April 06, 2023
Torq Resources Inc. (TSXV:TORQ, Not Rated, Taylor Combaluzier) announced results from a soil geochemical survey completed at its Margarita IOCG project in Chile. The objective of the program was to identify new Au and Cu-Au targets near the Falla 13 discovery, where Phase 2 drill results returned 0.94% Cu and 0.84 g/t Au over 90m (22MAR-013R) and 0.68% Cu and 0.94 g/t Au over 98m (22MAR-014R). While the Falla 13 mineralized body has been defined over a strike of 800m, results from the soil sampling program have highlighted the potential to expand mineralization by another 500m to the N-NW. Additionally, geochemical results from a parallel structure 300m to the E of Falla 13, are consistent with results from the Falla 13 discovery, highlighting the potential of this structure. Lastly, five additional target areas have also been identified for future exploration with the highest priority target consisting of Remolino, which has been characterized by a 1,300m x 200m gold in soil anomaly that coincides with magnetic, conductivity and chargeability highs. Soil values from here returned up to 1.89 g/t Au including seven samples that were above 0.1 g/t Au. Additional mapping is required to advance these targets to the drill ready stage. The company is also in the midst of planning a Phase 3 drilling program at the Margarita project in Q3/23. In our view, these surface geochemical results point to the potential extension of mineralization from the Falla 13 discovery zone towards the NW and for potential new discoveries elsewhere at Margarita with the planned follow-up drilling. Read more
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Torq Resources Inc. – TSXV:TORQ – 3
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