NEWS Release...HIGH GRADE Intercept Torex Gold drills 47.37 m of 6.17 g/t Au at El Limon
January 19, 2012 06:00 ET
Torex Step-Out Drilling Continues to Add to the Global Resource With High Grade Intercepts
TORONTO, ONTARIO--(Marketwire - Jan. 19, 2012) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG) is pleased to report numerous high grade gold intercepts at its El Limon deposit. These step-out drill results extend the known mineralization to the east and west of the El Limon deposit and defined several areas requiring additional step-out drill testing, which will be conducted over the next four weeks. The 2011 drill program north of the Balsas River was extended into 2012 and is expected to be completed within the next four weeks. The very successful results of the 2011 drill program on all three known deposits north of the Balsas River will be combined with previous drill results to allow the preparation of new 'North of the Balsas River' resource estimates, which are expected to be completed in late March of this year.
"The final stages of the 2011 drill program have produced some of the best drill results on the property to date. These results continue to confirm the high grade nature of our gold deposits and their large size potential. The three known gold deposits north of the Balsas River wrap around the northern portion of the large circular granodiorite intrusion that covers a significant portion of the property. Much of the 2012 drill program will be conducted to test for similar styles of gold mineralization around the edge of the granodiorite intrusion situated south of the Balsas River" said Fred Stanford, President & CEO of Torex. "2012 is shaping up as an interesting year as we ramp up the exploration program to explore for economic gold mineralization to the south of the Balsas River, and as we push forward on all fronts toward the development of the Morelos Gold Mine." he added
link to full release and maps: https://www.marketwire.com/press-release/torex-step-out-drilling-continues-add-global-resource-with-high-grade-intercepts-tsx-txg-1608526.htm
To view a map of Figure 1 (El Limon), please visit the following link: https://media3.marketwire.com/docs/txg-fig118.pdf
To view Table 1 (El Limon Deposits), please visit the following link: https://media3.marketwire.com/docs/txg-tab1.pdf