Torq Resources Inc. is pleased to announce that it has commenced its follow-up drill program at the Margarita Iron-Oxide-Copper-Gold project, located on the Coasta Coardillera belt in Chile and where the Company made a new discovery of 90 metres of 0.94% copper and 0.84 g/t gold during the first ever drill program on the project . The Company plans to drill approximately 4,000 m in its second phase of drilling along a 1 [...]
Torq Resources Inc. announces that it has agreed to amend the C$3 million two-year credit facility announced June 23, 2022. Under the amended terms, $2,000,000 will be advanced to the Company immediately on execution of the amended credit facility agreement. Amounts drawn under the facility are subject to 9% annual interest. In consideration for the grant of the facility, the Company has agreed to pay the lender, 191010 [...]
Torq Resources Inc. announces that it has obtained a commitment from an arms-length lender to provide a C$3 million two-year credit facility of which $500,000 will be advanced to the Company immediately. Amounts drawn under the facility are subject to 9% pa interest. In consideration for the grant of the facility, the Company has agreed to pay the lender, 191010 Investments Limited, an entitywhich is affiliated with a [...]
Torq Resources Inc. is pleased to announce that two current directors are changing management positions in order to better reflect the expected executive involvement of each person going forward. Shawn Wallace the current Board Chair is being appointed to Chief Executive Officer while Michael Kosowan will assume the office of Vice President of Capital Markets. Mr. Wallace will continue to serve as Chair of the Board of [...]
Torq Resources Inc. , is pleased to announce plans for a follow-up drill program to expand upon the new discovery made at its Margarita Iron-Oxide-Copper-Gold project, where drill hole 22MAR-013R intersected 90 metres of 0.94% copper and 0.84 g/t gold . The follow-up drill program will consist of approximately 4,000 m of reverse circulation drilling and will focus on testing an approximately 1-kilometre strike length [...]
Torq Resources Inc. is pleased to announce the discovery of a new copper and gold sulphide system as a result of its maiden 4,075 metre reverse - circulation drill program at its Margarita Iron-Oxide-Copper-Gold project, located in northern Chile about 65 kilometres north of the city of Copiapo. Drill hole 22MAR-013R intersected 90 m of 0.94% copper and 0.84 g/t gold at a depth of 50 m - 140 m. This discovery successfully [...]
Torq Resources Inc. is pleased to announce that it has increased and completed its non-brokered private placement, the amended terms of which were announced February 15, 2022, from C$5 million to C$5.28 million through the issuance of 7,033,400 equity units at an offering price of $0.75. The Company intends to use the net proceeds to fund exploration at the Company's portfolio of projects in Chile, for ongoing project [...]
Torq Resources Inc. , is pleased to announce that it has completed a C$4.5 million first tranche of its $5 million non-brokered private placement of $0.75 equity units, the amended terms of which were announced February 15, 2022. The Company intends to use the net proceeds to fund exploration at the Company's portfolio of projects in Chile, for ongoing project costs and for general working capital. A Message from Shawn [...]
Torq Resources Inc. announces that it is has amended the terms of the C$5M non-brokered private placement announced Feb. 1, 2022. The financing security will be a $0.75 unit consisting of a common share and a three-year share purchase warrant, exercisable at $1.10. The warrant is subject to accelerated expiry if the common shares trade above $1.75 for 20 consecutive trading days after the first 12 months. In all other [...]
Torq Resources Inc. announces that it is has arranged certain lead investors for a portion of a proposed non-brokered private placement for up to C$5 million from the sale of 6,666,667 Torq common shares at a price of C$0.75 per Share . The Company intends to use the net proceeds from the Placement to fund exploration at the Company's portfolio of projects in Chile, for ongoing project costs and for general working [...]
Torq Resources Inc. is pleased to provide an update on the exploration and permitting progress 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 . Torq's technical team has conducted an initial geological evaluation of the available historical drill core and has identified multiple phases of porphyry intrusions [...]
Torq Resources Inc. is pleased to announce that Marie-Hélène Turgeon, who served as a Board observer and advisor for the Company, has now been appointed as a Director. Ms. Turgeon is an ESG advisor with extensive experience working in Latin America. Ivan Bebek, a co-founder and a Director, has retired from his role as a Director, due to conflicts with over-boarding, however, he will continue his involvement with Torq as [...]
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