Northwire Canada EditionFriday, July 24, 2026
Northwire
AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0%

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Original News Release

Torq drills 450 m of 0.51 g/t Au, 0.155% Cu at Cecilia

Mr. Shawn Wallace reports TORQ RESOURCES DRILLS 450 m OF 0.51 G/T GOLD AND 0.155% COPPER WITHIN 652 m OF 0.42 G/T GOLD AND 0.134% COPPER, MARKING A THIRD DISCOVERY WITHIN THE SANTA CECILIA GOLD-COPPER PROJECT, CHILE Torq Resources Inc. has released drill results from the phase III diamond drilling campaign at its Santa Cecilia gold-copper porphyry project, located in the prolific Maricunga belt, in the Atacama region of Chile. The campaign consisted of five diamond drill holes, totalling 4,061.5 metres (m). The Pircas Norte and Gemelos Norte targets are located within one to two kilometres (km) of the Caspiche gold-copper deposit held by Norte Abierto (Newmont and Barrick), estimated to contain 1.29 billion tonnes grading 0.54 gram per tonne gold and 1.17 billion tonnes grading 0.21 per cent copper in measured and indicated resources, with additional inferred resources (see Barrick Gold Corp. news release dated Feb. 6, 2025). Three drill holes completed at Gemelos Norte target confirmed a new copper gold porphyry discovery within the Santa Cecilia project including 450 m of 0.51 g/t gold and 0.155 per cent copper while stepout drilling at Pircas Norte extended mineralization at depth drilling 206 m of 0.99 g/t gold and 0.109 per cent Cu within 266 m of 0.81 g/t Au and 0.097 per cent Cu. Gemelos Norte discovery (three new holes) (Table 1): SC25-DDH-007: 450 m of 0.51 g/t Au, 0.155 per cent Cu within 652 m of 0.42 g/t Au and 0.134 per cent Cu; SC25-DDH-009: 260 m of 0.30 g/t Au with 0.09 per cent Cu; SC25-DDH-010: 736 m of 0.35 g/t Au with 0.079 per cent Cu. Pircas Norte stepouts (two holes): SC25-DDH-006: 266 m of 0.81 g/t Au with 0.097 per cent Cu, extending mineralization in SC24-DDH-005 (2024) from 496 m to 642 m; SC25-DDH-008: two mineralized zones west of SC24-DDH-003: 226 m of 0.24 g/t Au with 0.041 per cent Cu; 324 m of 0.28 g/t Au with 0.076 per cent Cu. Shawn Wallace, chief executive officer and chair of Torq, states: "These results reinforce the scale of what we're uncovering at Santa Cecilia. With Gemelos Norte now confirmed as our third discovery, we may be looking at a district-scale gold-copper system that remains wide open in multiple directions. The sheer size of these intercepts, combined with increasing grades, points to a project with significant potential. Our agreement with Gold Fields continues to validate this vision -- their spend to date of over $6-million of a possible $48-million (U.S.) earn-in has already translated into a 10-per-cent vested interest, underscoring the confidence we share in the extraordinary opportunity this project represents." At Pircas Norte, drilling focused on closing out the gold-copper mineralization intercepted in drill hole 24SC-DDH-005, which ended in mineralization (see news release dated May 23, 2024), as well as extending copper-gold mineralization to the west of previous drilling. Drill hole 25SC-DDH-006, the continuation of drill hole 24SC-DDH-005, successfully extended the gold-copper mineralization from 496 m to 642 m for a combined intercept of 206 m of 0.99 g/t gold with 0.109 per cent Cu. Detailed discussion The phase III drilling campaign at Santa Cecilia focused on two target areas, Gemelos Norte and Pircas Norte. At Gemelos Norte, three diamond drill holes, SC25-DDH-007, SC25-DDH-009 and SC25-DDH-010, totalling 2,958.3 m, were completed. Two drill holes, SC25-DDH-006 and SC25-DDH-008, totalling 1,104.3 m, were completed at Pircas Norte. The drilling at Gemelos Norte intercepted a new porphyry complex extending gold-copper mineralization at Santa Cecilia to the eastern limit of the property. At Pircas Norte, drilling extended gold-copper mineralized bodies to the north and west by over 100 m. Currently, the known gold-copper mineralization at Santa Cecilia extends in an east-west direction for approximately 3,500 m. Gemelos Norte drilling 25SC-DDH-007 Six main porphyry units were intercepted by this drill hole, from intermineral to late-mineral pulses. From surface to 157.55 m, a Rhyolite Dome unit, with argillic to advanced argillic alteration and discrete intervals of molybdenum mineralization related to hydrothermal breccias was intercepted. Below 157.55 m, down to 898.69 m, a series of porphyry bodies related to different timing and mineralization styles, including significant early veinlet stockwork zones were intercepted. This interval includes a reported intercept of 652 m of 0.42 g/t gold with 0.134 per cent copper and 60.7 parts per million molybdenum. Potassic alteration is characteristic, represented by local white mica/chlorite-albite-phengite replacement. Late centimetre-scale polymetallic veins are present locally, with associated broad sericite alteration halos. Below 898.69 m to the end of the hole, the Quebrada Seca formation characterized by potassic alteration was intercepted. The highest gold grades reported are associated with a diorite biotite porphyry and the gemelos dacitic porphyry. 