Business
Torq Identifies Mineralized Surface Porphyry Targets Adjacent to Caspiche Deposit at its Santa Cecilia Gold-Copper Project
VANCOUVER, BC / ACCESSWIRE / July 19, 2023 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("T...
About this update from Torq Resources Inc.
[{"type":"text","content":"Torq Identifies Mineralized Surface Porphyry Targets Adjacent to Caspiche Deposit at its Santa Cecilia Gold-Copper ProjectVANCOUVER, BC / ACCESSWIRE / July 19, 2023 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce the results from its rock sampling program from the eastern region of the 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 project is located 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).The rock sampling program in the largely unexplored eastern region of the Santa Cecilia project consisted of a total of 196 samples. The program was designed to follow up on new soil anomalies identified during Torq's 2023 surface exploration program, with the aim of identifying either outcropping or shallow porphyry targets in the eastern region of the project. The Company's technical team has found that the results from the rock sampling program positively corroborate the soil geochemistry targets from both the Pircas Norte and Gemelos Norte target areas. These areas will be prioritized for the next phase of drilling, anticipated to begin in Q4 2023.Both the Pircas Norte and Gemelos Norte targets demonstrate surface porphyry-style mineralization, where gold-bearing sheeted quartz-magnetite-pyrite veinlets are encountered within dioritic and dacitic porphyry bodies, respectively (Figures 1-3). The Pircas Norte and Gemelos Norte target areas are covered by extensive colluvium and have dimensions of 750 metres (m) by 700 m and 700 m by 500 m, respectively.At Pircas Norte, highlights from selective rock sampling targeting porphyry-style veining include gold grades of 0.3 g/t to 0.83 g/t in banded quartz-magnetite-pyrite veinlets with copper grades ranging from 438 parts per million (ppm) to 0.44%. At the Gemelos Norte target, highlights from the selective rock sampling targeting porphyry style veining include gold grades of 0.13 g/t to 1.49 g/t. In addition, at Gemelos Norte, two epithermal veins sampled on the southwestern edge of the target area had gold grades of 12.05 g/t and 3.36 g/t and 2.3% copper and 285 ppm copper, respectively. Collecti...