Torex Gold Reports Excellent Drilling Results from EPO

Core Insights - Torex Gold Resources Inc. reports excellent drilling results from the northern extension of the EPO deposit, indicating strong potential for resource expansion and enhanced production profiles beyond 2035 [1][4][31] Drilling Results - The recent drilling program has yielded high-grade intercepts, including 55.18 grams per tonne (gpt) AuEq over 20.1 meters in drill hole ML24-1049DA, and 4.92 gpt AuEq over 35.7 meters in ML24-1042 [3][7] - The northern portion of EPO mineralization extends over an area of at least 500 x 200 meters with vertical continuity exceeding 100 meters [3][12] Resource Expansion - The 2024 drilling program successfully added approximately 233,000 gold equivalent ounces (oz AuEq) to Inferred Resources, primarily from the northern area of the deposit [2][7] - The ongoing drilling aims to upgrade Inferred Resources to Indicated Resources, with expectations for a significant increase in resources by the year-end 2025 mineral reserve and resource update [9][16] Production Outlook - Torex is on track to achieve first production from EPO by the end of 2026, with a projected minimum annual production of at least 450,000 oz AuEq through 2030 [4][31] - The company has budgeted approximately $10 million for drilling at EPO, with $5 million allocated specifically for the northern extension [17][32] Geological Context - The EPO deposit is characterized by a complex geological setting, including the Morelos Formation and various intrusive phases, which contribute to the mineralization [18][19] - The mineralization is controlled by structural features such as the La Avispa fault, which influences the distribution of mineralized zones [11][19]