Torq Resources Inc. is pleased to announce that it has commenced its first drill program at the Santa Cecilia gold - copper project located in the world-class Maricunga belt in northern Chile, approximately 100 kilometres east of the city of Copiapo. The Santa Cecilia project is located immediately adjacent to the Norte Abierto project, held by Newmont and Barrick, which is comprised of the Caspiche and Cerro Casale gold [...]
Torq Resources Inc. is pleased to announce that it has closed its previously announced private placement for proceeds of C$6,260,339 consisting of 10,433,899 units of the Company at a price of C$0.60 per Unit. Each Unit consists of one Torq common share and one half of a Share purchase warrant, two half-warrants being required to exercise and acquire a full Share at C$0.80 until March 10, 2026. The securities were issued [...]
Torq Resources Inc. is pleased to announce a best efforts private placement financing for total proceeds of at least C$4.0 million and up to approximately C$6.26 million, consisting of at least 6,666,700 and up to 10,434,000 units of the Company at a price of C$0.60 per Unit. In connection with the Offering, the Company has entered into an engagement letter with Paradigm Capital Inc. to act as lead agent and sole [...]
Torq Resources Inc. , is pleased to announce that it has obtained a receipt for its final short form base shelf prospectus filed with the securities commissions in each of the provinces and territories of Canada. The filing of a Shelf Prospectus is intended to provide the Company with financing flexibility. Under the Shelf Prospectus, the Company may issue and sell up to to C$60,000,000 of common shares, warrants [...]
Torq Resources Inc. announces that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada. The filing of a Shelf Prospectus is intended to provide the Company with financing flexibility to offer prospectus-qualified securities throughout Canada over the approximately two years from acceptance of the Shelf Prospectus by applicable [...]
Torq Resources Inc. is pleased to announce that it has initiated surface exploration at its Santa Cecilia gold - copper project located in the world-class Maricunga belt in northern Chile, approximately 100 kilometres east of the city of Copiapo. The surface exploration program is focused on defining drill targets with the aim of initiating the first drill program at Santa Cecilia in Q1 2023. Additionally, the Company is [...]
Torq Resources Inc. is pleased to announce that it has defined a gold - copper mineralized system over an 800 metre strike length at the Falla 13 discovery at its Margarita project located in northern Chile, approximately 65 kilometres north of the city of Copiapo. Highlights from the recently completed reverse circulation drill program include: 64 m of 0.63 g/t gold and 0.63% copper in 22MAR-017R, 130 m of 0.36 g/t Au [...]
Torq Resources Inc. is pleased to announce that it has closed the C$15 million non-brokered private placement with a wholly owned affiliate of NYSE listed international gold mining company, Gold Fields Limited that was previously announced on September 6, 2022. The Company issued an aggregate of 15,000,000 Torq common shares at $1.00 per share, resulting in Gold Fields owning approximately 15.05% of Torq's issued and [...]
Torq Resources Inc. is pleased to announce that it has extended its initial discovery 190 metres to the north at the Margarita Iron-Oxide Copper Gold project located in northern Chile, approximately 65 kilometres north of the city of Copiapo. Drill hole 22MAR-014R intercepted 98 m of 0.94 g/t gold and 0.68% copper from 32 m - 130 m depth, successfully following up on the original discovery hole, 22MAR-013R, which [...]
Torq Resources Inc. is pleased to announce a C$15 million non-brokered private placement with a wholly owned affiliate of NYSE listed international gold mining company, at a purchase price of C$1.00 per share. The funds will be used to advance Torq's portfolio of projects in Chile, primarily its Santa Cecilia gold-copper project, where the Company has recently signed a 7-year social access agreement, which covers the [...]
Torq Resources Inc. is pleased to announce the voting results for election of its Board of Directors at the Annual General Meeting of Shareholders held on August 18, 2022 in Vancouver, British Columbia. The director nominees, as listed in the Company's Information Circular dated July 6, 2022 and SEDAR filed July 14, 2022, were elected as directors of the Company to serve until the next annual general meeting. A total of [...]
Torq Resources Inc. is pleased to announce the identification of new high priority targets at the Margarita Iron-Oxide-Copper-Gold project located in northern Chile, 65 kilometres north of the city of Copiapo . The Remolino and Cototuda east targets have been defined based on the similar geological, geochemical, and geophysical characteristics as observed at the Falla 13 discovery drill hole 22MAR-013R, which intersected [...]
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