Torq Resources Inc. announce the second set of results from the recently completed Phase II drilling program at its Santa Cecilia project, located in the prolific Maricunga belt, in the Atacama region of Chile. The second discovery hole, 24SC-DDH-005, intercepted an interval of 120 m with 1.33 g/t gold (Au), 0.096% copper (Cu) at a depth of 376 m to 496 m (end of hole) ending in mineralization. A high-grade quartz vein was included within the broader interval, which returned 2.0 m of 47.90 g/t gold from 414 m. A selective sample of a 27 cm wide quartz vein from 484.63 m assayed 39.70 g/t gold.

Drill hole 24SC-DDH-005 intercepted four other zones of significant gold and copper mineralization including 118 m of 0.26 g/t gold and 0.034% copper from surface. The hole was drilled 315 meters southeast East of the previously announced 502 m of 0.36 g/t gold and 0.078% copper intercept from 23SC-DDH-003. The reported intercepts from the Pircas Norte discovery demonstrate both the overall potential scale and grade of the mineralized body which remains open in all directions.

The Company is encouraged by the results to date from the limited drilling at both Pircas Norte and Gemelos Norte and is currently planning additional drilling with a particular focus on the high grade broad gold mineralization seen at Pircas Norte. At the Gemelos Norte drill hole 24SC-DDH-004 intercepted 98 m of 0.18 g/t gold and 0.043% copper (Cu) were obtained at a depth of 274 m and, 10 m of 0.36 g/t Au and 0.004% Cu at a depth of 12 m. The entire drill hole was anomalous in both copper and gold mineralization and the Gemelos Norte target remains open. The 2024 Phase II Santa Cecilia drill program comprised 1,500.2 m in three drill holes.

Drill holes 23SC-DDH-003 and 24SC-DDH-005 were completed at the Pircas Norte target and drill hole 24SC-DDH-004 was completed at the Gemelos Norte target. The Pircas Norte and Gemelos Norte targets are located within 1 - 2 km of the Caspiche deposit. Pircas Norte has the largest surface footprint of observed porphyry mineralization at Santa Cecilia, measuring approximately 300 m x 400 m. Most of the Pircas Norte area is covered by colluvium.

However, selective rock samples have returned values between 0.35 g/t Au and 1.43 g/t Au, 0.09% Cu and 0.47% Cu, and irregular anomalies of up to 4 ppm Mo. Drill hole 24SC-DDH-005, intersected various types of porphyritic units, some with autobreccia style, including wallrock fragments, mainly from early Paleocene basement. Like drillhole 24SC-DDH-003, the drilling has shown, overprinted on top of the Porphyry style mineralization, late-stage gold-lead-zinc veining, represented by pyrite, chalcopyrite, low-iron sphalerite, galena structures, particularly important at the bottom of the hole, where coarse, visible gold was encountered.

The units intersected by 24SC-DDH-005 may be summarized as follows Overburden, from 0 to 4.9 m Diorite Intrusive Breccia, from 4.9 to 68 m, fine grained porphyritic Diorite, locally autobreccia, and fine, dark wallrock and quartz veinlet fragments. Average 0.35 g/t Au, 0.04% Cu, 33 ppm Mo. Strongly oxidized, minor stockwork veining and late polymetallic veins.

Diorite Porphyry (Amphibole - Biotite), from 68 to 152 m, coarser grained than the former, local quartz grains. Average 0.14 g/t Au, 0.03% Cu, 9 ppm Mo. Diorite Intrusive Breccia, from 152 m to 177.8 m, average 0.26 g/t Au, 0.09% Cu, 21 ppm Mo.

Frequent Magnetite veining Quartz Diorite Porphyry (Fine Grained), from 177.8 m to 203 m, average 0.07 g/t Au, 0.01% Cu, 5 ppm Mo. Minor veining, mostly late. Late Diorite Porphyry, from 203 to 385.5 m, average 0.04 g/t Au, 0.01% Cu, 3 ppm Mo.

Considered to be late stage, with very minor stockwork, rare late, polymetallic veins. Occasional wallrock lithic fragments. Diorite Intrusive Breccia, from 385.5 to 496 m (end of hole), average 0.58 g/t Au, 0.1% Cu, 16 ppm Mo (for averaging purposes, 3 high gold grades, corresponding to late-stage veins, were normalized to 1.5g/t).

This lithologic unit features intense A and D type stockwork veining. Also, numerous late polymetallic veins, up to 10 centimeters wide. At least one of these with visible gold: 484.63 m to 484.9 m @ 39.7 g/t Au, 19.1 g/t Ag, 0.17% Cu, 0.54% Pb and 1.2% Zn.

The average of this unit (110 m, from 386 to 496 m), including the high-grade vein material (three 2 m intervals) gives 1.44 g/t gold, 0.103% Copper, 16.5 ppm Molybdenum. This later unit is similar to the Intrusive Diorite Breccia intersected at the end of 24SC-DDH-003, with similar grades (168 m @ 0.46 g/t Au - 0.09% Cu), suggesting an important distribution for this lithologic unit. In vertical sense, at least 300m might be considered, where at surface, preliminary sampling in porphyritic rocks returned similar values directly above.

Surface rock sampling and mapping confirmed the coincident location of thin, gold bearing stockwork at the dome lithology. The drill hole was set to test the anomaly and veining observed at surface. Results show the Rhyolite dome strongly anomalous in Moly, 108 m @ 124 ppm Mo in breccia zone (gold 0.07 g/t).

The Porphyries lower down run lower Mo but higher gold, 170 m @ 0.15 g/t. The units intersected by 24SC-DDH-004 may be summarized as follows Overburden from 0 to 14, one 2 m sample @ 1.36 g/t Au. Gemelos Rhyolitic Dome, from 14 m to 234 m. Quartz bearing feldspar porphyry, locally brecciated, rarely banded, strongly argillized. This unit averages: 0.058 g/t Au, 0.016% Cu, 66 ppm Mo.

One major stretch with discontinuous breccia intervals, from 56 to 150 m, averages 0.065 g/t Au, 0.02% Cu, 138 ppm Mo. Dacitic Porphyry, with Chlorite, Magnetite, 234 m to 334 m, averaging 0.14 g/t Au, 0.038% Cu, 4 ppm Mo. Frequent A and D veins.

Fine Grained Dacite Porphyry, from 334 m to 372 m, averaging 0.2 g/t Au, 0.044% Cu, 7 ppm Mo. Frequent A and D veins, local crackle breccia. Quartz Diorite Porphyry, from 372 to 404.2 m (end of hole).

Averaging 0.1 g/t Au, 0.026% Cu, 4 ppm Mo. D veins. The results suggest that the porphyry system at the Gemelos Norte target is seperate from Pircas Norte with The volcanic Dome at Gemelos plays an important role, carrying sub economic molybdenum values in direct contact with Porphyry phases of interest.

No late-stage polymetallic veins have been identified to date indicating the overall exploration potential of the early stage Gemelos Norte target. exploration ground almost untouched.