Torq Resources – Drill Results Expand The Initial Discovery 180 Meters At The Margarita Project, Closing $15Million Investment From Gold Fields
Over the past couple weeks Torq Resources (TSX.V:TORQ – OTCQB:TRBMF) has announced a $15million strategic investment from Gold Fields as well as initial drill results from the Margarita Project, in Chile. Our focus in this interview is on the drill results from Margarita and upcoming program at the Santa Cecilia Project.
Shawn Wallace, Executive Chairman and Michael Henrichsen, Chief Geologist at Torq Resources joins us starting with the first drill hole result from Margarita Project released on September 13th. The 4,000 meter, 11 hole program, has been completed and we now have the first hole released. This hole (hole 22MAR-014R) intercepted 98 m of 0.94 g/t gold and 0.68% copper from 32 m – 130 m depth, successfully following up on the original discovery hole, 22MAR-013R, which intersected 90 m of 0.94% copper and 0.84 g/t gold.
We also look ahead to the upcoming work plans and start date at the Santa Cecilia Project now that the Company has closed the $15million investment from Gold Fields.
If you have any follow up questions for the team at Torq please email us at Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Torq Resources website to read over the recent news.
In Brixton, I am anticipating about 1-2 more months of weakness, potentially to make a lower low below the July low. That being said, before the weakness begins, we may get a week or two of headfake strength before the drop in earnest begins.
If the 14 day RSI reaches oversold, as I anticipate, I will be buying more.
Hi Green, I just think that the only way Brixton will drop down from here is if there is a crash. Eric Sprott say’s, if you have a winner, PRESS THE BET! NOT THE HAM! LOL! DT
Perhaps, but I am not taking about a huge crash below the July low. I am taking about a marginal undercut (which admittedly could look scary in real time) that lasts for a couple of weeks before seeing Brixton start its ascent back to previous all time highs.
Hey Matthew, I am a believer when it comes to Brixton Metals! I just thought I would convey that message to you! LOL! DT
DT, I can see why! 👊🏻😎
https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=5&mn=9&dy=0&id=p99207629583&a=681845445
Watch one of CNN’s sleaziest get owned…
https://youtu.be/u67QEyrDPRg?t=12
In the spirit of keeping things simple and to the point, I liked this saying by Thomas Sowell, ” The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it.
The first lesson of politics is to disregard the first lesson of economics.” DT