Torque Metals Ltd (ASX:TOR) managing director Cristian Moreno joins Proactive’s Tylah Tully to discuss the company’s maiden mineral resource estimate (MRE) of 250,000 ounces of gold at its Paris Gold Project in Western Australia's Goldfields.
The MRE totals 2.518 million tonnes at a grade of 3.1 grams per tonne (g/t) gold and includes resources from the Paris, HHH and Observation deposits. Notably, 22% of the Paris deposit resources are classified as "Indicated" under the JORC classification, with high recoveries exceeding 96%.
The resource includes both open-pit potential (190,000 ounces at 2.9 g/t gold) and underground potential (60,000 ounces at 3.8 g/t gold), supported by the near all-time high gold price of US$2,599 per ounce. To date, only 2.5 square kilometres of the project’s large 57-kilometre strike length have been explored.
Moreno highlighted the potential for expansion, with gold already identified outside the current MRE area. The company plans to further explore untested targets within the resource area and assess the project's toll-treat value proposition through a scoping study.
Torque Metals also aims to continue drilling within its tenements near world-class deposits like Invincible and Beta Hunt.