of the metres drilled. The level of
infill drilling is expected to increase through the back half of
the year, with a focus on upgrading Inferred mineral resources to
the Indicated category. Step-out drilling from south of the La
Flaca fault to El Limón Sur Deep will focus on further expanding
mineralization with the goal of increasing Inferred mineral
resources across the ELG Underground.
The excellent results from the 2022 drilling
program and initial results from the 2023 drilling program,
including high grade intersects in several of the underground
deposits, have been instrumental in exploring the extent of the
mineralization at depth. This is supported by an improved
understanding of the structural controls of mineralization, which
suggest high grade feeders controlled by fault systems trending
NNW/SSE and NE/SW, in the intrusive and sedimentary sequence,
within a regional North-South deep structural trend (Figure 1). The
improved interpretation of mineral controls will be incorporated
into future drilling programs as the Company looks to identify
higher-margin feed to fill the mill beyond 2027.
Figure 1: Drilling program highlights at ELG
Underground (Plan View)
https://www.globenewswire.com/NewsRoom/AttachmentNg/a225ad59-5707-45fe-bfb4-f3965c026735
Assay results reported in this press release
include drill holes completed under the 2023 underground drilling
program as well as drill holes completed in late-2022, for which
assays were received after the cut-off date for inclusion in the
year-end Mineral Resource estimate. Drill hole intersects are core
lengths and not true widths.
Results from the ongoing underground drilling
program are reported in Table 1 (El Limón Sur Deep), Table 2
(Sub-Sill South), Table 3 (ELD), Table 4 (Sub-Sill), and Table 5
(El Limón West).
El Limón Sur Trend
Drilling completed in late-2022 that focused on
the extension of the Sub-Sill and ELD deposits to the south
encountered mineralization down to an elevation of 400 m (drill
hole SST-299), which is 125 m below the lowest Inferred resource at
Sub-Sill and 275 m below the lowest elevation of Inferred resources
at ELD. This hole, as well as drill holes SST-278 and SST-282
confirm the existence of deep mineralization that was previously
detected in exploratory holes. The mineralization appears to be
related to the higher-grade feeders of the El Limón Sur Trend
(Figures 1, 2, and 3).
- SST-278
- 13.16
gpt AuEq over 16.64 m (11.79 gpt Au, 14.3 gpt Ag and 0.74% Cu)
-
including 21.67 gpt AuEq over 5.39 m (19.73 gpt Au, 21.3 gpt Ag and
1.05% Cu)
- 9.56 gpt
AuEq over 4.95 m (9.13 gpt Au, 6.2 gpt Ag and 0.22% Cu)
- SST-282
- 6.23 gpt
AuEq over 8.93 m (5.63 gpt Au, 12.2 gpt Ag and 0.28% Cu)
- SST-299
- 4.17 gpt
AuEq over 3.66 m (4.08 gpt Au, 1.0 gpt Ag and 0.05% Cu)
The resource categorization and expansion
program at El Limón Sur Deep has yielded outstanding results,
particularly in extending mineralization outside of the current
resource block model, both laterally and vertically to the north
and south. Drilling at El Limón Sur Deep returned several
impressive intersects over favourable widths, which confirm the
high grade potential of the main feeders. Drill results from this
area include strong copper intersects which are expected to be
mined after upgrades to the processing plant (including a copper
flotation circuit) are completed in late-2024 as part of the Media
Luna Project (Figure 3).
- LS-220
- 88.92 gpt AuEq over
14.46 m (88.61 gpt Au, 20.6 gpt Ag and 0.04% Cu)
- including 75.97 gpt
AuEq over 2.00 m (75.53 Au, 30.0 Ag and 0.04% Cu)
- including 759.47
gpt AuEq over 1.29 m (757.86 gpt Au, 126.1 gpt Ag and 0.04%
Cu)
- LS-221
- 11.20 gpt AuEq over
29.38 m (9.86 gpt Au, 42.0 gpt Ag and 0.52% Cu)
- including 26.06 gpt
AuEq over 4.55 m (25.31 gpt Au, 29.0 gpt Ag and 0.25% Cu)
- including 28.98 gpt
AuEq over 3.38 m (25.61 gpt Au, 108.2 gpt Ag and 1.27% Cu)
- 19.03 gpt AuEq over
13.31 m (11.84 gpt Au, 73.7 gpt Ag and 3.93% Cu)
- including 28.29 gpt
AuEq over 5.55 m (21.18 gpt Au, 94.5 gpt Ag and 3.72% Cu)
- LS-197
- 7.38 gpt AuEq over
17.06 m (5.78 gpt Au, 44.0 gpt Ag and 0.66% Cu)
- including 11.39 gpt
AuEq over 3.84 m (8.88 gpt Au, 74.5 gpt Ag and 1.00% Cu)
- 10.39 gpt AuEq over
5.86 m (4.13 gpt Au, 125.9 gpt Ag and 2.94% Cu)
- LS-187
- 6.86 gpt AuEq over
16.63 m (4.61 gpt Au, 34.4 gpt Ag and 1.14% Cu)
- including 9.05 gpt
AuEq over 3.89 m (3.60 gpt Au, 65.8 gpt Ag and 2.90% Cu)
- LS-183
- 17.85 gpt AuEq over
5.21 m (16.66 gpt Au, 20.6 gpt Ag and 0.58% Cu)
- LS-184
- 7.46 gpt AuEq over
11.62 m (6.00 gpt Au, 40.7 gpt Ag and 0.60% Cu)
- LS-203
- 9.95 gpt AuEq over
7.50 m (9.56 gpt Au, 10.1 gpt Ag and 0.17% Cu)
Drilling at Sub-Sill South was also successful,
with assay results highlighting the potential to upgrade Inferred
resources to the Indicated category and expand Inferred resources
both laterally and vertically to the north and south (Figure
3).
-
SST-320
-
9.88 gpt AuEq over 9.62 m (9.41 gpt Au, 11.3 gpt Ag and 0.21%
Cu)
-
SST-321
-
5.77 gpt AuEq over 3.00 m (4.59 gpt Au, 23.3 gpt Ag and 0.56%
Cu)
-
SST-286
-
5.07 gpt AuEq over 7.76 m (4.16 gpt Au, 8.2 gpt Ag and 0.51%
Cu)
ELD
At ELD, step-out drilling along the southwest
extension of the deposit and infill drilling returned several
impressive intersects that indicate the potential to expand
resources at depth while upgrading Inferred resources to the
Indicated category (Figure 2).
