With Prices Set to Soar, Junior Miner’s New Copper Discovery Now Even More Significant

Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) Recent Discovery Demonstrates Potential To Deliver a New, High-Grade Copper-Gold Deposit

All signs are pointing to another copper price rally.

Yes, copper prices have slumped recently due to recession fears.

Source: Mining.com


But JP Morgan isn’t forecasting a recession. Globally or in China.

Instead, they see China’s GDP ramping up in the second half of 2022 and China’s copper demand rising 5% YoY.1

In turn, they expect copper to surge to around $10,000 a tonne this year.2

That’s a 37% jump over current prices.

Breaking News

Goldman Sachs expects copper to soar even higher. They recently warned that forecasts of copper hitting $15,000 per tonne may be CONSERVATIVE!3

That’s a spike of over 2x current prices.

But it isn’t just China that will make copper demand skyrocket.

According to S&P Global, demand from copper-intensive tech, like electric vehicles (EVs), charging stations, solar, wind, and batteries, is expected to nearly triple by 2035.4


Source: VisualCapitalist.com; Copper Alliance

That’s on top of all the other growing demand for traditional copper uses, from jewelry to healthcare, construction, and more.5

Another factor driving up copper prices is that copper production grades are on a decades-long, steep downward trend.

Industry giant BHP estimates that by 2030, declining grades will decrease the global copper mine supply by around 2 million tonnes.6 And that’s YEARLY!

Meanwhile, the rate and size of major copper discoveries over the past decade has dropped significantly.7

With demand surging and grades and discoveries shrinking, copper supply is expected to be in increasing deficits for decades to come.8

It all adds up to the perfect recipe for record-high copper prices in the near and long term. 

It’s also the perfect market environment for exploration companies with the potential to deliver new, major high-grade copper discoveries. 

This is exactly what Torq Resources Inc. (TSXV:TORQ) (OTCQX:TRBMF) brings to the table.

High-Potential Holdings, Proven Team & Significant Discovery Drill Holes to Build From

Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) is a Canadian-based copper and gold exploration company with a rare level of quality.

With 3 premium holdings in prominent mining belts in the world’s top copper-producing country, Chile,9 it’s well-positioned to potentially deliver a world-class discovery.

Torq already scored an important brand-new copper-gold discovery at its Margarita project in May – 90 meters of 0.94% copper and 0.84 g/t gold10 – and the follow-up drill program is now underway.

Behind it all is Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) proven management team. They’ve monetized exploration successes before and know how to raise capital, even in difficult markets.

They also know how to leverage in-country expertise and deal-flow connections through their Chile-based technical team. 

This group of in-country mining veterans has had their eyes on the projects Torq now holds for over 15 years. And they’re not the only ones – according to an analyst report by Beacon Securities, both Exeter Resources and Barrick Gold made large cash offerings for the Santa Cecilia project, which were rejected by the owner. The project is now the crown jewel in Torq’s portfolio. 

Torq’s Chilean team, led by Waldo Cuadra, has a first-rate reputation in the country, having contributed to multiple globally significant discoveries throughout their careers… far beyond what’s expected in a junior miner.

Adding to the quality of Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) is its loyal investor base that’s been providing stability over the last four years as the company has established its world-class portfolio.

That base includes key investments from industry-leading mining professionals and a high percentage of skin in the game (25%!) from management and directors.

With a C$5.28 million private placement recently completed11 and $4.7 million in their treasury as of March12, the company is ready to advance its Chile projects in 2022.

With the markets being down, Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) has been largely overlooked despite their copper-gold discovery and the acquisition of their coveted Santa Cecilia project, all of which happened in the last several months.

This project is so appealing that former Newmont global structural geologist Michael Henrichsen (who now serves as Torq’s Chief Geological Officer) has called the asset “extremely rare.”

But that just means this junior miner is a grossly undervalued company, especially when you look at their drilling data along with all the geochemistry and geophysics pointing to large-scale targets, which represent a lot of upside potential. 

Investors should keep a close watch on Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) as it ramps up 2022 exploration and starts spinning out greater news flow in the near term.

Press Releases

7 Reasons

To Put More Research Towards Torq Resources (TSXV:TORQ) (OTCQX:TRBMF)

1

Copper price & demand set to surge.13

2

Brand new copper-gold discovery at the Margarita project that the market hasn’t noticed yet.

