Vancouver, British Columbia – June 13th, 2017 – Torq Resources Inc. (TSX-V: TORQ, “Torq” or the “Company”) is pleased to announce the initiation of its 2017 exploration program in Newfoundland, Canada. Torq controls 120,000 hectares in the central and eastern regions of the province (see Figure 1), consisting of four road accessible claim blocks. Three of the blocks extend along the northeast trend of Marathon Gold’s Valentine Lake discovery. The fourth claim block is situated along the structural corridor known as the Gander trend that is characterized by numerous high-grade gold occurrences.
In November 2016, Torq intitiated property wide exploration with a focus of generating gold targets along major structural corridors. The Company has collected and assayed 1,054 glacial till samples to date and expects to collect an additional 1,900 samples by the end of June. This systematic geochemical sampling represents the first stage of exploration across Torq’s land position. Follow-up surface work to develop drill targets will be scheduled for Q3 and Q4 of 2017.
The initial results from the 2016 sampling identified a number of robust gold-in-till anomalies across each of Torq’s claim blocks (see Figures 2 & 3). In the Gander Block, four gold-in-till anomalies have been identified within a crustal scale structural corridor that is targeting high-grade gold vein deposits (see Figure 2). Sampling is 15% complete across the Gander Block and Torq is highly encouraged with these initial results. Within the Quinn, Millertown, and Frenchman Blocks (see Figure 3), the newly identified gold-in-till anomalies are targeting bulk tonnage style mineralization.
Michael Kosowan President and CEO stated: “We are excited to explore what is quickly becoming a significant Canadian gold jurisidiction. Torq is well financed with over $17 million in its treasury and has assembled an experienced and successful technical team who are focused on discovery and evaluating projects globally. Newfoundland is a first step in our goal of building a world class exploration portfolio. “
Michael Henrichsen, P.Geo, COO of Torq Resources is the Qualified Person who assumes responsibility for the technical disclosures in this press release.
On Behalf of the Board,
Michael Kosowan
President and CEO
For further information on Torq Resources, please contact Jay Adelaar, Manager of Investor Relations at (778) 729-0500 or [email protected].
Figure 1: Illustrates the position of Torq’s 120,000 hectare land position in central and eastern Newfoundland. The Gander Block is targeting high grade gold vein mineralization and the Quinn, Millertown, and Frenchman Blocks are targeting bulk tonnage style gold mineralization.
Figure 2: Illustrates the location of five newly identified gold in till anomalies within a crustal scale structural corridor. These results represent only 15% of the area of the Gander Block with the remaining 85% to be sampled during June of 2017.
Figure 3: Illustrates the location of gold in till anomalies from the Quinn, Millertown, and Frenchman Blocks within central Newfoundland. Torq plans to conduct infill sampling on these anomalies to identify potential source areas of gold mineralization and advance these targets toward drill stage by conducting additional surface work in Q3 and Q4 of 2017.
About Torq Resources:
Torq Resources is a junior exploration company with the goal of establishing a tier-one mineral portfolio. The company’s management team has raised over $500M and monetized successes in three previous exploration companies. Its initial asset is a 120,000 hectare land package in Newfoundland, Canada, an emerging gold jurisdiction. Torq is continually reviewing and acquiring new precious metals targets on the path to discovery.
Forward Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with, exploration and or development of mineral properties. These statements or graphical information involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
