Torex Gold Resources Inc.: Torex Gold Reports Positive Results from the 2024 ELG Underground Drilling Program

Torex Gold Resources Reports Positive Results From Nachrichten

Torex Gold Resources Inc.: Torex Gold Reports Positive Results from the 2024 ELG Underground Drilling Program
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(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - June 27, 2024) - Torex Gold Resources Inc. (the 'Company' or 'Torex') (TSX: TXG) announces assay results

Toronto, Ontario-- - Torex Gold Resources Inc. announces assay results from the Company's ongoing drilling program at El Limón Guajes Underground. The results to date support Torex's target of extending the mine life of ELG Underground beyond 2028 by identifying new zones of higher-grade mineralization, expanding resources, and increasing reserves.

As part of the Resource Delineation drilling program at the north ore shoot, drill hole LDUG-314 encountered 10.26 gpt AuEq over 7.68 m, supporting the expected conversion of Inferred Resources to the Indicated category with the year-end 2024 mineral reserve and resource update. Drill hole LDUG-321 confirmed high-grade mineralization down to 500 m.a.s.l. with two notable intercepts .

During the first half of 2024, drilling activities focused on the reclassification of Inferred Resources to the Indicated category at the main ore shoot. As part of the Advanced Exploration program, several holes are planned to be drilled later this year from Portal 3 to further test the northern extension of the Sub-Sill Trend.1) Intercepts are reported as core length . Core lengths reflect drilling core recovery.

Dikes and sills are found to crosscut the hornfels and marble along the structural trends mentioned above and are spatially associated with the skarn formation. In some cases these are the ore control of main gold mineralization stage at depth. Additional information on the ELG Underground, sampling and analyses, analytical labs, and methods used for data verification is available in the Company's technical report entitled the"Morelos Property, NI 43-101 Technical Report, ELG Mine Complex Life of Mine Plan and Media Luna Feasibility Study, Guerrero State, Mexico", dated effective March 16, 2022 filed on March 31, 2022 and in the annual information form dated March 30, 2023, each filed on SEDAR+ at www.sedarplus.

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