3

Flagship Santa Cecilia project with historical discoveries that have never been followed up on, directly adjacent to Newmont & Barrick’s JV, the Norte Abierto project, with proven & probable reserves of 23.3 million ounces gold & 5.8 billion pounds copper.14

4

Strong Management team with a proven track record of monetizing exploration successes & raising capital, including CEO, Shawn Wallace, who brings over 30 years of experience and two large wins in exploration and former Newmont global structural geologist Michael Henrichsen.

5

Integral Chile-based technical team led by Waldo Cuadra, a seasoned Chilean mining professional who brings more than 40 years of in-country experience and who has held senior management roles for Shell-Billiton, Noranda-Falconbridge, Placer Dome, Newgold and Goldcorp and has the local expertise and connections necessary for success.

6

Upcoming news flow from aggressive 2022 exploration programs that are currently underway.

7

Grossly undervalued due to terrible markets and Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) potential and recent successes flying under the radar.

Advancing World-Class Projects in the Top Producing Copper Country

Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) is very fortunate to have holdings in Chile. Especially holdings with minimal exploration that are located on world-renowned mining belts.

Chile combines the 3 things necessary to be a leading world-class mining region: 

  1. Abundant proven resources
  2. Mining-friendly culture
  3. Top infrastructure & human capital

Abundant Proven Resources

Chile boasts 6 of the world’s largest copper deposits15 and 22% of global copper reserves.16

Chile is also the world’s top copper producer with 28% of global production17 and 8 of the largest copper miners operating in the country.18

 Mining-Friendly Culture

Mining is embedded in Chile’s culture, including its investor-friendly concession model.19

As their own government puts it: “Chile is a mature, transparent and stable mining jurisdiction.”20

This means established mining laws and things like permitting move along quickly.

It also means local communities understand and welcome the benefits of working with mining companies.

 Top Infrastructure & Human Capital

Chile is known for its highly technological mining sector, its specialized human capital, and world-class standards.21

As a top mining country and top copper producer, it’s no surprise Chile is also rich with mining investments.

The country’s mining investment forecast over the next 7 years is for over US$60 billion.22

In other words, Chile is the ideal setup for Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) to advance its portfolio of copper and gold focused projects.

Major Players & Projects in Chile

Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) is in good company in Chile when it comes to the major mining players and their projects.

Anglo American has 3 copper mines in Chile including the open-pit Los Bronces copper and the large Collahuasi copper mine with one of the world’s largest copper reserves (est. 3.93 billion tonnes of ore grading 0.66% copper).23

The Escondida mine (BHP 57.5% / Rio Tinto 30%) is the world’s largest producer of copper concentrates and cathodes and accounts for several percentage points of Chile’s GDP.24

Barrick Gold’s Pascua-Lama project contains 21.3 million ounces of measured and indicated gold resources.25

But the most important to investors considering Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) is the Norte Abierto project, which is immediately adjacent and less than two kilometers away from Torq’s flagship Santa Cecilia gold-copper project.

Norte Abierto (50% Barrick Gold / 50% Newmont) is one of the world’s largest undeveloped gold and copper deposits26 with Proven & Probable reserves of 23.2 million ounces of gold and 5.8 billion pounds of copper.27

Having a world-class project like Norte Abierto and giant companies like Barrick and Newmont immediately adjacent to their flagship project could be a huge valuation booster for Torq Resources (TSXV:TORQ) (OTCQX:TRBMF).

To get a better idea of the growth potential of Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) let’s look at how some other mining companies are performing right now and how Torq compares.

When it comes to comparing assets, Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) more than holds its own. 

When you consider Torq Resources’ trio of potentially world-class projects, the company’s epic team and its serious track record, and its nearly $10 million bankroll, it comes at a discount price compared to its peers. That is, until the market catches on to its blue sky potential.

Proven Grower of Reserves & Resources

Before we look at Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) impressive projects, it’s important to highlight the caliber of the leader of their technical team.

Michael Henrichsen is Torq Resources’ Chief Geological Officer. 

His strong history in the mining industry includes his time as the global structural geologist at the world’s largest gold mining company, Newmont. 

During that time, Michael’s contributions significantly increased Newmont’s reserves and resource base. 

He has also worked extensively at other major gold camps in South America, the Carlin Trend, Guinea and Canada.

