TSX Morning Top Trader; Junior Miner Torex Gold Resources (TSX: TXG) Leads Following News on Expansion of Gold-Copper-Silver Discovery South of the Balsas
New York, New York - September 5, 2012 (Investorideas.com Mining stocks newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on the top volume trader on the TSX for September 5th. Torex Gold Resources Inc (TSX: TXG.TO) leads the top traders, currently at $1.76. down 0.04 or 2.22% as of 1:03PM on over 5.8 Million shares. The stock had a morning high of $1.80.
The Company reported news yesterday that drilling results continue to expand the gold-copper-silver mineralization at its Media Luna discovery located south of the Balsas River, on the Morelos Project in Mexico. In addition, work is continuing on several other high potential targets south of the Balsas River.
Significant intercepts include 5.65 g/t Au, 43.80 g/t Ag and 1.25% Cu over 15.4m in ML-04. A second intercept in ML-04 returned 4.31 g/t Au, 8.12 g/t Ag and 0.4% Cu over 12.7m. Drill hole ML-46A returned two significant intercepts, an upper intercept of 4.6 g/t Au, 5.9 g/t Ag and 0.12% Cu over 7.7m in magnetite skarn adjacent to marble and a second intercept commencing 20 meters further down the hole. The second intercept occurs in magnetite-pyroxene skarn and is significantly thicker, returning 43.9m with 2% Cu, 0.65 g/t Au, and 66.71 g/t Ag. This hole was prematurely stopped within the skarn mineralization and the total width of the lower zone is unknown and will require additional drilling.
Torex Gold Resources Inc. is a growth-oriented, Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, a development stage gold property, located 180km southwest of Mexico City in the highly prospective Guerrero Gold Belt. Torex is aggressively exploring within its property to identify a pipeline of additional future economic deposits. The Project covers an area of 29,000ha of which more than 75% still remains unexplored.
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info
