Torq Commences Drilling at Santa Cecilia and Announces Board Change
TSX.V: TORQ | OTCQB: TRBMF 1400 - 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Torq Commences Drilling at Santa Cecilia and Announces Board Change
VANCOUVER, BRITISH COLUMBIA, CANADA – February 27, 2025 – Torq Resources Inc. (TSX-V: TORQ,
OTCQB: TRBMF) (“Torq” or the “Company”) is pleased to announce the commencement of drilling at its
Santa Cecilia gold – copper project located in the world -class Maricunga belt in northern Chile,
approximately 100 kilometres (km) east of the city of Copiapo. The Santa Cecilia project is in the vicinity
of the Norte Abierto project, held by Newmont and Barrick, which is comprised of the Caspiche and Cerro
Casale gold – copper porphyry deposits (Figure 1). The planned drilling will focus on the Pircas Norte
and Gemelos Norte targets, where the Company intercepted broad gold and copper mineralization
including 120 metres (m) of 1.33 g/t gold and 0.096% Copper in drill hole 24SC -DDH-005; 498m of 0.36
g/t gold and 0.08% copper in drill hole 24SC -DDH-003; and 98m of 0.18 g/t gold and 0.043% copper in
drill hole 24SC -DDH-004 (See news releases dated May 23 and April 18, 2024) (Figure 2). Importantly,
both drill holes at Pircas Norte, 24SC -DDH-005 and 24SC -DDH-003, ended in mineralization and the
reported intercepts remain open, thus one of the primary goals of the current program will be to extend
drill hole 24SC-DDH-005 (Figure 3). The program will comprise five to seven drill holes for approximately
4,000m utilizing two drill rigs (Figure 2) as part of Gold Fields’ initial USD$6 million funding commitment
to the project.
A Message from Shawn Wallace, CEO:
“The commencement of drilling at Santa Cecilia after completion of the JV agreement with an affiliate of
Gold Fields is a pivotal moment for Torq and for the Santa Cecilia property. Armed with adequate capital
resources, we now can explore this highly prospective gold and copper project with the intensity that it
requires. 2025 will be an exciting year for all shareholders and stakeholders as we, together with our
partner attempt to aggressively unlock the value that we believe exists at Santa Cecilia.”
TSX.V: TORQ | OTCQB: TRBMF 1400 - 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 1: Santa Cecilia Project Location in the Maricunga belt in relation to Newmont and Barrick's Norte Abierto joint venture.
TSX.V: TORQ | OTCQB: TRBMF 1400 - 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 2: Proposed drilling at Pircas Norte and Gemelos Norte targets.
TSX.V: TORQ | OTCQB: TRBMF 1400 - 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 3: The reported intercept from drill hole 24SC-DDH-005 remains open. One of the first steps for the current campaign will be
to extend this hole.
Additional Discussion
The Pircas Norte target is characterized by mineralized porphyry copper outcrops with an overlying gold-
copper-molybdenum soil anomaly covering an area of approximately 600 m by 600 m. Selective rock
samples within a dioritic porphyry at Pircas Norte have returned values ranging between 0.3 and 0.83 g/t
gold. Limited drilling at Pircas Norte has returned intriguing results, including 502m of 0.36 g/t gold and
0.078% copper from 24SC -DDH-003 (from 102 m to 600 m, end of hole) and 120 m of 1.33 g/t gold,
0.09% copper from 24SC -DDH-005, at a depth of 376 m to 496 m (end of hole). This latter drillhole
features high-grade quartz veins included within the broader interval, which returned 2.0 m of 47.90 g/t
gold from 414 m. A selective sample of a 27 cm wide quartz vein from 484.63 m returned 39.70 g/t gold.
Also, hole 24SC -DDH-005 i ntersected four further zones of significant gold -copper mineralization,
including 118 m of 0.26 g/t gold and 0.034% copper from surface. This hole was drilled 315 metres
northeast of drill hole 23SC-DDH-003.
At the Gemelos Norte target, drill hole 24SC -DDH-004 intercepted 98 m of 0.18 g/t gold and 0.043%
copper (Cu) at a depth of 274 m and 100 m of 133 ppm molybdenum at a depth of 56 m to 156m. Drilling
will focus on expanding the current footprint of drilled mineralization as well as searching for a potential
TSX.V: TORQ | OTCQB: TRBMF 1400 - 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
causative intrusion.
Corporate Update:
As disclosed in the recent shareholder meeting proxy materials, director Steve Cook, age 69, has
completed his retirement from his role of Lead Independent Director . The Company’s CEO, Shawn
Wallace, stated “On behalf of Torq and the Board, I would like to thank Steve for all his efforts over the
last decade and in particular the last 12 months as Torq turned the corner . I wish Steve nothing but
success in his future endeavors.”
Bryan Atkinson, P.Geol is the qualified person who has reviewed and approves of all the technical
contents in this press release.
ON BEHALF OF THE BOARD,
Shawn Wallace
CEO & Chair
For further information on Torq Resources, please visit www.torqresources.com or contact the
company at (778) 729-0500 or [email protected].
About Torq Resources
Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company
is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable
practices. The Company was built by a management team with prior success in monetizing exploration assets and its
specialized technical team is recognized for their extensive experience working with major mining companies, supported by
robust safety standard s and technical proficiency. The technical team includes Chile -based geologists with invaluable local
expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest
standards of applicable enviro nmental, social and governance practices in the pursuit of a landmark discovery. For more
information, visit www.torqresources.com.
Forward Looking Information
This release includes certain statements that may be deemed “forward -looking statements”. Forward -looking information in
this release includes statements that relate to the possibility that drilling will demonstrate the extension of favourable geological
structures. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements of the Company to be materially different (either positively or negatively) from any future results,
performance or achievements expressed or implied by some of the principal forward -looking statements. See Torq’s Annual
Information Form filed April 29, 2024, at www.sedarplus.ca for disclosure of the risks and uncertainties faced in this business.
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 release.