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Copper Exploration Heats Up as Torr Metals Inc. (TSX.V: TMET) Announces More Discoveries at Kolos Project

  • As demand for copper strengthens, Torr Metals continues to expand its highway-accessible Kolos Cu-Au-Mo project in south-central British Columbia
  • Torr released results from rock sampling and a comprehensive ZTEM survey that further validated earlier findings and discovered new mineralization at the Vik Zone
  • With six zones now identified and 10 greenfield areas in tow, Torr Metals is poised for a potential new major copper porphyry discovery, solidifying its position as an emerging key player in a region known for giant mineral deposits

The global demand for copper, a vital metal used in everything from electrical wiring to renewable energy technologies, has surged in recent years. With copper prices hovering near multi-year highs, exploration companies are actively seeking out new sources of this critical mineral. In a positive development for investors, Torr Metals (TSX.V: TMET), a Vancouver-based exploration company focused on copper and gold projects, has announced the exciting discovery of a new zone enriched in copper and molybdenum at its Kolos project in British Columbia.

Torr recently released final assay results from its 2023 rock sampling program and delineation of a robust ZTEM (Z‐Tipper Axis Electromagnetic), an airborne electromagnetic survey system which detects anomalies in the earth’s natural magnetic field – at the newly defined Vik Zone. ZTEM surveys use electrical currents to “see” underground, helping pinpoint areas with potentially valuable hydrothermal mineralization and alterations that can be associated with mineral deposits.

The Vik Zone is a new discovery of copper (Cu) and molybdenum (Mo) mineralization in outcrop on the margins of one of three highly prospective and untested moderate to high resistivity anomalies identified across a trend of 2.5+ kilometers. The addition of the Vik Zone brings the total significant zones for copper ± gold mineralization on the Kolos Project to six, none of which have ever been drill tested.

The latest rock sample results also confirmed commercially viable levels of copper, with some samples boasting very high concentrations (4,420 parts per million copper). Furthermore, the recent rock grab samples revealed anomalous Cu ± gold (Au) ± Mo in outcrop coincident with 2023 soil sampling, providing prime starting points for future drill targeting.

While gold isn’t the main focus, the two often go together. Gold traces were also detected in some rocks (up to 1.07 g/t Au), adding another potential layer of economic value to the discovery.

The real kicker is the location of the Vik Zone that cannot go overstated for its implications considering that Teck’s massive Highland Valley Copper Mine (1.8 Bt reserves and resources) is just west of Kolos and New Gold’s New Afton Copper-Gold Mine (82.6 Mt reserves and resources) is to the north.

The Vik Zone sits right next to an area already identified by the ZTEM survey as highly prospective. This alignment suggests that the copper and molybdenum found in the rocks might just be the tip of the iceberg, with a much larger mineralized system potentially hidden beneath the surface indicated by multiple ZTEM anomalies extending to 800 meters depth and measuring greater than 1.5 kilometers in width.

To that point, Torr has a total of 10 newly defined grassroots targets identified in the southern and central portions of the project area with comparable prospective geology and geophysical signatures to the six significant mineralized zones. None of these targets have previously been investigated through exploration or drilling, providing a steady stream of additional road-accessible exploration targets with significant new discovery potential.

The Vik Zone discovery is a major win for Torr Metals and their investors for several reasons.

  • It strengthens the overall potential of the Kolos project. With multiple promising zones now identified, the chances of uncovering a commercially viable copper and gold mine increase significantly.
  • Also, the discovery highlights the effectiveness of Torr’s exploration strategy. By combining surface sampling with advanced geophysical techniques, they’re proving adept at pinpointing areas with high mineral potential. This targeted approach saves time and resources, making exploration more efficient.

Lastly, the discovery underscores the immense potential for further grassroots exploration in the Vik Zone and the broader unexplored project area, where Torr is pioneering new ground. Torr plans to delve deeper to determine the extent and scale of copper-gold- molybdenum mineralization with drill permitting in the works that will provide crucial information for assessing the project’s economic viability.

Already At It

Vik’s surrounding zones can offer a treasure trove of potential for future discoveries. Torr has already completed its latest reconnaissance field sampling program that includes coverage over newly acquired ground to the north and east with assays pending for 27 outcrop and float rock grab samples.

This news bodes well for Torr Metals and their investors. It demonstrates the company’s commitment to uncovering valuable mineral resources in a responsible and efficient manner. With a clear exploration strategy, promising results at Kolos, and a vast area of unexplored potential, Torr Metals is well-positioned for continued growth and exciting discoveries in the years to come.

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://ibn.fm/TMET

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