too bad pms are dripping along with their equities. cheers, dave.
Torex Continues to Intersect High Grade Gold Over Significant Thickness at Media Luna and Media Luna West Press Release: Torex Gold Resources Inc. – 16 minutes ago
TORONTO, ONTARIO--(Marketwire - Feb 20, 2013) - Torex Gold Resources Inc. (the "Company" or "Torex") (TXG.TO)(TSX:TXG.W.A.) is pleased to report that it continues to intersect high grade gold mineralization over significant widths at both the Media Luna and Media Luna West targets at the Company''s Morelos Gold Project in Mexico. At Media Luna, borehole WZML-07 intersected 36.18 g/t Au over 26.7m; borehole ML-200 intersected 12.58 g/t Au over 6.0m; borehole NEZML-12 intersected 14.71 g/t Au over 5.7m and 5.49 g/t Au over 20.3m; and borehole WZML-16 intersected 4.25 g/t Au over 13.1m. At Media Luna West, borehole MLW-05 intersected 48.0 g/t Au over 2.8m.
Fred Stanford, President & CEO of Torex stated: "These excellent drill intercepts continue to support the model that the Media Luna Area hosts very large and consistent gold-copper-silver mineralizing systems associated with large magnetic anomalies. Of the 60 boreholes drilled to date into the Media Luna magnetic anomaly, 54 of the boreholes (90%) have intersected skarn alteration containing gold-copper-silver mineralization. At the Media Luna West magnetic anomaly five of the six boreholes drilled to date contain similar gold-copper-silver mineralization. Of particular interest from the 19 boreholes being reported today is the western edge of the Media Luna magnetic anomaly where borehole WZML-07 intersected 36.18 g/t Au over 26.7m. WZML-07 contains the highest gold values intersected in Media Luna to date and is 108 meters to the north of the previously reported ML-35 which contained 30.31 g/t Au over 21.0m. Also released today is borehole ML-115, which has returned the longest potentially economic intercept to date with 124.6m grading 2.45 g/t of Au Eq. ML-115 is also along the western edge of the Media Luna magnetic anomaly and is located over 1,140 meters north of WZML-07. We look forward to further testing of this very prospective, potentially thick, high-grade gold-copper-silver zone located along the western boundary of the Media Luna magnetic anomaly." He added "We also look forward to receiving the permits to extend the network of roads in the Media Luna area which will allow us to drill test the full strike length of the Media Luna and Media Luna West magnetic anomalies. In addition, several additional prospective magnetic targets occur in the Media Luna area and these targets are scheduled to be tested later in the drill program."