Sep 4 2015
Torex Gold Resources Inc. (the "Company" or "Torex") is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 ("NI 43-101") in support of the Company's news releases issued on July 21, 2015, entitled "Torex announces Updated Mine Plan for its Fully Funded El Limón-Guajes Gold Mine" and "Torex Announces a Positive 'PEA" for its Media Luna Project including a New Inferred Resources Estimate of 7.4 million Gold Equivalent Ounces" (together the "News Releases").
The independent technical report, entitled "Morelos Property, NI 43-101 Technical Report, El Limón Guajes Mine Plan and Media Luna Preliminary Economic Assessment, Guerrero State, Mexico " (the "Technical Report"), dated September 3, 2015, effective date of August 17, 2015, was prepared by M3 Engineering & Technology Corporation of Tucson, Arizona, Amec Foster Wheeler E&C Services Inc. of Reno, Nevada, Amec Foster Wheeler Environment & Infrastructure a Division of Amec Foster Wheeler Americas Limited of Mississauga, Ontario, SRK Consulting (Canada) Inc. of Toronto, Ontario, SRK Consulting (U.S.) Inc. of Denver Colorado, Golder Associates Inc. of Gainesville, Florida and AMC Mining Consultants (Canada) Ltd. of Toronto, Ontario. The Technical Report was authored by Daniel H. Neff, P.E., Robert Davidson, P.E., Thomas L. Drielick, P.E., Edward J.C. Orbock III, RM SME, Mark Hertel, RM SME, Prabhat Habbu, P. Eng., Brian Connolly, P. Eng., Michael Levy, P.E., P.G., Vladimir Ugorets, MMSAQP, Benny Susi, P.E., and Jim Monaghan, P.Eng., all Qualified Persons as defined by NI 43-101 and independent of Torex. The Technical Report is available on SEDAR at www.sedar.com and will also be made available on the Company's website at www.torexgold.com.
There were no material differences in the mineral resources or mineral reserves between the Technical Report and the technical disclosure contained in the News Releases.
Torex is a growth-oriented, Canadian-based resource company engaged in the exploration and development of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. Within this property, Torex has two projects: the El Limón-Guajes ("ELG") mine, currently under development, and the Media Luna project, at an advanced stage of exploration. Torex intends to identify a pipeline of future economic deposits within its property, which remains 75% unexplored.
Source: http://www.torexgold.com/