-
LDUG-233
-
11.29 gpt AuEq over 34.89 m (9.48 gpt Au, 23.6 gpt Ag and 0.95% Cu)
-
Including 21.13 gpt AuEq over 15.10 m (18.03 gpt Au, 45.5 gpt Ag
and 1.59% Cu)
-
LDUG-229
-
9.70 gpt AuEq over 18.17 m (9.20 gpt Au, 6.3 gpt Ag and 0.26%
Cu)
-
8.68 gpt AuEq over 16.87 m (7.63 gpt Au, 25.5 gpt Ag and 0.46%
Cu)
-
10.65 gpt AuEq over 4.00 m (9.47 gpt Au, 10.9 gpt Ag and 0.65%
Cu)
-
8.82 gpt AuEq over 5.18 m (8.71 gpt Au, 2.8 gpt Ag and 0.05%
Cu)
-
LDUG-218
-
6.06 gpt AuEq over 4.75 m (5.80 gpt Au, 3.3 gpt Ag and 0.14%
Cu)
-
7.24 gpt AuEq over 7.03 m (7.09 gpt Au, 2.9 gpt Ag and 0.07%
Cu)
Sub-Sill
Step-out drilling to the north and south of the
deeper extension of the Sub-Sill deposit and infill drilling around
the existing resource continue to support the potential to expand
and upgrade resources at depth (Figure 4).
-
SST-306
-
18.95 gpt AuEq over 4.08 m (18.83 gpt Au, 3.7 gpt Ag and 0.05%
Cu)
-
SST-303
-
5.17 gpt AuEq over 7.61 m (4.39 gpt Au, 7.8 gpt Ag and 0.43%
Cu)
-
SST-301
- 5.12 gpt AuEq over 6.11 m (5.04 gpt Au, 1.5 gpt Ag and 0.04%
Cu)
El Limón West
Follow-up drilling at El Limón West, a zone of
mineralization below the El Limón Sur pit and approximately 100 m
west of the El Limón Sur Deep deposit, continues to highlight the
potential for another new mining front within ELG Underground
(Figure 5). Mineralization at El Limón West is controlled and
hosted by a phreatomagmatic breccia pipe, which differs from the
mineralization commonly associated with the El Limón Sur Trend.
This indicates the potential of a second structural corridor and
other styles of mineralization across the broader Morelos Property
and will be explored further in the near future.
-
LS-207
-
6.16 gpt AuEq over 16.01 m (4.92 gpt Au, 30.4 gpt Ag and 0.54%
Cu)
-
LS-218
-
8.83 gpt AuEq over 5.21 m (8.10 gpt Au, 25.1 gpt Ag and 0.26%
Cu)
-
LS-169
-
7.52 gpt AuEq over 4.41 m (6.25 gpt Au, 30.3 gpt Ag and 0.56%
Cu)
EL LIMÓN GUAJES MINE COMPLEX
GEOLOGY
The ELG Mine 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.
Gold mineralization at ELG occurs in association
with a skarn body that was developed along a 2-kilometre-long
corridor following the northeast contact of the ELG granodiorite
stock. The skarn zone that occurs at the marble stratigraphic level
of the Morelos Formation is in contact with hornfels developed in
the Mezcala Formation. At El Limón, skarn mineralization is also
structurally controlled by NE-SW and WNW-ESE trending faults and
fracture zones. Skarn alteration and mineralization at ELG are
fairly typical of calcic gold-skarn systems. Zones of coarse,
massive, garnet-dominant skarn appear within and along the stock
margin, with fine-grained pyroxene-dominant skarn more common at
greater distances from the contact with the stock. Significant gold
mineralization at ELG is associated with the skarn, preferentially
occurring in pyroxene-rich exoskarn but also hosted in garnet-rich
endoskarn that has been affected by retrograde alteration.
Pre- and post-mineralization dykes and sills are
found to crosscut the hornfels and marble, along the structural
trends mentioned above, and are spatially associated with the skarn
formation.
The style of mineralization at El Limón Sur Deep
is like Sub-Sill and ELD, and is characterized by gold, with
locally high silver and copper grades. 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 mainly 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 PERSON
Torex 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 at Minera Media Luna site facilities in 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.
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 drillholes 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.
Additional information on the El Limón Sur
deposit, sampling and analyses, analytical labs, and methods used
for data verification is available in the Company’s technical
report entitled the “Morelos Property, NI 43-101 Technical Report,
ELG Mine Complex Life of Mine Plan and Media Luna Feasibility
Study, Guerrero State, Mexico”, dated effective March 16, 2022
filed on March 31, 2022 (the “2022 Technical Report”) and in the
annual information form (“AIF”) dated March 30, 2023, each 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 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 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.
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
STATEMENTSThis 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:
impressive drill results demonstrate the potential for ongoing
resource expansion and mine life extension at ELG Underground; the
Company’s strategy to optimize and extend the mine life at ELG
Underground with a view to filling the mill beyond 2027; the
results of the infill and step-out drilling to the south at El
Limón Sur Deep validate the high grade potential associated with
the area that runs from El Limón Sur Deep to the La Flaca fault
(known as the “El Limón Sur Trend”), with potential to extend
deeper; the expectation that the Company will mine areas of copper
mineralization encountered at El Limón Sur Deep after the flotation
circuit is commissioned in late 2024 as part of the Media Luna
Project; the mining of these areas of copper mineralization will
enable the Company to maximize margins from this zone of the
deposit and will compliment copper production from Media Luna; the
step-out drilling looking for the north-south continuity of the
feeders on the north side of the Z71 fault demonstrates the
continuity of mineralization at depth in ELG Underground and
supports previous information from exploratory drill holes that
highlights the resource potential at depth; the step-out and infill
drilling continue to support the Company’s ability to expand and
upgrade resources within the ELD, Sub-Sill, and Sub-Sill South
deposits; drilling at a zone approximately 100 m to the west of El
Limón Sur Deep, referred to as El Limón West, continues to
highlight the potential for another underground mining front below
the El Limón Sur open pit; further work will be conducted in the
near future on El Limón West to explore the potential for a second,
parallel corridor of mineralization to the El Limón Sur Trend;
overall, the positive results from the drilling program support
ongoing resource expansion and reserve growth within ELG
Underground, which in turn supports the Company’s strategic focus
on filling the mill with higher-grade feed beyond 2027; the level
of infill drilling is expected to increase through the back half of
the year, with a focus on upgrading Inferred mineral resources to
the Indicated category; step-out drilling from south of the La
Flaca fault to El Limón Sur Deep will focus on further expanding
mineralization with the goal of increasing Inferred mineral
resources across the ELG Underground; the assay results from
drilling at Sub-Sill South highlight the potential to upgrade
Inferred resources to the Indicated category and expand Inferred
resources both laterally and vertically to the north and to the
south; at ELD, step-out and infill drilling along the southwest
extension of the deposit returned several impressive intersects
that indicate the potential to expand resources at depth while
upgrading Inferred resources to the Indicated category; step-out
drilling to the north and south of the deeper extension of the
Sub-Sill deposit and infill drilling around the existing resource
continue to support the potential to expand and upgrade resources
at depth; the potential of a second structural corridor and other
styles of mineralization across the broader Morelos Property and
will be explored further in the near future; follow-up drilling at
El Limón West continues to highlight the potential for another new
mining front within ELG Underground; 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 “strategy”, “demonstrate”,
“potential”, “continue”, “ongoing”, “goal” or variations of such
words and phrases or statements that certain actions, events or
results “will”, or “is/are expected to” occur or “with a view to”.
