Torrent Gold Provides Update on Jessup Project Acquisition
Torrent Gold Provides Update on Jessup Project Acquisition
VANCOUVER, BRITISH COLUMBIA – April 29, 2022 –Torrent Gold Inc. (CSE: TGLD) (Frankfurt: RV0)
(“Torrent” or the “Company”). Following its corporate re-branding to Torrent Gold Inc., the Company
would like to provide an update on its proposed acquisition of the Jessup gold-silver exploration project
(the “Project”) located in Churchill County, Nevada. The Company and the author of a pending technical
report recently conducted a site visit to the Project and await receipt of check sample assays and the final
independent NI-43 101 technical report. The Company has exchanged draft documents with the Project
owner and expects to complete a definitive agreement for the Project acquisition shortly. Thereafter
Torrent anticipates completing an initial financing for the acquisition of the Project. A final Project
exploration plan is under development including new detailed resource modeling.
Alexander Kunz, Chief Executive Officer of the Company comments, “Torrent is undergoing a
transformation as we deliver on our stated objectives to find advanced, later-stage gold-silver exploration
properties.”
About Torrent Gold Inc.
Torrent Gold is a mineral exploration company founded with the express purpose of acquiring and
exploring mineral properties during the current resource commodity cycle. Torrent is exploring its
grassroots Clover Mountain gold property in Idaho and recently acquired six early-stage gold exploration
projects in Nevada and Utah from Liberty Gold. The Company has a Boise, Idaho based technical team
that is well positioned to conduct exploration in Idaho, Nevada, and Utah.
ON BEHALF OF THE BOARD OF DIRECTORS
Alexander Kunz
President and Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
President, Chief Executive Officer and Director
Torrent Gold Inc.
1307 S. Colorado Ave.
Boise, Idaho 83706
Telephone: 1-208-926-6379
email: [email protected]
Tyler Ross
Investor Relations
Torrent Gold Inc.
email: [email protected]
Tel: 604-4284-6128
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Alexander Kunz
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements”
within the meaning of Canadian securities legislation as may be amended from time to time, including,
without limitation, statements regarding the perceived merit of the Company’s properties, including
additional exploration potential of its portfolio of exploration projects including Clover Mountain,
potential quantity and/or grade of minerals, the potential size of the mineralized zone, metallurgical
recoveries, the timing and results of permitting and the Company’s exploration and development plans in
Nevada, Idaho and Utah and expectations on the potential extension of any expired mineral concessions
and granting of new mineral concessions. Forward-looking statements are statements that are not
historical facts which address events, results, outcomes or developments that the Company expects to
occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s
management on the date the statements are made, and they involve a number of risks and uncertainties.
Certain material assumptions regarding such forward-looking statements were made, including without
limitation, assumptions regarding the price of gold and silver; the accuracy of mineral resource
estimations; that there will be no material adverse change affecting the Company or its properties; that
all required approvals will be obtained, including concession renewals and permitting; that political and
legal developments will be consistent with current expectations; that currency and exchange rates will be
consistent with current levels; and that there will be no significant disruptions affecting the Company or
its properties. Consequently, there can be no assurances that such statements will prove to be accurate
and actual results and future events could differ materially from those anticipated in such statements.
Forward-looking statements involve significant known and unknown risks and uncertainties, which could
cause actual results to differ materially from those anticipated. These risks include, but are not limited to:
risks related to uncertainties inherent in the preparation of mineral resource estimates, including but not
limited to changes to the cost assumptions, variations in quantity of mineralized material, grade or
recovery rates, changes to geotechnical or hydrogeological considerations, failure of plant, equipment or
processes, changes to availability of power or the power rates, ability to maintain social license, changes
to interest or tax rates, changes in project parameters, delays and costs inherent to consulting and
accommodating rights of local communities, environmental risks, title risks, including concession renewal,
commodity price and exchange rate fluctuations, risks relating to COVID-19, delays in or failure to receive
access agreements or amended permits, risks inherent in the estimation of mineral resources; and risks
associated with executing the Company’s objectives and strategies, including costs and expenses, as well
as those risk factors discussed in the Company's most recently filed management's discussion and analysis,
available on www.sedar.com. Except as required by the securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to update these forward-looking
statements if management’s beliefs, estimates or opinions, or other factors, should change.