Torque Metals Launches Major Drilling Push at Paris Gold Project
Torque Metals has kicked off a fully funded 6,500-metre drilling campaign at its Paris Gold Project in Western Australia, aiming to expand its 250,000-ounce gold resource by targeting high-grade zones identified through advanced electromagnetic surveys.
- 6,500m RC drilling program underway targeting high-grade gold zones
- Use of Down Hole Electromagnetic (DHEM) surveys in every hole to refine targets
- Current resource estimate stands at 250,000 ounces of gold at 3.1 g/t
- Drill-for-equity agreement with Topdrill supports cost-effective drilling
- Paris Project covers 57km strike in a highly prospective greenstone belt
Drilling Commences at Paris Gold Project
Torque Metals Limited (ASX – TOR) has officially begun a significant reverse circulation (RC) drilling campaign at its wholly owned Paris Gold Project in Western Australia. The program, spanning approximately 6,500 metres, is designed to systematically test multiple high-priority targets identified through recent geophysical surveys. The first hole is currently being drilled to a depth of up to 370 metres, focusing on Down Hole Electromagnetic (DHEM) conductors that coincide with known high-grade gold mineralisation.
Innovative Targeting with DHEM Technology
Torque’s recent trial of DHEM surveys has proven instrumental in pinpointing extensions of gold mineralisation associated with pyrrhotite-rich sulphide zones. By integrating DHEM surveys into every drill hole, the company aims to refine its targeting approach and potentially uncover blind mineralised zones that have eluded previous exploration efforts. This method offers a direct and efficient way to vector towards gold-bearing sulphides, potentially accelerating resource growth.
Resource Expansion Potential
The Paris Gold Project currently holds a Mineral Resource Estimate (MRE) of approximately 250,000 ounces of gold at an average grade of 3.1 grams per tonne. The resource remains open in multiple directions, with the drilling program targeting extensions along strike and at depth. Notably, the project covers a 57-kilometre strike length within a greenstone belt that remains largely underexplored, presenting significant upside potential beyond the initial 4-kilometre focus area.
Strategic Partnerships and Financial Strength
Torque’s drill-for-equity agreement with Topdrill allows the company to maximise drilling metres while conserving cash reserves, which currently stand strong following recent option conversions. The fully funded program, budgeted at around $550,000, reflects Torque’s commitment to advancing the Paris Project efficiently. Managing Director Cristian Moreno highlighted the strategic importance of this campaign in systematically growing the project’s resource base.
Regional Significance and Future Outlook
Situated near major gold producers such as Westgold’s Beta Hunt and St Ives Goldfields, the Paris Gold Project benefits from its location within a prolific mineral province. Historical exploration has been limited, underscoring the potential for new discoveries. As drilling progresses and assay results emerge, Torque aims to broaden its exploration scope across the extensive strike length, potentially unlocking a substantial new gold inventory.
Bottom Line?
As drilling advances, Torque Metals stands poised to redefine the scale of its Paris Gold resource, with market eyes keenly awaiting assay results.
Questions in the middle?
- Will the ongoing drilling confirm extensions that significantly increase the current resource?
- How might the drill-for-equity arrangement impact Torque’s share structure if drilling success prompts further capital needs?
- What are the timelines for assay results and potential resource upgrades following this campaign?
