American Marconi Wireless News - Torq Provides Drilling, Financing, and Corporate Update

The Torq Goldfields JV has completed 4,062.5 meters drilled in 5 holes under favorable weather conditions, the originally planned drilling campaign was completed. The results are expected to be received and released from June onward.

A Message from Shawn Wallace, CEO:

"We are excited about this current phase of drilling as the program is able capitalize on all the previous exploration work and drilling successes we have had. Drilling logistics have also been working in our favor in the way that the good weather has allowed the program to be extended. Completing this financing and cleaning the balance sheet is the last piece of the reorganization of Torq. We look forward to the exciting opportunities and pending drill results from Santa Cecila."

Financing Update:

The non-brokered private placement financing, announced on March 24, 2025, is pending conditional approval from the TSX Venture Exchange along with the concurrent debt settlement and credit facility extension, which are expected to close upon receipt of exchange approval.

Corporate Update:

The Company announces that director, Waldo Cuadra, has for personal reasons resigned from his position on the board of directors with the Company, effective immediately, but will remain as General Manager, Chile. The board of directors would like to thank Waldo for his contributions during his term as a director and look forward to working with him in his capacity as country manager leading the efforts at Santa Cecilia.

ON BEHALF OF THE BOARD,

Shawn Wallace
CEO & Chair

For further information on Torq Resources, please visit www.torqresources.com or contact the company at (778) 729-0500 or [email protected].

About Torq Resources

Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The Company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery. For more information, visit www.torqresources.com.

Forward Looking Information

This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information in this release includes statements that relate to the possibility that drilling will demonstrate the extension of favourable geological structures. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by some of the principal forward-looking statements. See Torq's Annual Information Form filed April 29, 2024, at www.sedarplus.ca for disclosure of the risks and uncertainties faced in this business.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Torq Resources Inc.

View the original press release on ACCESS Newswire

P.Costa--AMWN