Torq Commences Drilling at the Margarita Copper-Gold Project in Chile
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Torq Commences Drilling at the Margarita
Copper-Gold Project in Chile
Vancouver, Canada – October 7, 2021 – Torq Resources Inc. (TSX-V: TORQ, OTCQX: TRBMF) (“Torq” or
the “Company”) is pleased to announce that it has commenced its first drill program at the Margarita
Iron-Oxide-Copper-Gold (IOCG) project , which is situated within the prolific Coastal Cordillera belt in
northern Chile. The initial phase of drilling is expected to consist of approximately 4,000 metres (m) with
the primary target being the copper – gold sulphide source mineralization to the observed widespread
copper oxide mineralization in the southern region of the project (Figure 1). Margarita is host to a large-
scale alteration system , which hosts three primary target areas that will be tested in the current drill
program (Figures 1- 2). These target areas have been defined through geological mapping, rock and soil
geochemical surveys and ground-based magnetics and induced polarization geophysical surveys (Figure
3).
A Message from Shawn Wallace, Executive Chairman:
“We are excited to commence our initial drill campaign at Margarita , which represents a solid year of
negotiating the acquisition and refining the technical data in order to define the best drill targets on a
very high quality, large -scale bulk tonnage exploration project. This will potentially be a catalytic period
for Torq shareholders as we enter into the next level of exploration and continue to add to our already
substantial portfolio in Chile.”
Target Summary:
The southern target area is characterized by a large scale 1.5-kilometre (km) by 500 m copper -in-soils
(pXRF) anomaly , which is hosted within a dioritic to dacitic intrusive complex that exhibits abundant
copper oxide mineralization within stockwork vein zones on surface. Rock sampling from the target area
includes values of up to 1.68% copper and 0.99 g/t gold within silica -hematite breccia bodies . These
bodies overlay high chargeability values , which indicate the presence of sulphides and magnetic
anomalies that may be related to magnetite-copper sulphide mineralization.
The northern target area is situated along two parallel northwest trending structures that are defined by
copper-in-soils (pXRF) , geochemical anomalies and geologic mapping . These target areas are
characterized by high chargeability values , indicating the presence of sulphides , and resist ivity lows ,
indicating hydrothermal alteration at a depth of 150 – 300 m.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 1: Illustrates the large-scale clay-silica alteration system that is centered on the Margarita property and the position of
the copper oxide mineralization on the southwest corner of the project area.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 2: Illustrates the location of the primary targets at the Margarita project. Note the southern target area is comprised of
the Margarita and Cototuda target areas that are characterized by abundant coppe r oxide mineralization on surface over a 1.5
km by 500 m area within dioritic to dacitic intrusive bodies. The target areas to the north are situated along north -northwest
structural trends that are interpreted to be the extensions of structures at the Margarita and Cototuda target areas.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 3: Illustrates geological and geophysical cross sections from the southern target areas of Margarita and Cototuda where
targets are characterized by geophysical characteristics of chargeability highs, indic ating the presence of sulphide minerals,
resistivity lows, indicating hydrothermal alteration, and magnetic highs, indicating the potential for magnetite – copper sulphide
mineralization.
Issuance of Options:
On September 10, 2021 (see news release), Torq announced that its Board of Directors had appointed Carolina
Vargas as a Di rector and Marie-Hélène Turgeon as a Board observer and advisor. The Company has issued
187,500 options to each Ms. Vargas and Ms. Turgeon at an exercise price of CAD$0.82 with an expiration
date five years from the date of grant.
Michael Henrichsen (Chief Geologist), P.Geo is the QP who assumes responsibility for the technical contents
of this press release.
ON BEHALF OF THE BOARD,
Shawn Wallace
Executive Chairman
For further information on Torq Resources, please visit www.torqresources.com or contact Natasha Frakes, Vice President of
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Communications, at (778) 729-0500 or [email protected].
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
About Torq Resources
Torq is a Vancouver -based copper and gold exploration company with an established portfolio of premium holdings in Chile.
The Company was built by a management team with prior success in monetizing two well -known exploration companies. Torq
is further supported by a specialized technical team, recognized for their ex pertise and experience working with major mining
companies. This includes the Company’s Chile-based technical team with a noteworthy track record for major discovery in that
country. Torq’s invaluable local expertise has provided the leverage and connectio ns for the Company to continue to acquire
and explore highly prospective assets in the pursuit of a landmark discovery. For more information,
visit www.torqresources.com.
Chile Rocks 2021 (Margarita)
Approximately 2 -3 kg of material was collected for analysis and sent to ALS Lab in Copiapo, Chile or La Serena, Chile for
preparation and analysis. All samples are assayed using 30g nominal weight fire assay with ICP finish (Au-ICP21), multi-element
four acid digest ICP-AES/ICP-MS method (ME-MS61), and copper sulphuric acid leach with AAS finish (Cu-AA05). Where MS61
results were greater or near 10,000 ppm Cu the assay were repeated with ore grade four acid digest method (Cu-OG62). QA/QC
programs for 2021 rock samples using lab duplicates, standards and blanks indicate good accuracy and precision in a large
majority of standards assayed.
pXRF soil samples were collected under the supervision of Torq geologists in the field. At the proposed samp le location, holes
were dug to expose the B horizon (generally 30 cm depth). B -horizon material was siev ed passing #30 mesh to collect
approximately 200 g and placed in marked sample bags. Sample site location and description were collected digitally in th e
field. Sample material was dried at a field lab and a split was placed in covered pXRF cups and labelled with sample ID. pXRF
analysis were taken on the cups at the field lab using 3 -beam 60 second soil mode on an Olympus Vanta M series unit. QA/QC
measures included field site duplicates as well as regular pXRF analysis of standards and blanks at the field lab. At the beginning
of the sampling program, a calibration curve correction for the Vanta pXRF unit was determined through analysis of reference
material and subsequently applied to all sample analysis of the program.
Forward Looking Information
This release includes certain statements that may be deemed “forward -looking statements”. Forward -looking information is
information that includes implied future performance and/or forecast information including information relating to, or
associated with, exploration and or development of mineral properties. These statements or graphical information involve
known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the
Company to be materially di fferent (either positively or negatively) from any future results, performance or achievements
expressed or implied by such forward-looking statements.
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.