Torque Metals Limited announced high-grade gold intercepts from follow-up drilling at the Observation prospect within the Company's wholly-owned Paris Gold Project located on the richly gold endowed Boulder-Lefroy Fault Zone, south east of Kalgoorlie. Latest assay results have been obtained from the follow-up RC drilling program to test the first phase drilling which resulted in the gold discoveries at the Observation and Strauss prospects and adjacent to existing pits at Paris and HHH. The most recent results have been received from the Observation prospect and confirm significant high-grade gold at shallow depth (~50m-100m depth) at the prospect.

Assay highlights from the follow-up drilling at Observation include: 6m @ 9.86g/t Au from 57m (21ORC031). 6m @ 8.45g/t Au from 51m (21ORC036). 3m @ 9.87g/t Au from 72m (21ORC037).

A total of 3,746 metres have been drilled in this follow-up programme across 41 holes targeting four prospects - Observation, Strauss, Paris and HHH Pits. A total of 1,341 samples have been despatched to the laboratory with further assay results anticipated in coming weeks. The RC rig used for Phase 1 had ~100m capacity.

A second RC rig, with a larger depth capacity to test structures beyond 150 metres, is due to commence later this month /early February to undertake further, deeper follow-up drilling to test Observation as well as targets at HHH North and Paris Pit prospects. Torque envisages a total of approximately 5,000 metres of RC drilling in this upcoming Phase 2 programme. The Paris Project: Torque's Paris Project lies within the area known as the Boulder-Lefroy Fault Zone.

This prolific gold-bearing structure is host to numerous mines that have produced many millions of ounces of gold. Not least of these mines is the world famous "Super Pit" in Kalgoorlie. Torque's Paris Project area remains vastly underexplored, with past drilling generally restricted to the top 50 metres, highlighting significant opportunities for discovery of gold mineralisation by the application of modern-day exploration techniques and the undertaking of more extensive, and deeper, drilling.

Torque has undertaken a first phase drilling campaign at Paris with the objective of better defining the zones most likely to rapidly increase the project's resource base. The project has a previously reported existing 32,700oz JORC 2012 gold resource, most of which lies below and along strike from the existing HHH and Paris mines. The project, however, remains under drilled, and a core focus for the Company is to undertake an extensive programme of drilling to explore for potential extensions to the known mineralisation.