25SC-DDH-009 Hole 25SC-DDH-009 is a deeper extension of hole 24SC-DDH-004 drilled in phase II. Five main porphyry units, from intermineral to late-mineral pulses, were identified. The quartz diorite porphyry from 24SC-DDH-004 was extended from 404.2 down to 454.6 and several other relatively narrow interdigitations of the same unit are intruding a broad gemelos quartz diorite porphyry body down to 791.26 m depth. Further down, up to the end of the hole, the gemelos dacitic unit was identified, which is intruding the diorite biotite porphyry unit from 1,093.05 to 1,149.4 m. All porphyry units are variably potassic alternated locally overprinted by chlorite, white mica and albite. Sheeted veining and stockwork are also present in variable amounts, as well as late local polymetallic centimetric veins. The reported mineralized intercepts including 260 m of 0.30 g/t gold with 0.090 per cent copper occur within the gemelos quartz diorite porphyry and the diorite biotite porphyry. 25SC-DDH-010 Drill hole 25SC-DDH-010 intercepted three main intermineral to late-mineral porphyritic intrusive bodies, all of which exhibit potassic alteration and significant early veinlet stockwork zones. The drill hole intercepted zones with discrete argillic alteration overprinting the earlier potassic alteration returned gold-copper results of up to one g/t gold and 0.25 per cent copper. Polymetallic veining is well defined within metre-scale intervals. The drill hole intercepted three broad zones of gold-copper mineralization, the highlight being 736 m of 0.35 g/t gold with 0.079 per cent copper and 19.5 ppm molybdenum. Pircas Norte drilling 25SC-DDH-006 Drill hole 25SC-DDH-006 is a deeper extension of hole 24SC-DDH-005 drilled last season, which ended in gold-copper mineralization. 25SC-DDH-006 intersected three dominant lithologies: the extension of the diorite intrusive breccia unit from 24SC-DDH-005, and a fine-grained diorite porphyry dike, part of the Pircas Norte porphyry complex and the andesitic Quebrada Seca formation. Associated with the porphyry-style mineralization is early stage A- and B-type quartz veinlets containing magnetite, chalcopyrite and pyrite. Localized late-stage low-sulphidation epithermal style veinlets are present, with anomalous Au (gold), Ag (silver), Cu (copper), Mo (molybdenum), Pb (lead), Zn (zinc) values. The total combined mineralized interval from 24SC-DDH-005 and 25SC-DDH-006 is 266 m of 0.81 g/t gold with 0.097 per cent copper and 24.0 ppm molybdenum. 25SC-DDH-008 Hole 25SC-DDH-008 was drilled from the same platform as 24SC-DDH-003. The drill hole targeted the westerly extension of the diorite intrusive breccia encountered in hole 24SC-DDH-003 (432 to 596 m at 0.46 g/t Au and 0.088 per cent Cu), which was intercepted in 25SC-DDH-008 from 440.9 to 566.6 m down hole. The gold-copper mineralized breccia unit was extended by over 100 m to the west with a reported intercepts of 226 m of 0.24 g/t gold with 0.041 per cent copper and 16.1 ppm molybdenum and 324 m of 0.28 g/t gold with 0.076 per cent copper and 31.5 ppm molybdenum. Sampling and assay Analytical samples were taken by Torq staff by sawing PQ, HQ or NQ diameter core into equal halves on site and sent one of the halves to ALS Lab in Copiapo, Chile, or La Serena, Chile, for preparation and then to Santiago, Chile, and Lima, Peru, for analysis. All samples are assayed using 30 g nominal weight fire assay with AAS finish (Au-AA23) and multielement using four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-AA23 results were greater than 10 ppm Au the assay were repeated with 30 g nominal weight fire assay with gravimetric finish (Au-GRA21). QA/QC (quality assurance/quality control) programs for 2024 and 2025 core samples using internal standard samples and duplicates, lab duplicates, standards, and blanks indicate good accuracy and precision in a large majority of standards assayed. Qualified person Bryan Atkinson, PGeo, a part-time staff consultant to Torq, is a qualified person within the meaning of Canadian National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and has reviewed and approved the technical disclosures in this news release. Torq's qualified person (QP) has been unable to verify the technical or scientific information regarding results and resources from neighboring properties, and the information is not necessarily indicative of the mineralization on the property that is the subject of the disclosure. About Torq Resources Inc. Torq is a Vancouver-based copper and gold exploration company focusing on its Santa Cecilia project 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 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. We seek Safe Harbor.
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