Torr Metals Confirms Copper and Gold Mineralization in Outcrop and Expands Geophysical Targeting at Kolos Project
Torr Metals Inc.
1111 West Hastings Street, Suite 780
Vancouver, BC
Canada, V6E 2J3
Torr Metals Confirms Copper and Gold Mineralization in Outcrop
and Expands Geophysical Targeting at Kolos Project
Vancouver, British Columbia (BC) -- (June 13, 2024) – Torr Metals Inc. (“Torr” or the "Company") (TSX-
V: TMET.V) is pleased to announce the final assay results from the 2023 rock sampling program and
delineation of a robust ZTEM geophysical anomaly at the newly -defined Vik Zone, within the eastern
portion of the 100% owned 240 km 2 Kolos Copper -Gold Project (the “Project”) (Figure 1, Figure 2) .
Additionally, the Company has completed its early reconnaissance field sampling program that includes
coverage over newly acquired ground to the north and east ( see May 29, 2024 news release ) with assays
pending for 27 outcrop and float rock grab samples.
The Vik Zone is a new discovery of copper (Cu) and molybdenum (Mo) mineralization in outcrop, on
the margins of one of three highly prospective and untested moderate to high resistivity anomalies
identified across a >2.5 kilometer (km) trend (Figure 1) . No historical records exist of prior surface
mapping or sampling in this area, suggesting significant potential for future grassroots discoveries within
similarly unexplored areas of the recently expanded Kolos Project. The Project is located on Highway 5
just 23 kilometers (km) north-northeast of the city of Merritt, British Columbia (Figure 3).
Highlights:
• Outcrop Mineralization Coincident with 2023 Soil Anomalies: Recent rock grab samples have
confirmed anomalous Cu ± gold (Au) ± Mo in outcrop coincident with 2023 soil sampling (see
March 25, 2024 news release) a nd ZTEM geophysical anomalies. Of a total 47 rock grab samples
assayed 22 yielded >100 ppm Cu with 9 samples >500 ppm Cu; the highest value returned 4240
ppm Cu within the Clapperton Zone. A total of 8 rock grab samples returned >0.1 g/t Au with 2
samples >0.2 g/t Au; the highest value of 1.07 g/t Au occurred within the Kirby Zone (Figure
1). Untested outcrop mineralization offers prime starting points, greatly mitigating risk in future
drill targeting efforts.
• New Robust ZTEM Geophysical Anomalies in the East: Within the Vik Zone anomalous Cu-
Mo mineralization occurs in outcrop coincident with the trend of a highly prospective west -
dipping moderate to high resistivity anomaly that measures greater than (>) 500 m in width
and 800 metres in-depth.
o A large high resistivity signature at -depth, interpreted as a potential underlying source
intrusion, appears to link the Vik mineral occurrence with a larger (>1.5 km) moderate
to high resistivity anomaly coming to the surface to the northeast (Figure 2); planning
is in progress for this area to be covered by soil sampling in 2024.
• Bolstering Major Copper Discovery Potential : The addition of the V ik Zone brings the total
significant zones for copper ± gold mineralization on the Kolos Project to six (including Lodi,
Kirby, Ace, Rea, Clapperton). Each zone shows promising coincident surface geochemistry and
robust ZTEM geophysical anomalies, the latter reaching kilometer-scale dimensions laterally
and vertically.
• Immense Untapped Potential: A total of 10 newly defined grassroots targets have been
identified in the southern and central portions of the Project area with comparable prospective
geology and ZTEM geophysical signatures to the six significant mineralized zones (Figure 1).
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None of these targets have previously been investigated through exploration or drilling ,
providing a steady stream of additional road-accessible exploration targets with significant
new discovery potential.
"We are strongly encouraged by these promising results, which validate our meticulous exploration
strategy at the Kolos Project," commented Malcolm Dorsey, President and CEO. "The rock grab sample
grades are in-line with comparisons we have made in the region and we have confirmed surface
mineralization in outcrop within all of our high-priority target zones, positioning us with prime starting
locations for future drilling. With the recent expansion we have identified and sampled new exploration
targets, strengthening our position for the upcoming 2024 field season with potential for multiple new
grassroots discoveries in addition to our established drill-ready targets; significantly enhancing the long-
term growth potential of our project and driving further value for our shareholders."
