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Torque Metals has reported new high-grade gold intersections at its Ritz project in Western Australia, including 1.1m at 89.64 grams per tonne (g/t) gold from drilling outside the existing mineral resource at the HHH deposit.
The intersection, recorded from 308.7m in diamond drill hole 26HRCDD179, included a narrower interval of 0.2m at 398g/t gold. Further drilling at HHH returned 4m at 9.74g/t gold from 378m, including 1m at 30.03g/t gold. The latter result was recorded approximately 80m down-plunge from a previously reported intersection of 8.9m at 17.50g/t gold, extending the depth of drilling-confirmed mineralisation at the deposit.
Torque managing director and chief executive officer Craig Jones said the results supported further investigation of the main west-plunging gold zone.
“Our ongoing drilling, supported by DHEM surveys, is progressively improving our understanding of the mineralised system and helping us refine our targets for further resource growth,” he said.
The HHH deposit currently hosts a mineral resource of 73,000 ounces of gold, with the latest intersections located outside the existing resource estimate.
Torque is planning further drilling along the mineralised trend and additional downhole electromagnetic surveys to refine targets for resource expansion.
Elsewhere at Ritz, drilling at the Paris deposit returned 12m at 2.20g/t gold from 47m, including 2m at 8.45g/t gold. Regional exploration at the Koolie prospect, within the Maynards Corridor, also returned 2m at 12.17g/t gold from 31m.
The company said the Koolie results were part of a broader program targeting areas that had not been extensively explored for more than three decades.
“We are seeing encouraging results from our broader exploration activities, including shallow gold intersections at Paris and further evidence of a prospective gold system at Koolie within the Maynards Corridor,” Jones said.
“These results highlight the opportunities that exist beyond our established deposits and reinforce our belief that Ritz has considerable untapped exploration potential.”
Torque is preparing to expand exploration following its recent $25 million capital raising, with two drill rigs operating at Ritz and plans to deploy a third. The additional drilling capacity will support exploration across the Maynards and Strauss corridors, while growth drilling continues at HHH and Observation.
Jones said the funding would allow the company to accelerate its regional exploration program.
“Importantly, with our recent $25 million capital raising completed, we are now well positioned to accelerate our exploration strategy,” he said.
“With two rigs currently operating at Ritz, we are also in the process of deploying additional drilling capacity to expand our regional discovery programs, particularly across the Maynards and Strauss corridors.”
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