Paris Gold Project
PARIS GOLD PROJECT: A PREMIER ASSET IN WESTERN AUSTRALIA’S WORLD-CLASS GOLDFIELDS
Torque Metals’ 100%-owned Paris Gold Project forms the centrepiece of our South Kalgoorlie Gold Hub, representing an advanced, multi-lode, high-grade gold system in the heart of Western Australia’s Goldfields.
The project is located approximately 100km south of the major mining hub of Kalgoorlie and lies on the prolific Boulder-Lefroy Fault, approximately 25km southeast of Goldfields’ St Ives mining operation and 30km northeast of Westgold’s Higginsville operation, providing close proximity to key gold processing facilities in the region.
The Project hosts a current Mineral Resource Estimate of 250koz at 3.1g/t Au across three deposits – Paris, HHH and Observation.
All three existing deposits at Paris offers strong potential for ongoing Resource growth, with aggressive drilling programs underway to expand this Resource and increase geological confidence.
Beyond the known deposits, the Paris Project hosts 57km of strike within the prolific Boulder-Lefroy corridor, with less than 2% of this strike extent drill tested to date. The Project is known to host parallel gold-bearing shear zones, outlined by mapping and electromagnetics, with repeat structures identified. This provides a large number of walk-up drill targets within a district-scale geological footprint, providing outstanding potential for ongoing discovery success.
RESOURCE CLASSIFICATION BREAKDOWN AT THE PARIS GOLD PROJECT’S PARIS, HHH AND OBSERVATION DEPOSITS
Resource Classification breakdown for Paris Deposit includes:
- 284Kt @ 3.7g/t gold for 34,000 ounces (22%) classified as Indicated and 810Kt @ 4.5g/t gold for 118,000 ounces (78%) classified as Inferred.
Resource Classification breakdown for HHH Deposit includes:
- 97Kt @ 3.3g/t gold for 10,000 ounces (14%) classified as Indicated and 1048Kt @ 1.9g/t gold for 63,000 ounces (86%) classified as Inferred.
Resource Classification breakdown for Observation Deposit includes:
- 225Kt @ 2.7g/t gold for 19,000 ounces (76%) classified as Indicated and 54Kt @ 3.5g/t gold for 6,000 ounces (24%) classified as Inferred.
The Paris MRE is a shallow, high-recovery gold resource (>96%), with open-pit mining potential (190,000 ounces @ 2.9g/t open pit, 60,000 ounces @ 3.8g/t underground) based on a gold price of A$3,000/ounce.
The Paris MRE pertains to only 2.5km² tested of the 350km² area controlled by Torque, with mineralisation open in all directions, strong signs of linking structures and mineralisation identified both outside and next to resource area presenting strong potential for growth through further exploration.