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'Classic boots on the ground' exploration leads to big discovery for Torq Resources

Investment Trends Editorial

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Through a combination of classic boots on the ground and some good geophysics Torq Resources (CVE:TORQ) was able to identify "a beautiful structure," said the company's Chief Geological Officer Michael Henrichsen.

On Tuesday Henrichsen and Executive Chair Shawn Wallace spoke to Kitco about the company's discovery at its Margarita iron-oxide copper-gold project in Chile. The company announced 90 metres of 0.94% copper and 0.84 g/t gold.

"Well it's a true green-fields discovery on a project that hasn't really been drilled before," said Henrichsen. "We came there with the exploration thesis that there was a lot of copper oxide on the fringe of our of our land position, so through a combination of classic boots on the ground and some good geophysics we got the combination right."

The company said the mineralization has a clear signature over a 1-km strike length, and there is significant potential for the project to host a substantial mineralized body.

Henrichsen can't wait to follow up.

"We're going to return to the discovery to drill and start stepping out. That's job one."

By Investment Trends Editorial

Special to kitco.com

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