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, those
risk factors identified in the 2022 Technical Report and the
Company’s annual information form (“AIF”) and management’s
discussion and analysis (“MD&A”) or other unknown but
potentially significant impacts. Forward-looking information is
based on the assumptions discussed in the 2022 Technical Report,
the AIF and the MD&A 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 2: Drilling program highlights at the ELG
Underground (Long Section)
https://www.globenewswire.com/NewsRoom/AttachmentNg/e4560941-2840-42a5-8ce8-5c8683a4fa14
Figure 3: Drilling along the El Limón Sur Trend
highlights the potential for resource expansion at both the
Sub-Sill South and El Limón Sur Deep deposits
https://www.globenewswire.com/NewsRoom/AttachmentNg/ca4f300b-6cd8-4d5c-a882-5801d877745c
Figure 4: Drilling at Sub-Sill demonstrates
potential to expand resources outside of current resource shell
https://www.globenewswire.com/NewsRoom/AttachmentNg/92408740-0595-47dd-875a-7d05cad503b9
Figure 5: Drilling at El Limón West (~100 m west
of El Limón Sur Deep) continues to support potential for a new zone
of underground mineralization below the El Limón Sur open pit
https://www.globenewswire.com/NewsRoom/AttachmentNg/c22911eb-a761-45aa-bb33-7a4808bb3578
Table 1: Drill results from infill and step-out drilling to the
south testing mineralization extensions at El Limón Sur Deep
|
|
|
|
|
|
|
|
Intersection |
|
Drill-Hole |
Program |
UTM-E |
UTM-N |
Elevation |
Azimuth |
Dip |
Length |
|
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
(g/t) |
|
LS-183 |
Step-out |
422103.0 |
1989309.9 |
932.7 |
80.0 |
-50.0 |
189.0 |
|
158.97 |
164.18 |
5.21 |
16.66 |
20.6 |
0.58 |
17.85 |
Skarn |
LS-184 |
Step-out |
422102.6 |
1989309.7 |
932.5 |
80.0 |
-60.0 |
229.0 |
|
208.38 |
220.00 |
11.62 |
6.00 |
40.7 |
0.60 |
7.46 |
Skarn |
LS-185 |
Step-out |
422103.2 |
1989309.9 |
932.4 |
80.0 |
-64.0 |
249.0 |
|
172.00 |
175.00 |
3.00 |
0.18 |
2.8 |
0.17 |
0.50 |
Skarn/marble |
LS-186 |
Step-out |
422110.7 |
1989281.0 |
929.2 |
80.0 |
-57.0 |
225.0 |
|
138.61 |
141.67 |
3.06 |
0.06 |
6.5 |
0.09 |
0.29 |
Skarn |
LS-187 |
Step-out |
422094.2 |
1989338.2 |
936.3 |
80.0 |
-57.0 |
225.0 |
|
193.47 |
210.10 |
16.63 |
4.61 |
34.4 |
1.14 |
6.86 |
Skarn |
|
|
|
|
|
|
|
|
including |
194.25 |
198.14 |
3.89 |
3.60 |
65.8 |
2.90 |
9.05 |
Skarn |
LS-190 |
Step-out |
422106.3 |
1989294.7 |
930.7 |
80.0 |
-62.0 |
240.0 |
|
218.43 |
223.30 |
4.87 |
0.42 |
23.2 |
0.41 |
1.35 |
Skarn |
LS-191 |
Step-out |
422106.0 |
1989294.6 |
930.7 |
80.0 |
-69.0 |
288.0 |
|
233.00 |
236.00 |
3.00 |
0.02 |
6.0 |
0.12 |
0.29 |
Skarn |
LS-192 |
Step-out |
422159.1 |
1989351.3 |
954.1 |
80.0 |
-48.0 |
90.0 |
|
59.50 |
66.14 |
6.64 |
5.32 |
5.9 |
0.04 |
5.45 |
Skarn |
LS-193 |
Step-out |
422135.6 |
1989360.8 |
953.3 |
84.0 |
-45.0 |
114.0 |
|
79.60 |
83.64 |
4.04 |
3.61 |
35.1 |
0.22 |
4.40 |
Skarn |
LS-194 |
Step-out |
422156.9 |
1989334.1 |
953.8 |
80.0 |
-47.0 |
90.0 |
|
75.50 |
80.86 |
5.36 |
61.15 |
15.2 |
0.24 |
61.72 |
Skarn |
|
|
|
|
|
|
|
|
including |
78.51 |
80.86 |
2.35 |
137.56 |
20.0 |
0.22 |
138.16 |
Skarn |
LS-195 |
Step-out |
422165.3 |
1989322.5 |
954.9 |
80.0 |
-46.0 |
87.0 |
|
75.09 |
79.00 |
3.91 |
6.12 |
3.6 |
0.04 |
6.23 |
Skarn |
LS-196 |
Step-out |
422160.4 |
1989290.1 |
959.2 |
80.0 |
-57.0 |
129.0 |
|
106.39 |
112.04 |
5.65 |
1.87 |
59.1 |
1.21 |
4.54 |
Skarn |
LS-197 |
Step-out |
422117.8 |
1989358.0 |
949.4 |
80.0 |
-48.0 |
150.0 |
|
99.00 |
116.06 |
17.06 |
5.78 |
44.0 |
0.66 |
7.38 |
Skarn |
|
|
|
|
|
|
|
|
including |
109.26 |
113.10 |
3.84 |
8.88 |
74.5 |
1.00 |
11.39 |
Skarn |
|
|
|
|
|
|
|
|
|
123.63 |
129.49 |
5.86 |
4.13 |
125.9 |
2.94 |
10.39 |
Skarn |
LS-198 |
Step-out |
422117.2 |
1989357.9 |
949.5 |
81.0 |
-59.0 |
201.0 |
|
143.00 |
148.61 |
5.61 |
8.55 |
5.8 |
0.17 |
8.89 |
Skarn |
|
|
|
|
|
|
|
|
|
174.25 |
181.00 |
6.75 |
4.51 |
52.1 |
2.15 |
8.59 |
Skarn |
LS-199 |
Step-out |
422131.3 |
1989329.5 |
953.2 |
80.0 |
-53.0 |
