Torque Metals Limited ('Torque' or 'the Company') (ASX: TOR) is pleased to announce the recommencement of drilling activities at its wholly owned flagship Paris Gold Project, situated on granted mining leases.

This drilling programme aims to both infill and extend the existing gold lodes, contributing to Torque's Maiden Mineral Resource Estimate.

HIGHLIGHTS Drilling program to re-commence at Paris Gold Project Program comprises up to 9,000m (1,000m Diamond, 8,000m RC) in-fill and extensional drilling; objective is to infill and extend mineralisation in Paris West and recent new-prospect named Eva Paris Gold is a shallow, high-grade, high-recovery (>96%) gold project proximate to processing infrastructure with strong results including but not limited to: ? 16m @ 4.19 g/t gold from 66m, including 2m @ 13.12 g/t gold from 72m and 2m @ 18.91 g/t gold from 80m in 24HRC087 ? 35m @ 14.12 g/t gold from 157.85m including 1.2m @ 185 g/t gold from 174.7m; 4.44m @ 20.82 g/t gold from 170.3m and 2.49m @ 40.6 g/t gold from 167.8m 23PRCDD076 ? 41m @ 5.93 g/t gold from 188m including 3m @ 25.54 g/t gold from 189m and 2m @ 59.35 g/t gold from 204m 22PRC056 39m @ 6.05 g/t gold from 175m including 9m @ 10.66 g/t gold from 178m and 3m @ 29.4 g/t gold from 202m 22PRC053 Drilling will be completed by late August; assays will be reported progressively from mid-August The project's Mineral Resource Estimate is developing; this drilling program aims to enhance the Paris resource

Torque's Managing Director, Cristian Moreno commented: 'A 9,000-metre diamond and reverse circulation drilling campaign has commenced at Torque's flagship Paris Gold Project. Paris potentially hosts multiple deposits within a larger mineralised system, currently spanning 2.5 km by 1 km and remaining open in all directions. 'Paris exhibits the characteristics of a robust gold project, as it lies on a major geological fault, Boulder-Lefroy fault, which hosts some world-class deposits such as St. Ives Gold Mine and Northern Star's Super Pit. This potential is reinforced by strong gold intercepts, including 35 metres at 14.12 g/t gold from 157.85 meters, 41metres @ 5.93 g/t gold from 188 metres, 16 metres @ 4.19 g/t gold from 66 metres, among other intersections, along with impressive gold recoveries exceeding 96%. 'Torque appreciates our existing shareholders support, welcomes new investors and looks forward to delivering assay results to the market in several tranches and Torque's Maiden Mineral Resource Estimate.'

The programme comprises 8,000 metres of reverse circulation (RC) drilling and 1,000 metres of diamond drilling across Paris west, where drilling has intersected strong mineralisation such as 35 metres at 14.12 g/t gold from 157.85 meters. The Eva prospect, a discovery made by Torque in the most recent campaign, returned shallow mineralisation including 16 metres @ 4.19 g/t gold from 66 metres. The program is a key component of Torque's strategy to increase the quantity of shallow, high-grade gold ounces for Torque's Maiden and upcoming Mineral Resource Estimation.

Independent Metallurgical Operations Ltd (IMO) oversaw metallurgical testing of core samples from the Paris and Observation deposits in the Paris Gold Project in 2023. Gravity tests identified substantial recoverable gold, constituting 40.7% and 39.9% of the Paris and Observation composites, respectively. Comminution tests indicated a medium ore hardness, with Bond Ball Work Index values of 13.6 kWh/t for Paris and 9.5 kWh/t for Observation. Additionally, cyanide leaching achieved impressive gold recoveries of 96.7% and 99.7% for the Paris and Observation composites, respectively6 .

ABOUT TORQUE METALS

Torque is an exploration company with a proven discovery methodology, combining drilling results with machine learning algorithms and geological interpretation. Torque's Board have successful records and extensive experience in the exploration, development and financing of mining projects in Australia. Torque's expanded Penzance Exploration Camp7 covers 1200km-2 of land, including 13 mining licences, 4 prospecting licences and 38 exploration licences8 90km Southeast Kalgoorlie in WA. Torque is focused on mineral exploration in this well-established mineral province.

COMPETENT PERSON STATEMENT - EXPLORATION RESULTS

Information in this announcement that relates to Exploration Results is based on information compiled by Mr Cristian Moreno, who is a Member of the Australasian Institute of Mining and Metallurgy, Australian Institute of Management and Member of the Australian Institute of Company Directors. Mr Moreno is an employee of Torque Metals Limited, is eligible to participate in short and long-term incentive plans in the Company and holds performance rights in the Company as has been previously disclosed to ASX. Mr Moreno has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Moreno consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears

FORWARD LOOKING STATEMENTS

This report may contain certain 'forward-looking statements' which may not have been based solely on historical facts, but rather may be based on the Company's current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such an expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties, assumptions, and other factors which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Readers should not place undue reliance on forward-looking information. The Company does not undertake any obligation to release publicly any revisions to any 'forward-looking statement' to reflect events or circumstances after the date of this report, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Contact:

Cristian Moreno

Managing Director

Torque Metals Limited

Tel: +61 410280809

Email: Cristian@torquemetals.com

(C) 2024 Electronic News Publishing, source ENP Newswire