Torque Metals

Torque Metals Managing Director Cristian Moreno recaps yesterday's announcement of a stunning 15m @ 12.57 g/t gold intercept at the Paris Gold Project (Paris Deposit), as the Company seeks to extend mineralisation beyond the current resource bounds. In addition, he provides insight into the ongoing strategy and what's in the works next for Torque. One thing that's clear? There are certainly no signs of the Company slowing down anytime soon. Missed the announcement? Read it here: https://lnkd.in/gCmmU8N6 #Gold #GoldNews #ASX #ASXNews #Au #GoldExploration #GoldDiscovery #Exploration #ParisGoldProject #TOR #TorqueMetals

As reported by DrillResults.com: 'Torque Metals Hits 15m @ 12.57g/t Gold at Paris Project, Western Australia.' The completion of 7,416m of RC drilling across 39 holes at the Paris deposit within the greater Paris Gold Project continues to deliver strong grades. Today’s results hail from the second batch of assays from 9 holes, (following first batch assays from 17 holes) delivered at the end of October. Namely, the high-grade intercept of 15m @ 12.57g/t Au from 215m in hole 24PRC160 represents a significant extension of known mineralisation beyond the current Mineral Resource boundaries. This result, along with the previously reported 7m @ 7.92g/t Au from 216m in hole 24PRC148, indicates a thick, high-grade gold structure with strong continuity. The gentle dip of the newly discovered lode suggests potential for more accessible and cost-effective mining compared to steeper lodes. Intercept continuity and grade highlights the potential to expand the resource base and improve the overall grade profile of the project. The Company is awaiting results from the remaining 13 holes of this campaign, with results anticipated soon. #Gold #GoldNews #GoldExploration #GoldExplorer #Exploration #ExplorationNews #GoldDiscovery

#ASXANNOUNCEMENT: 15M @ 12.57G/T GOLD INTERCEPTED AT PARIS Torque Metals is pleased to announce second batch assay results from its latest RC drill campaign at the Paris Gold Project have confirmed a new, continuous gold lode beyond the existing mineral resource extents. HIGHLIGHTS: - New gold zone confirmed at depth – two holes have identified a high-grade, continuous mineralised lode. - Best result received to date: 15m @ 12.57 g/t gold from 215m (vertical depth: 176m) in hole 24PRC160. - Previous result from the same lode delivered: 7m @ 7.92 g/t gold from 216m (vertical depth: 165m) in hole 24PRC148, within an interval of 15m @ 3.85 g/t gold from 216m. - Additional drill results from other lodes include: 5m @ 2.37 g/t gold from 152m (vertical depth: 124m) in hole 24PRC125. 4m @ 1.77 g/t gold from 64m (vertical depth: 52m) in hole 24PRC157. - Torque expects further results in coming weeks from the remaining 13 RC holes (~2,382m of drilling). - Metallurgical test work on core recovered from Paris in the works. Results expected in November.   Managing Direcotor, Cristian Moreno commented: “New opportunities keep emerging at the Paris Deposit, with recent results revealing additional mineralised zones in previously untested areas. Torque’s technical team is strategically extending mineralised boundaries beyond the Mineral Resource Estimate of 250,000 Oz @ 3.1g/t gold with the robust gold-mineralised lode east, west, and new discovered southward down plunge. Our focus is clear: expand mineralisation beyond current resource boundaries, upgrade Inferred resource blocks to Indicated and explore high-potential regional targets with strong gold-in-soil anomalies and historical drill intercepts. Torque is committed to rapidly advancing these discoveries to unlock the deposit’s full potential while evaluating multiple options to commercialising Paris open-pit resource.” #ASX #ASXNews #TOR #Gold #GoldNews #GoldExploration #GoldDiscovery

Demand for #gold continues its rise, with an investor rush (dubbed a 'fear of missing out') helping the commodity price to grow 34% over the course of the year. This demand has translated to the dollar value of global demand surpassing US$100bn for the first time, within the last Quarter. All amid concerns about global conflicts, central bank diversification from the US dollar and western economies beginning to cut interest rates. Yesterday, this reflected in a new #Au price high of US$2788 a troy ounce. Against this backdrop, #TorqueMetals is developing its Paris Gold Project - a high-grade, shallow hosted gold resource - in a favourable operating jurisdiction neighbouring the likes of #GoldFields, #NorthernStarResources #Westgold #MineralResources and #Red5Limited. Get the full rundown on gold's growth via: https://lnkd.in/gPGPweWz #CommodityPrices #GoldPrices #GoldMarket #GoldDemand #GoldValue #GoldProject #GoldExploration #ParisGoldProject

MEET WITH TORQUE METALS AT IMARC 2024 Torque Metals will be attending the International Mining and Resources Conference (IMARC), on Oct 29-31 at the International Conference and Exhibition Centre in Sydney. If you're attending, be sure to stop by stand M202 during the conference to connect with the team! Additionally, Cristian Moreno will be participating in the Mines and Money @ IMARC 2024 Pitch Battles. He'll be taking the stage on Day 2 for Heat #2, kicking off from 1:00PM AEST. Investors can register to the conference via: https://lnkd.in/gTn9pWzz #IMARC #IMARC2024 #Mining #MiningConference #TOR #TorqueMetals #Gold #GoldExploration

