Click here to close now.


News Feed Item

Torex Drills Highest Grade Gold Mineralization to Date at Media Luna

TORONTO, ONTARIO -- (Marketwire) -- 12/14/12 -- Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG)(TSX:TXG.W.A.) is pleased to report that it has recently intersected several of the highest grade gold intercepts drilled thus far at the Media Luna and Media Luna West targets at the Company's Morelos Gold Project in Mexico. At Media Luna, borehole ML-35 intersected 30.31 g/t Au over 21.0m; borehole ML-79 intersected 15.56 g/t Au over 12.2m; borehole ML-11A intersected 28.60 g/t Au over 5.2m. At Media Luna West, borehole MLW-02 intersected15.68 g/t Au over 5.9m. The gold and gold equivalent values for the 23 boreholes being reported today are shown in the Highlight Table and in Table 1.

Fred Stanford, President & CEO of Torex stated: "the Company's focus on drilling the magnetic anomalies in the Media Luna Area has been very successful in discovering both high grade gold intersections and thick intervals of potentially economic gold mineralization. The two magnetic anomalies drilled to date, which cover approximately 391 hectares, appear to represent very large gold mineralizing systems that warrant extensive additional drilling to define the size and grade of the gold zones. In addition, there are several untested magnetic anomalies that appear to have similar potential." He added, "the drilling within the magnetic anomalies has resulted in the discovery of local areas containing very high-grade gold along with significant copper and silver values. The drilling along the edges and outside of the magnetic anomalies (13 of the 23 boreholes being reported today) has allowed the Company to start to define the boundaries of the large Media Luna gold mineralized areas. The focus of the on-going exploration will continue to drill test the length and width of the Media Luna and Media Luna West magnetic anomalies and to initiate testing of additional highly prospective magnetic anomalies in the area."

Highlights of drill results from inside the magnetic anomalies of Media Luna
                             and Media Luna West                            
              Intersection     Core                             Au          
               From      To  Length     Au     Ag    Cu Equivalent          
BH I.D.         (m)     (m)     (m)  (g/t)  (g/t)   (%)      (g/t) Lithology
ML-35        550.45  571.42   20.97  30.31  44.21  1.14      32.84     Skarn
ML-79        401.86  414.10   12.24  15.56  15.56  1.99      19.19     Skarn
ML-11A       505.91  511.08    5.17  28.60  26.43  1.39      31.17     Skarn
MLW-02       675.87  726.65   50.78   3.53   1.62  0.00       3.56     Skarn
and          752.09  757.95    5.86  15.68   3.17  0.06      15.83     Skarn
ML-20        331.95  336.30    4.35  11.69 107.21  4.71      20.74     Skarn
ML-152       384.85  391.63    6.78   5.87  52.81  1.59       9.24     Skarn
True thickness of the mineralized zone is unknown and is reported as drill  
hole length.                                                                
The gold equivalent grade, including copper and silver values, is based on  
100% metal recoveries. The gold grade equivalent calculation used is as     
Au g/t (EQ) = Au g/t + (Cu grade x ((Cu price per lb/Au price per oz) x     
0.06857 lbs per oz x 10000 g per%)) + (Ag grade x (Ag price per oz/Au price 
per oz)).                                                                   
The metal prices used were: Gold - $1600/oz, Copper - $3.50/lb, Silver -    

To view Table 1 for a complete list and expanded description of the intercepts, please vist the following link:

To view Figures 1-4 for borehole locations, please visit the following link:

Forty-three drill holes have been completed at Media Luna over a strike length of approximately 1.85 km and a width of 1 km. All but one of these holes has intersected significant skarn alteration, and that hole intersected a post mineralization dike at the target zone. Massive-magnetite sulfide mineralization, with associated skarn appears to correlate closely to the area of the most intense magnetic anomalism. Skarn alteration continues in drilling beyond the margins of the magnetic high, however, at this early stage, better grade gold mineralization appears to be more consistently associated with magnetic high area. Within the magnetic high area, high grade gold is often found associated with the massive-magnetite sulfide mineralization. However, high grade gold also occurs in sulfide-bearing skarn without magnetite.

Copper mineralization, with elevated silver and low but anomalous gold, and associated with pyrrhotite-bearing skarn, has been intersected outside of the magnetic anomaly.

At Media Luna West, gold is also associated with magnetite-sulfide mineralization within the area of more intense magnetic anomalism. Several additional magnetic targets occur near the Media Luna and Media Luna West areas and these targets are scheduled to be tested later in the drill program.

The potential quantity and grade of the exploration targets are conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource.

QA/QC and Qualified Person

At the Morelos Gold Project, all of the Media Luna target analytical work is performed by SGS de Mexico S.A. de C.V. ("SGS") in Mexico and/or Acme Analytical Laboratories Mexico S.A. de C.V. ("ACME").

Sample preparation is done at a dedicated sample preparation laboratory operated by SGS at the project site in Nuevo Balsas, Guerrero, Mexico, and/or at a dedicated sample preparation laboratory operated by ACME at Guadalajara, Mexico. The gold analyses (fire assay with an atomic absorption or gravimetric finish) and multi-element geochemical analyses are completed at an analytical laboratory operated by SGS at the project site in Nuevo Balsas, Guerrero, Mexico and at their analytical facilities in Vancouver, British Columbia, Canada, respectively. The gold analyses (fire assay with an atomic absorption or gravimetric finish) and multi-element geochemical analyses are completed by ACME at their analytical facilities Vancouver, British Columbia, Canada.

The Company has a Quality Assurance/Quality Control ("QA/QC") program in place that includes 2% of each of the certified reference materials, blanks, field duplicates and preparation duplicates for the grassroots exploration drilling program, with the objective of the QA/QC program to ensure the batch to batch relative bias remains constant and that absolute accuracy at anomalous to near cut-off grades is measured and acceptable. The QA/QC program as designed has been approved by AMEC and is currently overseen by Cristian Puentes, Chief Exploration Geologist for the Morelos Gold Project.

The scientific and technical data contained in this news release pertaining to the Morelos Project has been reviewed and approved by Mr. Barton Suchomel as a Qualified Person under NI 43-101. Mr. Suchomel is a Fellow of the Australasian Institute of Mining and Metallurgy and has experience relevant to the style of mineralization under consideration. Mr. Suchomel consents to the inclusion in this release of said data in the form and context in which it appears.

Torex is a growth-oriented, Canadian-based resource company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, a development stage project, located 180 kilometres southwest of Mexico City in the highly prospective Morelos Gold Belt. Torex is aggressively exploring within its property to identify a pipeline of additional future economic deposits. The project covers an area of 29,000 hectares of which more than 75% remain unexplored.


This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to the initial drill program at the Company's Media Luna target and the results of the program contained herein. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including those risk factors identified in the Company's current annual information form. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding the Company's exploration results and the Company's plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...