Torq Drills Two New Discoveries at Margarita IOCG Project: 42 m of 1.1 g/t Gold and 0.48% Copper on New Structure Near Falla 13 Discovery, 132 m of 0.48% Copper at Cototuda Target

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[{"type":"text","content":"Torq Drills Two New Discoveries at Margarita IOCG Project: 42 m of 1.1 g/t Gold and 0.48% Copper on New Structure Near Falla 13 Discovery, 132 m of 0.48% Copper at Cototuda TargetVANCOUVER, BC / ACCESSWIRE / October 18, 2023 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce the first set of results from its phase III drill program at its Margarita iron-oxide-copper-gold (IOCG) project located approximately 65 kilometres north of the city of Copiapo in Chile (Figure 1). The program, which consisted of 14 drill holes over 3,862 metres (m), successfully accomplished the Company's main objectives of: 1) expanding on the original Falla 13 discovery area and 2) discovering a new mineralized body to demonstrate the scale and potential of the mineralized system that encompasses the Margarita project.The phase III drill program identified a new parallel mineralized structure 200 m west of the original Falla 13 discovery, intersecting 42 m of 1.1 g/t gold and 0.48% copper of sulphide mineralization in drill hole 23MAR-031R and in addition, a new zone of copper oxide mineralization was discovered in the southern area of the project at the Cototuda target, where 132 m of 0.48% copper was intersected in drill hole 23MAR-035R (Figure 2). Finally, broad zones of copper oxide mineralization were encountered at the historically drilled Margarita structural corridor, at the southwest limit of the property, where Torq drilled 62 m of 0.49% copper and 134 m of 0.29% copper in drill hole 23MAR-036R. Table 1 below summarizes highlights from the phase III drill program from the seven reported drill holes. Results from the remaining seven drill holes are pending.A Message from Shawn Wallace, CEO:\"We are very pleased to have multiple discoveries to pursue at our Margarita project, which is advantageously located near a major city, roads and power, and where we can drill year-round because of the low elevation. The discovery of additional bodies of mineralization on the property has significantly enhanced the value proposition for Torq at Margarita. We look forward to further drilling to continue to unlock the project's growth potential.\"A Message from Michael Henrichsen, Chief Geological Officer:\"The two discoveries we have made in our third phase of drilling significantly increase the potential scale...

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