Torex Gold Resources Inc. has announced that the ongoing drill program at the Company's Morelos Gold Project in Mexico continues to return positive results including the extension of the high grade gold mineralized area at the western end of the Guajes East deposit and the expansion of the Guajes East Deposit to the west. Step out drilling to the west of the deposit intersected high gr...

Torex Gold Resources Inc. announced today that step-out drilling on the El Limon deposit at the Company's Morelos Gold Project in Mexico has intersected high grade gold mineralization outside the known resource area and extended the deposit some 250 m to the east and 50 m to the west (e.g. T10-047C - 13.5 g/t Au over 7.5 m including 32.6 g/t Au over 3.0 m, T10-065C - 2.1 g/t Au over 19.5 m including 4.0 g/t ...

In a report raising their target for Torex Gold Resources Inc., analysts at Dundee Securities stated that exploration at the Morelos Project in the Guerrero Gold Belt will be the value driver. “We believe there is no shortage of attractive targets to test at Morelos, including the strike and depth extensions of the known deposits along with multiple early stage prospects that have seen only limited work t...

Torex Gold Resources Inc. plans to significantly increase the exploration program at its 100% owned Morelos Gold Project in Mexico. Torex currently has five drill rigs operating on the property and plans to increase that number to a total of eleven drill rigs by early in 2011. The total meterage for the Company's initial drill program on the Morelos property will increase from the planned 56,500 meters to ...

Goldcorp Inc. recently announced that it had entered agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. The total purchase consideration of $500 million, consisted of $275 million in cash, $175 million of Mala Noche common shares valued at the...