149.0 |
|
109.20 |
117.00 |
7.80 |
3.31 |
22.3 |
0.35 |
4.15 |
Skarn |
LS-200 |
Step-out |
422143.8 |
1989316.8 |
955.2 |
80.0 |
-45.0 |
115.0 |
|
105.09 |
110.00 |
4.91 |
30.85 |
15.3 |
0.34 |
31.59 |
Skarn |
LS-201 |
Step-out |
422142.8 |
1989316.6 |
955.2 |
80.0 |
-58.0 |
156.0 |
|
125.00 |
129.00 |
4.00 |
4.97 |
8.8 |
0.20 |
5.39 |
Skarn |
LS-202 |
Step-out |
422161.0 |
1989304.9 |
958.0 |
85.0 |
-65.0 |
160.0 |
|
117.02 |
122.00 |
4.98 |
0.71 |
19.8 |
0.43 |
1.64 |
Skarn |
LS-203 |
Step-out |
422178.3 |
1989307.9 |
959.6 |
80.0 |
-50.0 |
87.0 |
|
58.00 |
65.50 |
7.50 |
9.56 |
10.1 |
0.17 |
9.95 |
Skarn |
LS-204 |
Step-out |
422177.8 |
1989307.9 |
959.6 |
80.0 |
-60.0 |
105.0 |
|
92.09 |
96.15 |
4.06 |
8.68 |
0.8 |
0.02 |
8.72 |
Skarn |
LS-205 |
Step-out |
422195.3 |
1989310.6 |
961.6 |
80.0 |
-50.0 |
60.0 |
|
31.32 |
44.48 |
13.16 |
4.46 |
9.8 |
0.64 |
5.60 |
Skarn |
LS-206 |
Step-out |
422116.7 |
1989358.0 |
949.5 |
80.0 |
-65.0 |
214.0 |
|
113.14 |
119.00 |
5.86 |
3.93 |
216.7 |
1.47 |
8.94 |
Skarn |
LS-208 |
Step-out |
422086.1 |
1989365.6 |
940.1 |
80.0 |
-54.0 |
216.0 |
|
190.40 |
194.26 |
3.86 |
0.24 |
16.1 |
0.26 |
0.86 |
Skarn |
LS-211 |
Step-out |
422113.4 |
1989271.4 |
928.4 |
76.0 |
-53.0 |
201.0 |
|
156.00 |
159.30 |
3.30 |
0.48 |
40.7 |
0.84 |
2.34 |
Skarn |
LS-212 |
Step-out |
422161.1 |
1989289.8 |
959.3 |
85.0 |
-63.0 |
150.0 |
|
126.34 |
131.57 |
5.23 |
0.22 |
1.8 |
0.03 |
0.29 |
Skarn |
LS-214 |
Infill |
422161.0 |
1989291.1 |
959.3 |
77.0 |
-73.0 |
189.0 |
|
172.50 |
175.50 |
3.00 |
3.40 |
9.3 |
0.14 |
3.73 |
Skarn |
LS-217 |
Infill |
422161.1 |
1989290.8 |
959.3 |
80.0 |
-77.0 |
240.0 |
|
209.06 |
216.20 |
7.14 |
0.79 |
23.4 |
0.26 |
1.50 |
Skarn |
LS-219 |
Infill |
422125.0 |
1989342.8 |
952.2 |
80.0 |
-52.0 |
147.0 |
|
134.00 |
143.48 |
9.48 |
4.35 |
4.8 |
0.09 |
4.56 |
Skarn |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Table 1: Drill results from infill and step-out drilling to the
south testing mineralization extensions at El Limón Sur Deep
(continued)
|
|
|
|
|
|
|
|
Intersection |
|
Drill-Hole |
Program |
UTM-E |
UTM-N |
Elevation |
Azimuth |
Dip |
Length |
|
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
(g/t) |
|
LS-220 |
Step-out |
422161.0 |
1989290.8 |
959.3 |
94.0 |
-75.0 |
255.0 |
|
229.22 |
243.68 |
14.46 |
88.61 |
20.6 |
0.04 |
88.92 |
Skarn |
|
|
|
|
|
|
|
|
including |
232.00 |
234.00 |
2.00 |
75.53 |
30.0 |
0.04 |
75.97 |
Skarn |
|
|
|
|
|
|
|
|
including |
237.18 |
238.47 |
1.29 |
757.86 |
126.1 |
0.04 |
759.47 |
Skarn |
LS-221 |
Infill |
422125.0 |
1989342.7 |
951.9 |
80.0 |
-59.0 |
189.0 |
|
112.00 |
141.38 |
29.38 |
9.86 |
42.0 |
0.52 |
11.20 |
Skarn |
|
|
|
|
|
|
|
|
including |
124.00 |
128.55 |
4.55 |
25.31 |
29.0 |
0.25 |
26.06 |
Skarn |
|
|
|
|
|
|
|
|
including |
137.00 |
140.38 |
3.38 |
25.61 |
108.2 |
1.27 |
28.98 |
Skarn |
|
|
|
|
|
|
|
|
|
148.24 |
161.55 |
13.31 |
11.84 |
73.7 |
3.93 |
19.03 |
Skarn |
|
|
|
|
|
|
|
|
including |
156.00 |
161.55 |
5.55 |
21.18 |
94.5 |
3.72 |
28.29 |
Skarn |
LS-222 |
Infill |
422160.8 |
1989291.5 |
959.3 |
62.0 |
-70.0 |
192.0 |
|
176.00 |
179.82 |
3.82 |
0.81 |
27.6 |
0.77 |
2.38 |
Skarn |
LS-223 |
Infill |
422124.4 |
1989342.6 |
952.0 |
80.0 |
-71.0 |
216.0 |
|
161.80 |
165.40 |
3.60 |
0.24 |
1.1 |
0.01 |
0.27 |
Skarn |
LS-224 |
Infill |
422161.5 |
1989290.4 |
959.2 |
96.0 |
-69.0 |
201.0 |
|
147.95 |
153.00 |
5.05 |
1.63 |
54.6 |
1.04 |
3.97 |
Skarn |
LS-225 |
Infill |
422124.8 |
1989341.8 |
952.1 |
97.0 |
-56.0 |
180.0 |
|
127.62 |
163.56 |
35.94 |
3.70 |
10.1 |
0.21 |
4.16 |
Skarn |
|
|
|
|
|
|
|
|
including |
129.15 |
134.00 |
4.85 |
9.66 |
13.2 |
0.22 |
10.18 |
Skarn |
|
|
|
|
|
|
|
|
including |
145.00 |
148.00 |
3.00 |
9.35 |
5.7 |
0.09 |
9.56 |
Skarn |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes to Table1) Intersections 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 (90% Au, 86% Ag and 93% Cu) used in the
Mineral Resource estimate for ELG Underground (AuEq (gpt) = Au
(g/t) + Ag (gpt) * 0.0123 + Cu (%) * 1.6000).
