Torr Commences 2022 Field Program with IP Survey at the Latham Copper-Gold Project
Torr Commences 2022 Field Program with IP
Survey at the Latham Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2022) - Torr Metals Inc. (TSXV: TMET) ("
Torr"
or
the "
Company
") is pleased to announce the initiation of its 2022 field program on the Company's 100%
owned 689 km
2
Latham Copper-Gold Project, located along Highway 37 within the prolific Golden
Triangle region of northern BC. Initial fieldwork will consist of a ground-based 4.3 km
2
induced
polarization ("IP") survey to follow-up on a ground magnetic survey, previously conducted over the
Dalvenie Zone and coincident with known surface mineralization (Figure 1). The Dalvenie Zone is ideally
situated to nearby infrastructure with access to Highway 37 via a ~2 km gravel road leading to the town
and regional airport at Dease Lake 30 kilometres (km) to the northwest.
Torr has previously analyzed historical IP together with ground magnetics geophysics and surface
geochemistry from its Gnat Pass copper-porphyry deposit, located 8 kilometres to the north-northeast,
producing an exploration model for porphyry and genetically-related epithermal-style mineralization in the
area. The newly processed ground magnetic data at the Dalvenie Zone indicates an excellent correlation
between historical high-grade copper-gold-silver rock grab samples and linear north-south trending high
magnetic anomalies associated with potential epithermal and porphyry-style mineralization.
A dominant north-south trend to mineralization is consistent with observed relationships at the nearby
Gnat Pass deposit, suggesting the planned Dalvenie Zone IP survey work will be valuable in delineating
strong drill targets and a potential genetic link between epithermal and porphyry-style mineralization
observed at-surface. Work to date within the Dalvenie Zone also suggests magnetic anomalies remain
open in all directions, with soil sampling in 2022 planned to test these potential extensions. This includes
a high-magnetic linear anomaly extending up to 1100 metres strike-length to the south of known
historical high-grade rock grab samples.
Malcolm Dorsey, President and CEO, commented, "The IP survey will add substantial value to the
Dalvenie Zone as it will provide a view of the subsurface that will help in defining potential drill targets for
the upcoming drill program. This 2022 field season promises to be very exciting for Torr as we will be the
first to systematically explore the highly prospective Dalvenie Zone in addition to testing the expansion
potential beyond 1960's shallow drilling at the Gnat Pass copper-porphyry deposit. We anticipate that
this together with targeted exploration of our massive district-scale land package will continue to
produce value for our shareholders."
Historical Rock Grab Sample Highlights
Within the Dalvenie Zone a total of 9 historical rock grab samples yielded assays >1 % copper (Cu) with
7 samples containing >1 gram per tonne (g/t) gold (Au). The highest-grade historical rock grab sample
yielded an assay of
8.86 % Cu, 6.45 g/t Au, and 62.4 g/t silver (Ag)
(Figure 1).
Figure 1.
Dalvenie Zone exploration target outlining 2022 IP survey grid and underlying ground
magnetics with select historical rock grab samples.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6794/130222_8e67c9f2347af97e_001full.jpg
Qualified Person
The technical content of this news release has been reviewed and approved by Michael Dufresne,
M.Sc., P.Geol., P.Geo., a consultant to the Company who is a qualified person defined under National
Instrument 43-101.
About Torr Metals
Torr Metals is a Vancouver based mineral exploration company focused on defining and developing the
substantial exploration and resource potential of the ~689 km
2
Latham Copper-Gold Project, located
within the prolific Golden Triangle of northern British Columbia. Year-round access is provided by
Highway 37 with the project being favourably located 16 km south of the regional airport in Dease Lake.
For further details about the Latham Copper-Gold Project, please refer to the Company's website or
current geological Technical Report (August 24, 2021) filed on November 25, 2021 under the
Company's profile on SEDAR at
www.sedar.com
.
On behalf of the Board of Directors
Torr Metals Inc.
"Malcolm Dorsey"
Malcolm Dorsey
President, CEO and Director
For further information:
Malcolm Dorsey
Telephone: 236-982-4300
Email:
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defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, without limitation, statements regarding
the use of proceeds from the Company's recently completed financings, and the future plans or
prospects of the Company. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are
necessarily based upon a number of assumptions that, while considered reasonable by management,
are inherently subject to business, market and economic risks, uncertainties and contingencies that
may cause actual results, performance or achievements to be materially different from those
expressed or implied by forward-looking statements. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information. Other factors
which could materially affect such forward-looking information are described in the risk factors in the
Company's most recent annual management's discussion and analysis which is available on the
Company's profile on SEDAR at
www.sedar.com
. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
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