Torr Metals Rock Sampling Returns 14.15 g/t Gold, 4.31% Copper and Extends High-Grade Mineralization by 700 Metres in the Dalvenie Zone
Vancouver, February 9, 2023 - Torr Metals Inc. (TSXV: TMET) ("Torr" or the "Company") is pleased to announce assay results from 113 rock grab samples collected over the Dalvenie Zone during the 2022 field exploration program. Sampling focused primarily on confirming historically reported grades as well as prospecting for potential new extensions to high-grade mineralization identified at-surface. The Dalvenie Zone is located within the eastern portion of the Company's 100% owned, 689 km2 Latham Project within the prolific Golden Triangle of northern British Columbia. The Dalvenie Zone is ~8 km south of the Company's Gnat Pass Copper-Gold Porphyry Deposit and is road-accessible via a 2-kilometre (km) gravel road from Highway 37.
Selective rock grab sample assay results from the 2022 field program include 14.15 grams per tonne (g/t) gold (Au), 4.31% copper (Cu), and 63.1 g/t silver (Ag) on the southern end of the Dalvenie mineralized trend, where it remains open (Figure 1). This is the highest gold grade ever collected at-surface within the Latham Project area. Additional selective rock grab sampling tested potential extensions along-strike to the north-northeast, with one sample yielding 5.71 g/t Au, 2.85% Cu, and 27.9 g/t Ag; potentially indicating continuity of high-grade mineralization for an additional ~700 metres (m) beyond historical high-grade rock grab samples (Figure 1).
Malcolm Dorsey, President and CEO, commented, "We are very pleased that our 2022 rock grab sampling not only confirmed the high-grade nature of the Dalvenie mineralizing system but also more than doubled the historically reported gold values. This factor together with excellent continuity of high-grade at-surface mineralization, now extending across a total strike-length of 1,500 m, demonstrates the significant prospectivity of this area. This is especially evident as we see new potential paralleling trends emerging to the northwest, suggesting the footprint of the Dalvenie Zone could continue to grow as we look to unlock its full discovery potential."
Highlights
- Substantial ~1,500 m strike-length to copper-gold-silver mineralization delineated at-surface by 2022 rock grab sampling along with historical rock and soil sample results. Of the 113 rock grab samples collected during 2022 (Figure 1):
- 31 rock grab samples assayed >300 parts per million (ppm) Cu with 14 assaying >1000 ppm Cu.
- Significant gold-enrichment is indicated by 7 samples assaying >0.5 g/t Au.
- Additional pathfinder elements including arsenic (As) and antimony (Sb) indicate a potential high level exposure of a robust epithermal system.
- Rock grab samples occur along-strike and coincident to multiple historical soil anomalies (See release from 31 August 2022) trending north-northeast defined by >300 ppm Cu. These four paralleling historical copper soil anomalies extend over 1,500 m in strike-length and up to 300 m in width.
- Copper-gold-silver mineralization remains open along-strike to the north-northeast and south-southwest, with potential for new parallel mineralized trends also identified further to the northwest (Figure 1).
- The Dalvenie Zone has never been tested by systematic drilling and as such Torr is well positioned to follow up on a robust set of pre-existing and newly identified targets.
Figure 1. Locations of 2022 rock grab sampling within the Dalvenie Zone, with select assay values outlined in red (2022) and historical rock grab samples in blue (pre-2022). Historical copper soil anomalies >300 ppm Cu occur coincident with or along-strike of 2022 rock grab sampling.
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Qualified Person
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a consultant to the Company who is a qualified person defined under National Instrument 43-101.
About Torr Metals
Torr Metals is a Vancouver based mineral exploration company focused on defining and developing the substantial exploration and resource potential of the ~689 km2 Latham Copper-Gold Project, located within the prolific Golden Triangle of northern British Columbia. Year-round access is provided by Highway 37 with the project being favourably located 16 km south of the regional airport in Dease Lake. For further details about the Latham Copper-Gold Project, please refer to the Company's website or current geological Technical Report (August 24, 2021) filed on November 25, 2021 under the Company's profile on SEDAR at www.sedar.com.
On behalf of the Board of Directors
Torr Metals Inc.
"Malcolm Dorsey"
Malcolm Dorsey
President, CEO and Director
For further information:
Malcolm Dorsey
Telephone: 236-982-4300
Email: malcolmd@torrmetals.com
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 press release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company's recently completed financings, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR at www.sedar.com. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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