Table 2: Drill results from infill and step-out drilling to the
north targeting underground mineralization at Sub-Sill South
|
|
|
|
|
|
|
|
Intersection |
|
Drill-Hole |
Program |
UTM-E |
UTM-N |
Elevation |
Azimuth |
Dip |
Length |
|
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
(g/t) |
|
SST-278 |
Step-out |
421913.8 |
1990095.4 |
948.4 |
131.0 |
-59.0 |
675.0 |
|
205.10 |
212.75 |
7.65 |
2.73 |
5.6 |
0.39 |
3.43 |
Skarn |
|
|
|
|
|
|
|
|
|
237.00 |
253.64 |
16.64 |
11.79 |
14.3 |
0.74 |
13.16 |
Skarn |
|
|
|
|
|
|
|
|
including |
238.80 |
244.19 |
5.39 |
19.73 |
21.3 |
1.05 |
21.67 |
Skarn |
|
|
|
|
|
|
|
|
|
465.90 |
469.79 |
3.89 |
4.39 |
17.3 |
0.61 |
5.58 |
Skarn |
|
|
|
|
|
|
|
|
|
588.00 |
592.95 |
4.95 |
9.13 |
6.2 |
0.22 |
9.56 |
Skarn |
SST-279 |
Step-out |
421995.8 |
1990230.5 |
946.9 |
153.0 |
-63.0 |
330.0 |
|
281.50 |
286.00 |
4.50 |
6.22 |
6.7 |
0.16 |
6.56 |
Skarn |
SST-280 |
Step-out |
422102.8 |
1989764.2 |
1092.1 |
27.0 |
-71.0 |
276.0 |
|
222.17 |
248.38 |
26.21 |
6.18 |
10.8 |
0.45 |
7.03 |
Skarn |
SST-281 |
Step-out |
422103.5 |
1989763.4 |
1092.2 |
54.0 |
-77.0 |
240.0 |
|
186.43 |
190.46 |
4.03 |
3.27 |
7.8 |
0.40 |
4.00 |
Skarn |
|
|
|
|
|
|
|
|
|
223.04 |
226.81 |
3.77 |
2.12 |
29.3 |
0.98 |
4.05 |
Skarn |
SST-282 |
Step-out |
421913.7 |
1990095.4 |
948.3 |
131.0 |
-67.0 |
699.0 |
|
246.00 |
273.11 |
27.11 |
8.96 |
10.2 |
0.12 |
9.28 |
Skarn |
|
|
|
|
|
|
|
|
including |
251.00 |
255.00 |
4.00 |
36.69 |
24.0 |
0.65 |
38.02 |
Skarn |
|
|
|
|
|
|
|
|
|
505.00 |
508.90 |
3.90 |
4.15 |
6.9 |
0.16 |
4.50 |
Skarn |
|
|
|
|
|
|
|
|
|
526.00 |
534.93 |
8.93 |
5.63 |
12.2 |
0.28 |
6.23 |
Marbles/ skarn |
SST-285 |
Step-out |
422103.8 |
1989762.9 |
1092.2 |
73.0 |
-78.0 |
261.0 |
|
195.43 |
198.59 |
3.16 |
2.21 |
0.5 |
0.00 |
2.22 |
Skarn |
SST-286 |
Step-out |
422104.6 |
1989762.2 |
1092.1 |
84.0 |
-70.0 |
213.0 |
|
164.63 |
172.39 |
7.76 |
4.16 |
8.2 |
0.51 |
5.07 |
Skarn |
SST-287 |
Step-out |
422104.9 |
1989761.7 |
1092.2 |
94.0 |
-67.0 |
213.0 |
|
176.94 |
182.37 |
5.43 |
0.18 |
0.5 |
0.01 |
0.19 |
Skarn |
SST-288 |
Step-out |
422103.2 |
1989764.3 |
1092.1 |
97.0 |
-75.0 |
225.0 |
|
167.11 |
171.80 |
4.69 |
5.57 |
3.2 |
0.08 |
5.73 |
Skarn |
SST-289 |
Infill |
422103.2 |
1989763.7 |
1092.2 |
110.0 |
-72.0 |
219.0 |
|
169.81 |
174.86 |
5.05 |
1.40 |
3.5 |
0.16 |
1.70 |
Skarn |
SST-290 |
Infill |
422103.2 |
1989763.9 |
1092.5 |
105.0 |
-68.0 |
219.0 |
|
199.82 |
205.00 |
5.18 |
0.45 |
50.2 |
1.85 |
4.03 |
Skarn |
SST-291 |
Step-out |
422103.5 |
1989763.8 |
1092.4 |
105.0 |
-63.0 |
219.0 |
|
152.00 |
157.65 |
5.65 |
0.57 |
0.5 |
0.02 |
0.60 |
Skarn |
SST-292 |
Step-out |
422102.5 |
1989763.6 |
1092.3 |
118.0 |
-83.0 |
264.0 |
|
211.20 |
217.49 |
6.29 |
3.30 |
3.2 |
0.17 |
3.61 |
Skarn |
|
|
|
|
|
|
|
|
|
226.50 |
230.43 |
3.93 |
5.33 |
4.2 |
0.09 |
5.52 |
Skarn |
SST-293 |
Step-out |
421914.1 |
1990095.2 |
948.4 |
131.0 |
-49.0 |
648.0 |
|
367.00 |
371.00 |
4.00 |
3.40 |
6.0 |
0.92 |
4.94 |
MSO |
|
|
|
|
|
|
|
|
|
619.54 |
626.00 |
6.46 |
1.68 |
26.1 |
1.03 |
3.65 |
Skarn |
SST-294 |
Step-out |
421657.7 |
1989760.5 |
583.6 |
81.0 |
-9.0 |
609.0 |
|
577.48 |
588.15 |
10.67 |
2.77 |
22.4 |
0.68 |
4.13 |
Skarn |
SST-298 |
Step-out |
421914.2 |
1990095.1 |
948.9 |
131.0 |
-36.0 |
381.0 |
|
341.19 |
344.69 |
3.50 |
2.45 |
8.0 |
0.42 |
3.21 |
Skarn |
SST-299 |
Step-out |
421657.3 |
1989760.3 |
583.5 |
81.0 |
-22.0 |
567.0 |
|
518.34 |
522.00 |
3.66 |
4.08 |
1.0 |
0.05 |
4.17 |
Skarn |
SST-300 |
Step-out |
421914.2 |
1990095.2 |
949.3 |
131.0 |
-25.0 |
330.0 |
|
281.05 |
285.00 |
3.95 |
0.14 |
0.8 |
0.02 |
0.18 |
Skarn |
SST-302 |
Step-out |
421914.2 |
1990095.1 |
949.7 |
131.0 |
-13.0 |
353.7 |
|
317.22 |
321.00 |
3.78 |
0.20 |
1.5 |
0.07 |
0.33 |
Skarn |
SST-305 |
Step-out |
421913.7 |
1990094.9 |
948.7 |
145.0 |
-48.0 |
465.0 |
|
450.62 |
452.94 |
2.32 |
0.06 |
5.6 |
0.11 |
0.31 |
Skarn |
SST-307 |
Step-out |
421913.6 |
1990095.0 |
948.5 |
150.0 |
-61.0 |
423.0 |
|
187.46 |
193.00 |
5.54 |
0.04 |
0.5 |
0.01 |
0.07 |
Skarn |
SST-309 |
Step-out |
421913.4 |
1990095.8 |
948.4 |
131.0 |
-81.0 |
675.0 |
|
211.62 |
215.00 |
3.38 |
1.25 |
18.4 |
0.69 |
2.58 |
Skarn |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Table 2: Drill results from infill and step-out drilling to the
north targeting underground mineralization at Sub-Sill South
(continued)
|
|
|
|
|
|
|
|
Intersection |
|
Drill-Hole |
Program |
UTM-E |
UTM-N |
Elevation |
Azimuth |
Dip |
Length |
|
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
(g/t) |
|
SST-315 |
Step-out |
422232.7 |
1989923.7 |
794.4 |
231.0 |
0.0 |
275.0 |
|
250.56 |
254.80 |
4.24 |
0.91 |
1.8 |
0.01 |
0.95 |
Skarn |
SST-319 |
Step-out |
422232.8 |
1989923.8 |
794.6 |
231.0 |
4.0 |
264.0 |
|
214.83 |
217.68 |
2.85 |
1.05 |
3.2 |
0.13 |
1.30 |
Skarn |
SST-320 |
Infill |
422237.5 |
1989898.1 |
856.8 |
240.0 |
5.0 |
156.0 |
|
113.47 |
118.00 |
4.53 |
3.69 |
14.3 |
0.49 |
4.65 |
Skarn |
|
|
|
|
|
|
|
|
|
121.27 |
130.89 |
9.62 |
9.41 |
11.3 |
0.21 |
9.88 |
Skarn |
|
|
|
|
|
|
|
|
|
144.00 |
147.78 |
3.78 |
4.50 |
2.7 |
0.13 |
4.74 |
Skarn |
SST-321 |
Infill |
422237.7 |
1989897.6 |
856.9 |
232.0 |
5.0 |
150.0 |
|
121.00 |
124.00 |
3.00 |
4.59 |
23.3 |
0.56 |
5.77 |
Skarn |
SST-322 |
Infill |
422237.3 |
1989898.2 |
856.8 |
248.0 |
5.0 |
201.0 |
|
113.09 |
119.00 |
5.91 |
7.30 |
7.9 |
0.25 |
7.80 |
Skarn |
|
|
|
|
|
|
|
|
|
122.00 |
130.00 |
8.00 |
4.45 |
2.7 |
0.07 |
4.59 |
Skarn |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes to Table1) Intersections 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 (90% Au, 86% Ag and 93% Cu) used in the
Mineral Resource estimate for ELG Underground (AuEq (gpt) = Au
(g/t) + Ag (gpt) * 0.0123 + Cu (%) * 1.6000).
