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Torq Resources Inc. (TSXV:TORQ) – Torq“ued” Up for Big Discoveries in Chile

Initiating Coverage

We are initiating coverage of Torq Resources Inc. (TSXV:TORQ) with a BUY (Speculative) rating and no target price. Torq is a copper-gold explorer that owns a 100% interest in three projects prospective for epithermal, porphyry or iron-oxide-copper-gold (IOCG) mineralization in Chile. The company is currently focused on the Santa Cecilia project where several phases of drilling have identified high-grade copper (Cu), gold (Au), and molybdenum (Mo) mineralization. In our view, Torq is poised to make expand known mineralization at Santa Cecilia and Margarita as well as potentially make additional discoveries at its projects. As an early-stage copper explorer, we believe Torq stands to benefit from the global trend towards electrification, which will require increased copper production to meet the demands of the worldwide green economy.

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