VANCOUVER, BC - March 8, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has successfully acquired the option to earn a 100% interest in the Margarita Iron-Oxide-Copper-Gold (IOCG) project located in Chile, 65 kilometres (km) north of the city of Copiapo. The property is located 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) (Figure 1).

 

A Message from Shawn Wallace, Executive Chair & Director:

 

"Margarita is the first in what will be a series of acquisitions of high-quality copper-gold exploration projects with district scale potential in Chile, which hosts some of the world's largest and most profitable copper mines. Shareholders and stakeholders can look forward to an exciting flow of news as we initiate exploration at Margarita and continue to add to our portfolio."

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2021) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), has added a second drill rig to its Soledad project located in Ancash, Peru in order to accelerate both the exploration and resource drilling programs. The Board of Directors has approved an expanded 26,000m drill program for the 2021 calendar year, with 16,000m of resource drilling for inclusion in the Company's Soledad maiden resource estimate expected later this year. Resource drilling will focus on recent discoveries at Paloma East, Paloma West, and Huancarama (Fig. 1). Resource drilling is expected to also be completed on Breccia 7 (Bx 7), a previous discovery announced in 2019 (see news release dated July 29, 2019). An additional 10,000m of scout drilling will be allocated to test numerous high quality exploration targets that have already been identified. Resource definition drilling includes both step-out and in-fill core holes in close proximity to known mineralization of possible economic interest.

 

Currently, one drill rig continues to conduct scout drilling on the west side of the Huancarama Breccia Complex where recent drilling has confirmed a blind breccia pipe immediately north of the H5 breccia body exposed at surface (Fig. 2). A total of twenty-five drill holes have now been completed at Huancarama. Once scout drilling is completed, this drill rig will focus on resource definition drilling at Huancarama. The second drill rig has been deployed to the Paloma area where resource drilling has been initiated at Paloma East (Fig. 3). Resource drilling is also planned for Paloma West, and additional exploration drilling will be conducted in the greater Paloma area. A third drill rig dedicated to exploration drilling is scheduled to arrive on the property in early April 2021.

Within 93m of 1.63 g/t Au, 0.95% Cu, and 129.2 g/t Ag (4.77 g/t Au-Eq) from 117m

 

Vancouver, British Columbia--(Newsfile Corp. - February 9, 2021) -  Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), is pleased to release results for two additional drill holes with the highest-grade intercepts reported to date from the Huancarama Breccia Complex, within the Soledad Project in Ancash, Peru (Fig. 1). These holes complement the initial ten holes previously published (see news releases dated January 12, 2021, and January 25, 202). Twenty-two HQ diamond core holes have been completed thus far with continued success expanding the mineralized breccia at Huancarama.

 

Mineralized intervals from two additional holes at Huancarama include:

Vancouver, British Columbia--(December 16, 2020) -  Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX) (the "Company" or "Chakana"), is pleased to release new drill results from four holes at its high-grade copper-gold-silver Paloma West discovery at the expanded Soledad Project in Ancash, Peru. These results are part of the ongoing Phase 3 drill program, a fully funded 15,000 metre drill program that started August 15, 2020. Phase 3 is testing a cluster of high-grade, gold-enriched tourmaline breccia pipe targets within the Paloma and Huancarama breccia complexes (Fig. 1). Twenty holes have now been reported from the two Paloma targets for a total of 3,630 metres. Drilling is currently underway at Huancarama where thirteen holes have been completed thus far.

 

Mineralized intervals from these four holes at Paloma West include: