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Torque Metals Ltd. ( (AU:TOR) ) has provided an update.
Torque Metals Ltd. has identified and modeled fifteen Down-Hole Electromagnetic (DHEM) conductor plates at its Paris Gold Project, indicating significant growth potential. These plates, associated with high-grade pyrrhotite-rich gold mineralization, suggest the possibility of expanding the current mineral resource estimate both north and south. The discovery of these conductors validates Torque’s exploration strategy and highlights the potential for a larger, structurally controlled gold system, which could have substantial implications for the company’s resource expansion and industry positioning.
More about Torque Metals Ltd.
Torque Metals Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and developing high-grade gold mineralization projects, primarily in the Western Australian Goldfields.
Average Trading Volume: 1,324,029
Technical Sentiment Signal: Buy
Current Market Cap: A$129M
For detailed information about TOR stock, go to TipRanks’ Stock Analysis page.