- TMET.V has 100% ownership in three highway-accessible gold and copper projects that remain largely untested by drilling, covering 1,000 square kilometers within prolific mining districts of Ontario and British Columbia
- Exploration projects include the Filion Gold Project with significant gold potential evidenced by historical sampling, the Kolos Copper-Gold Project showing high-grade values in surface sampling coincident with anomalous geophysics extending 1.5 kilometers into the sub-surface, and the Latham Copper-Gold Project featuring multiple promising anomalies and high-grade rock grab samples in addition to a historical copper-gold porphyry deposit
- Favorable market conditions driven by renewable energy and electric vehicle industries have led to increased copper demand, prices recently reached $10,000/ton
Torr Metals (TSX.V: TMET), a Canada-based mineral exploration company advancing mineral properties in Ontario and British Columbia, Canada. With 100% owned gold and copper projects spanning 1,000 square kilometers, the company aims to unlock the potential of its properties with a focus on cost-effective exploration and development aided by proximity to existing major infrastructure.
TMET’s exploratory activities sync with favorable market conditions driven by the burgeoning renewable energy and electric vehicle industries. Limited copper supply is leading to increased demand by these sectors with a corresponding price increase to nearly $10,000 per ton (https://nnw.fm/xaShR). As a result, investors anticipate a bullish outlook for copper over the next few months driven by rising demand and tightening market conditions.
TMET aims to capitalize on the rising demand for these precious metals by advancing three key exploration projects in its portfolio. The Filion Gold Project, located in Ontario, spans 261 square kilometers, holding significant exploration potential with six unexplored gold targets along the Filion Fault – a known gold host. Historical sampling has confirmed the project’s high-grade gold potential, with rock grab samples reaching up to 9.1 g/t Au and channel sampling hitting 91.4 g/t Au over 0.3m. Recent soil sampling further highlights the company’s positive outlook, with assays hitting up to 1.32 g/t Au within a significant untested soil anomaly measuring 1200 meters in strike-length.
TMET’s Kolos Copper-Gold Project covers 140 square kilometers in British Columbia. The company aims to explore the area’s untapped copper porphyry potential, with recent surface geochemical and sub-surface geophysical results drawing comparisons to regional deposits including the Highland Valley and Copper Mountain Mines(*). Historical rock grab samples have shown high-grade values, with assays up to 4.24 g/t Au, 0.52% Cu, and 11.3 g/t Ag. Recent results published in March and April 2024 indicate 5 significant kilometer-scale copper soil anomalies with coincident geophysics suggesting mineralization could extend up to 1.5 kilometers depth. None of these exploration targets have ever been drilled, providing multiple potentials for a major new copper discovery.
Rounding out the company’s portfolio is the Latham Copper-Gold Project spanning 689 square kilometers in renowned Golden Triangle of British Columbia. Exploration targets include five never-drilled copper-gold soil anomalies defined in 2022 and 2023, as well as the Gnat Pass copper-gold porphyry deposit where historical drilling yielded significant intercepts including 0.64% Cu over 73 meters within broader mineralization extending from surface to over 200 meters vertical depth where it remains open. High-grade rock grab samples from outcrop have also shown recent promising results at-surface on the Dalvenie target, with values reaching up to 14.15 g/t Au, 4.31% Cu, and 63.1 g/t Ag.
TMET’s executive team brings decades of experience in exploration and project development across the Americas. With a portfolio of promising projects in strategic locations, the company is strongly positioned to leverage the surging demand for strategic minerals required by the growing electric vehicle and renewable energy industries.
(*)Comparisons are not necessarily indicative of mineralization on the Kolos Project.
For more information, visit the company’s website at www.TorrMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to TMET are available in the company’s newsroom at https://nnw.fm/TMET
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