Torr Metals Secures Exploration Permit for the Highway-Accessible Filion Gold Project
03 Julio 2024 - 7:00AM
via IBN – Torr Metals Inc. (“
Torr” or the
"
Company") (TSX-V: TMET.V) is pleased to announce
the Government of Ontario has granted a three-year exploration
permit (the “Permit) allowing for drilling on the Company’s 100%
owned 261km2 Filion Gold Project. The Project is ideally situated
adjacent to excellent infrastructure with direct road access from
the Trans-Canada Highway 11, paralleled by the regional railway and
provincial power grid, as well as the nearby town of Kapuskasing
located ~30 km to the southeast (Figure 1).
Malcolm Dorsey, President and CEO, commented,
“The granting of this exploration permit opens up a tremendous
opportunity for Torr to build on our promising work from late last
year at the Filion Gold Project. We are very excited to further
advance our exploration, especially after identifying extensive
kilometer-scale gold soil anomalies that have yet to be drill
tested along-trend of historical high-grade rock and channel
samples. We are in the process of finalizing exploration plans and
look forward to the coming months as we keep the market updated on
our progress.”
Filion Gold Project
Having acquired the Project through staking on
October 26, 2023, the Company moved rapidly with a first-ever
systematic humus soil program that tested the underexplored
potential of the gold-endowed Filion Fault Zone, where historical
results include rock grab samples that assayed 9.1 g/t gold (Au)
and channel sampling that reportedly yielded 91.4 g/t Au over 0.3
meters (Figure 2). Highlights of the 2023 soil program
included:
- Delineation of Multiple Undrilled Anomalies:
Six gold soil anomalies were delineated coincident with historical
VLF-EM conductors, associated with significant shear structures and
stratigraphic contacts, over a 2.5 kilometer-wide corridor;
with over 75% of the 28 filtered conductors remaining untested by
soil sampling. Of 318 humus soil samples, 39 showed >10
ppb Au with 13 exceeding 20 ppb Au, reaching a maximum of
1,320 ppb Au (Figure 2).
- Kilometer-scale Gold Trends: The
largest 2023 gold soil anomaly measures 1200 meters in
strike-length across multiple conductors along-trend of
historical high-grade rock grab and channel samples;
indicating a potential 2.5 kilometer (km) strike-length to
undrilled gold mineralization. All 2023 soil anomalies
remain open to the east and northeast (Figure 2).
- Untested Exploration Upside: None of the 2023
humus soil anomalies contain historical drilling, providing Torr
with the opportunity to be the first to test the
significant potential for a major new gold discovery along
the Filion Fault, adjacent to the Trans-Canada Highway.
Within the regional greenstone belts of northern
Ontario, early syn-volcanic aged gold deposits, such as those at
Hemlo, Greenstone, Casa Berardi, and Detour Lake (Figure 1), are
typically located within major east-west trending fault zones.
These zones share similar geological settings to the Filion Fault,
where key gold emplacement controls include structural dilational
bends and competency contrasts along major stratigraphic contacts
between mafic volcanics and quartz-feldspar porphyry units.
Quality Assurance and
Control
Results from samples were analyzed at ALS Global
Laboratories (Geochemistry Division) in Vancouver, Canada (an
ISO/IEC 17025:2017 and ISO 9001:2015 accredited facility). A secure
chain of custody is maintained in transporting and storing of all
samples. At ALS the “B” horizon soil samples underwent screening to
180 microns under the ALS code PREP-41. The samples were digested
using Aqua Regia and analyzed via ICP-MS and ICP-AES using a 25g
sample aliquot under the ALS code AuME-TL43. The Company follows
industry standard procedures for the work carried out on the Kolos
Project. Due to the reconnaissance nature of the soil sampling the
Company relied on the internal quality assurance quality control
(“QA/QC”) measures of ALS. Torr Metals detected no significant
QA/QC issues during review of the data.
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, based in Vancouver, British
Columbia, is dedicated to advancing its 100% owned, district-scale
copper-gold porphyry and orogenic gold projects in highly
accessible mining regions of Canada. Each project benefits from
excellent existing infrastructure, year-round drilling potential,
and low-cost development opportunities. The approximately 240 km²
Kolos Copper-Gold Project is located in the prolific
copper-producing Quesnel Terrane of south-central British Columbia,
with direct access to Highway 5, and is situated 286 km northeast
of Vancouver. The approximately 261 km² Filion Gold Project lies
within an unexplored gold-bearing greenstone belt, adjacent to the
Trans-Canada Highway 11, just 202 km from Timmins, northern
Ontario. For more details, please visit the Company's website,
www.TorrMetals.com, or view documents filed 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
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Forward-Looking Information
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information" within the meaning of applicable Canadian securities
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forward-looking information. Other factors which could materially
affect such forward-looking information are described in the risk
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- Figure 1: Filion Project Location Within an Unexplored
Greenstone Belt
- Figure 2: Location of Anomalous Gold in 2023 Humus Soil
Samples