Torq Resources Stock Price, News & Analysis

Torq Resources has secured an option to earn a 100% interest in the Santa Cecilia gold-copper project in northern Chile, spanning 3,250 hectares. The site lies in the Maricunga belt, known for significant gold deposits. Historical drilling has indicated the presence of both epithermal gold and copper-gold porphyry mineralization. The acquisition aligns with Torq's strategy to explore high-potential sites in the region, with plans to initiate exploration soon. Key targets identified include Cerro del Medio and Vetas Condor, promising further discovery opportunities.

Torq Resources (OTCQX:TRBMF) has commenced its inaugural drill program at the Margarita Iron-Oxide-Copper-Gold (IOCG) project in northern Chile. The initial phase will involve approximately 4,000 metres of drilling, focusing on copper-gold sulphide sources linked to widespread copper oxide mineralization. The project features a significant 1.5-kilometre by 500-metre copper-in-soils anomaly, with rock samples showing up to 1.68% copper and 0.99 g/t gold. This program aims to enhance shareholder value through further exploration.

Torq Resources Inc. (OTCQX: TRBMF) has appointed Carolina Vargas as a Director and Marie-Hélène Turgeon as a Board observer and advisor, effective immediately. Vargas, a top-rated research analyst, brings expertise in South American natural resource markets, while Turgeon has significant experience in environmental management and ESG advisory. These additions aim to strengthen Torq's strategy of building a high-quality copper-gold deposit portfolio in Chile. The company emphasizes its local expertise and technical team to pursue mining opportunities.

Torq Resources Inc. (OTCQX:TRBMF) has announced the identification of three primary target areas at the Margarita IOCG project in northern Chile, with a 4,000 m reverse circulation drill program set to begin this month. The targets were defined through geological mapping and geophysical surveys, and are characterized by significant copper and gold mineralization. Notably, rock sampling indicated grades of up to 1.68% copper and 0.99 g/t gold. The company is optimistic about the potential for major discoveries in this mining-friendly region.

Torq Resources Inc. has obtained its environmental permit for the Margarita iron-oxide-copper-gold project in northern Chile. The permit allows drilling from up to 39 platforms across a 1,045-hectare area, which features a significant hydrothermal alteration system. The company plans to start its drilling program in Q3 with an estimated 4,000 to 6,000 meters of drilling. Additionally, Torq has conducted an induced polarization survey to identify copper sulphide mineralization and promoted Natasha Frakes to Vice President of Communications.

Torq Resources has acquired the option to earn a 100% interest in the Andrea copper porphyry project in northern Chile, a strategic move to enrich its portfolio with copper and gold assets. This project covers 1,200 hectares and features a significant alteration system indicative of copper, gold, and molybdenum mineralization. The company's exploration plans include geological mapping and drilling as early as Q1 2022, aiming to uncover potential high-grade mineralization. The acquisition involves a total cash payment of $6 million under several phased agreements.

Torq Resources Inc. (OTCQX:TRBMF) has announced initial results from its exploration at the Margarita Iron-Oxide-Copper-Gold project in Chile. Located 65 km north of Copiapo, the project shows two significant geophysical anomalies, each approximately 3 km by 500 m, indicating potential copper-sulphide deposits. The induced polarization survey results suggest these anomalies correlate with sulphide mineralization. The company plans to enhance its exploration efforts, including geological mapping and drilling in Q3 2021.

Torq Resources Inc. has initiated exploration on its Margarita Iron-Oxide-Copper-Gold (IOCG) project in northern Chile, located 65 km from Copiapo. The surface exploration aims to establish drill targets, with the first drilling program expected in Q3 2021. The three-month program includes geological mapping and a property-wide induced polarization survey. Upon completion, the company will apply for a drill permit to access 39 drill platforms. The project presents a significant opportunity for major copper-gold discoveries in a region known for its mineral wealth.

Torq Resources Inc. (OTCQX:TRBMF) announced the grant of incentive stock options for 420,000 common shares to its officers at an exercise price of C$0.77, expiring in five years, pending customary stock exchange approvals. The company, focused on mineral exploration, is advancing the recently acquired Margarita iron-oxide-copper-gold project in Chile to drill stage. With over $550 million raised by its management team from previous ventures, Torq is actively seeking new mineral targets for acquisition and exploration.