Torr Metals Inc. (“Torr” or the “Company“) (TSX-V: TMET.V) is pleased to announce that through staking it has significantly increased the size of the Kolos Copper-Gold Project (the “Project”) by 75% from an approximate 140 km2 to 240 km2 (Figure 1, Figure 2). The new mineral claims (“the Claims”) focus on northern expansion, following an extension of the north-trending Fanta Fault, an orientation identified by the Company as a major structural control on copper (Cu) and gold (Au) mineralization in the area. Along with the project expansion the Company has mobilized a field team in preparation for an upcoming 2024 field season to conduct early reconnaissance at multiple newly identified exploration targets, as well as a new mineralized outcrop discovery at the Vik Zone (Figure 2, Figure 3).
Located approximately 30 kilometers (km) southeast of Canada’s largest open-pit copper mine at Highland Valley, the 100% owned ~240 km2 Kolos Copper-Gold Project is located on Highway 5 just 23 kilometers (km) north-northeast of the city of Merritt, British Columbia.
Highlights:
- Newly Discovered Vik Zone (Figure 2, Figure 3): Torr is the first to identify and sample a new mineralized rock outcrop exposure located within an area identified as a potential source to anomalous historical silt samples within the eastern portion of the Project area. A 2023 rock grab sample yielded 379 parts per million (ppm) Cu and 238 ppm molybdenum (Mo) and is identified as being peripheral to a nearby high resistivity ZTEM anomaly. This anomaly is interpreted as a potential source intrusion for the mineralization and will be one of the exploration targets for early reconnaissance in 2024.
- New Highly Prospective Exploration Targets: The Claims cover multiple new exploration areas in the northern and eastern portions of the expanded Project, where historical exploration has been minimal to non-existent:
- Within the new northern extension Torr has identified two large-scale low magnetic geophysical anomalies that exhibit the same signature coincident with the nearby historical Ram soil anomaly, which is defined by a footprint of >200 ppm Cu measuring 900 meters (m) by 500 m (Figure 2).
- Multiple untested high resistivity ZTEM anomalies (see April 24, 2024 news release) have been identified within a low magnetic geophysical signature at the newly discovered Vik Zone, suggesting a high degree of prospectivity. This is comparable to a large, unexplored circular magnetic low surrounded by magnetic highs to the north, mapped as a Late Triassic to Early Jurassic diorite to granodiorite intrusion; interpreted as a potential source of anomalous historical silt samples that yielded up to 219 g/t silver (Ag) (Figure 2).
- Accessibility and Exploration Upside: All new target areas are untested by drilling and road-accessible via Highway 5. Reconnaissance 2024 field sampling will provide further insights into the immense exploration potential of the largely underexplored Kolos Project.
Malcolm Dorsey, President and CEO, commented, “By securing these new claims at low cost, we’ve strategically expanded our footprint to include highly prospective ground to the east and north, incorporating the historical Ram soil anomaly as well as multiple new exploration targets. While our main focus remains on the more advanced drill-ready Lodi, Kirby, Ace, Rea, and Clapperton Zones, the new discovery of the Vik Zone demonstrates the effectiveness of our exploration model in finding highly anomalous mineralization in unexplored areas. As such this expansion further enhances our long-term growth potential and places us in a favourable position for potential new grassroots discoveries in the upcoming 2024 field season.”
Figure 1. Kolos Project location within the prolific porphyry belt of the Quesnel Terrane in south-central British Columbia. Figure including locations of Late Triassic Alkaline and Calc-Alkaline intrusions modified from Mitchinson et al. 20224. Note comparisons with regional porphyry deposits are not indicative of mineralization on the Kolos Project.
1Highland Valley: 338,300,000 @0.31% Cu (P&P), 582,800,000 tonnes @ 0.30% Cu (Measured), 626,700,000 tonnes @ 0.26% Cu (Indicated) and 232,300,000 tonnes @ 0.22% Cu (Inferred). Teck Mineral Resources Annual Information For February 23, 2022 (Teck.com).