Torq (TSXV:TORQ) (OTCQX:TRBMF) also has an impressive team in Chile, which is led by Waldo Cuadra, a seasoned Chilean mining professional who brings more than 40 years of in-country experience.

Cuadra has held senior management roles for Shell-Billiton, Noranda-Falconbridge, Placer Dome, Newgold and Goldcorp and has been a part of multiple globally significant discoveries in Chile. 

That ability to advance mining projects and build shareholder value is helping to drive Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) forward…and as we’ll see in a moment, there’s more where that came from.

Adjacent to One of the Largest Undeveloped Gold & Copper Deposits

Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) flagship gold-copper Santa Cecilia project is the type of extremely rare asset that other companies can only dream of:

  • Option to own a 100% interest
  • Located in the world-class Maricunga belt
  • Surrounded by multi-million-ounce gold and gold-copper deposits (Salares Norte, La Coipa, Cerro Maricunga, Marte, Lobo, La Pepa, El Volcan, Caspiche and Cerro Casale)
  • Immediately adjacent to Barrick/Newmont’s Norte Abierto project, one of the world’s largest undeveloped gold and copper deposits28

That proximity to Norte Abierto means there’s Proven & Probable reserves of 23.2 million ounces of gold and 5.8 billion pounds of copper right beside Torq’s property.29

Even more incredible is the limited amount of exploration performed on Santa Cecilia to date. 

It’s like the project was frozen in time for 30 years. 

That’s when a major international mining company drilled 47 holes (~14,000 meters) and made the first two discoveries on the property. 

They drilled a clearly defined epithermal gold system as well as a high-grade gold and silver system. They hit grades that undoubtedly would have been pursued if they were drilled in this decade.

Historical Results from Santa Cecilia’s Cerro del Medio Target

Source: Torq Resources30

Historical Results from Santa Cecilia’s Vetas Condor Target

Source: Torq Resources31

But, with the average price of gold back in 1990 being a meager $383.73 per ounce32 – about 4.5x lower than today – the company stopped exploring. 

Years later, in 2012, the private owner of the property tested his luck for a copper porphyry deposit, drilling two deep holes directly below the epithermal gold system, and discovered significant gold-copper porphyry mineralization at depth, including 925 meters of 0.45% copper equivalent.

When you combine the epithermal gold drilling near surface with the 925 meter hole directly below it, that’s over 1.5 km of vertical mineralization that has never been followed up on.

The property was held by a private owner for over 30 years…until Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) became the first junior exploration company to option it in October 2021.33

“In my years in the junior market, I have never come across something as significant as this before. It’s very rare for a junior exploration company to be in a position to acquire something of this magnitude.”
– Michael Henrichsen, Torq’s Chief Geological Officer34

Now Torq’s technical team plans to aggressively explore multiple undrilled opportunities to potentially define large-scale mineralized bodies.


Near-term exploration catalysts & news to watch for:

  • Obtaining community agreement
  • Surface programs to build on historical drilling and geophysical data to define drill targets
  • Exploration program to begin this year

Recent Brand-New Copper-Gold Discovery at Margarita Project

Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) has the option to own a 100% interest in another rare asset: their iron-oxide-copper-gold (IOCG) Margarita project.

This large (4.8 square miles) underexplored property has an ideal location: 

  • In the prolific Coastal Cordillera belt, which hosts world-class IOCG mines, such as Candelaria (Lundin Mining) and Mantoverde, and porphyry-skarn deposits such as Santo Domingo and Inca de Oro, which is within 20 km (12.5 miles) of Torq’s Margarita project
  • Excellent access to infrastructure
  • 65 km/40 miles north of the city of Copiapo
  • No local communities to impact
  • Work is possible year-round

Remarkably, Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) maiden 13-hole, 4,075-meter drill program in May discovered a new copper and gold sulphide system. It was drilled in the very last hole of the program, ‘lucky 13’. 

The discovery intersected 90 meters of 0.94% copper and 0.84 g/t gold at a depth of 50-140 meters.35

To put that in perspective, many geologists go through their entire careers without making a single discovery, let alone one as significant as this…and on the project’s maiden drill program…on a project that had never been drilled before.

Torq’s findings represent the significant potential for Margarita to host a substantial mineralized body, which is BIG news in light of the world’s need for new, high-grade copper deposits.

