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Torq Resources Inc. (TRBMF) is a Vancouver-based copper and gold exploration company with premium mineral projects in Chile. The company focuses on new exploration in prominent mining belts with responsible and sustainable practices. Led by a successful management team, Torq has a specialized technical team known for working with major mining companies. The Santa Cecilia project marks a significant discovery milestone for Torq, showcasing large-scale porphyry targets and high-grade gold-copper mineralization. Recent drilling results from the Pircas Norte and Gemelos Norte targets demonstrate the potential scale and grade of the mineralized body, with mineralization remaining open in all directions. Torq plans to continue exploration to unlock the full potential of its properties and solidify its position as a key player in Chile's most prolific mining belts.
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Torq Resources Inc. (TRBMF) announces key activities and achievements in 2023, including successful drill programs at flagship gold-copper project in Chile, Santa Cecilia, and advancing the Margarita iron-oxide-copper-gold project. The company raised $5.3M in financing, improved gold grade at Santa Cecilia by 81%, made multiple new discoveries at Margarita, and identified highly prospective targets for drilling in 2024. Strategic support from Gold Fields and analyst coverage from Red Cloud Securities and Beacon Securities. The company plans to announce the drill plan for Santa Cecilia and commence drilling in February, followed by the next phase of drilling at Margarita in the summer. Torq will be exhibiting at the Vancouver Resource Investment Conference on January 21-22.
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Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) completed a public and private offering of equity securities, issuing 23,206,860 units at a price of C$0.23 per unit, resulting in gross proceeds of C$5,337,577.80. Gold Fields Atacama Holdings Inc., a wholly owned affiliate of Gold Fields Limited, increased its ownership of Torq to 15.48% through a concurrent private placement. The company issued a total of 23,206,860 common shares, 23,206,860 investor warrants, and 1,084,814 agents compensation warrants. The proposed use of proceeds from these financings is for exploration at Torq's Santa Cecilia gold-copper project in Chile and for general corporate and working capital purposes.
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Torq Resources Inc. (TORQ) Announces Positive Results from Trenching Program at Margarita IOCG Project in Chile
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Torq Resources Inc. (TSXV:TORQ) Announces 'Best Efforts' Public Offering of Units at C$0.25 per Unit, with Paradigm Capital Inc. and Red Cloud Securities Inc. as Co-Lead Agents and Joint Bookrunners
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Torq Resources announces results from phase III drill program at Margarita project in Chile
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Torq Resources Inc. has started its third drill program at the Margarita iron-oxide-copper-gold project in Chile. The program will focus on extension targets to its greenfields discovery, with plans to drill approximately 4,000 m. The company aims to expand mineralization in the Falla 13 discovery area and test additional targets identified through a recent soil survey.
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Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) announces drill results from the Cerro del Medio target at the Santa Cecilia gold-copper project in Chile, showing significant increases in gold grades. The results indicate a major expansion of porphyry mineralization, with plans to continue drilling after Chile's winter season. The CEO and Chair, Shawn Wallace, and the Chief Geological Officer, Michael Henrichsen, express excitement and optimism for the project's potential.
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FAQ
What is the current stock price of Torq Resources (TRBMF)?
The current stock price of Torq Resources (TRBMF) is $0.05176 as of February 24, 2025.
What is the market cap of Torq Resources (TRBMF)?
The market cap of Torq Resources (TRBMF) is approximately 7.3M.
Where is Torq Resources Inc. based?
Torq Resources Inc. is based in Vancouver, Canada.
What is Torq's primary focus?
Torq focuses on copper and gold exploration in prominent mining belts with responsible and sustainable practices.
What recent milestone did Torq achieve?
Torq made a significant discovery at the Santa Cecilia project, showcasing large-scale porphyry targets and high-grade gold-copper mineralization.
What targets did Torq drill at recently?
Torq completed drilling at the Pircas Norte and Gemelos Norte targets, revealing significant gold and copper mineralization with further exploration potential.
What are Torq's plans for future exploration?
Torq plans to continue exploration efforts to unlock the full potential of its properties and solidify its position as a key player in Chile's mining industry.
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