Torq Initiates Follow-up Drilling to Discovery at its Margarita Iron-Oxide-Copper-Gold Project in Chile

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[{"type":"text","content":"Torq Initiates Follow-up Drilling to Discovery at its Margarita Iron-Oxide-Copper-Gold Project in ChileVANCOUVER, BC / ACCESSWIRE / August 17, 2023 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce that it has commenced its third drill program at the Margarita iron-oxide-copper-gold (IOCG) project, located on the Coastal Cordillera belt in Chile (Figure 1). The drill program will focus on extension targets to its greenfields discovery, which included intercepts near surface of 90 metres (m) of 0.94% copper and 0.84 g/t gold (see May 2, 2022 news release) and 98 m of 0.94 g/t gold and 0.68% copper (see September 13, 2022 news release) within a defined 800 m long mineralized body (Figure 1). In addition, multiple untested targets that were identified through a recent soil survey will also be drilled (see April 5, 2023 news release) (Figure 2). In total, the Company plans to drill approximately 4,000 m in its third phase of drilling.A Message from Shawn Wallace, CEO & Director:\"We are pleased to have commenced our third drill program at Margarita in order to further test the potential scale of our new Falla 13 discovery as well as the additional mineralized targets, identified using our gold geochemical survey, which yielded very encouraging results.\"Drill Program:The current 4,000 m reverse-circulation drill program will test the potential to expand mineralization in the Falla 13 discovery area, both along strike as well as laterally, testing for the potential of flat-lying manto-style mineralization, as the Company believes there is the potential for this style of mineralization immediately to the west. In addition, the Company will be testing a number of additional targets that were identified by anomalous gold-in-soils, permissive geology and geophysical surveying. Figure 1: Ilustrates the location of the Margarita project within the Coastal Cordillera belt and its proximity to major deposits in the region. Figure 2: Illustrates newly identified targets based on gold-in-soils geochemistry across the property. Gold geochemistry results have demonstrated the potential for growth at the Falla 13 discovery, as well as at five undrilled anomalies that were defined across the project area.Michael Henrichsen P.Geo, Torq's Chief Geological Officer, is the qualified person as defi...

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