Torq Makes New Discovery at its Margarita Iron-Oxide Copper-Gold Project: 90 metres of 0.94% Copper and 0.84 g/t Gold

May 02, 2022

VANCOUVER, BC / ACCESSWIRE / May 2, 2022 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF, Financial) ("Torq" or the "Company") is pleased to announce the discovery of a new copper and gold sulphide system as a result of its maiden 4,075 metre (m) reverse - circulation (RC) drill program at its Margarita Iron-Oxide-Copper-Gold (IOCG) project, located in northern Chile about 65 kilometres (km) 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 identified the copper and gold sulphide source mineralization to the abundant copper oxide mineralization observed on the southern margin of the project, validating the Company's exploration thesis, and represents the potential for a significant new IOCG discovery in the Cretaceous Coastal Cordillera belt in northern Chile (Figure 1). A summary of the drill results is presented in Table 1.

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