Torque Metals has landed nearly $290,000 in non-dilutive WA government grants to fund advanced geophysical surveys and diamond drilling at its Paris Gold Project, aiming to expand its 250,000-ounce resource and unlock new gold discoveries.
- WA government grants total $287,530
- Funds target geophysics and drilling at Paris Gold Project
- Non-dilutive funding accelerates exploration and targeting
- Paris hosts 250koz gold resource with growth potential
- Diamond drilling planned at Strauss Prospect
Government Grants Validate Paris Gold Potential
Torque Metals (ASX:TOR) has secured two Western Australian Exploration Incentive Scheme (EIS) grants worth up to $287,530 to support its exploration push at the Paris Gold Project. This non-dilutive funding package, split between $142,530 for geophysics and $145,000 for drilling, underscores the WA Government’s confidence in the project’s prospectivity and the quality of Torque’s exploration strategy.
Managing Director Craig Jones highlighted the grants as a strong endorsement, noting they enable accelerated exploration in a capital-efficient way that maximises shareholder value. The Paris Gold Project, located in the Tier-1 South Kalgoorlie mining district, currently hosts a 250,000-ounce JORC-compliant resource with indications of further mineralisation along a 57-kilometre strike.
Airborne Geophysics to Refine Targets
The Co-funded Geophysics Program will see Torque deploy a modern airborne survey using UAVs (drones) to measure subtle magnetic and conductivity variations over key areas of the Paris project. This high-resolution data aims to refine structural models and identify extensions to known gold mineralisation, particularly beneath shallow cover or between existing drill sections. The survey includes diurnal-corrected Total Magnetic Intensity, Magnetometric Conductivity, and transient electromagnetic channels.
This initiative comes as Torque continues to build on recent successes, including high-grade drilling results extending mineralisation well beyond current resource boundaries, as detailed in recent high-grade drilling results and significant gold intercepts announcements.
Diamond Drilling Targets Strauss Prospect Extensions
The Co-funded Exploration Drilling Program will focus on the Strauss Prospect within the Paris Gold Project, where previous shallow drilling and soil sampling have highlighted priority gold targets. Diamond drilling is planned to test extensions to known mineralisation zones and under-explored areas east, west, and south of Strauss, providing high-quality core samples to better understand geological controls on gold mineralisation at depth.
The drilling campaign also aims to investigate geophysical conductive anomalies potentially linked to sulphide-bearing gold zones. Final drill hole locations and depths may be adjusted as new data emerges during planning, ensuring a targeted and effective program.
Paris Gold Project’s Resource Base and Growth Prospects
The Paris Gold Project’s current Mineral Resource Estimate totals approximately 2.5 million tonnes at 3.1 grams per tonne gold for 250,000 ounces, spread across the Paris, HHH, and Observation deposits. The project covers a 57-kilometre strike length within a 350 square kilometre greenstone belt, with strong structural linkages suggesting further discovery potential.
Torque’s aggressive growth strategy, backed by the recent appointment of the former Spartan Resources management team, is focused on expanding this resource base. The company’s ongoing multi-rig drilling campaigns have delivered thick, high-grade intercepts, with an interim resource update expected in Q2 2026, reflecting the dynamic exploration progress at Paris.
Bottom Line?
Torque’s government-backed exploration push at Paris could sharpen targeting and accelerate resource growth, but results and final drill plans remain to be seen.
Questions in the middle?
- How will the new geophysical data influence drill targeting and resource modelling at Paris?
- What impact will the Strauss Prospect drilling results have on the overall resource expansion?
- Could further non-dilutive funding opportunities arise as exploration advances?