Torq drills 120 Meters of 1.33 g/t Gold, and 0.096% copper ending in mineralization on its Second discovery Drillhole at Pircas Norte, Santa Cecilia Gold-Copper Project
TSX.V: TORQ | OTCQX: TRBMF 1630 – 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
Torq drills 120 Meters of 1.33 g/t Gold, and 0.096% copper ending in mineralization on its Second discovery
Drillhole at Pircas Norte, Santa Cecilia Gold-Copper Project
Vancouver, Canada – May 23, 202 4 – Torq Resources Inc. (TSX-V: TORQ , OTCQX: TRBMF) (“Torq” or the
“Company”) is pleased to announce the second set of results from the recently completed Phase II drilling program
at its Santa Cecilia project, located in the prolific Maricunga belt, in the Atacama region of Chile (Figure 1).
The second discovery hole, 24SC-DDH-005, intercepted an interval of 120 m with 1.33 g/t gold (Au), 0.096% copper
(Cu) at a depth of 376 m to 496 m (end of hole) ending in mineralization . A high-grade quartz vein w as included
within the broader interval, which returned 2.0 m of 47.90 g/t gold from 414 m (Table 1). A selective sample of a
27 cm wide quartz vein from 484.63 m assayed 39.70 g/t gold. Drill hole 24SC -DDH-005 intercepted four other
zones of significant gold and copper mineralization including 118 m of 0.26 g/t gold and 0.034% copper from
surface (Table 1). The hole was drilled 315 meters southeast East of the previously announced 502 m of 0.36 g/t
gold and 0.078% copper intercept from 23SC-DDH-003 (see April 18, 2024 News Release) (Figure 2). The reported
intercepts from the Pircas Norte discovery demonstrate both the overall potential scale and grade of the
mineralized body which remains open in all directions. The Company is encouraged by the results to date from the
limited drilling at both Pircas Norte and Gemelos Norte and is currently planning additional drilling with a particular
focus on the high grade broad gold mineralization seen at Pircas Norte.
At the Gemelos Norte drill hole 24SC-DDH-004 intercepted 98 m of 0.18 g/t gold and 0.043% copper (Cu) were
obtained at a depth of 274 m and, 10 m of 0.36 g/t Au and 0.004% Cu at a depth of 12 m (Table 2). The entire drill
hole was anomalous in both copper and gold mineralization and the Gemelos Norte target remains open .
A Message from Shawn Wallace, CEO and Chair:
“We believe we are amidst a discovery within a major copper gold system and today’s results are a pivotal discovery
milestone at our Santa Cecelia copper gold exploration project. Torq had previously identified numerous large scale
porphyry targets and have tested three which have delivered through limited drilling considerable widths of
mineralization over 500 meters in past holes and are now encountering much higher grades.
The next steps of exploration will be driven by both discovery extension target and new discoveries as we enter a
strengthening commodity maket for copper and gold.“
Table 1: Highlights of Torq’s drill results from the Pircas Norte target at the Santa Cecilia gold copper project.
Hole ID From
(m) To (m) Length (m) Au (g/t) Cu (%) Mo (ppm)
24SC-DDH-005
2 120 118 0.26 0.034 22.9
128 182 54 0.20 0.058 14.0
238 242 4 0.16 0.013 5.6
316 322 6 0.23 0.050 7.1
376 496 120 1.33 0.096 15.4
Incl. 386 496 110 1.44 0.103 16.5
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Incl. 414 416 2 47.90 0.178 9.4
Main interval is selected using Au grade*thickness no less than 0.5g/t*m with average interval grade no less
than 0.1g/t, maximum consecutive dilution 6m; Sub-intervals are selected using Au grade*thickness no less
than 1.0g/t*m with average interval grade no less than 0.2g/t, maximum consecutive dilution 4m ; True widths
of mineralization are unknown based on current geometric understanding of the mineralized intervals
Table 2: Highlights of Torq’s drill results from the Gemelos Norte target at the Santa Cecilia gold copper project .
