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Torque Metals (TOR) has inked exclusive and binding option agreements with Abeh and associates to acquire 14 new tenements adjacent to its Paris Gold Camp in the WA Goldfields.

The Aussie benchmark ended 0.25% lower at the closing bell. It was low from the go. Lower at lunch. Still lower (dammit) after the 2.30pm rates decision, with those resources blue chips weighing.

Shares in junior gold explorer Torque Metals shot up to unprecedented levels today after the company revealed an exquisitely timed acquisition that could add new lithium, gold and nickel ground in Western Australia’s Eastern Goldfields.

Torque Metals (ASX:TOR) has signed exclusive binding and conditional option agreements to acquire 100% of a package of tenements located adjacent to the Paris Gold Camp in Western Australia. 

Torque Metals Limited (ASX: TOR) has signed an exclusive, binding, conditional option agreement to acquire 100% of an extensive and strategic package of tenements adjacent to the company’s Paris Gold Camp, with the expanded aggregate holdings to be renamed the Penzance Project.

Torque Metals Ltd (ASX:TOR) MD Cristian Moreno tells Proactive the company has signed an exclusive binding option deal to acquire an extensive and strategic package of tenements next to its Paris Gold Camp.

Torque Metals Ltd (ASX:TOR) shares were trading 180% higher intra-day, at 35 cents, after signing binding option agreements to acquire the New Dawn Lithium Project in the Western Australian Goldfields covering ~200 square kilometres adjacent to the Bald Hill lithium-tantalum operation.

Torque Metals is in prime position to capitalise on the reboot of one of WA’s most sought-after lithium mines, Bald Hill, with an exclusive option to secure lithium-bearing ground just 600m away.

Torque Metals MD Cristian Moreno tells Proactive that initial assay results from recent drilling at the company’s Paris gold camp have revealed high-grade gold mineralised zones at the Paris and Observation prospects.