Torex Gold Resources Inc TSX:TXG announced results from its Morelos Gold Project in Mexico. Assays include 2.96 g/t gold over 7.7 metres, 6.99 g/t over 6 metres. 3.5 g/t over 22.9 metres, 1.86 g/t over 14.5 metres, 1.29 g/t over 64.5 metres, 1.35 g/t over 19.4 metres, 32.28 g/t over 38.9 metres (including 254.42 g/t over 3.1 metres), 2.19 g/t over 15 metres, 5.31 g/t over 42 metres and 5.91 g/t over 23.9 metres (including 13.3 g/t over 6.5 metres).
President/CEO Fred Stanford said, “Our ongoing 100,000-metre drilling program continues to provide very positive drill results including the intersection of 32.29 g/t over 38.9 metres within the high grade portion of the Guajes East deposit. The expansion of the Guajes East deposit to the south and east is particularly encouraging as our current plans, pending a positive feasibility study, are to initiate mining from an open pit at Guajes East and the expansion in this area has potential to increase early production volumes from high grade, near surface resources. In addition, the continued success at the western end of the Guajes East deposit adds additional confirmation of the previously reported high grade zone. We expect that as we continue to expand and test the possible connections near surface and at depth of our three deposits north of the river, we will significantly increase the number of ounces of gold in our next resource estimates, which are expected to be completed and announced in Q3 2011.”
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or Gabriela Sanchez
VP Investor Relations
by Ted Niles