Torr Metals Delineates 2700 Metre Geophysical Anomaly Aligned with Kilometre- Scale Copper and Gold Dalvenie Trend
Torr Metals Delineates 2700 Metre
Geophysical Anomaly Aligned with Kilometre-
Scale Copper and Gold Dalvenie Trend
Vancouver, British Columbia--(Newsfile Corp. - March 21, 2023) - Torr Metals Inc.
(TSXV: TMET)
("
Torr"
or the "
Company
") is pleased to announce the results and preliminary interpretations from a
~6.4 square kilometre (km
2
) induced polarization (IP) geophysical survey
conducted in late 2022
over the Dalvenie Zone (Figures 1A, 1B), at the Company's 100% owned 689 km
2
Latham Project within
the prolific Golden Triangle of northern British Columbia. The Dalvenie Zone is ~8 km south of the
Company's Gnat Pass Copper-Gold Porphyry deposit and is road-accessible via a 2-kilometre (km)
gravel road from Highway 37.
Results from the IP survey has confirmed the general north-south trend within the Dalvenie Zone and
detected multiple geophysical anomalies to a
depth of 250 vertical metres (m) below the surface,
that remain open,
with anomalous moderate to high resistivity and chargeability signatures
corresponding to at-surface copper-gold mineralization and
measuring up to 500 m
in width
(Figures
2A, 2B). Additionally, the moderate to high chargeability and resistivity signatures are continuous along
the previously defined, ~1500 metre-long, north-south striking trend of known high-grade mineralization
at-surface
and indicate potential for up to 1200 metres of extension to the shear structures that
host gold and copper mineralization.
This potential extension has been tested by extensive soil
sampling in 2022 with results pending.
Malcolm Dorsey, President and CEO, commented, "We are very pleased with these results that provide
invaluable geological context to identifying potential subsurface extensions to previously identified zones
of at-surface high-grade copper-gold mineralization within the Dalvenie Zone. This geophysical data
indicates substantial width and kilometre-scale strike-length to these anomalies that also remain open
at-depth beyond 250 m, providing very compelling targets that have never been drilled. We look forward
to sharing more results as we continue to uncover the significant discovery potential of the Dalvenie
Zone."
Highlights
Newly acquired 2022 IP data
extend
the total potential strike-length of shear structures
hosting copper and gold mineralization at the Dalvenie Zone to over 2.7 km (
Figures 1A,
1B).
High to moderate resistivity and chargeability anomalies
are spatially associated with
multiple styles of mineralization present at surface. Historical and surface rock grab outcrop
sample highlights include:
14.15 grams per tonne (g/t) gold (Au), 4.31% copper (Cu), and 63.1 g/t silver (Ag)
(see
February 9, 2023
news release)
from the central Dalvenie Zone (Figure 2A)
.
2.97 g/t Au
from a historical rock grab sample within the west Dalvenie Zone that contained
arsenopyrite in vuggy quartz veins (Figure 2B).
Chargeability and resistivity signatures indicate an apparent potential
convergence of the
central and west Dalvenie Zones, widening from a minimum ~250 metres in the south to
~500 metres in the north.
Anomalies remail
open beyond 250 metres vertical depth
(Figures 2A, 2B).
The Dalvenie Zone has
never been tested by systematic drilling
; Torr is well positioned to
follow up on a robust set of pre-existing and newly identified targets.
Figure 1A.
2022 IP resistivity survey in plan view with locations of 2022 rock grab sampling within the
Dalvenie Zone. Select assay values outlined in red (2022) and historical rock grab samples in blue (pre-
2022).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6794/159202_657e348e143a5b67_001full.jpg
Figure 1B.
2022 IP chargeability survey in plan view with locations of 2022 rock grab sampling within
the Dalvenie Zone. Select assay values outlined in red (2022) and historical rock grab samples in blue
(pre-2022).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6794/159202_657e348e143a5b67_002full.jpg
Figure 2A.
2022 IP survey line 14 with resistivity and chargeability in vertical section. Select assay
values outlined in red (2022) and historical rock grab samples in blue (pre-2022).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6794/159202_657e348e143a5b67_003full.jpg
Geological Interpretation
Within the Dalvenie Zone the geophysical footprint is consistent over 2.7 km, providing an essential tool
for understanding the subsurface geometry of the potential controls to the identified copper-gold system
(Figures 1A, 1B). Rock grab samples that returned high grade copper and gold from within north-
northeast trending shear structures and hydrothermal breccias are spatially coincident with linear trends
of moderate to high resistivity and marginal zones of moderate to high chargeability (Figures 1A, 1B).
Based on surface mapping the linear trend to resistivity anomalies is likely the result of increased silica
content within shear structures and breccias that host mineralization. Areas of high chargeability are
attributed to elevated sulphide content in host lithologies and bedding-parallel shear structures that dip
moderately to the east. Within the northern section of the 2022 IP survey (Figure 2B) the west Dalvenie
Zone contains vuggy quartz rock grab samples with elevated values in gold, arsenic, and antimony
relative to copper, suggestive of a potential higher-level exposure of an epithermal system. Within this
northern section the moderate to high resistivity and chargeability anomalies associated with the west
and central Dalvenie Zones appear to converge, widening and deepening with a moderate plunge to the
north that provides a substantial near-surface target that remains open along-strike and at-depth.
Figure 2B.
2022 IP survey line 5 with resistivity and chargeability in vertical section. Select assay values
outlined in red (2022) and historical rock grab samples in blue (pre-2022).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6794/159202_657e348e143a5b67_004full.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:
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.
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
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"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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