Torr Metals Signs Communications and Engagement Agreement with Tahltan Central Government
Torr Metals Signs Communications and
Engagement Agreement with Tahltan Central
Government
Vancouver, British Columbia--(Newsfile Corp. - January 5, 2022) - Torr Metals Inc. (TSXV: TMET)
("
Torr"
or the "
Company
") is pleased to announce the signing of a Communications and Engagement
Agreement with the Tahltan Central Government, (the "Agreement") covering the Company's 100%
owned Latham Copper-Gold Project, located in a road-accessible area of the Golden Triangle, British
Columbia, Canada.
The Agreement provides direction to the parties for ongoing discussions and cooperation regarding
Torr's Latham Copper-Gold Project, as well as providing a framework for sharing of information and
open dialogue with transparent communication regarding Torr's activities in Tahltan Territory.
Malcolm Dorsey, President and CEO of Torr commented, "We are pleased to have entered into this
agreement with the Tahltan Nation at an early stage for Torr Metals and the Latham Copper-Gold
Project. With the establishment of this important agreement we show our commitment to building a
respectful and constructive relationship as we ensure a shared path forward with the initiation of our
Phase 1 exploration program."
About the Latham Project
The ~538 km
2
Latham Copper-Gold Project is located on Highway 37 approximately 16 km south of the
regional airport and town of Dease Lake, British Columbia, within the prolific Golden Triangle and in
Tahltan Territory. This region is host to a number of major copper-gold deposits including the Red Chris
mine and Saddle North deposits located 40 km and 30 km to the south respectively, with the Schaft and
Galore Creek deposits within 140 km to the southwest. Highlights of the Latham Copper-Gold Project
include:
Contains the Gnat Pass copper-porphyry deposit
- Initially discovered along with the Red
Chris deposit during the 1960's porphyry rush in northern British Columbia. Initial compilation of
data shows that the Gnat Pass copper soil anomaly remains open to the north and has only been
partially tested by historical drilling. Within the historical deposit area drilling also suggests copper
mineralization remains open along-strike, to the east, and at-depth,
Approximately 111 drillholes have targeted the Gnat Pass deposit, with 2012 historical drill
highlights including
0.34% copper over 103 metres, 0.28% copper over 149 metres, and
0.44% copper over 56 metres
(see NI 43-101 Technical Report (August 24,2021),
Excellent exploration potential with an additional
9 known at-surface mineral occurrences
exhibiting characteristics of
porphyry and epithermal systems
supported by a
robust
historical dataset
- a large portion of the property also remains underexplored,
Gold potential on the property remains largely untested in drilling, with
current known rock grab
samples assaying up to 6.45 g/t gold (Au) and historical gold soil anomalies up to 309.10
ppb Au
,
Road accessible located along paved Highway 37, nearby provincial power grid and regional
airport, and proximity to existing mines in a proven and profitable mining jurisdiction that is within a
highly prospective region of the Golden Triangle.
Qualified Person
This news release's technical content was 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 ~538 km
2
Latham Copper-Gold Project, located in
northern British Columbia within the "Golden Triangle" portion of a prolific arc of metal endowment
known as the "Golden Horseshoe." 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 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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https://www.newsfilecorp.com/release/109077