Media Luna Resource Sensitivity Table (Company)

Media Luna Resource Sensitivity Table (Company)

Torex Gold (TXG:TSX) put out its highly anticipated maiden resource at its Media Luna target, south of the river at its Morelos gold project in Guerrero State, Mexico.  The company announced an initial inferred resource comprised of 39.9 million tonnes at 2.63g/t gold, 24.46g/t silver and 0.97% copper which equates to 5.84 million gold equivalent ounces or 3.3 million gold ounces.  This mineralization is contained within a single, continuous, strongly mineralized system, which remains open in multiple directions.   Torex has only drilled approximately 1/3 of the target area at Media Luna and with a new ZTEM survey flown over the property recently, the Media Luna target has a lot of room to grow.   Drilling has defined an area of mineralized skarn approximately 1.6km by 1.2km with thicknesses ranging from 4m to 70m.

Here’s the release: Torex Announces Maiden Media Luna Inferred Resource 5.84 Million Gold Equivalent Ounces

"Our strategy has always been to - "Get the first mine resource up to 5 million ounces, build it, and then find a second mine on the same property, and build that one as well". In the recent past, the exploration team delivered on the resource upgrade for the first mine. Today's results suggest that the team has also been very successful in finding a second major deposit. What they have found is a deposit that appears to have proportions comparable to some of the larger known skarn-hosted Au-Ag-Cu deposits.

Torex's Project Map (Company)

Torex's Project Map (Company)

The deposit was discovered by drill testing a portion of one of three large magnetic anomalies in the Media Luna Area. The portion that was drill tested represents approximately 30% of the 'traditional' area covered by those three magnetic anomalies. The entire property has recently been re-surveyed with ZTEM and newer magnetic technology. The early results indicate that the magnetic anomalies in the Media Luna Area may be larger than previously interpreted. This leaves open the potential for significant additions to the known mineralization at Media Luna that, with additional drilling, may support updated Mineral Resource estimates. Future exploration work in the Media Luna Area will be to drill test the unexplored portions of the magnetic anomalies… " said Fred Stanford, President & CEO of Torex.