Figure 1. Kolos Project area with highly anomalous 2023 rock grab samples overlying ZTEM resistivity
inversion at 200m vertical depth. Recently identified grassroots exploration target areas are delineated by
the red dashed line. A to A’ cross-section line for Figure 2 outlined. Note that gaps in the ZTEM
resistivity data were caused by powerline disruption and the location of Highway 5.
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Figure 2. ZTEM 3D Resistivity Inversion Model voxel slice through the Kirby and Vik Zones.
Additional untested geophysical exploration targets annotated to the southwest and northeast together
with outlined dimensions of moderate to high resistivity targets that extend to-surface. View looking
northwest.
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Figure 3. Kolos Project location within the prolific porphyry belt of the Quesnel Terrane in south-central
British Columbia. Figure including locations of Late Triassic Alkaline and Calc-Alkaline intrusions
modified from Mitchinson et al. 20224. Note comparisons with regional porphyry deposits are not
indicative of mineralization on the Kolos Project.
1Highland Valley: 338,300,000 tonnes @ 0.31% Cu (P&P), 582,800,000 tonnes @ 0.30% Cu (Measured),
626,700,000 tonnes @ 0.26% Cu (Indicated) and 232,300,000 tonnes @ 0.22% Cu (Inferred). Teck
Mineral Resources Annual Information For February 23, 2022 (Teck.com).
2New Afton: 34,087,000 tonnes @ 0.67 g/t Au, 1.69 g/t Ag, 0.73% Cu (P & P), 73,976,000 tonnes @ 0.57
g/t Au, 2.14 g/t Ag, 0.70% Cu (M & I), 10,219,000 tonnes @ 0.33 g/t Au, 1.36 g/t Ag, 0.45% Cu
(inferred). New Afton Reserves and Resources Summary December 31, 2023 (Newgold.com).
3Copper Mountain: 367,000,000 tonnes of 0.12 g/t Au, 0.7 g/t Ag, 0.25% Cu (Proven and Probable),
138,000,000 tonnes @ 0.10 g/t Au, 0.7 g/t Ag, 0.21% Cu (M &I), 371,000,000 tonnes @0.13 g/t Au, 0.6
g/t Ag, 0.25% Cu. Copper Mountain January 1, 2024 Mineral Resources (hudbayminerals.com).
4Mitchinson, D.E., Fournier, D., Hart, C.J.R., Astic, T., Cowan, D.C., and Lee, R.G. (2022). Identification
of New Porphyry Potential Under Cover in British Columbia. Geoscience BC Report 2022-07, MDRU
Publication 457, 97 p.
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Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver,
Canada (an ISO/IEC 17025:2017 and ISO 9001:2015 accredited facility). A secure chain of custody is
maintained in transporting and storing of all samples. At ALS the “B” horizon soil samples underwent
screening to 180 microns under the ALS code PREP-41. The samples were digested using Aqua Regia and
analyzed via ICP -MS and ICP -AES using a 25g sample aliquot under the ALS code AuME -TL43. The
Company follows industry standard procedures for the work carried out on the Kolos Project. Due to the
reconnaissance nature of the soil sampling the Company relied on the internal quality assurance quality
control (“QA/QC”) measures of ALS. Torr Metals detected no significant QA/QC issues during review of
the data.
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, based in Vancouver, British Columbia, is dedicated to advancing its 100% owned, district-
scale copper-gold porphyry and orogenic gold projects in highly accessible mining regions of Canada. Each
project benefits from excellent existing infrastructure, year -round drilling potential, and low -cost
development opportunities. The approximately 240 km² Kolos Copper-Gold Project is located in the prolific
copper-producing Quesnel Terrane of south-central British Columbia, with direct access to Highway 5, and
is situated 286 km northeast of Vancouver. The approximately 261 km² Filion Gold Project lies within an
unexplored gold-bearing greenstone belt, adjacent to the Trans-Canada Highway 11, just 202 km from
Timmins, northern Ontario. For more details, please visit the Company's website or view documents filed
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: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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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
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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
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does not undertake to update any forward-looking information, except in accordance with applicable securities laws.