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Torq Drills New Discovery at the Pircas Norte Target at the Santa Cecilia Gold-Copper Project; 502 Metres of 0.36 g/t Gold, and 0.078% Copper
VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("...
About this update from Torq Resources Inc.
[{"type":"text","content":"Torq Drills New Discovery at the Pircas Norte Target at the Santa Cecilia Gold-Copper Project; 502 Metres of 0.36 g/t Gold, and 0.078% Copper VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce the first set of results from the recently completed phase II drill program at its Santa Cecilia project, located in the prolific Maricunga belt, in the Atacama region of Chile. The program consisted of approximately 1,500 metres (m) over three diamond drill holes; two located at the Pircas Norte target and one at the Gemelos Norte target. Drill hole 24SC-DDH-003 intercepted 0.36 g/t gold (Au) and 0.078% copper (Cu) over 502 m from 98 m down hole, including a higher-grade interval of 0.69 g/t Au and 0.10% Cu over 20 m from 354 m down hole at Pircas Norte (Table 1). The drill hole ended in mineralized intrusive diorite breccia due to logistical limitations and the reported intercept remains open. These results represent a new discovery of significant gold-copper porphyry mineralization and confirm the Company's exploration thesis for the broader Santa Cecilia project. Results from drill holes 24SC-DDH004 and 24SC-DDH005 are expected in the coming weeks.A Message from Shawn Wallace, CEO and Chair:\"We are thrilled to announce a significant gold and copper discovery at the Pircas Norte target at our flagship Santa Cecilia project located in Chile's storied Maricunga belt. This discovery, made in our first drill hole of the second phase of drilling, our third ever drill hole on the project, underscores the immense potential of the untested copper porphyry targets at Santa Cecilia, which are all located within proximity, and within the same hydrothermal alteration system, as Newmont & Barrick's Caspiche deposit, which is part of one of the largest undeveloped gold projects in the world.\"This achievement marks a pivotal moment for Torq Resources as it supports our primary exploration thesis that mineralization from the Caspiche deposit may extend onto the Santa Cecilia property. We are incredibly grateful to be the first junior exploration company to test this theory, as the project was primarily dormant for the better part of 30 years until we acquired the option for ownership. We are excited to continue our exploration efforts and unlock the full...