Torex finds new high-grade gold zones near Media Luna

Torex Gold Resources (TSX: TXG) claimed brand-new exploration near its Media Luna below ground mine in Mexico generated state-of-the-art areas west of the major down payment.

Opening ML25-1088D in the Media Luna West location reduced 11 metres rating 11.7 grams gold per tonne, 10.3 grams silver and 0.26% copper from 647 metres downhole, Torex claimed Monday after the close of trading. Opening ML25-1095D, at the same time, converged 12.9 metres rating 17.25 grams gold, 8.7 grams silver and 0.27% copper from concerning 704 metres deepness.

” Near-mine possibilities in the Media Luna collection give view lines for the year-end maiden presumed source, mean backfilling and prolonging the Morelos manufacturing account,” National Financial institution Financial mining expert Don DeMarco claimed Tuesday in a note to customers. “Anticipate drills to maintain kipping down 2026, including de-risking and source augmentation.”

Found concerning 180 kilometres southwest of Mexico City, in the Guerrero gold belt, Media Luna becomes part of Torex’s 290-sq.- kilometres Morelos facility. Morelos additionally consists of the ELG open-pit and below ground mines, the development-stage EPO below ground down payment, a handling plant and relevant framework. Commercial production at Media Luna started in the springtime.

New front

Torex is functioning to assemble a very first presumed source price quote for Media Luna West with the objective of producing a brand-new mining overlook the residential property to feed the Morelos facility’s handling centers. The source will most likely be launched in March.

Outcomes launched Monday consist of all piercing finished throughout 2025 and one formerly unreported drill opening from in 2014’s program– for an overall of 24 openings covering 11,303 metres. They have actually assisted Torex to specify a mineralized impact of 400 x 300 metres near to the major Media Luna down payment. The system stays open up to the north and to the south.

Various other highlights consist of opening ML25-1080A, which reduced practically 50 metres rating 2.47 grams gold, 0.9 gram silver and 0.01% copper beginning at 652 metres. This consisted of 20 metres of 7.24 grams gold, 6.2 grams silver and 0.02% copper from 724 metres downhole.

An additional opening, ML25-1083D, converged 7.3 metres rating 1.31 grams gold, 9.2 grams silver and 0.52% copper from 770 metres deepness.

Expanding impact

Future exploration will certainly concentrate on increasing the source impact along the north-south passage and in the direction of the San Miguel mistake. Torex will certainly additionally aim to update sources to the suggested classification.

” These most recent outcomes improve the exploration success we have actually had within the Media Luna collection and strengthen the high quality of the mineralization we see on the south side of the residential property,” claimed chief executive officer Jody Kuzenko. “Our team believe Media Luna West might be a prospective brand-new mining front need to the location be examined as financially feasible, which comes to be most likely since we can take advantage of the framework created at Media Luna.”

Torex shares dropped 0.3% to C$ 64.14 Tuesday early morning in Toronto, reducing the firm’s market price to concerning C$ 6.2 billion ($ 4.4 billion).