I almost fell out my chair when I got this news today, after the market closed. WOW!!!
No one should sell this company's shares. I mean, absolutely not!
Torex Gold Continues to Expand Its Resources! There is no stopping them! There is more infill drilling next year (2023) to better confirm these latest, most spectacular results!
Torex Gold Reports Impressive Results From Ongoing Drilling at ELG Mine Complex
December 5, 2022
TORONTO, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to report positive assay results from step-out and infill drilling at El Limn Sur, which is targeting underground mineralization below the existing open pit as well as incremental open pit mill feed. The latest drill results support the Company’s strategic priority of optimizing and extending production and cash flow from the El Limn Guajes (“ELG”) Mine Complex.
Jody Kuzenko, President & CEO of Torex, stated:
“Drilling below the El Limn Sur open pit has validated the mineralized potential of this steeply dipping zone, named El Limn Sur Deep. This potential new underground mining front is in addition to the potential mining front identified earlier this year at Sub-Sill South. Drilling at El Limn Sur Deep returned multiple impressive intersects, including 163.5 grams per tonne gold (“g/t” Au) over a core length of 4.5 metres (“m”) and 166.9 g/t Au over 3.8 m, both within a broader intersect of 87.6 g/t Au over 16.0 m; 107.6 g/t Au over 3.0 m within a broader intersect of 25.3 g/t Au over 22.8 m (including 122 g/t silver and 3.45% copper); 15.2 g/t Au over 9.9 m; and 8.1 g/t Au over 18.7 m..."
Table 1: Key highlights from recent drilling at El Limn Sur
| Drill Hole¹ | Area | Program | From
(m) | To
(m) | Core
Length
(m) | Au
(g/t) | Ag
(g/t) | Cu
(%) |
| LS-109 | Underground | Step-out | 154.04 | 170.00 | 15.96 | 87.60 | 15.4 | 0.15 |
| | including | | 154.04 | 158.50 | 4.46 | 163.51 | 21.5 | 0.03 |
| | including | | 166.18 | 170.00 | 3.82 | 166.94 | 22.8 | 0.20 |
| LS-112 | Underground | Step-out | 94.65 | 117.46 | 22.81 | 25.31 | 122.1 | 3.45 |
| | including | | 108.12 | 111.12 | 3.00 | 107.63 | 258.9 | 6.18 |
| LS-180 | Underground | Step-out | 135.48 | 156.00 | 20.52 | 9.49 | 62.8 | 0.21 |
| | including | | 135.48 | 140.00 | 4.52 | 21.04 | 12.7 | 0.21 |
| LS-072 | Underground | Infill | 25.28 | 44.00 | 18.72 | 8.10 | 23.8 | 0.95 |
| LS-104 | Underground | Step-out | 56.03 | 65.93 | 9.90 | 15.19 | 43.5 | 0.56 |
| LS-082 | Open Pit | Infill | 22.40 | 40.25 | 17.85 | 13.39 | 1.7 | 0.04 |
| | including | | 36.00 | 38.25 | 2.25 | 90.05 | 4.0 | 0.04 |
| LS-073 | Open Pit | Infill | 27.67 | 35.37 | 7.70 | 22.99 | 8.4 | 0.18 |
| LS-076 | Open Pit | Infill | 70.34 | 74.33 | 3.99 | 43.24 | 25.0 | 0.09 |
https://torexgold.com/news-and-media/news/torex-gold-reports-impressive-results-from-ongoing-4850/ We had a crazy sell-off today in the overall market, except in China, of course!
These days, good news is bad! LMAO!
The economy is stronger (good economic data!), so the market thinks that inflation will continue to get worse and the Fed will have to raise rates, even more! And that will kill the good times, already here!
At least they believe this today. Anticipation of the worst by shareholders makes companies believe that they need to run, a very mean machine! Fire some employees! Save some bread!
That should impress shareholders, so they won't sell?
But nevertheless, the market sells everything down! These are crazy days but this insanity can't last too long?
A recession is coming? How long do we have to wait?
Many companies are unloading some excess fat in the upper echelons of their business enterprise. So what? Why keep deadwood lying around?
It saves money to run a lean and mean ship! Most small private companies, already know this! They have always planned well, how to survive!
Besides, any creative and intelligent persons, with a good skill set, are very much in demand. They will not be unemployed, for any length of time.
Torex Gold shares sold off today but fared, much better than most!
Today I'm really impressed with the latest Torex drilling results!
If this kind of result was released by a junior explorer, its shares would probably jump by at least 20%!
This company really knows what it is doing. And it really has the goods!
Hold on to your hat!
All the best! Java