Table 3: Drill results from infill and step-out drilling to the
southwest targeting mineralization extensions at ELD
|
|
|
|
|
|
|
|
|
|
|
|
Intersection |
|
|
|
|
Drill-Hole |
Program |
UTM-E |
UTM-N |
Elevation |
Azimuth |
Dip |
Length |
|
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
(g/t) |
|
LDUG-213 |
Step-out |
422025.8 |
1990282.8 |
878.2 |
224.0 |
-62.0 |
150.0 |
|
115.87 |
118.64 |
2.77 |
1.06 |
6.9 |
0.33 |
1.67 |
Skarn |
LDUG-214 |
Step-out |
421996.2 |
1990230.9 |
947.0 |
77.0 |
-73.0 |
231.0 |
|
145.22 |
148.93 |
3.71 |
6.16 |
23.2 |
0.73 |
7.61 |
Skarn |
LDUG-215 |
Step-out |
422026.8 |
1990281.7 |
878.4 |
193.0 |
-44.0 |
240.0 |
|
102.10 |
107.19 |
5.09 |
0.53 |
26.9 |
1.16 |
2.72 |
Skarn |
LDUG-216 |
Step-out |
422025.8 |
1990282.6 |
878.4 |
248.0 |
-64.0 |
231.0 |
|
204.57 |
208.53 |
3.96 |
2.90 |
20.1 |
0.54 |
4.01 |
Skarn |
LDUG-217 |
Step-out |
422025.2 |
1990282.8 |
878.4 |
80.0 |
-77.0 |
255.0 |
|
89.00 |
92.38 |
3.38 |
0.06 |
0.5 |
0.01 |
0.09 |
Skarn |
LDUG-218 |
Step-out |
422025.0 |
1990282.7 |
878.3 |
296.0 |
-70.0 |
258.0 |
|
149.41 |
154.16 |
4.75 |
5.80 |
3.3 |
0.14 |
6.06 |
Skarn |
|
|
|
|
|
|
|
|
|
166.82 |
173.85 |
7.03 |
7.09 |
2.9 |
0.07 |
7.24 |
Skarn |
LDUG-219 |
Step-out |
421996.0 |
1990231.1 |
947.0 |
80.0 |
-52.0 |
237.9 |
|
165.67 |
193.00 |
27.33 |
3.03 |
10.7 |
0.72 |
4.32 |
Skarn |
LDUG-220 |
Step-out |
421955.0 |
1990115.0 |
950.0 |
93.0 |
-75.0 |
270.0 |
|
227.65 |
231.17 |
3.52 |
0.13 |
1.3 |
0.02 |
0.18 |
Skarn |
LDUG-221 |
Step-out |
421996.0 |
1990230.9 |
947.0 |
80.0 |
-59.5 |
249.0 |
|
180.62 |
185.39 |
4.77 |
1.98 |
25.4 |
0.79 |
3.56 |
Skarn |
|
|
|
|
|
|
|
|
|
190.40 |
195.75 |
5.35 |
2.75 |
24.8 |
0.95 |
4.56 |
Skarn |
LDUG-222 |
Step-out |
422025.2 |
1990282.6 |
878.3 |
62.0 |
-70.0 |
201.0 |
|
121.22 |
124.33 |
3.11 |
1.05 |
1.1 |
0.04 |
1.12 |
Skarn |
LDUG-223 |
Step-out |
422026.0 |
1990281.8 |
878.2 |
80.0 |
-71.0 |
195.0 |
|
93.50 |
101.88 |
8.38 |
3.63 |
23.6 |
0.88 |
5.33 |
Skarn |
LDUG-224 |
Step-out |
421996.1 |
1990231.5 |
947.2 |
96.0 |
-69.0 |
258.0 |
|
137.62 |
142.13 |
4.51 |
1.62 |
13.9 |
1.18 |
3.67 |
Skarn |
|
|
|
|
|
|
|
|
|
183.65 |
188.80 |
5.15 |
4.72 |
3.0 |
0.09 |
4.90 |
Skarn |
LDUG-225 |
Step-out |
422026.0 |
1990283.1 |
878.3 |
97.0 |
-56.0 |
291.0 |
|
136.70 |
141.00 |
4.30 |
4.85 |
4.0 |
0.04 |
4.97 |
Skarn |
|
|
|
|
|
|
|
|
|
209.50 |
212.51 |
3.01 |
11.65 |
1.6 |
0.15 |
11.91 |
Marbles |
LDUG-226 |
Step-out |
422025.0 |
1990282.9 |
878.4 |
9.0 |
-48.0 |
231.0 |
|
78.44 |
82.00 |
3.56 |
0.11 |
1.3 |
0.02 |
0.16 |
Skarn |
LDUG-227 |
Step-out |
422025.9 |
1990282.6 |
878.3 |
22.0 |
-61.0 |
171.0 |
|
141.92 |
146.92 |
5.00 |
1.55 |
5.1 |
0.25 |
2.01 |
Skarn |
LDUG-228 |
Step-out |
422292.3 |
1990578.4 |
741.4 |
268.0 |
2.0 |
111.0 |
|
91.46 |
95.61 |
4.15 |
2.15 |
4.0 |
0.28 |
2.64 |
Skarn |
LDUG-229 |
Step-out |
421954.2 |
1990115.0 |
948.1 |
119.0 |
-73.0 |
291.0 |
|
168.71 |
186.88 |
18.17 |
9.20 |
6.3 |
0.26 |
9.70 |
Skarn |
|
|
|
|
|
|
|
|
|
193.70 |
210.57 |
16.87 |
7.63 |
25.5 |
0.46 |
8.68 |
Skarn |
|
|
|
|
|
|
|
|
|
220.00 |
224.00 |
4.00 |
9.47 |
10.9 |
0.65 |
10.65 |
Skarn |
|
|
|
|
|
|
|
|
|
238.00 |
243.18 |
5.18 |
8.71 |
2.8 |
0.05 |
8.82 |
Skarn |
LDUG-230 |
Step-out |
422292.3 |
1990577.9 |
741.3 |
255.0 |
2.0 |
180.0 |
|
128.00 |
130.74 |
2.74 |
1.29 |
5.1 |
0.43 |
2.04 |
Skarn |
LDUG-231 |
Step-out |
421953.7 |
1990114.8 |
948.2 |
143.0 |
-71.0 |
291.0 |
|
171.76 |
177.00 |
5.24 |
1.88 |
3.7 |
0.12 |
2.12 |
Skarn |
LDUG-232 |
Step-out |
422292.3 |
1990577.9 |
740.6 |
255.0 |
-14.0 |
150.0 |
|
80.22 |
86.58 |
6.36 |
0.07 |
1.3 |
0.12 |
