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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]