TORQ RESOURCES INC - TRBMF STOCK NEWS

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.

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.

Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) has provided an exploration update on its Santa Cecilia gold-copper project in Chile. This world-class project, located in the Maricunga belt, is adjacent to the Norte Abierto project, currently held by Newmont and Barrick. The ongoing phase 1 drill program aims to follow up on past discoveries, with the first drill hole completed at 1,060 meters. The company is targeting high-grade mineralization, with plans for a second drill hole before a winter pause. Additionally, significant surface work has been conducted, including geologic mapping and soil sampling, covering around 80% of the hydrothermal system. Results from these efforts are anticipated in the coming weeks, contributing to further exploration strategies.

Torq Resources Inc. (OTCQX:TRBMF) has announced the results from a recent soil geochemical survey at its Margarita Iron-Oxide-Copper-Gold project in northern Chile. This survey identified multiple gold and gold-copper targets, including five new areas that have not yet been drill tested. The Falla 13 discovery shows promising mineralization, with drill intercepts up to 0.94 g/t gold. A third drilling phase is planned for Q3 2023 to explore these new targets. The results indicate the potential for significant growth in the project, reinforcing Torq's strategy in the valuable IOCG sector.

Torq Resources has initiated its inaugural drill program at the Santa Cecilia gold-copper project in Chile's Maricunga belt. This program aims to drill approximately 15,000 metres over the next 14 months, with 7,000 metres planned for 2023. The first two drill holes will target the Cerro del Medio area, focusing on a structural corridor that could lead to higher-grade mineralization. Historical drilling in 2012 had revealed significant mineralization, with the best intercept showing 0.21g/t gold and 0.27% copper. The project holds promise given its proximity to significant deposits held by Newmont and Barrick.

Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) has successfully closed a private placement, raising C$6,260,339 by issuing 10,433,899 units at C$0.60 each. Each unit consists of one common share and half a share purchase warrant, with two warrants needed to acquire a full share at C$0.80 until March 10, 2026. The funds will support ongoing exploration at the Santa Cecilia and Margarita projects. Directors of the company participated in the offering, which is classified as a related party transaction exempt from certain formal requirements. The Offering has been conditionally accepted by the TSX Venture Exchange.