Torq Identifies Large-Scale Geophysical Anomalies at the Margarita Copper-Gold Project in Chile

VANCOUVER, BC / April 21, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce initial results from its ongoing exploration program at the Margarita Iron-Oxide-Copper-Gold (IOCG) project located in northern Chile, approximately 65 kilometres (km) north of the city of Copiapo and within the prolific Coastal Cordillera belt that hosts the world-class Candelaria (Lundin Mining Corp.) and Manto Verde (Mantos Copper Holding) IOCG mines, and porphyry-skarn deposits such as Santo Domingo (Capstone Mining Corp.) and Inca de Oro (PanAust/Codelco). Torq's primary objective is to discover a large-scale copper sulphide source for the abundant copper oxide mineralization observed on the southern region of the property. Results from a ground-based induced polarization (IP) geophysical survey have outlined two north-northwest trending chargeability anomalies, approximately 3 km by 500 metres (m) in size, which Torq's technical team believes are associated with sulphide mineralization (Figure 1).
 
A Message from Michael Henrichsen, Chief Geologist:
 
"The initial IP chargeability results from Margarita confirm our belief that there is excellent potential to discover a large-scale copper sulphide system on the property. The strength of the anomalies is consistent with sulphide mineralization and we look forward to developing additional geological and geophysical exploration vectors to compliment the chargeability targets in the coming weeks, as we move to drill stage."
Published: 21 April 2021
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TSX Venture   Mining   Project Update  
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Torq Commences Exploration on its Margarita Iron-Oxide-Copper-Gold Project in Northern Chile

VANCOUVER, BC / ACCESSWIRE  / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has commenced work on its Margarita Iron-Oxide-Copper-Gold (IOCG) project located in northern Chile, 65 kilometres (km) north of the city of Copiapo (Figure 1). The surface exploration program is focused on defining drill targets with the aim of initiating the first drill program at Margarita in Q3 2021.
 
A Message from Shawn Wallace, Executive Chair & Director:
"The Margarita project represents an excellent opportunity to make a major copper-gold discovery in a prolific region of Chile. We are excited to be advancing the project toward its first drill program, which is to commence later this year. The Company is continuing its strategy of pursuing high-quality copper-gold projects in order to continue to add world-class exploration opportunities in Chile to its portfolio."
 
Exploration Program:
Torq has initiated a three-month integrated exploration program that consists of geologic mapping, a property-wide induced polarization (IP) geophysical survey (50-line km) and geochemical soil sampling program. The goal of this exploration program is to define drill targets aimed at identifying the copper sulphide source of the observed copper oxide mineralization in the southwest corner of the property (Figures 2 - 3). Upon completion of this first phase of exploration, the Company will submit an application to governmental authorities for a drill permit that will allow Torq to drill from up to 39 drill platforms. It is expected that the drill permit will be received approximately 30-60 days from the submission date, which would allow the Company to drill Margarita in Q3.
Published: 08 April 2021
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TSX Venture   Mining   Project Update  
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Osisko Metals Intersects 79 Metres Grading 9.87% Zinc + Lead at Pine Point

MONTREAL, March 30, 2021 -- Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce additional results from the current drilling program at its Pine Point Project, located in the NWT.
 
Infill drilling results reported herein are from the P499 and O556 deposits, located in the West Zone of the project that hosts higher-grade, vertical Prismatic deposits (See Map and Table 1):
 
Drill hole P499-21-PP-001 intersected 79.00 metres grading 6.26% Zn and 3.61% Pb (9.87% Zn+Pb), including 26.4 metres grading 17.03% Zn+Pb, near the center of the P499 Prismatic deposit. This infill hole confirms historical data and will allow expansion of the current block model to a depth 20 meters deeper within the center of the deposit.
Drill hole O556-21-PP-001intersected 46.50 metres grading 4.36% Zn and 4.86% Pb (9.23% Zn+Pb), near the center of the O556 Prismatic deposit. This hole met expectations regarding the grade and thickness of this deposit.
Published: 30 March 2021
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TSX Venture   Mining   Drill Results  
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Chakana Discovers Second High-Grade Breccia Pipe Within Huancarama - Soledad Project, Peru

Intersects 11m of 6.29 g/t Au and 92.8 g/t Ag (7.66 g/t Au-eq) 14m below surface
 
Vancouver, British Columbia--(March 24, 2021) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), is pleased to announce the discovery of a second high-grade breccia pipe within the Huancarama Breccia Complex at the Soledad Project in Ancash, Peru (Table 1, Fig. 1). This new high-grade breccia pipe (Huancarama West) is located approximately 75m west of the previously announced Huancarama East discovery (see news releases starting January 12, 2021). To date, a total of thirty-three HQ diamond core holes have been completed within the Huancarama Breccia Complex to delineate the boundaries of the breccia pipes.
 
David Kelley, President and CEO commented, "The discovery of a second high-grade tourmaline breccia pipe within the Huancarama Breccia Complex is an exciting development for the project. The drill rig was set up 50m north of the H5 breccia in an area with andesitic tuff exposed at surface. High-grade gold and silver mineralization was encountered about 3m below surface, demonstrating the significant potential of near-surface mineralization at Soledad. The precious metal-rich nature of the mineralization may be related to oxidation but also primary zonation. Often breccias at Soledad become strongly mineralized at depth with copper in addition to precious metals."
Published: 24 March 2021
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TSX Venture   Mining   Drill Results  
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District Commences 5,000 m Drill Program at Tomtebo Property

VANCOUVER, BC, March 15, 2021  - District Metals Corp. (TSXV: DMX) (FRA: DFPP); ("District" or the "Company") is pleased to announce that it has commenced drilling at its high grade polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. This drill program is focused on the historic Tomtebo Mine where detailed geophysical, geochemical, and geological work conducted by the Company has identified significant coincident anomalies, that in combination with historic drill results, have developed high priority targets. 
 
Garrett Ainsworth, CEO of District, commented: "This is an exciting time for the Company and our shareholders as we embark on the first substantial drill program at the Tomtebo Mine in almost half a century.  The potential of the Garpenberg Mine did not get unlocked until the 1990's, and now we are applying that knowledge and technology at Tomtebo.  
 
Our geological interpretations from work carried out in late-2020 greatly contributed to firming up our drill targets, and the subsequent implications from these interpretations are very encouraging.  A key to this successful outcome has been the involvement of Rodney Allen and Hein Raat, who are both well-known experts in the Bergslagen Mining District. With a better understanding on the controls of polymetallic mineralization and the structural framework at the Tomtebo Mine, we have started our maiden drill program fully armed with knowledge to optimize every meter drilled." 
Published: 15 March 2021
Written by Editor
TSX Venture   Mining   Project Update  
Read more: District Metals Corp ( DMX )
  1. Osisko Metals ( OM )
  2. Torq Resources Inc ( TORQ )
  3. Chakana Copper ( PERU )
  4. Chakana Copper ( PERU )
  5. Chakana Copper ( PERU )

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