Articles from Torq Resources Inc.

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VANCOUVER, BC / ACCESSWIRE / July 14, 2022 / Torq Resources Inc. (TSX-V:TORQ, OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has commenced its follow-up drill program at the Margarita Iron-Oxide-Copper-Gold (IOCG) project, located on the Coasta Coardillera belt in Chile and where the Company made a new discovery of 90 metres (m) of 0.94% copper and 0.84 g/t gold during the first ever drill program on the project (see May 2, 2022 news release) (Figure 1). The Company plans to drill approximately 4,000 m in its second phase of drilling along a 1 kilometre (km) length of the Falla 13 structural corridor that exhibits clear geochemical and geophysical signatures corresponding to the mineralization encountered in drill hole 22MAR-013R (Figures 2 - 6).

VANCOUVER, BC / ACCESSWIRE / July 11, 2022 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") 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 the grant of the facility, the Company has agreed to pay the lender, 191010 Investments Limited,an entity which is affiliated with a current shareholder, 3,333,333 share purchase warrants exercisable at C$0.60 per common share for a two-year period based on the initial $2 million advance. Additional warrants for 100% coverage will be issued at the time of any future draw down of the remaining $1 million with warrants priced at the market price at the time.

VANCOUVER, BC / ACCESSWIRE / June 23, 2022 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") 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 lender, 191010 Investments Limited, an entitywhich is affiliated with a current shareholder, a 1% commitment fee and issue 4,347,826 share purchase warrants exercisable at C$0.69 per common share for a two-year period.

VANCOUVER, BC / ACCESSWIRE / June 21, 2022 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") 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 Capital Markets. Mr. Wallace will continue to serve as Chair of the Board of Directors of Torq, and Mr. Kosowan will continue to serve as a director. The Board has created the office Lead Independent Director and has appointed Steve Cook in that office.

VANCOUVER, BC / ACCESSWIRE / May 19, 2022 / Torq Resources Inc. (TSXV:TORQ), (OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce plans for a follow-up drill program to expand upon the new discovery made at its Margarita Iron-Oxide-Copper-Gold (IOCG) project, where drill hole 22MAR-013R intersected 90 metres (m) of 0.94% copper and 0.84 g/t gold (see May 2, 2022 news release). The follow-up drill program will consist of approximately 4,000 m of reverse circulation (RC) drilling and will focus on testing an approximately 1-kilometre (km) strike length along the Falla 13 structure, which demonstrates the same geological, geochemical and geophysical characteristics as seen in the discovery drill hole (Figures 1 - 3). The program is scheduled to begin in June, with construction on roads and drill pads starting this week.

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VANCOUVER, BC / ACCESSWIRE / March 18, 2022 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has increased and completed its non-brokered private placement, the amended terms of which were announced February 15, 2022, from C$5 million to C$5.28 million through the issuance of 7,033,400 equity units at an offering price of $0.75. The Company intends to use the net proceeds to fund exploration

VANCOUVER, BC / ACCESSWIRE / March 1, 2022 / Torq Resources Inc. (TSX-V:TORQ), (OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has completed a C$4.5 million first tranche of its $5 million non-brokered private placement of $0.75 equity units, the amended terms of which were announced February 15, 2022. The Company intends to use the net proceeds to fund exploration at the Company's portfolio of projects in Chile, for

VANCOUVER, BC / ACCESSWIRE / February 15, 2022 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") announces that it is has amended the terms of the C$5M non-brokered private placement announced Feb. 1, 2022. The financing security will be a $0.75 unit consisting of a common share and a three-year share purchase warrant, exercisable at $1.10. The warrant is subject to accelerated expiry if the common shares trade above $1.75

VANCOUVER, BC / ACCESSWIRE / February 1, 2022 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") announces that it is has arranged certain lead investors for a portion of a proposed non-brokered private placement for up to C$5 million from the sale of 6,666,667 Torq common shares (the "Shares") at a price of C$0.75 per Share (the "Placement"). The Company intends to use the net proceeds from the Placement to fund

VANCOUVER, BC / ACCESSWIRE / January 26, 2022 / Torq Resources Inc. (TSX-V:TORQ, OTCQX:TRBMF) ("Torq" or the "Company") is pleased to provide an update on the exploration and permitting progress at its Santa Cecilia gold - copper project located in the world-class Maricunga belt in northern Chile, approximately 100 kilometres (km) east of the city of Copiapo (Figure 1). Torq's technical team has conducted an initial geological evaluation of the

VANCOUVER, BC / ACCESSWIRE / November 26, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that Marie-Hélène Turgeon, who served as a Board observer and advisor for the Company, has now been appointed as a Director. Ms. Turgeon is an ESG advisor with extensive experience working in Latin America. Ivan Bebek, a co-founder and a Director, has retired from his role as a Director, due

VANCOUVER, BC / ACCESSWIRE / October 21, 2021 / Torq Resources Inc. (TSX-V:TORQ) (OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has acquired an option to earn a 100% interest in the 3,250-hectare (32.5 square kilometre (km)) Santa Cecilia gold-copper project, located approximately 100 km east of the city of Copiapo in northern Chile. The project is in the southern region of the world-class Maricunga belt and immediately

VANCOUVER, BC / ACCESSWIRE / October 7, 2021 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has commenced its first drill program at the Margarita Iron-Oxide-Copper-Gold (IOCG) project, which is situated within the prolific Coastal Cordillera belt in northern Chile. The initial phase of drilling is expected to consist of approximately 4,000 metres (m) with the primary target being the

VANCOUVER, BC / ACCESSWIRE / September 10, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that its Board of Directors has appointed Carolina Vargas as a Director and Marie-Hélène Turgeon as a Board observer and advisor. Both appointments are effective immediately, with Ms. Turgeon to be appointed as a Director at the next shareholders meeting or board vacancy, if earlier. Ms.

VANCOUVER, BC / ACCESSWIRE / September 8, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has identified three primary target areas at the Margarita Iron-Oxide-Copper-Gold (IOCG) project in northern Chile that form the basis for the upcoming 4,000 metre (m) reverse circulation (RC) drill program, slated to begin later this month (Figure 1). The targets were defined using data from

VANCOUVER, BC / ACCESSWIRE / June 30, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has received its environmental permit from the Servicio Nacional de Geologia y Mineria for its Margarita iron-oxide-copper-gold project in northern Chile (Figure 1). The environmental permit allows Torq to drill from up to 39 drill platforms across the 1,045-hectare project area, which is centered on a

VANCOUVER, BC / ACCESSWIRE / May 25, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has successfully acquired the option to earn a 100% interest in the Andrea copper porphyry project located in northern Chile, 100 kilometres (km) east of the city of La Serena. The property is located at the western margin of the Miocene aged El Indio belt that hosts the world-class

VANCOUVER, BC / ACCESSWIRE / April 21, 2021 /Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce initial results from its ongoing exploration program at the Margarita Iron-Oxide-Copper-Gold (IOCG) project located in northern Chile, approximately 65 kilometres (km) north of the city of Copiapo and within the prolific Coastal Cordillera belt that hosts the world-class Candelaria (Lundin

VANCOUVER, BC / ACCESSWIRE / April 8, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has commenced work on its Margarita Iron-Oxide-Copper-Gold (IOCG) project located in northern Chile, 65 kilometres (km) north of the city of Copiapo (Figure 1). The surface exploration program is focused on defining drill targets with the aim of initiating the first drill program at

VANCOUVER, BC / ACCESSWIRE / April 7, 2021 / Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") announces the grant of incentive stock options, subject to customary stock exchange approvals, for the purchase of 420,000 common shares to officers of the Company. The options are exercisable at C$0.77 and expire five years from the date of grant. About Torq Resources: Torq is a junior exploration