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Torex Gold Resources Inc T.TXG

Alternate Symbol(s):  TORXF

Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in the exploration, development, and operation of its 100% owned 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

Bullboard Posts
Post by dancheon Nov 03, 2011 9:30am
408 Views
Post# 19205076

Scotia Why we believe Torex is a takeout

Scotia Why we believe Torex is a takeout

Why We Believe Torex is a Takeout

In addition, to the high-grade 3.0 million ounce resource that appears to keep growing north of the river, we like Torex for the following reasons::

350,000 oz of annual production - The Morelos project would move the

needle for any mid-tier producer and could be relevant foreven bigger

companies if blue sky potential comes in.

Virgin territory "south of the river" - Skarn alteration crosses the river and

continues wrapping around the hillside to the east. As shownin Exhibit 1, this

undrilled target is well defined by geochemical sampling anddisplays the

same signature where drilling has defined 3.0 million ouncesto date. With

success here, 10 million ounce potential is not an unreasonable assumption, in

our view.

Infrastructure, skills and supplies - In central Mexico,Morelos is located a

phone call away from services and material

Bullboard Posts