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Torr Acquires All Crown Grants on the Latham Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2022) - Torr Metals Inc. (TSXV: TMET) (...
About this update from Torr Metals Inc
[{"type":"text","content":"Torr Acquires All Crown Grants on the Latham Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - May 13, 2022) - Torr Metals Inc. (TSXV: TMET) (\"Torr\" or the \"Company\") is pleased to announce the completion of an assignment agreement for a 100% undivided interest (the \"Acquisition\") of 13 undersurface crown grants covering ~2.3 km2 beneath the Company's Dalvenie mineral occurrence (the \"Dalvenie Zone\") located on Torr's 100% owned Latham Copper-Gold Project (Figure 1). The Dalvenie Zone is ideally situated 30 kilometres (km) south of the town of Dease Lake in northwest BC and is road-accessible through ~2.0 km of gravel road leading west from Highway 37. The Dalvenie Zone is highly prospective for epithermal and porphyry-style mineralization as it parallels a regional copper-gold porphyry trend that includes the Company's Gnat Pass copper porphyry deposit ~8 km to the north (Figure 1). Torr's highway-accessible 689 km2 Latham Copper-Gold Project is located within the prolific Golden Triangle region of northern BC. Malcolm Dorsey, President and CEO, commented, \"The acquisition of the Dalvenie Zone crown grants provides a potential km-scale copper-gold-silver exploration target within the Latham Project that Torr plans to better define with the near-term completion of our historical data compilation. As at our Gnat Pass copper-porphyry deposit the Dalvenie Zone is ideally situated adjacent to Highway 37, providing unparalleled accessibility and substantial exploration upside to our upcoming 2022 field program.\" Figure 1. Dalvenie Zone exploration target with undersurface Crown Grant locations. To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6794/123883_c503a32fc46ca920_001full.jpgAcquisition of Undersurface Crown GrantsThe Acquisition by the Company of certain crown granted undersurface rights (the \"Crown Grants\") overlain by the Latham Project in northern British Columbia was completed through an assignment agreement (the \"Assignment Agreement\") dated March 25, 2022 with Dr. Joyce Clearihue, an arm's length third party. The 13 mineral claims are all British Columbia undersurface Crown Grants owned by Dr. Joyce Clearihue (the \"Assignor\") registered as district lots (DL) 3537, 3538, 3539, 3540, 3541, 3542, 3543, 3544, 3545, 3446, 3547, 3548, 3549. Th...