Hole ID From (m) To (m) Length (m) Au (g/t) Cu (%) Mo (ppm)
24SC-DDH-004
12 22 10 0.36 0.004 4.8
124 132 8 0.23 0.064 59.4
158 166 8 0.11 0.032 15.6
244 266 22 0.12 0.040 4.8
274 372 98 0.18 0.043 5.4
394 404.2 10.2 0.14 0.037 5.6
Main interval is selected using Au grade*thickness no less than 0.5g/t*m with average interval grade no less
than 0.1g/t, maximum consecutive dilution 6m; True widths of mineralization are unknown based on current
geometric understanding of the mineralized intervals
Detailed Discussion.
The 2024 Phase II Santa Cecilia drill program comprised 1,500.2 m in three drill holes. Drill holes 23SC -DDH-003
and 24SC-DDH-005 were completed at the Pircas Norte target and drill hole 24SC -DDH-004 was completed at the
Gemelos Norte target (Table 3).
Table 3: 2024 Drill Hole Summary
Hole ID Azimut Dip Depth Target Comment
24SC-DDH-003 15 -60 600.0 Pircas Norte Ended in mineralization
24SC-DDH-004 167 -58 404.2 Gemelos Norte Bottom 160m @ 0.15ppm Au
24SC-DDH-005 331 -59 496.0 Pircas Norte Ended in mineralization, high grade Au veins
The Pircas Norte and Gemelos Norte targets are located within 1 - 2 km of the Caspiche deposit. Pircas Norte has
the largest surface footprint of observed porphyry mineralization at Santa Cecilia, measuring approximately 300 m
x 400 m (Figure 2). Most of the Pircas Norte area is covered by colluvium . However, selective rock samples have
returned values between 0.35 g/t Au and 1.43 g/t Au, 0.09% Cu and 0.47% Cu, and irregular anomalies of up to 4
ppm Mo. The absence of epithermal indicators in the overburden suggests that Pircas Norte could host a shallow
porphyry system which may be easier to access. In the southern region of Pircas Norte, the porphyry zone is in fault
contact with the 600 m in diameter Pircas dacite dome system.
Drill hole 24SC -DDH-005, intersected various types of porphyritic units, some with autobreccia style, including
wallrock fragments, mainly from early Paleocene basement. Like drillhole 24SC-DDH-003, the drilling has shown ,
overprinted on top of the Porphyry style mineralization, late-stage gold -lead-zinc veining, represented by pyrite,
chalcopyrite, low-iron sphalerite, galena structures, particularly important at the bottom of the hole, where coarse,
visible gold was encountered.
The units intersected by 24SC-DDH-005 may be summarized as follows (Figure 3, 4 & 5):
• Overburden, from 0 to 4.9 m
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• Diorite Intrusive Breccia, from 4.9 to 68 m, fine grained porphyritic Diorite, locally autobreccia, and fine, dark
wallrock and quartz veinlet fragments. Average 0.35 g/t Au, 0.04% Cu, 33 ppm Mo. Strongly oxidized, minor
stockwork veining and late polymetallic veins.
• Diorite Porphyry (Amphibole – Biotite), from 68 to 152 m, coarser grained than the former, local quartz
grains. Average 0.14 g/t Au, 0.03% Cu, 9 ppm Mo.
• Diorite Intrusive Breccia, from 152 m to 177.8 m, average 0.26 g/t Au, 0.09% Cu, 21 ppm Mo. Frequent
Magnetite veining
• Quartz Diorite Porphyry (Fine Grained), from 177.8 m to 203 m, average 0.07 g/t Au, 0.01% Cu, 5 ppm Mo.
Minor veining, mostly late.
• Late Diorite Porphyry, from 203 to 385.5 m, average 0.04 g/t Au, 0.01% Cu, 3 ppm Mo. Considered to be
late stage, with very minor stockwork, rare late, polymetallic veins. Occasional wallrock lithic fragments.
