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An update from Torque Metals Ltd. ( (AU:TOR) ) is now available.
Torque Metals Ltd. has reported significant progress in its exploration efforts at the Paris Gold Project, with new down-hole electromagnetic conductor plates extending the southern mineralization by at least 280 meters. The recent drilling results, including strong gold intersections, confirm the continuity of high-grade zones and suggest potential for further expansion. The company has secured an additional RC rig to continue its efficient drilling operations, which are guided by an integrated structural and geological model. This development positions Torque Metals to accelerate its exploration activities and potentially increase its mineral resource estimates, thereby strengthening its market position.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Torque Metals Ltd. stock, see the AU:TOR Stock Forecast page.
More about Torque Metals Ltd.
Torque Metals Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in expanding its mineral resources, particularly at the Paris Gold Project, utilizing advanced geological and geophysical techniques to enhance its exploration outcomes.
Average Trading Volume: 2,013,207
Technical Sentiment Signal: Buy
Current Market Cap: A$178.1M
For an in-depth examination of TOR stock, go to TipRanks’ Overview page.