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Torex Gold Resources Inc.

Company Detail

Description

Torex Gold Resources Inc. is a Canadian-based resource company engaged in the exploration and development of the Morelos gold property in Mexico's Guerrero state. The 29,000ha property contains two projects: El Limón-Guajes project, currently under development; and Media Luna, at an advanced stage of exploration. El Limón-Guajes is a high grade, open pit gold deposit with current measured and indicated resources of 4.95Moz of gold at a grade of 2.79 g/t, plus 576,000oz of gold at a grade of 1.95 g/t in the inferred category. Media Luna has inferred resources of 5.8Moz of gold equivalent at a grade of 4.55 g/t. Torex has 4 significant subsidiaries: 2290456 Ontario Inc., TGRXM, S.A. de C.V., TGRXM2010, S.A. de C.V., and Minera Media Luna, S.A. de C.V., being the latter the responsible for the Media Luna project. The Toronto-based company was founded in 1980.

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