Torex Gold Resources Inc TSX:TXG announced assay results from the Guajes West Deposit of its Morelos Gold Project in Mexico. Highlights include 2.52 g/t gold over 8.3 metres, 2.62 g/t over 31 metres (including 13.22 g/t over 3 metres), 15.03 g/t over 13.1 metres (including 32.66 g/t over 5.5 metres), 2.63 g/t over 10.7 metres, 2.21 g/t over 20.3 metres, 9.8 g/t over 5.2 metres (including 30.63 g/t over 1.5 metres), 8.54 g/t over 11 metres (including 21.27 g/t over 3 metres), 3.25 g/t over 24.5 metres, 6.37 g/t over 20.4 metres and 4.2 g/t over 13.3 metres.
President/CEO Fred Stanford remarked, “We are very encouraged that the initial drill results from the Guajes West deposit clearly indicates that the mineralization is open to the northeast toward the Guajes East deposit. If these two deposits connect, it will provide for economies of scale in potential future mining operations. The three Morelos deposits; El Limon, Guajes East and Guajes West remain open in several directions and these new results continue to show the potential to expand the global gold resource at our Morelos Gold Project and meet our internal goal to bring the measured and indicated resources north of the Balsas River to five million ounces of gold. Once drilling activities resume, a focus of our exploration team will be to further drill test the area between Guajes East and Guajes West. We continue to work with federal, state and local authorities to establish sustainable internal and external security measures that will ensure the safety of our employees and assets and permit us to start up our drill programs as soon as possible.”
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or Gabriela Sanchez
VP Investor Relations
by Ted Niles