en.Wedoany.com Reported - Canadian mining company Torex Gold Resources Inc. has announced positive progress in underground drilling and exploration projects at its ELG underground mine and the Media Luna cluster. The company's technical strategy aims to enhance reserves and increase resources, with related discoveries expected to provide stronger and more sustained production support for the Morelos Complex (Complejo Morelos).

In the current mining landscape of Mexico, under the administration of President Claudia Sheinbaum, investment in the extractive industry continues to grow to solidify operational certainty. Torex President and CEO Andrew Snowden expressed optimism about recent drilling results, revealing that 16 drill rigs are currently operating, driving the company toward an exceptional year in regional exploration.

In the eastern extension of Media Luna, recent work has revealed high-grade mineralization zones. Drill hole MLE26-013 intersected 9.14 grams per tonne gold equivalent (gpt AuEq) over 7.5 meters, including a section of 38.06 gpt AuEq. These data indicate a vertical extension of mineralization of at least 100 meters, opening the door for a significant increase in resources on the southern and eastern flanks of the deposit. The company plans to drill approximately 62,500 meters in this cluster this year.

At the ELG underground mine, continuity of the orebody along strike and at depth (El Limón Sur and El Limón Oeste targets) has been confirmed, with significant mineralization recorded up to 13.36 gpt AuEq over 7.3 meters. Meanwhile, Torex continues drilling at regional targets Atzcala and El Naranjo, and the Media Luna North project is scheduled to begin production by the end of this year. With a solid financial position, the company is moving toward a new phase of organic growth.