Torque Metals Expands Paris Gold Zone with High-Grade Hits and Fast-Tracked Exploration Plans

Torque Metals (ASX: TOR) has materially extended the gold footprint at its flagship Paris project near Kalgoorlie with a series of high-grade assay results from recent drilling.

New intercepts have defined a 400-metre corridor of mineralisation between the Paris and Observation prospects, with results including 16m at 3.36 grams per tonne gold from 72m and 20m at 1.86g/t from 104m.

The company said the growing Paris corridor remains open in all directions and represents a potentially large-scale gold system.

High-Grade Corridor

The Paris-Observation mineralised trend is part of a major structural zone extending through Torque’s wholly-owned tenements along the Boulder-Lefroy Fault Zone.

Recent reverse circulation (RC) drilling at the Carreras and HHH prospects returned further positive results, including 5m at 3.91g/t gold and 5m at 3.39g/t gold.

Managing director Cristian Moreno said these intercepts indicate a system of scale.

“The delineation of a 400m high-grade mineralised corridor, with mineralisation open in all directions, suggests the potential for a significantly larger system than previously understood.”

Extensional Drilling Underway

An ongoing RC drilling campaign is targeting step-outs along the Paris trend and infill zones between known prospects, with the company expecting updates this quarter.

Torque has completed 72 RC holes since March 2024 and is preparing for diamond drilling to support future resource modelling.

The company is also planning new geophysical and geochemical surveys to refine existing targets and identify additional areas of interest within the broader tenement package.

Paris Central to Company Strategy

Torque used its June quarterly update to reaffirm that the Paris project is its primary focus going forward.

The company is progressing early-stage mining and metallurgical studies at the project while maintaining active field operations to support continued discovery.

Torque’s tenement package spans 172 square kilometres in a region that hosts major gold mines including St Ives and Paddington.

Supported by strong structural controls and robust mineralisation, the company sees clear potential for Paris to evolve into a multi-deposit gold camp.

Review of Non-Core Assets

Torque is conducting a strategic review of the Jindalee lithium project to assess potential divestment or monetisation pathways.

No field work was conducted at the Bullfinch lithium project during the period, although third-party discussions remain ongoing.

Torque said it would continue to prioritise gold exploration and development activities within its Kalgoorlie tenement holding.

Mr Moreno noted that the company remains committed to maximising shareholder value through a focused and disciplined approach to asset development.

Strong Cash Balance

The company ended the June quarter with $4.3 million in cash, ensuring it remains fully funded for near-term drilling and resource studies.

Exploration and evaluation expenditure for the period totalled $1.35m, with administrative and staffing costs of $361,000, while payments to directors and related parties were $143,000 and limited to executive salaries and board fees.

Torque said its strong financial position would allow it to accelerate its exploration schedule and bring forward technical work to support resource growth and potential development scenarios.