“The Margarita project has the potential to be Chile’s next major IOCG discovery.”
– Waldo Cuadra, General Manager of Chile36

Following their discovery, Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) increased their land position at the Margarita project, acquiring another 200 hectares (494 acres).

Now the company has already started its follow-up 4,000-meter exploration program.37

This second phase of drilling has the potential to generate pivotal results for Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) by providing a further understanding of the project’s strong mineralized system.38

Near-term exploration catalysts & news to watch for:

  • Drill results from phase II program, currently underway
  • Additional targeting for drilling

Andrea Project: Unrecognized Copper Porphyry Potential

Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) Andrea project  is their third large asset (4.6 sq miles) with an option to own a 100% interest.

This “dark horse” opportunity is located in the prolific El Indio belt, which hosts Barrick Gold’s world-class El Indio and Pascua Lama epithermal gold and silver deposits. 

The belt is highly under-explored for copper porphyry systems yet offers excellent access to infrastructure (city of La Serena is 100 km/62 miles west of the project).

Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) geological data on the project includes a shallow, untested chargeability anomaly that indicates a proposed drill target area for their upcoming exploration program.

The company’s theory behind this project is that it has an untested copper porphyry system on a historically epithermal belt, and they are ready to test it.

Near-term exploration catalysts & news to watch for:

  • Geological & alteration mapping
  • Rock sampling & 3D inversion of IP data to define drill targets
  • Advancing to drill stage

Experienced Leadership Team in Canada & Chile

Here are just a few of the members of Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) management and technical teams.

Shawn WallaceChief Executive Officer & Director
– 30 years in the mining industry: exploration, project management, financing, M&A, corporate development
– Built numerous high-quality mineral exploration, development and production companies
– Co-founded Cayden Resources (acquired by Agnico Eagle Mines for $205 million)
– Co-founded Keegan Resources, now Galiano Gold, a producing mining company
Michael HenrichsenChief Geological Officer
– Structural geologist (P.Geo.)
– Former global structural geologist at Newmont; significantly increased their reserves and resources base in Ghana
– Worked extensively at other major gold camps in South America, the Carlin Trend, Guinea and Canada
Waldo CuadraGeneral Manager, Chile
– Over 40 years as a geologist and mining industry executive
– Led multi-disciplinary teams in exploration, development, construction and production in Chile, Argentina and Peru
– Held senior management roles for Shell-Billiton, Noranda-Falconbridge, Placer Dome, Newgold and Goldcorp
– Played a key role in the acquisition and discovery of the La Fortuna (El Morro) copper-gold deposit (now part of the Teck-Newmont joint venture, Nueva Union)

 

7 Reasons

Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) Could Be This Year’s Breakout Junior Copper-Gold Miner Stock

1

Copper price & demand set to surge. JP Morgan expects a 37% price jump this year.39 Goldman Sachs says forecasts of a 2x spike may be conservative40

2

Brand new copper-gold discovery at the 1,245 hectare Margarita Iron-Oxide-Copper-Gold project that the market hasn’t noticed yet – 90 meters of 0.94% copper and 0.84 g/t gold41

3

Flagship Santa Cecilia project with historical discoveries immediately adjacent to Newmont/Barrick’s Norte Abierto project, which means Proven & Probable reserves of 23.3 million ounces gold & 5.8 billion pounds copper right beside Torq’s property42

4

Management team with a proven track record of monetizing exploration successes & raising capital, including former Newmont global structural geologist Michael Henrichsen whose contributions significantly increased Newmont’s reserves and resources base AND mining industry expert Shawn Wallace

5

High Quality Chile-based technical team you’d normally only see in a major mining company, led by Waldo Cuadra

6

Aggressive 2022 exploration program underway including second-phase follow-up drilling to the discovery at Torq’s Margarita project

7

Grossly undervalued due to terrible recent markets not noticing Torq Resources’ (TSXV:TORQ) (OTCQX:TRBMF) successes and potential


It all adds up to a story you can’t afford to let slip off your radar.

With one drill program already underway and more exploration unfolding, Torq Resources (TSXV:TORQ) (OTCQX:TRBMF) could be announcing results in 2022 with serious impact on the market and their stock.

Don’t miss any of it. Do your due diligence. And make sure to click here to sign up for the company’s newsletter so you stay on top of Torq’s latest news and milestones.