0.28 |
Skarn |
LDUG-233 |
Step-out |
421953.6 |
1990114.8 |
948.1 |
310.0 |
-61.0 |
285.0 |
|
178.00 |
212.89 |
34.89 |
9.48 |
23.6 |
0.95 |
11.29 |
Skarn |
|
|
|
|
|
|
|
|
including |
184.27 |
199.37 |
15.10 |
18.03 |
45.5 |
1.59 |
21.13 |
Skarn |
LDUG-244 |
Infill |
422189.0 |
1990257.6 |
979.3 |
192.0 |
-59.0 |
78.0 |
|
39.00 |
49.00 |
10.00 |
4.84 |
1.0 |
0.03 |
4.89 |
Skarn |
LDUG-245 |
Infill |
422027.9 |
1990281.1 |
878.2 |
96.0 |
-29.0 |
141.0 |
|
80.13 |
84.00 |
3.87 |
5.35 |
1.2 |
0.00 |
5.37 |
Skarn |
LDUG-246 |
Infill |
422188.5 |
1990257.1 |
979.4 |
204.0 |
-42.0 |
93.0 |
|
86.30 |
91.50 |
5.20 |
2.67 |
5.2 |
0.25 |
3.14 |
Skarn |
LDUG-247 |
Infill |
422028.2 |
1990285.5 |
878.9 |
88.0 |
-30.0 |
132.0 |
|
126.00 |
129.86 |
3.86 |
26.27 |
9.1 |
0.00 |
26.39 |
Skarn |
LDUG-248 |
Infill |
422189.3 |
1990256.2 |
980.1 |
170.0 |
-23.0 |
81.0 |
|
78.00 |
81.00 |
3.00 |
2.93 |
0.5 |
0.00 |
2.95 |
Skarn |
LDUG-251 |
Infill |
422028.4 |
1990285.1 |
878.5 |
105.0 |
-30.0 |
138.0 |
|
15.00 |
19.85 |
4.85 |
4.80 |
1.2 |
0.06 |
4.92 |
Hornfels |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes to Table1) Intersections 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 (90% Au, 86% Ag and 93% Cu) used in the
Mineral Resource estimate for ELG Underground (AuEq (gpt) = Au
(g/t) + Ag (gpt) * 0.0123 + Cu (%) * 1.6000).Table 4: Drill results
from infill and step-out drilling to the north and south targeting
mineralization at Sub-Sill
|
|
|
|
|
|
|
|
Intersection |
|
Drill-Hole |
Program |
UTM-E |
UTM-N |
Elevation |
Azimuth |
Dip |
Length |
|
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
(g/t) |
|
SST-284 |
Step-out |
422289.8 |
1990279.0 |
695.0 |
171.0 |
-10.0 |
299.7 |
|
112.41 |
115.47 |
3.06 |
2.54 |
1.9 |
0.01 |
2.58 |
GDI |
|
|
|
|
|
|
|
|
|
248.06 |
250.82 |
2.76 |
0.92 |
0.5 |
0.00 |
0.93 |
Skarn |
SST-295 |
Step-out |
422332.7 |
1990194.2 |
683.7 |
180.0 |
0.0 |
192.0 |
|
131.00 |
135.00 |
4.00 |
0.08 |
35.6 |
2.54 |
4.59 |
Skarn |
|
|
|
|
|
|
|
|
|
163.00 |
167.50 |
4.50 |
3.40 |
0.5 |
0.00 |
3.41 |
Skarn/fault |
SST-296 |
Step-out |
422332.7 |
1990194.1 |
682.9 |
180.0 |
-26.0 |
168.0 |
|
142.92 |
146.00 |
3.08 |
0.44 |
0.5 |
0.00 |
0.45 |
Skarn |
SST-297 |
Step-out |
422332.6 |
1990194.2 |
682.2 |
100.0 |
-48.0 |
264.0 |
|
154.52 |
158.67 |
4.15 |
3.49 |
2.5 |
0.09 |
3.67 |
Skarn |
SST-301 |
Step-out |
422333.6 |
1990194.3 |
683.7 |
153.0 |
0.0 |
231.0 |
|
165.00 |
170.82 |
5.82 |
0.16 |
27.3 |
1.60 |
3.05 |
Skarn |
|
|
|
|
|
|
|
|
|
187.39 |
193.50 |
6.11 |
5.04 |
1.5 |
0.04 |
5.12 |
Skarn |
SST-303 |
Step-out |
422333.6 |
1990194.2 |
682.9 |
153.0 |
-25.0 |
202.6 |
|
96.86 |
104.47 |
7.61 |
4.39 |
7.8 |
0.43 |
5.17 |
Skarn |
SST-304 |
Step-out |
422336.3 |
1990194.7 |
683.7 |
128.0 |
0.0 |
240.0 |
|
224.69 |
226.31 |
1.62 |
0.24 |
2.1 |
0.02 |
0.30 |
Skarn |
SST-306 |
Step-out |
422331.7 |
1990194.0 |
682.4 |
204.0 |
-46.0 |
550.0 |
|
137.02 |
141.10 |
4.08 |
18.83 |
3.7 |
0.05 |
18.95 |
Skarn |
|
|
|
|
|
|
|
|
|
197.62 |
202.00 |
4.38 |
2.28 |
3.7 |
0.00 |
2.34 |
Skarn |
SST-308 |
Step-out |
422331.9 |
1990193.9 |
682.4 |
219.0 |
-45.0 |
255.0 |
|
26.14 |
29.64 |
3.50 |
0.62 |
10.6 |
0.77 |
1.98 |
Skarn |
SST-310 |
Step-out |
422331.9 |
1990193.9 |
683.0 |
204.0 |
-26.0 |
183.0 |
|
10.31 |
14.00 |
3.69 |
4.95 |
3.0 |
0.00 |
4.99 |
Skarn |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes to Table1) Intersections 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 (90% Au, 86% Ag and 93% Cu) used in the
Mineral Resource estimate for ELG Underground (AuEq (gpt) = Au
(g/t) + Ag (gpt) * 0.0123 + Cu (%) * 1.6000).
