Torex Gold Resources Inc. (TSX: TXG) has provided an update on the company’s ongoing drilling programme at ELG underground. The company’s ELG Underground exploration strategy is focused on expanding resources as well as extending and optimizing the life of ELG Underground well beyond 2026.
Jody Kuzenko, president & CEO of Torex, stated “We are excited about the latest assays from the drilling programme at ELG Underground as the high grade intercepts continue to validate the long-term potential of this evolving orebody. Importantly, as our understanding of the structural controls matures, so does our confidence in our ability to continue to replace reserves and resources and to significantly grow the overall mineral endowment of the ELG Cluster.
The company has stated that the infill drilling within ELG Underground continues to deliver outstanding results which support upgrading Inferred resources to the indicated category.
Additionally, advanced exploration drilling following up on high-grade intercepts previously identified yielded impressive results that highlight the potential to expand resources. The results reported confirm the associated structural corridors of the ELG Underground, including north-northwest trends referred to as Sub-Sill, El Limón Sur, and El Limón West as well as a northeast trend referred to as El Limón Deep.
“Our approach is to systematically drill and demonstrate the expansion of known ore shoots and target new mineralization through future exploration, all with a view to extending and enhancing the mine plan and further unlocking the significant cash generation capability of the Morelos asset.” Added Jody.
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