Torque Metals set to unveil exploration target at New Dawn in 2024
December 11, 2023 at 02:51 pm
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Torque Metals Ltd managing director Cristian Moreno sits down with Proactive’s Jonathan Jackson to discuss a recent amendment to terms of Torque’s pending tenement acquisition. The amendment comes with the full support of the vendor which leaves more money in the bank for exploration across Torque’s Penzance Project as well as the New Dawn Lithium Project. The company has continued its excellent progress at New Dawn with encouraging signs of high-grade lithium deposits from its drilling program. The technical team is now preparing an exploration target, which it is set to unveil in January 2024.
Moreno said: “We are pleased with the strong confidence shown by the project vendors who are comfortable to see their continued exposure to the projects via an increased scrip component for the acquisition and thereby Torque retaining more cash that we can direct towards activity at the expanded Penzance Project.
“Drilling at the New Dawn Lithium Project has yielded exceptionally positive results, underscoring the significant potential of this promising project."
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Torque Metals Limited is an Australia-based smart exploration company. The Company is focused on applying advanced geoscience and artificial intelligence (AI)-powered smart exploration to unlock mineral deposits. Its projects include Paris Gold Project, New Dawn Lithium Project and Penzance Nickel Project. Its Paris Gold Project covers approximately 200 square kilometers (km2) of area in the Western Australian Gold Fields. It comprises nine granted mining leases, two prospecting licenses, three exploration licenses. The Penzance Camp is prospective for lithium, gold and nickel and is located along the strike south of the St Ives Gold Mine. Its Penzance Exploration Camp, extending over approximately 800 km2, includes 12 wholly owned, development-ready, pre-native title mining, 4 prospecting and 26 exploration licenses (7 under application) approximately 30km east of Widgiemooltha in Western Australia. The New Dawn Lithium Project occupies two pre-native title, granted mining licenses.