Help Desk -
9958816305, 9810335381
Email
Password

Torex Gold Extends Mineralization at El Limon Guajes complex in Mexico

Mining News - Published on Fri, 08 Nov 2019

Image Source: globenewswire.
Torex Gold Resources Inc announcesd results from the 2019 drill program at the El Limon Deep deposit, at the company's El Limon Guajes complex in Mexico. The 2019 program has been successful in extending mineralization 150 metres down-dip from current reserves as well as along strike to the south.

Highlights from the latest round of drill results include
15.6 g/t Au over 38.0 metres in LDUG-039
28.5 g/t Au over 5.8 metres in drill-hole LDUG-049
20.9 g/t Au over 12.0 metres in LDUG-056
15.7 g/t Au over 16.8 metres in LDUG-036

Mineralization at ELD remains open in multiple directions.

Fred Stanford, President & CEO of Torex Gold, said “These excellent results show the potential to extend the reserves down-dip and along strike to the south. The current reserves for ELD extend 150 metres down-dip. Extending the mineralization for another 150 metres down-dip has the potential to materially extend the mine life of ELD. The mineralization is still open at depth, and this opportunity will be drill tested in 2020. The current average reserve grade of ELD is 5.5 g/t. Many of the down-dip intersections are considerably above that grade. The deposit appears to be steepening at depth, which bodes well for low cost bulk mining techniques. We also tested for extensions along strike. The low-grade intersections shown in Figure 3 indicate that we found the northern limit of the strike extension at depth. We are unlikely to mine that area. The deposit remains open along strike to the south. The last three holes in Table 2 were targeting the Sub-Sill deposit, but also intersected the El Limon skarn above the sill.”

Source :

Posted By : Yogender Pancholi on Fri, 08 Nov 2019
Related News from Mining segment