• Diorite Intrusive Breccia, from 385.5 to 496 m (end of hole), average 0.58 g/t Au, 0.1% Cu, 16 ppm Mo (for
averaging purposes, 3 high gold grades, corresponding to late-stage veins, were normalized to 1.5g/t). This
lithologic unit features intense A and D type stockwork veining. Also, numerous late polymetallic veins, up
to 10 centimeters wide. At least one of these with visible gold: 484.63 m to 484.9 m @ 39.7 g/t Au, 19.1 g/t
Ag, 0.17% Cu, 0.54% Pb and 1.2% Zn. The average of this unit (110 m, from 386 to 496 m), including the
high-grade vein material (three 2 m intervals) gives 1.44 g/t gold, 0.103% Copper, 16.5 ppm Molybdenum.
This later unit is similar to the Intrusive Diorite Breccia intersected at the end of 24SC-DDH-003, with similar grades
(168 m @ 0.46 g/t Au – 0.09% Cu), suggesting an important distribution for this lithologic unit. In vertical sense, at
least 300m might be considered, where at surface, preliminary sampling in porphyritic rocks returned similar values
directly above.
The high-grade gold and base metal late quartz veining intercepted at Pircas Norte in 24SC-DDH-005 is interpreted
to represent a strong vector to the main gold-copper porphyry body which will be investigated with further drilling .
24SC-DDH-004 was drilled at the Gemelos Norte target, on the northeastern flank of the Gemelos Rhyolite Dome,
some 550 m in diameter, where a clear gold and molybdenum anomaly was outlined by the 2022-2023 70 – 80 m
spaced geochemical survey. Surface rock sampling and mapping confirmed the coincident location of thin , gold
bearing stockwork at the dome lithology. The drill hole was set to test the anomaly and veining observed at surface.
Results show the Rhyolite dome strongly anomalous in Moly, 108 m @ 124 ppm Mo in breccia zone (gold 0.07 g/t).
The Porphyries lower down run lower Mo but higher gold, 170 m @ 0.15 g/t.
The units intersected by 24SC-DDH-004 may be summarized as follows (Figure 6):
• Overburden from 0 to 14, one 2 m sample @ 1.36 g/t Au.
• Gemelos Rhyolitic Dome, from 14 m to 234 m. Quartz bearing feldspar porphyry, locally brecciated, rarely
banded, strongly argillized. This unit averages: 0.058 g/t Au, 0.016% Cu, 66 ppm Mo. One major stretch
with discontinuous breccia intervals, from 56 to 150 m, averages 0.065 g/t Au, 0.02% Cu, 138 ppm Mo.
• Dacitic Porphyry, with Chlorite, Magnetite, 234 m to 334 m, averaging 0.14 g/t Au, 0.038% Cu, 4 ppm Mo.
Frequent A and D veins.
• Fine Grained Dacite Porphyry, from 334 m to 372 m, averaging 0.2 g/t Au, 0.044% Cu, 7 ppm Mo. Frequent
A and D veins, local crackle breccia.
• Quartz Diorite Porphyry, from 372 to 404.2 m (end of hole). Averaging 0.1 g/t Au, 0.026% Cu, 4 ppm Mo. D
veins.
The results suggest that the porphyry system at the Gemelos Norte target is seperate from Pircas Norte with The
volcanic Dome at Gemelos plays an important role , carrying sub economic molybdenum values in direct contact
with Porphyry phases of interest. No late-stage polymetallic veins have been identified to date indicating the overall
exploration potential of the early stage Gemelos Norte target. exploration ground almost untouched.
Next Steps:
Torq's technical team has completed the detailed geological logging and is in the process of updating the
geological model to refine future drilling targets that will seek to expand the discovery at Pircas Norte as well as
advance the discovery of more mineralized porphyry bodies thorughout the Santa Cecilia property.
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Figure 1: Illustrates the location of the Santa Cecilia project in the Maricunga belt and in relation to the Norte Abierto
joint venture, held by Newmont and Barrick, which consists of the Caspiche and Cerro Casale deposits.
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Figure 2: The Pircas Norte objective and the location of the drilling, showing a preliminary interpretation and its
open potential.
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Figure 3: Pircas Norte drill hole 24SC-DDH-005, showing its intersections and its open potential.
TSX.V: TORQ | OTCQX: TRBMF 1630 – 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
Figure 4: Photographs of the core of drill 24SC-DDH-005 at the Pircas Norte target.
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Figure 5: Photographs of the core of drill 24SC-DDH-005 at the Pircas Norte target.