Torq Identifies New Targets to Expand on the Discovery at the Margarita Iron-Oxide-Copper-Gold Project

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[{"type":"text","content":"Torq Identifies New Targets to Expand on the Discovery at the Margarita Iron-Oxide-Copper-Gold ProjectVANCOUVER, BC / ACCESSWIRE / August 2, 2022 / Torq Resources Inc. (TSXV:TORQ), (OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce the identification of new high priority targets at the Margarita Iron-Oxide-Copper-Gold project located in northern Chile, 65 kilometres (km) north of the city of Copiapo (Figure 1). The Remolino and Cototuda east targets have been defined based on the similar geological, geochemical, and geophysical characteristics as observed at the Falla 13 discovery drill hole 22MAR-013R, which intersected 90 metres (m) of 0.94% copper and 0.84 g/t gold (Figure 2). Collectively, these targets have the potential to define new pods of mineralization beyond the Falla 13 structural corridor, which is currently being drilled to expand upon the mineralization encountered in drill hole 22MAR-013R.A Message from Michael Henrichsen, Chief Geological Officer:\"Following our new discovery made along the Falla 13 corridor, our technical team reviewed all available data sets which led to the refinement of the Remolino and Cototuda targets that have similar geological, geochemical and geophysical signatures to the discovery. We believe that these targets have high potential to host new bodies of copper-gold mineralization and we look forward to testing them in a third phase of drilling.\"Target Areas:The Remolino target area measures 900 m by 250 m and is characterized by magnetic and conductivity highs that are similar to those observed along the Falla 13 structural corridor. This area is characterized by a thin layer of volcanic cover associated with the rhyolitic Remolino dome that obscures the geochemical and geological signature at surface. Drill hole 22MAR-006R from the Company's phase I drill program is located to the south of the magnetic and conductive anomalies and did not test the target area; however, it intersected a structural zone characterized by a silica-hematite breccia body from 4 m - 52 m depth that encountered lower grade copper and gold mineralization. Copper oxide mineralization over this interval is 0.11% and importantly, there are two separate gold intervals from 4 m - 24 m depth grading 0.27 g/t gold and from 30 m - 52 m depth grading 0.13 g/t gold, respectively. The observed copper and...

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