Torq to Initiate Follow-Up Drill Program to Margarita IOCG Discovery in Chile
Torq to Initiate Follow-Up Drill Program to
Margarita IOCG Discovery in Chile
VANCOUVER, BC / ACCESSWIRE / May 19, 2022 / Torq Resources Inc. (TSXV:TORQ),
(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce plans for a follow-up drill
program to expand upon the new discovery made at its Margarita Iron-Oxide-Copper-Gold
(IOCG) project, where drill hole 22MAR-013R intersected 90 metres (m) of 0.94% copper and
0.84 g/t gold (see May 2, 2022 news release). The follow-up drill program will consist of
approximately 4,000 m of reverse circulation (RC) drilling and will focus on testing an
approximately 1-kilometre (km) strike length along the Falla 13 structure, which demonstrates
the same geological, geochemical and geophysical characteristics as seen in the discovery drill
hole (Figures 1 - 3). The program is scheduled to begin in June, with construction on roads and
drill pads starting this week.
A Message from Shawn Wallace, Executive Chair:
"It is very seldom in modern mineral exploration that a company is fortunate enough to make a
bona fide new discovery with the potential for world-class size and grade. Our in-country team is
working hard to prepare for this follow-up drill campaign, which we anticipate commencing in
the first week of June. We look forward to building upon the potential that the discovery in hole
13 represents."
Figure 1: Illustrates the position of the discovery hole in the north - central region of the project
along the Falla 13 structural corridor.
Figure 2: Illustrates the 900 m copper-in-soils geochemical anomaly, as defined by portable X-
ray fluorescence (pXRF) along the Falla 13 structural corridor.
Figure 3: Illustrates the magnetic high associated with the mineralization encountered in drill
hole 22MAR-013R, which is interpreted to be associated with magnetite breccia bodies and
associated copper - gold mineralization.
Michael Henrichsen P.Geo, Torq's Chief Geological Officer, is the qualified person as defined
by NI 43-101 (Standards of Mineral Disclosure) who assumes responsibility for the technical
contents of this press release.
ON BEHALF OF THE BOARD,
Shawn Wallace
Executive Chair
For further information on Torq Resources, please visit www.torqresources.com or contact
Natasha Frakes, Vice President of Corporate Communications at (778) 729-0500 or
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 noteworthy 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.
Margarita Drilling
Analytical samples were taken using 1/8 of each 2m interval material (chips) and sent to ALS
Lab in Copiapo, Chile for preparation and then to ALS Labs in Santiago, Chile and Lima, Peru
for analysis. Preparation included crushing core sample to 70% < 2mm and pulverizing 250g of
crushed material to better than 85% < 75 microns. All samples are assayed using 30g nominal
weight fire assay with AAS finish (Au-AA23), 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). Where Au-AA23 results were greater than 10 ppm Au the assay were
repeated with 30 g nominal weight fire assay with gravimetric finish (Au-GRA22). QA/QC
programs for 2022 RC drilling samples using internal standard samples, field and lab duplicates,
standards and blanks indicate good accuracy and precision in a large majority of standards
assayed.
True widths of mineralization are unknown based on current geometric understanding of the
mineralized intervals.
Canadian mineral terminology and standards differ from those of other countries. The
Company's public disclosure filings highlight some of these differences.
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. See Torq's public filings at www.sedar.com 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.
SOURCE: Torq Resources Inc.