Table 5: Drill results from infill and step-out drilling
targeting underground mineralization at El Limón West
|
|
|
|
|
|
|
|
Intersection |
|
Drill-Hole |
Program |
UTM-E |
UTM-N |
Elevation |
Azimuth |
Dip |
Length |
|
From |
To |
Core Length |
Au |
Ag |
Cu |
AuEq |
Lithology |
|
|
(m) |
(m) |
(m) |
(°) |
(°) |
(m) |
|
(m) |
(m) |
(m) |
(g/t) |
(g/t) |
(%) |
(g/t) |
|
LS-129 |
Brownfield |
422126.4 |
1989207.2 |
920.7 |
260.0 |
-45.0 |
299.0 |
|
198.58 |
202.19 |
3.61 |
0.75 |
33.3 |
0.36 |
1.73 |
Skarn |
LS-130 |
Brownfield |
422097.4 |
1989324.5 |
934.8 |
260.0 |
-53.0 |
275.0 |
|
173.00 |
179.61 |
6.61 |
3.61 |
7.4 |
0.42 |
4.38 |
Breccia |
|
|
|
|
|
|
|
|
|
193.37 |
199.74 |
6.37 |
2.61 |
18.8 |
1.16 |
4.70 |
Skarn |
LS-131 |
Brownfield |
422112.6 |
1989265.7 |
927.7 |
260.0 |
-50.0 |
323.0 |
|
280.20 |
287.00 |
6.80 |
0.29 |
8.6 |
0.13 |
0.60 |
Breccia |
LS-132 |
Brownfield |
422108.6 |
1989386.4 |
946.0 |
260.0 |
-47.0 |
341.0 |
|
158.27 |
161.57 |
3.30 |
3.12 |
3.1 |
0.30 |
3.64 |
Skarn |
LS-160 |
Brownfield |
422041.5 |
1989109.3 |
868.3 |
315.0 |
-55.0 |
286.5 |
|
199.92 |
204.41 |
4.49 |
2.68 |
11.2 |
0.09 |
2.96 |
Skarn |
LS-162 |
Brownfield |
422040.5 |
1989137.5 |
868.2 |
325.0 |
-50.0 |
357.0 |
|
106.43 |
112.86 |
6.43 |
5.57 |
51.2 |
0.12 |
6.40 |
Fault |
|
|
|
|
|
|
|
|
|
253.73 |
261.04 |
7.31 |
3.94 |
27.9 |
0.40 |
4.92 |
Breccia |
LS-166 |
Brownfield |
421926.0 |
1989023.0 |
807.5 |
105.0 |
-70.0 |
123.0 |
|
55.80 |
61.48 |
5.68 |
0.10 |
0.5 |
0.00 |
0.11 |
Skarn |
LS-168 |
Brownfield |
422009.1 |
1988972.7 |
792.0 |
285.0 |
-50.0 |
210.0 |
|
183.33 |
187.80 |
4.47 |
0.02 |
8.0 |
0.10 |
0.27 |
Skarn |
LS-169 |
Brownfield |
422039.7 |
1989135.0 |
867.9 |
305.0 |
-45.0 |
330.0 |
|
85.15 |
89.56 |
4.41 |
6.25 |
30.3 |
0.56 |
7.52 |
Fault |
LS-207 |
Brownfield |
421960.8 |
1989225.5 |
812.1 |
315.0 |
-52.0 |
168.0 |
|
82.45 |
98.46 |
16.01 |
4.92 |
30.4 |
0.54 |
6.16 |
Skarn |
LS-209 |
Brownfield |
421962.4 |
1989227.3 |
812.3 |
327.0 |
-65.0 |
156.0 |
|
117.37 |
120.62 |
3.25 |
1.80 |
26.6 |
0.39 |
2.74 |
Skarn |
LS-210 |
Brownfield |
421822.9 |
1989329.0 |
819.3 |
90.0 |
-43.0 |
300.0 |
|
|
|
|
No skarn Intersected |
|
|
|
|
LS-213 |
Brownfield |
421938.3 |
1989220.1 |
791.4 |
224.0 |
-62.0 |
100.0 |
|
22.00 |
31.36 |
9.36 |
0.21 |
2.7 |
0.02 |
0.27 |
Skarn |
LS-215 |
Brownfield |
421938.3 |
1989220.1 |
791.4 |
193.0 |
-44.0 |
81.8 |
|
35.00 |
38.90 |
3.90 |
1.45 |
10.4 |
0.11 |
1.75 |
Skarn |
LS-216 |
Brownfield |
421940.4 |
1989237.0 |
792.4 |
248.0 |
-64.0 |
99.0 |
|
22.50 |
32.00 |
9.50 |
3.68 |
30.0 |
0.26 |
4.46 |
Skarn |
LS-218 |
Brownfield |
421940.1 |
1989237.1 |
792.3 |
296.0 |
-70.0 |
120.0 |
|
43.68 |
49.22 |
5.54 |
0.45 |
73.9 |
1.38 |
3.56 |
Skarn |
|
|
|
|
|
|
|
|
|
72.36 |
77.57 |
5.21 |
8.10 |
25.1 |
0.26 |
8.83 |
Skarn |
LS-226 |
Brownfield |
421937.0 |
1989239.0 |
791.7 |
9.0 |
-48.0 |
132.0 |
|
77.85 |
81.00 |
3.15 |
1.95 |
7.9 |
0.20 |
2.36 |
Skarn |
LS-227 |
Brownfield |
421937.5 |
1989238.3 |
791.5 |
22.0 |
-61.0 |
162.0 |
|
71.57 |
76.87 |
5.30 |
5.04 |
3.7 |
0.12 |
5.27 |
Skarn |
|
|
|
|
|
|
|
|
|
91.88 |
96.33 |
4.45 |
4.72 |
13.8 |
0.39 |
5.51 |
Skarn |
LS-228 |
Brownfield |
421938.5 |
1989238.6 |
791.5 |
33.0 |
-42.0 |
120.0 |
|
71.00 |
74.28 |
3.28 |
0.58 |
0.5 |
0.01 |
0.60 |
Skarn |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes to Table1) Intersections 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 (90% Au, 86% Ag and 93% Cu) used in the
Mineral Resource estimate for ELG Underground (AuEq (gpt) = Au
(g/t) + Ag (gpt) * 0.0123 + Cu (%) * 1.6000).
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