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Mining industry

Torque Metals Limited Drilling Success at Paris Gold Project in Sydney, Australia

Strategic Insights

— 1 min read

Torque Metals Limited's recent news release highlights the significant progress made at the Paris Gold Project in Sydney, Australia. The company has mobilised a diamond rig to deepen hole 25PRC206, which encountered strong mineralisation grading 23.5 g/t gold, including a standout intercept of 5m at 27.93 g/t gold. This drilling success has validated the effectiveness of DHEM as a targeting tool, and the company plans to conduct DHEM surveys on every hole drilled at Paris to support systematic exploration and resource expansion.

Key Takeaways:

  • Torque Metals Limited has mobilised a diamond rig to deepen hole 25PRC206, which returned a standout intercept of 5m at 27.93 g/t gold.
  • The RC rig had reached its depth capacity, and the diamond hole will test the extent of the system, define the geometry of the mineralisation, and deliver core for petrophysical and metallurgical analysis.
  • The drilling strategy follows the success of 25PRC206, which confirmed the accuracy of the company's DHEM modelling, and identified a strong conductor adjacent to a modelled plate.
  • The company plans to test the strong conductor, which is potentially extending the system at least 40 meters west, where it remains open along strike.
  • Torque will utilise its $144,500 co-funded EIS grant from DEMIRIS to drill two additional diamond holes, testing high-confidence down-plunge conductors refined through DHEM.
  • The company aims to refine its targeting method across areas of known mineralisation and broaden its scope to evaluating the full 57km strike, which is largely untested.
  • The current Mineral Resource Estimate stands at 250koz of gold at 3.1 g/t, with mineralisation remaining open in multiple directions, highlighting the potential for further resource expansion.
  • The Paris Gold Project presents a significant regional exploration opportunity within a highly prospective greenstone belt, strategically positioned near major gold producers.

Statistics:

  • 5m at 27.93 g/t gold was returned in RC drilling
  • 23.5 g/t Au1 was ended in robust mineralisation
  • 12m @ 12.49 g/t gold from 495m was intersected in RC hole 25PRC206
  • 44m @ 3.75 g/t gold from 464m was intersected in RC hole 25PRC206
  • The Mineral Resource Estimate stands at 250koz of gold at 3.1 g/t

Sources:

  • Torque Metals Limited news release (no date provided)
  • Westgold's Beta Hunt operation (no date provided)
  • St Ives Goldfields (no date provided)
  • DEMIRIS (no date provided)

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