Paris Gold Project Targets 250,000oz Resource Expansion with 6,500m Drilling

Drilling Campaign Kicks Off

Torque Metals Limited (ASX, TOR) has commenced a significant reverse circulation drilling campaign at its wholly owned Paris Gold Project in Western Australia. The program, spanning approximately 6,500 metres, aims to methodically test multiple Down Hole Electromagnetic (DHEM) conductors that have been identified adjacent to confirmed high-grade gold zones. This initiative represents a strategic push to expand the current Mineral Resource Estimate (MRE) of 250,000 ounces of gold.

Innovative Use of DHEM Technology

Central to this campaign is the use of DHEM surveys conducted in every drill hole. This technique is particularly effective at detecting conductive sulphide minerals such as pyrrhotite, which are closely linked to gold mineralisation at Paris. By systematically tracking these sulphide-rich structures, Torque aims to refine targeting and identify extensions of mineralisation with greater precision, reducing wasted drilling metres and accelerating resource growth potential.

Strategic Financial Arrangement

To manage costs efficiently, Torque has entered into a drill-for-equity agreement with Topdrill Pty Ltd. Under this arrangement, up to 50% of Topdrill’s invoiced drilling costs can be settled in ordinary shares, subject to a six-month escrow. This structure helps conserve Torque’s cash reserves, which currently stand strong following recent option exercises that raised approximately $960,000, comfortably funding the estimated $550,000 drilling program.

Regional Exploration Upside

While the current drilling focuses on a 4km strike length of the Paris deposit, the broader project area covers an extensive 57km strike within a highly prospective greenstone belt. This region remains largely underexplored, presenting substantial upside for new discoveries. The Paris Gold Project is strategically located near major gold producers such as Westgold’s Beta Hunt and St Ives Goldfields, underscoring its potential significance within the regional gold landscape.

Looking Ahead

Torque’s Managing Director, Cristian Moreno, emphasised the importance of this campaign in unlocking the project’s scale potential. With DHEM surveys integrated into every hole and a robust drilling plan, the company is poised to rapidly expand its mineral resource base. The drilling program is expected to take about one month to complete, with results eagerly anticipated by investors and industry watchers alike.