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Torex Gold Resources Inc TORXF


Primary Symbol: T.TXG

Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in exploration, development, and operation of its Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company’s El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit.


TSX:TXG - Post by User

Post by drunk@noonon Mar 17, 2024 10:12am
95 Views
Post# 35937132

I haven't been impressed with the drilling results from

I haven't been impressed with the drilling results from the rest of their property to enhance what they have in the bank for Media luna.  The reuslts would be imprssive if it was near surface, but it seems it will have to be accessed underground, as most of the drill resuts are hundreds of meters in depth. i.e 5 meters width at 4% is fine if it's part of an open pit, but when it's 500 meters underground, it's a different story. They have benn yapping about the fact only 1/3 of their landbased has been explored for years and now we've had a couple of years of more agressive drilling, and while they have had some half decent resutls, their has been nothing impressive and this is important as media luna  current reserves don't support  20 year s of 300,000 plus gold equivalent production. Hopefullly the deep can contribute 80-100,000 for 10 years of so, as media luna is alot heavier on the copper side, which has to move to the 4.5 dollar range to hold the same equivalent ratio they have been isising in their gold equivalent calcs. 1700 gold and 3.5 copper. Now gold is at 2150 and until a week or two ago copper was 3.80.... the move to 4.10 helps, but we need 4.50 lb for the ratio to remain consistent
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