Torq Provides Update on Santa Cecilia Gold-Copper Project
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Torq Provides Update on Santa Cecilia Gold-Copper Project
Vancouver, Canada – January 26, 2022 – Torq Resources Inc. (TSX-V: TORQ , OTCQX: TRBMF) (“Torq” or the
“Company”) is pleased to provide an update on the exploration and permitting progress 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 (Figure 1) . Torq’s technical team has conducted an initial geological eval uation of the
available historical drill core and has identified multiple phases of porphyry intrusions and believes that there are
several potential high -grade targets within the 10 square km hydrothermal alteration system. In addition, the
Company is working closely with the local community on a plan for the first phase of exploration , which would
include drilling from existing drill pads and building roads to the project, with the goal of commencing work in the
second quarter of this year.
A Message from Michael Henrichsen, Chief Geologist:
“The historical drill core that targeted the porphyry system at the Santa Cecilia project provides evidence of the
incredible scale and strength of the observed mineralized system. This has given our technical team further
confidence that high-grade porphyry mineralization will be present as we move forward in targeting clusters of
distinct porphyry bodies across the project area.”
A Message from Shawn Wallace, Executive Chair:
“Santa Cecilia continues to impress our team as we deepen our understanding of the prospective nature of the
geological system and prioritize targets for the initial drill campaign. We are also very encouraged by the progress
made by our social team ’s initial engagement with the local communit y. Fostering good relationships with all
stakeholders is a cornerstone to our business plan and we believe this is the start to a mutually beneficial, long-
lasting relationship at Santa Cecilia. We are also very excited to receive drill results from our inaugural drill program
at the Margarita project, which is currently underway.”
Geological Evaluation of Historical Core from Santa Cecilia Gold - Copper Project:
The Santa Cecilia project is characterized by both gold epithermal and gold – copper porphyry styles of
mineralization and demonstrates geological similarities to multi-million-ounce deposits in the region, such as La
Coipa, Cerro Maricunga and the immediately adjacent Caspiche and Cerro Casale gold – copper porphyry deposits,
held by Newmont and Barrick. Torq’s technical team conducted a geological evaluation of the only two drill holes
targeting copper porphyry mineralization at Santa Cecilia, drilled into the Cerro del Medio target in the center of the
property by the private owner in 2012 (Figures 2 - 3). These two drill hol es intersected 925.7 m of 0.45% CuEq ,
consisting of 0.21 g/t gold, 0.27% copper and 82 ppm molybdenum (CDM -12-003) and 868.8 m of 0.35% CuEq ,
consisting of 0.09 g/t gold, 0.2% copper, and 156 ppm molybdenum (CDM -12-002) and are associated with low
resistivity values . Located approximately 500 m apart, drill holes CDM -12-002 and CDM -12-003 intersected
mineralization associated with extensive zones of stockwork veining within highly altered volcanic and intrusive
rock. Gold-copper-molybdenum minerali zation is associated with the strong, multi -phase EB, A, B, and D type
porphyry styles of veining recognized (Figures 4 - 5). Both holes are characterized by strong potassic alteration that
is locally overprinted by sericite -chlorite or advanced argillic a lteration assemblages. Drill hole CDM -12-002
intersected mineralization within a volcanic package of rock , including andesites and tuffaceous units that are
within the wall rock of the causative mineralizing intrusions that were intersected in drill hole C DM-12-003, which
included quartz diorites, diorites, micro-diorites and igneous and hydrothermal breccia bodies. This is important as
it demonstrates the overall strength of the hydrothermal system that pervasively altered the wall rocks in drill hole
CDM-12-002 and also points toward additional mineralized porphyry bodies to the east of drill hole CDM-12-003.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Drill holes CDM-12-002 and CDM -12-003 demonstrate a vertical distance of over 1 ,200 m of continuous gold -
copper-molybdenum-style porphyry mineralization. When combined with a dditional historical drilling at the Cerro
del Medio target that was conducted by a major international mining company in 1988-1990 to define shallow oxide
gold epithermal mineralization, the historical data and drill core suggest over 1,500 vertical metres of continuous
mineralization (Figures 2 - 3). There is no historical core available from the shallow drilling in 1988 -1990, which
consisted of approximately 14,000 m. In addition, CDM-12-002 and CDM -12-003 have thus far defined porphyry -
style mineralization over 800 m in a north -south direction and 500 min an east -west direction. The initial
observations from these two drill holes demonstrate two or three distinct pulses of porphyries an d associated
mineralization. Importantly , all the known mult i-phase porphyry projects and mines in the region have one
porphyritic phase with higher grades, which is critical in terms of economic viability. Torq’s technical team believes
that, given the outstanding strength and size of the hydrothermal system at Santa Cecilia , one or more higher -
grade porphyritic phases will be present. Discovering one of these higher -grade porphyry phases is the primary
exploration objective in the coming drill campaigns over this 10 square km hydrothermal alteration system.
