Torex Gold Provides Q3 2026 Morelos Drilling & Exploration Update
Torex Gold reported strong Q3 2026 drilling results across the Morelos Property, with 15 rigs operating and a record $51 million exploration budget for the year. The newly identified San Miguel corridor returned high-grade intercepts including 11.28 gpt AuEq over 31.2 m and 10.75 gpt AuEq over 20.2 m, suggesting potential to significantly add to the resource inventory. Drilling at Media Luna supports conversion of Inferred to Indicated Resources, with intercepts up to 21.30 gpt AuEq over 9.6 m, and ELG Underground results highlight potential to offset reserve depletion.
Key figures
- Top intercept
- 11.28 gpt AuEq over 31.2 m (MLE26-025)
- Rigs operating
- 15
- Media luna metres drilled
- 17264
- Media luna planned metres
- 29300
- San miguel metres drilled
- 15799
- Elg underground metres ytd
- 24070
- Exploration budget 2026 usd
- 51000000
- Elg underground planned metres
- 36000
- San miguel planned metres 2026
- 27100
AI analysis
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