Torq Resources identifies a 25 km long gold corridor in Newfoundland
Torq Resources identifies a 25 km long gold corridor in Newfoundland
VANCOUVER, British Columbia – September 21 st, 2017 – Torq Resources Inc. (TSX-V:
TORQ; OTCQX: TRBMF), “Torq” or the “Company”) is pleased to announce the results from
the regional till sampling program on its Gander Gold Project lo cated in central Newfoundland,
Canada. The program was designed to identify c enters of gold mineralization beneath till cover
and has successfully identified 6 gold-in-till anomalies over a 25 km long structural trend.
These anomalies represent primary targets for future exploration and drilling.
Torq’s strategy is to rapidly advance these ta rgets to drill-ready status through an in-fill till
sampling program planned for the fall, followed by trenching and ground geophysics.
Torq CEO, Michael Kosowan commented, “This is an excellent start to our goal of making a
new major gold discovery in Newfoundland. The length of this trend is significant, with
encouraging signs of gold endowment in the area.”
Mr. Kosowan further stated, “The Company is well positioned with $17 million in the treasury to
pursue new discoveries in Newfoundland and make a dditional acquisitions in an effort to build
a world class gold exploration portfolio.”
The program screened a 50 km by 15 km area along a crustal scale fault zone considered by
Torq to be highly prospective for gold mineralization. A total of 1,749 samples were collected
across the Gander Gold Project identifying six mult i-kilometer long targets that cluster within a
25 km by 5 km corridor (Figure 1). The Company considers this geologic setting to be similar to
Dalradian’s high-grade gold deposit in Norther n Ireland. The Dog Bay Fault zone, which is
found in Newfoundland’s Northern Appalachians and runs through the Gander Gold Project, is
analogous to the tectonic and crustal scale setti ngs found in the Irish/ British Caledonides
Mountains (Figure 2). Historic al data from the Gander Gold Project demonstrates the high-
grade gold potential of the region with several rock and trench samples above 10 g/t gold from
both the Cracker and Lucky Moose prospects (See Table 1).
Table 1 – Historic grab and trench samples from selected prospects within the Gander Gold
Project:
Prospect Sample Type Au (g/t)
Cracker1 Grabs 702, 44, 33.87, 30.1, 22.7, 13.5, 9.3, 4.7, 2.77
Appleton #22 Grabs 4.96
Knob Hill3 Grabs 2.7
Third Pond4 Grabs 4.6
Grid 69 Gold5 Grabs 0.75
The Lucky Moose6 Grabs 30, 16.4, 5.67, 5.6
Trench 15.25 g/t over 3m
48.2 g/t over 0.8m
9.4 g/t over 4.25m
2.66 g/t over 9.05m
5 g/t over 4m
2.04 g/t over 4.25m
Refer to Mineral Occurrence Database System Report:
1. 002E/02/Au 015, (Pollett, 2002)
2. 002E/02/Au 014, (Lush, 2000), (MacPherson, 1991)
3. 002E/02/Au 004, (Evans, 1996), (Sheppard and Gallon, 1992)
4. 002E/02/Au 003, (Butler, 1988, 1989), (Sheppard, 1993b)
5. 002E/02/Au 010, (Gallon, 1991), Sheppard et al., 1991)
6. 002E/02/Au 018, (Quinlan, 2006)
Michael Henrichsen, P.Geo, and advisor to To rq, is the Qualified Person who assumes
responsibility for the technical disclosures in this press release.
On Behalf of the Board,
Michael Kosowan
President and CEO
For further information on Torq Resources, please contact Jay Adelaar, Manager of Investor
Relations at (778) 729-0500 or [email protected].
About Torq Resources:
Torq Resources is a junior exploration company with the goal of establishing a tier-one mineral
portfolio. The Company’s management team has raised over $500M and monetized successes
in three previous exploration companies. Its initial asset is a 120,000 hectare land package in
Newfoundland, Canada, an emerging gold jurisdiction. Torq is continually reviewing and
acquiring new precious metals targets on the path to discovery.
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.
Gander Till Sampling QA/QC Disclosure
Till samples (3 to 5 kg each) are sent to ALS Lab in Vancouver, BC for preparation and analysis. All samples are
analyzed using Ultra-Trace Au by Cyanide Extraction and IC P-MS finish method (Au-CN44) and ultra-trace multi-
element aqua regia digest ICP-AES/ICP-MS method (M E-MS41L). QA/QC programs using internal standard
samples, field and lab duplicates, re-assays, and blanks i ndicate good accuracy and precision in a large majority
of standards assayed.
Historic Grab and Trench Samples
The historic grab and trench samples were taken from Mineral Assessment Reports filed with Department of
Nature Resources, Newfoundland. Grab samples ar e a non-representative sampling technique and may not be
representative of the mineralization present on the pr oject. Further, Torq has not conducted any due diligence on
whether appropriate QA/QC protocols were followed in the collection of these samples, nor can it confirm their
accuracy or repeatability.
Figure 1: Highlights 6 well defined till anomalies within a 25 km long corridor situated along the Dog Bay fault
zone. These anomalies represent target areas that Torq will advance towards drill stage with a program of in-fill
till sampling, ground geophysics and trenching slated to begin in early October.
Figure 2: Illustrates the common tectonic setting of t he Northern Appalachians and Irish/British Caledonides
Mountains with the closing of the Iapetus Ocean as outlined by the red dashes and yellow polygon.