Figure 1: Illustrates the location of the Santa Cecilia project in the southern region of the world-class Maricunga belt, which includes world-
class multi-million-ounce deposits such as Salares Norte, La Coipa, Cerro Maricunga, Marte, Lobo, La Pepa, El Volcan, Caspiche and Cerro
Casale.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 2: Illustrates the two-hole drill program conducted from January 2012 to May 2012 to test for porphyry mineralization beneath the shallow
epithermal mineralization encountered in the previous operator’s drilling. The two hol es were drilled from the northern side of the topographic
high, defining the Cerro del Medio target area, and both intersected hundreds of metres of gold – copper – molybdenum porphyry -style
mineralization.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 3: Illustrates one of the two drill hol es conducted in 2012 to target porphyry mineralization beneath the epithermal mineralization
encountered in the previous operator’s drilling. Importantly, gold -copper porphyry mineralization corresponds to an area of 2 km x 2 km x 1 km
of low resistivity v alues defined in both induced polarization and magneto -telluric geophysical surveys with mineralization open at depth and
laterally.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 4: Illustrates multi-phase mineralized porphyries associated with strong stockwork veining and potassic alteration.
TSX.V: TORQ | OTCQX: TRBMF 600 – 1199 West Hastings Street, Vancouver, BC, Canada V6E 3T5
Figure 5: Illustrates multi-phase mineralized porphyries associated with strong stockwork veining and potassic alteration.
Michael Henrichsen (Chief Geologist), P.Geo is the Qualified Person who has reviewed and 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 contact Natasha Frakes, Vice President of 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 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 standards and technical proficiency. The technical team includes Chile -based geologists with invaluable local
expertise and a notewor thy track record for major discovery in the country. Torq is committed to operating at the highest
standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery. For more
information, visit www.torqresources.com.
Notes on Historical Exploration Information
In the course of optioning the Santa Cecilia property, the Company’s geological staff was provided with a number of technical
reports by past operators dating variously from 1985 to 2015. All drill results and material data sets have been included in this
news release. Th ese reports summarized and assessed certain geological, geochemical and geophysical work carried out by
the past operators. Also included in the information package provided were reports on drilling in 1988, 1989, 1990, and 2012,
including assays. None of the reports attempted to establish any resource on the property. The Company’s geological staff has
now digitized much of the underlying data and is using the reformatted information to assess the conclusions of the earlier work
and to plan future work. Dr ill core from the 2012 drill program is still available for re -assay. The prior work will be summarized
and evaluated in an NI 43 -101 compliant report. Until such summary and assessment are described in an NI 43 -101 report,
readers of this news release sho uld appreciate that the posited geological modelling is based on information which, while
compiled by reputable operators, has not yet been systematically verified and evaluated for accuracy and completeness.
2012 CDM Drilling
Historical drill samples we re taken by sawing drill core into equal halves on site with one half being sent to Acme Analytical
Laboratories in Copiapo, Chile for preparation and analysis. All samples were assayed using 30 g nominal weight fire assay with
AAS finish (Acme method G6) for gold. Silver and base metals were analyzed as part of the multi-element aqua regia digest ICP-
ES method (1D01). QA/QC programs for 2012 core samples using lab duplicates, standards and blanks indicate good accuracy
and precision in a large majority of standards assayed.
Copper equivalent grades (CuEq) were calculated using copper price of US$3/lb, gold price of US$1300/oz, and molybdenum
price of US$18/lb. Metallurgical recoveries were not applied to the copper equivalent calculation.
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 different (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.