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footnotes:
[1] https://www.mining-journal.com/copper-news/news/1435297/jp-morgan-sees-copper-price-rebound [2] https://www.mining-journal.com/copper-news/news/1435297/jp-morgan-sees-copper-price-rebound [3] https://intellinews.com/copper-prices-set-to-rise-as-supply-lags-247551/ [4] https://www.prnewswire.com/news-releases/looming-copper-supply-shortfalls-present-a-challenge-to-achieving-net-zero-2050-goals-sp-global-study-finds-301586242.html [5] https://www.visualcapitalist.com/sp/copper-critical-today-tomorrow-and-forever/ [6] https://www.argusmedia.com/en/news/2134947-grade-declines-resource-depletion-to-impact-cu-bhp [7] https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-discoveries-declining-trend-continues [8] https://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1422932/chile-the-worlds-most-prolific-copper-producing-country [9] https://www.trade.gov/country-commercial-guides/chile-mining [10] https://www.torqresources.com/news-media/news/2022/torq-makes-new-discovery-at-its-margarita-iron-oxide-copper-gold-project-90-metres-of-0.94-copper-and-0.84-g-t-gold/ [11] https://www.torqresources.com/news-media/news/2022/torq-increases-and-closes-c-5.28-million-private-placement/ [12] https://www.torqresources.com/investors/corporate-presentation/ [13] https://capital.com/copper-price-forecast [14] https://norteabierto.com/nosotros/?lang=en [15] https://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1422932/chile-the-worlds-most-prolific-copper-producing-country [16] https://investchile.gob.cl/key-industries/mining/ [17] https://www.trade.gov/country-commercial-guides/chile-mining [18] https://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1422932/chile-the-worlds-most-prolific-copper-producing-country [19] https://financialpost.com/pmn/business-pmn/chile-convention-rejects-mine-shakeup-in-boon-to-copper-projects [20] https://investchile.gob.cl/key-industries/mining/ [21] https://investchile.gob.cl/key-industries/mining/ [22] https://investchile.gob.cl/key-industries/mining/ [23] https://www.angloamerican.com/products/copper [24] https://www.bhp.com/what-we-do/global-locations/chile/escondida [25] https://www.barrick.com/English/operations/exploration-and-projects/default.aspx [26] https://www.barrick.com/English/operations/exploration-and-projects/default.aspx [27] https://www.mining.com/web/chiles-supreme-court-orders-new-evaluation-of-norte-abierto-project/ [28] https://www.barrick.com/English/operations/exploration-and-projects/default.aspx [29] https://www.mining.com/web/chiles-supreme-court-orders-new-evaluation-of-norte-abierto-project/ [30] https://www.torqresources.com/investors/corporate-presentation/ [31] https://www.torqresources.com/investors/corporate-presentation/ [32] https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart [33] https://www.torqresources.com/news-media/news/2021/torq-options-santa-cecilia-gold-copper-project-in-maricunga-belt-in-chile/ [34] https://nationalpost.com/sponsored/business-sponsored/torq-resources-new-gold-copper-project-a-game-changer-for-investors [35] https://www.torqresources.com/news-media/news/2022/torq-makes-new-discovery-at-its-margarita-iron-oxide-copper-gold-project-90-metres-of-0.94-copper-and-0.84-g-t-gold/ [36] https://www.torqresources.com/news-media/news/2022/torq-makes-new-discovery-at-its-margarita-iron-oxide-copper-gold-project-90-metres-of-0.94-copper-and-0.84-g-t-gold/ [37] https://www.torqresources.com/news-media/news/2022/torq-initiates-follow-up-drill-program-to-discovery-at-margarita-iron-oxide-copper-gold-project/ [38] https://www.torqresources.com/news-media/news/2022/torq-initiates-follow-up-drill-program-to-discovery-at-margarita-iron-oxide-copper-gold-project/ [39] https://www.mining-journal.com/copper-news/news/1435297/jp-morgan-sees-copper-price-rebound [40] https://intellinews.com/copper-prices-set-to-rise-as-supply-lags-247551/ [41] https://www.torqresources.com/news-media/news/2022/torq-makes-new-discovery-at-its-margarita-iron-oxide-copper-gold-project-90-metres-of-0.94-copper-and-0.84-g-t-gold/ [42] https://norteabierto.com/nosotros/?lang=en