Business
Torq Commences Drilling at Santa Cecilia and Announces Board Change
VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Torq Resources Inc. (TSXV:TORQ)(OTCQB...
About this update from Torq Resources Inc.
[{"type":"text","content":"Torq Commences Drilling at Santa Cecilia and Announces Board ChangeVANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce the commencement of drilling at its Santa Cecilia gold - copper project located in the world-class Maricunga belt in northern Chile, approximately 100 kilometres (km) east of the city of Copiapo. The Santa Cecilia project is in the vicinity of the Norte Abierto project, held by Newmont and Barrick, which is comprised of the Caspiche and Cerro Casale gold - copper porphyry deposits (Figure 1). The planned drilling will focus on the Pircas Norte and Gemelos Norte targets, where the Company intercepted broad gold and copper mineralization including 120 metres (m) of 1.33 g/t gold and 0.096% Copper in drill hole 24SC-DDH-005; 498m of 0.36 g/t gold and 0.08% copper in drill hole 24SC-DDH-003; and 98m of 0.18 g/t gold and 0.043% copper in drill hole 24SC-DDH-004 (See news releases dated May 23 and April 18, 2024) (Figure 2). Importantly, both drill holes at Pircas Norte, 24SC-DDH-005 and 24SC-DDH-003, ended in mineralization and the reported intercepts remain open, thus one of the primary goals of the current program will be to extend drill hole 24SC-DDH-005 (Figure 3). The program will comprise five to seven drill holes for approximately 4,000m utilizing two drill rigs (Figure 2) as part of Gold Fields' initial USD$6 million funding commitment to the project.A Message from Shawn Wallace, CEO:\"The commencement of drilling at Santa Cecilia after completion of the JV agreement with an affiliate of Gold Fields is a pivotal moment for Torq and for the Santa Cecilia property. Armed with adequate capital resources, we now can explore this highly prospective gold and copper project with the intensity that it requires. 2025 will be an exciting year for all shareholders and stakeholders as we, together with our partner attempt to aggressively unlock the value that we believe exists at Santa Cecilia.\"Figure 1: Santa Cecilia Project Location in the Maricunga belt in relation to Newmont and Barrick's Norte Abierto joint venture. Figure 2: Proposed drilling at Pircas Norte and Gemelos Norte targets. Figure 3: The reported intercept from drill hole 24SC-DDH-005 remains open. One of the first steps for the current campaign will be t...