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 grade gold mineralization outside the known resource area and extended the deposit some 100 m (e.g. T10-049C – 4.5 g/t Au over 48.8 m, including 16.9 g/t over 8.6 m, T10-079C – 20.0 g/t Au over 12.0 m, and 2.8 g/t Au over 11.1 m, and 5.63 g/t Au over 7.4 m). In addition, in-fill drilling also encountered high grade gold values over significant interval lengths (e.g. T10 -100C – 6.0 g/t Au over 38.1 m, including 24.8 g/t Au over 3.0 m, T10-74C – 4.9 g/t Au over 64.8 m and 5.0 g/t Au over 17.6 m and expands the previously known high grade gold mineralized area within the Guajes East deposit. All three deposits north of the Balsas River remain open in several directions and the ongoing detailed drill program is designed to grow the global resource and add significant new ounces with step out boreholes and to upgrade the known resource with in fill boreholes.
Fred Stanford, President and CEO of Torex stated “We continue to be highly encouraged by the positive initial results of our ongoing 100,000 m 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.” Mr. Stanford added, “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 100m 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.”
Another example that Mexico’s golden track record continues is found in the recent announcement by Newstrike Capital, a gold-silver focused explorer. Newstrike Capital has recently announced assay results for the first eight holes from the Company’s drill program at the 100%-owned Ana Paula Project, Guerrero Gold Belt, Mexico. including 214 metres of 3.0g/t gold.
To see Torex’s deposit tables, click here.