Torq Obtains Drill Permit for the Margarita Iron-Oxide-Copper-Gold Project in Northern Chile

About this update from Torq Resources Inc.

[{"type":"text","content":"Torq Obtains Drill Permit for the Margarita Iron-Oxide-Copper-Gold Project in Northern ChileVANCOUVER, BC / ACCESSWIRE / June 30, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce that it has received its environmental permit from the Servicio Nacional de Geologia y Mineria for its Margarita iron-oxide-copper-gold project in northern Chile (Figure 1). The environmental permit allows Torq to drill from up to 39 drill platforms across the 1,045-hectare project area, which is centered on a 5 kilometre (km) by 6 km silica-clay hydrothermal alteration system that contains secondary copper oxide mineralization in historical drilling, with the primary target on the property being a copper sulphide source to the observed oxide mineralization (Figure 2) (see March 8, 2021 news release). The Company anticipates its first drill program at the project to commence during Q3, with an initial 4000 - 6000 metres planned.A Message from Shawn Wallace, Executive Chairman & Director:\"We are very pleased to announce the receipt of our drill permit at Margarita. Our targeting work has made us very optimistic about the prospect of making a significant new discovery during the upcoming drill campaign, which is scheduled to commence near the end of Q3. This, coupled with ongoing assessment work in advance of drilling at the Andrea project, should be a very exciting period for all of our shareholders and stakeholders.\"Exploration Update:The Company has completed a 49-line km ground-based induced polarization (IP) survey to identify chargeability anomalies that have the potential to be associated with copper sulphide mineralization. To refine the targeting associated with these chargeability anomalies, Torq's technical team is conducting a property-wide geochemical soil survey and a 1:2000 geological mapping and rock sampling program to determine which structures show the strongest mineralization. Results from these programs are expected over the next several weeks and targeting is expected to be finalized in August.Corporate Update:The Company is also pleased to announce that it has promoted Natasha Frakes from Manager of Investor Relations to an officer role with Torq, as Vice President of Communications, effective immediately.In addition, the Company has entered into two separate arrangements...

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