Torex Gold Restarts Drilling at Los Reyes Project

Program focused on upgrading resources and supporting future economic studies

(All amounts expressed in U.S. dollars unless otherwise stated)

Toronto, Ontario--(Newsfile Corp. - May 28, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) announces that drilling has restarted at the Los Reyes Project ("Los Reyes") in Sinaloa, Mexico. The comprehensive exploration and resource drilling program will be focused on de-risking and upgrading mineral resources along the three primary mineralized trends, as well as supporting the engineering and design work necessary to advance Los Reyes through the pre-feasibility and feasibility study phases.

Jody Kuzenko, President & CEO of Torex, stated:

"Since the acquisition of Los Reyes, our team has been actively working to integrate the project into our portfolio and establish the conditions required to safely restart drilling. The Company has engaged with local communities for which long-term agreements are in place, liaised with key stakeholders within the State and Federal governments, secured permits for the 2026 drilling program, and incorporated many of the systems successfully utilized at our Morelos Complex to manage security and enable safe and efficient work on the ground. With the people, plans, and systems now in place, we have resumed drilling at Los Reyes.

"We are planning to drill approximately 20,000 metres as part of the 2026 program at Los Reyes, with a focus on de-risking and upgrading mineral resources along the three main areas (Guadalupe, Z-T, and Central) as well as undertaking metallurgical and geotechnical test-work to support the next phase of economic studies. We expect to invest approximately $18 million at Los Reyes in 2026, with the majority of expenditures related to exploration and drilling, and the remainder earmarked to complete the preliminary economic assessment ("PEA") and commence a pre-feasibility study.

"We are excited to resume drilling and fieldwork at Los Reyes as we look to de-risk and advance our next growth project in Mexico. Combined with our ongoing success at the Morelos Complex, we expect Los Reyes will drive exceptional value for our shareholders in the future. We are looking forward to the release of the PEA in July when we will be able to share the results of the work we have done since we acquired Los Reyes in October 2025."

Schreibe Deinen Kommentar