Torque Metals Strikes High-Grade Gold at New Paris Prospect

Key Highlights:

• 12m @ 4.16g/t Au including 4m @ 10.17g/t intersected at New Paris
• 36-hole RC campaign across 3km corridor at New Dawn progressing rapidly
• Executive Chairman Cristian Moreno sees “transformational potential” in early drill hits
• Follow-up geochemical and geophysical targeting already underway
  
   

Torque Metals Ltd (ASX: TOR) continues its streak of high-impact exploration at its flagship Paris Gold Camp, unveiling a significant gold intercept at the New Paris prospect that has already raised investor eyebrows.

In its 24 July ASX announcement, the Perth-based explorer reported a 12m intercept grading 4.16g/t gold (including 4m @ 10.17g/t Au from 109m depth) from its maiden RC drill program at the newly defined New Paris target, part of its broader New Dawn Corridor.

The results are an early validation of Torque’s aggressive strategy to test uncharted extensions between known deposits—namely Paris, Observation, and HHH—in the prolific Boulder-Lefroy fault system.

Maiden Success at New Paris: A Sign of More to Come?

The standout intercept at New Paris is especially noteworthy given the program’s infancy. Drilling commenced only weeks ago, with 36 reverse circulation (RC) drill holes planned across the 3km New Dawn Corridor.

According to Torque, New Paris is a blind target—no previous drilling and no surface expressions—defined entirely by a combination of geophysical anomalies, structural interpretation, and geochemical vectoring. That it has already delivered a high-grade hit underscores the predictive power of the company’s exploration model.

Torque Executive Chairman Cristian Moreno noted:

“This early result from New Paris is a game-changer. It confirms the existence of significant mineralisation outside the known resource zones and validates our aggressive, model-driven exploration approach. We are entering an exciting phase with the potential to define a new gold system.”

A Closer Look at the New Dawn Drilling Strategy

The New Dawn Corridor spans roughly 3km and hosts several underexplored structural zones parallel to Torque’s Paris-Observation trend. The current drilling campaign includes:

• 36 planned RC holes targeting three primary prospects: New Paris, Paris North, and Observation North
• Average drill depths of 150–200m to test interpreted shear zones and magnetic lows
• Utilization of downhole logging and multi-element assays to improve model accuracy
  
   

What makes this campaign especially compelling is the lack of historic drilling data. Much of this corridor has never been tested—despite sitting within the gold-rich Norseman-Wiluna belt, home to world-class deposits.

Results Breakdown: New Paris Intercept in Context

Let’s dissect the key intercept from hole 24PRC001:

For a maiden hole into a greenfield target, this is an exceptionally high-grade result, suggesting the possibility of vertically stacked or plunging lodes—akin to the structures seen at HHH and Paris.

Next Steps: Expanding the Discovery

With over 20 holes still to be completed across New Dawn, Torque has a clear roadmap:

• Step-out drilling from 24PRC001 to trace mineralised structures
• Multi-element geochemistry to refine targeting
• Integration with high-resolution magnetics to identify parallel zones
• Follow-up drilling at adjacent targets Paris North and Observation North
  
   

If additional high-grade intercepts are confirmed, it could shift the company’s exploration bias toward this corridor, potentially opening a new resource growth axis.

Market Response & Valuation Context

Torque Metals has gained investor attention in 2025, with the share price rallying 69.23% year-to-date, driven by strong drill results and increasing speculation about the Paris Project’s scale.

Notably, the company maintains 526.58 million ordinary shares on issue, and continues to avoid major capital dilution—highlighting efficient capital deployment.

Strategic Significance: Reviving the Norseman Belt

The Norseman-Wiluna greenstone belt has long been home to Australian gold royalty—Kalgoorlie, St Ives, Paddington. Yet many mid-tier zones, like Torque’s tenure, have remained underexplored.

What differentiates Torque is its agile, low-overhead exploration strategy, coupled with high-tech geophysical targeting and AI-assisted modelling. That’s giving the company first-mover advantage across multiple targets that others have overlooked.

Chairman Moreno added:

“The New Dawn Corridor was not on anyone’s radar two years ago. Now, we believe it holds the key to unlocking a new era of discovery for Torque. We will continue to apply cutting-edge methods to uncover what lies beneath.”

Analyst Outlook: Discovery-Led Growth Model Intact

For investors, the takeaway is clear—Torque is executing a discovery-led growth strategy, with tangible early success and ample upside. The New Paris intercept could lead to:

• Resource expansion in future JORC upgrades
• Improved economics for Paris Camp as a standalone asset
• Potential JV or acquisition interest as discoveries accumulate
  
   

With continued drill success, Torque could shift from early-stage explorer to emerging development play, setting the stage for a re-rating.