Torque Metals (ASX:TOR) signed an equity deal with contractor Topdrill for an upcoming drill program at the Paris gold project in Kalgoorlie, Western Australia, according to a Tuesday filing with the Australian bourse.
As per the deal, the mining firm will pay 50% of drill costs in terms of shares voluntarily escrowed for six months, the filing added.
The 9,000-meter infill and extensional program will follow up on recent drilling which yielded gold mineralization, the filing said.
Shares of Torque Metals jumped 8% in recent trade.
Price (AUD): $0.13, Change: $+0.01, Percent Change: +8.33%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments