Torex Gold Resources Unveiled Multi-Year Exploration Strategy

SEATTLE (Scrap Monster): Toronto, Ontario-based Torex Gold Resources Inc. announced details on proposed multi-year exploration strategy for its highly prospective Morelos Property. The company had reportedly identified several exploration targets across Morelos, which are at different stages of development.

The company’s strategy focuses on generating incremental additions to mineral resources in the near term. It hopes to achieve at least one new discovery in the mid-term. The strategy also calls for extension of mine life at the Morelos Property, thereby ensuring stable production and cash flow generation well beyond 2033.

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The new multi-year exploration strategy will help the company to sustain a production of more than 450,000 gold equivalent ounces per annum beyond 2027. The exploration and drilling strategy will focus on extending the mine life of ELG Underground and Media Luna, expanding the resources within the Media Luna Cluster and advancing targets through the growth pipeline.

Commenting on the development, Jody Kuzenko, President & CEO of Torex stated that the drilling and exploration programs over the coming years will focus on demonstrating the multi-decade potential of Morelos, by delineating new deposits and by making new discoveries across the broader property.