Torq Resources commences fall exploration on the Gander Gold Project in Newfoundland
VANCOUVER, British Columbia, Oct. 26, 2017 (GLOBE NEWSWIRE) -- Torq Resources Inc. (TSX-V:TORQ) (OTCQX:TRBMF) (“Torq” or the “Company”) is pleased to announce the initiation of a fall exploration program at its Gander Gold Project located in central Newfoundland, Canada. The program is designed to investigate the 5 strongest gold-in-till anomalies that were identified during the summer season. These anomalous regions are contained within a 25 km long structural corridor and along trend with the Dog Bay fault zone (Figure 1).
The follow-up screening program is designed to trace gold mineralization back to its source rock underneath the till sequence through a combination of in-fill till and biogeochemical sampling methods. A total 2,400 till samples and 4,800 biogeochemical samples will be collected across the target areas which encompass the anomalies from the summer program in addition to the ‘Cracker’ and ‘Lucky Moose’ surface showings (Figure 1). Results from this program will allow the Company to target bedrock mineralization with future trench and drill programs anticipated for early 2018.
Torq CEO, Michael Kosowan, commented, “We are very pleased with the evolution of the Grander Gold project and excited about the potential of a well mineralized high-grade gold vein system. Once we complete this program, we will have a clear picture of where best to test the bedrock for the source of gold we are observing on surface with future trench and drill programs.”
Mr. Kosowan further stated, “2018 is going to be a busy year for Torq as we advance the exciting discovery opportunity within the Gander Gold project and strengthen our project portfolio with future acquisitions.”
Michael Henrichsen, P.Geo, and advisor to Torq, is the Qualified Person who assumes responsibility for the technical disclosures in this press release.
On Behalf of the Board,
Michael Kosowan
President and CEO
For further information on Torq Resources, please contact Jay Adelaar, Manager of Investor Relations at (778) 729-0500 or info@torqresources.com
About Torq Resources:
Torq Resources is a mineral exploration company with the goal of establishing a tier-one portfolio. The Company’s management team, along with its proven technical team, has raised over $500M and monetized successes in three previous exploration companies. Its initial asset is a 120,000 hectare land package in Newfoundland, Canada, an emerging gold jurisdiction. Torq is continually reviewing and targeting acquisitions on the path to discovery and the creation of substantial shareholder value.
Forward Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with, exploration and or development of mineral properties. These statements or graphical information involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements.
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 release.
Gander Till Sampling QA/QC Disclosure
Till samples (3 to 5 kg each) are sent to ALS Lab in Vancouver, BC for preparation and analysis. All samples are analyzed using Ultra-Trace Au by Cyanide Extraction and ICP-MS finish method (Au-CN44) and ultra-trace multi-element aqua regia digest ICP-AES/ICP-MS method (ME-MS41L). QA/QC programs using internal standard samples, field and lab duplicates, re-assays, and blanks indicate good accuracy and precision in a large majority of standards assayed.
Historic Grab and Trench Samples
The historic grab and trench samples were taken from Mineral Assessment Reports filed with Department of Nature Resources, Newfoundland. Grab samples are a non-representative sampling technique and may not be representative of the mineralization present on the project. Further, Torq has not conducted any due diligence on whether appropriate QA/QC protocols were followed in the collection of these samples, nor can it confirm their accuracy or repeatability.
Figure 1: Gander Gold Project highlighting the target area for the fall exploration program.
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