10x Genomics(US:TXG) Newsfile·2025-05-20 22:00Core Insights - Torex Gold Resources Inc. reports continued high-grade mineralization at ELG Underground, indicating long-term potential for the deposit and supporting the goal of extending the mine life [1][2][5] - The 2025 drilling program aims to sustain production levels above 450,000 gold equivalent ounces annually beyond 2030 by identifying new high-grade zones and replacing mined reserves [2][5][9] Drilling Results - Recent drilling along the El Limón West Trend encountered significant high-grade intercepts, including 12.18 grams per tonne gold equivalent over 26.4 meters in drill hole LS-371 and 43.68 grams per tonne over 10.3 meters in LS-370 [7][18][20] - The North Zone drilling successfully upgraded Inferred Resources to Indicated, with notable results warranting further exploration down to the Guajes Tunnel elevation [7][9][22] Exploration Strategy - The company plans to drill approximately 48,000 meters in 2025, nearly doubling the drilling effort compared to 2024, with a budget increase of about 50% to $12 million [4][9][18] - The focus is on extending high-grade mineralization along multiple trends, including El Limón Sur, El Limón Deep, El Limón West, and Sub-Sill [8][22][24] Geological Context - The ELG Mine Complex is situated in the Guerrero Gold Belt, characterized by skarn-hosted gold mineralization along contacts of intrusive and sedimentary rocks [25][26][27] - The mineralization is influenced by structural controls related to major faulting and deformation processes, with significant gold occurrences associated with skarn formations [26][27][29] Future Outlook - The exploration team is optimistic about the potential for resource expansion and continuity of mineralization, with plans for comprehensive follow-up drilling campaigns throughout 2025 [3][4][9] - The company aims to enhance its mineral resource inventory while maintaining production levels, positioning itself for sustained growth in the gold mining sector [2][5][40]