Torex Gold Resources Inc TXG:CA announced results from its Morelos Gold Project in Mexico. Assays include 4.53 g/t gold over 44.9 metres (including 16.92 g/t over 8.6 metres), 20.02 g/t over 12 metres, 4.01 g/t over 13.2 metres, 15.74 g/t over 7.9 metres, 2.4 g/t over 32.1 metres, 9.5 g/t over 10.9 metres, 8.1 g/t over 8.2 metres (including 21.74 g/t over 3 metres), 3.22 g/t over 28.3 metres, 4.94 g/t over 64.8 metres and 5.99 g/t over 38.1 metres.
President/CEO Fred Stanford said, “We continue to be highly encouraged by the positive initial results of our ongoing 100,000 metre drilling program. A portion of the drilling is designed to expand the known deposits and determine the possible connection of the deposits near surface and at depth and a portion is designed to explore new exploration areas south of the Balsas River. The confirmation of the particularly high grade gold mineralized area within the Guajes East Deposit and the expansion of the deposit further to the west by at least 100 metres has potential to significantly enhance the overall mining economics of the Morelos gold deposits. We will continue testing this deposit to the west, south and south east and feel confident that further drilling will add more gold ounces to the property’s global resources north of the Balsas River, and will provide positive results in the new exploration areas south of the river.”
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or Gabriela Sanchez
VP Investor Relations
by Ted Niles