Business
Torq Resources Identifies 25 Kilometer Gold Corridor in Newfoundland
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 21, 2017) - Torq Resources Inc. (TSX VENTURE:TORQ) (OTCQX:TRBMF) ("Torq" or the "Company") is pleased to annou
About this update from Torq Resources Inc.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 21, 2017) - Torq Resources Inc. (TSX VENTURE:TORQ) (OTCQX:TRBMF) (\"Torq\" or the \"Company\") is pleased to announce the results from the regional till sampling program on its Gander Gold Project located in central Newfoundland, Canada. The program was designed to identify centers of gold mineralization beneath till cover and has successfully identified 6 gold-in-till anomalies over a 25 km long structural trend. These anomalies represent primary targets for future exploration and drilling. Torq's strategy is to rapidly advance these targets to drill-ready status through an in-fill till sampling program planned for the fall, followed by trenching and ground geophysics. Figure 1: Highlights 6 well defined till anomalies within a 25 km long corridor situated along the Dog Bay faultzone. These anomalies represent target areas that Torq will advance towards drill stage with a program of in-fill till sampling, ground geophysics and trenching slated to begin in early October. Figure 2: Illustrates the common tectonic setting of the Northern Appalachians and Irish/British CaledonidesMountains with the closing of the Iapetus Ocean as outlined by the red dashes and yellow polygon. Torq CEO, Michael Kosowan commented, \"This is an excellent start to our goal of making a new major gold discovery in Newfoundland. The length of this trend is significant, with encouraging signs of gold endowment in the area.\" Mr. Kosowan further stated, \"The Company is well positioned with $17 million in the treasury to pursue new discoveries in Newfoundland and make additional acquisitions in an effort to build a world class gold exploration portfolio.\" The program screened a 50 km by 15 km area along a crustal scale fault zone considered by Torq to be highly prospective for gold mineralization. A total of 1,749 samples were collected across the Gander Gold Project identifying six multi-kilometer long targets that cluster within a 25 km by 5 km corridor (Figure 1). The Company considers this geologic setting to be similar to Dalradian's high-grade gold deposit in Northern Ireland. The Dog Bay Fault zone, which is found in Newfoundland's Northern Appalachians and runs through the Gander Gold Project, is analogous to the tectonic and crustal scale settings found in the Irish/British Caledonides Mountai...