#ASXNEWS Torque Metals is pleased to provide an update for the three months ending 30 September 2024. Strong advancements were made at the Paris Gold Project on the exploration front, with the Company having commenced Phase 8 Drilling; an ~8,000m (~1,000m Diamond, ~7,000m Reverse Circulation) in-fill and extensional campaign, focused on the Paris and HHH deposits. A first iteration of results delivered from the diamond drilling component of this campaign indicated significant assay results, demonstrating mineralisation extending up dip into shallower zones. In tandem with drilling activity, the Company successfully defined a mineral resource estimate (MRE) of 250,000 ounces @ 3.1g/t Au, incl. 152,000 ounces @ 4.3g/t Au in the Paris deposit. Read the full report below, or download here: https://lnkd.in/gytyde6Q #QuarterlyReport #QuarterlyActivities #TOR #TorqueMetals #ASX

ICYMI: PARIS RESOURCE UPGRADE LOOKS TO BE ON THE CARDS AS DRILLING EXTENDS GOLD ZONE - via Stockhead. Partial results from the Torque's latest 7,416m extensional Reverse Circulation drill campaign - targeting the Paris deposit - has confirmed that Project mineralisation remains open. Having recorded hits including an impressive 7m @ 7.92g/t gold, there is strong indication of the potential to grow our current 250,000oz resource. We're currently awaiting assays from remaining extensional holes drilled in the campaign; in addition to metallurgical testing of core samples. Results on both fronts are expected in coming weeks. Data from these programs will contribute towards a scoping study focused on higher confidence indicated resources at the project. Existing resource classification upgrades are also on the horizon, with plans to carry out infill drilling within the infill resource zones. #TOR #TorqueMetals #ASX #ASXNews #Gold #GoldNews #GoldExploration #GoldResults #Stockhead #RCDrillling

#ASXANNOUNCEMENT: DRILLING RESULTS FROM PARIS GOLD PROJECT ~Gold Zones expanded beyond the Mineral Resource Estimate of 250,000 Oz of Gold @ 3.1 g/t. Torque Metals is pleased to announce partial results from its RC drill campaign and results from two final Diamond holes at the Paris Gold Project in the West Australian Goldfields. Strong grades continue to be received, with assay results returned from most recent RC extensional drilling program at the Paris deposit, with best results including: - 4m @ 1.37 g/t gold from 91m and 2m @ 1.8 g/t gold from 98m and 8m @ 4.72 g/t gold from 134m in hole 24PRC123, including 4m @ 9.15 g/t gold from 136m. - 7m @ 7.92 g/t gold from 216m in hole 24PRC148, within an interval of 15m @ 3.85 g/t gold from 216m. - 9m @ 2.37 g/t gold from 136m in hole 24PRC151 including 2m @ 9.29 g/t gold from 140m. - 2m @ 1.27 g/t gold from 69m and 4m @ 1.24 g/t gold from 79 and 5m @ 1.02 g/t gold from 139m in hole 24PRC130. Results demonstrate mineralisation is open, extending down-dip and up-dip into shallower zones and demonstrably increases the gold inventory beyond the recently released Paris MRE. A single diamond hole at HHH deposit replicated previous shallow gold distribution with 8.85m @ 1.88 g/t gold from 66.8m in hole 24DHHH004. A diamond hole at Paris deposit delivered strong grades such as 9.12m @ 2.39 g/t gold from 224.7m in hole 24PDD006. Torque expects further Paris results in the coming weeks from the remaining 22 RC holes (~4,300m of drilling). Metallurgical test work on core recovered from Paris has commenced. Results expected in November. Managing Director, Cristian Moreno commented: "Delivering the recently defined Mineral Resource Estimate of 250,000 Oz @ 3.1 g/t gold at the Paris Gold Project has undoubtedly been a significant achievement for Torque Metals and as ongoing drilling activity indicates Torque is well on the path to expand the gold inventory of this high-quality asset. Our objectives are to extend mineralisation beyond the current resource boundaries, to upgrade MRE Inferred resource blocks to Indicated and explore regional targets, outside MRE area, that are exhibiting strong gold-in-soils anomalies and historical drilling intercepts. With the outstanding results we continue to report – such as 8m @ 4.72 g/t gold in hole 24PRC123 and 7m @ 7.92 g/t gold in hole 24PRC148, within an interval of 15m @ 3.85 g/t gold – Torque is highly confident the Paris Gold Project is poised for growth in resources." #TOR #ASXNews #TorqueMetals #Gold #GoldMineralisation #GoldMining #GoldExploration #GoldNews

Torque Metals is pleased to share a commissioned Company Research Report developed by Terra Studio, highlighting key competitive advantages of our Paris Gold Project. This publication shares commentary on Company/Project benchmarking, the #ParisGoldProject exploration upside, assumptions on small mines developments, toll treating developments (comparative) and a toll treating development case for the Paris Gold Project itself. Access the document below. #Torque #TOR #TorqueMetals #TerraStudio #Development #MineDevelopment #GoldMine #GoldMining #Gold #GoldNews

The gold price has today tipped more than A$4,000/oz, marking an incredible 29% increase over the course of the year. Most recently, rate-cut optimism has been fuelling gains; but purchases by central banks, as well as haven demand, amid ongoing conflicts in Ukraine and the Middle East, have additionally factored into the robust price. With a freshly minted 250,000 Moz @ 3.1g/t Au Mineral Resource Estimate (MRE) - and drilling results inbound - at our Paris Gold Project, Torque Metals is pleased to see this strong performance. Learn more about our MRE: https://lnkd.in/gZD2DtwX #Gold #GoldPrice #TOR #TorqueMetals #GoldMining #GoldNews #GoldExploration #MineralResourceEstimate