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Torque Metals Ltd. ( (AU:TOR) ) has provided an update.
Torque Metals Ltd. has reported promising results from its recent drilling activities at the HHH deposit in Western Australia, part of the Paris Gold Camp. The company has successfully intersected high-grade gold mineralization, including a notable 5 meters at 15.2 grams per tonne of gold. These results confirm the potential of the HHH deposit to extend the known mineralization further, with ongoing exploration efforts guided by downhole electromagnetic surveys. Torque Metals is well-funded to continue its resource extension drilling, which could significantly enhance its resource base and strengthen its position in the gold mining sector.
The most recent analyst rating on (AU:TOR) stock is a Buy with a A$0.55 price target. To see the full list of analyst forecasts on Torque Metals Ltd. stock, see the AU:TOR Stock Forecast page.
More about Torque Metals Ltd.
Torque Metals Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in the exploration of gold deposits, primarily within the Paris Gold Camp in Western Australia.
Average Trading Volume: 2,191,420
Technical Sentiment Signal: Buy
Current Market Cap: A$129.9M
For an in-depth examination of TOR stock, go to TipRanks’ Overview page.