Torq Drills 557 Metres of 0.38 g/t Gold, 0.23% Copper and 56 ppm Molybdenum, Substantially Increasing the Grade at Santa Cecilia

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[{"type":"text","content":"Torq Drills 557 Metres of 0.38 g/t Gold, 0.23% Copper and 56 ppm Molybdenum, Substantially Increasing the Grade at Santa CeciliaVANCOUVER, BC / ACCESSWIRE / August 2, 2023 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce drill results from the first two drill holes at the Cerro del Medio target in the Company's inaugural drill program at the Santa Cecilia gold - copper porphyry project located in the Maricunga belt in northern Chile. The project is located approximately 100 kilometres (km) east of the city of Copiapo and is immediately adjacent to the Norte Abierto project held by Newmont and Barrick, which is comprised of the Caspiche and Cerro Casale gold - copper porphyry deposits (Figure 1).Highlights:Drill hole 23SC-DDH-002 intersected 557 metres (m) of 0.38 g/t gold (Au), 0.23% copper (Cu) and 56 ppm molybdenum (Mo) at a depth of 442 m - 999 m within wall rock, consisting of tuffaceous units and andesites as well as isolated dioritic and dacitic porphyry dykes toward the bottom of the intercept. The drill hole bottomed in mineralization (999 m deep) (Figures 2 - 4).The gold grades encountered in drill hole 23SC-DDH-002 represent an 81% increase from the previously reported historical intercept (CDM-12-003) of 925.7 m of 0.21 g/t Au, 0.27% Cu, and 82 ppm Mo at the Cerro del Medio target that was drilled in 2012 by a previous operator. The increased grade demonstrates a clear vector to the south and the east toward a potentially higher-grade causative intrusion.The mineralized intercept encountered in 23SC-DDH-002 is located 500 m vertically above the historical intercept in CDM-12-003 and is open vertically, both upward and downward, as well as laterally (Figure 3). The Company plans to drill vertically, above its reported intercept, to establish the depth that the higher-grade porphyry mineralization begins.Strong sericite/chlorite alteration is spatially associated with the higher-grade mineralization encountered in drill hole 23SC-DDH-002 and is more much pervasive than observed in the two historical drill holes from 2012. The Company interprets this as another positive vector to move toward a potentially higher-grade potassic core and causative intrusion.Drill hole 23SC-DDH-001 is located 700 m northeast of drill hole 23SC-DDH-002 and intersected 476.3 m of 0.23 g/t Au...

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