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Torex Gold Resources Inc(TXG-T)

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Torex Gold Reports Updated Media Luna Resource Estimate

Globe Newswire - Mon Feb 28, 5:00AM CST

Gold Equivalent Indicated Mineral Resource Increases 24% to 4.39 Moz at 5.38 g/t

(All amounts expressed in U.S. Dollars unless otherwise stated)

TORONTO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company”) (TSX: TXG) announces an updated Mineral Resource estimate for the Media Luna project, which now consists of a gold equivalent1 (“AuEq”) Indicated Resource of 4.39 million ounces (“Moz”) at an average grade of 5.38 grams per tonne (“g/t”). This reflects a 24% increase in contained AuEq metal in the Indicated Resource category compared to the April 30, 20212 resource estimate of 3.54 Moz AuEq at a grade of 5.27 g/t. Of the current Indicated Resource, 60% of the gold equivalent estimate is attributable to gold (“Au”), 33% to copper (“Cu”) and the remainder to silver (“Ag”).