- Global copper contracts on the London Metals Exchange breaking records, similar trends observed in New York and Shanghai
- TMET focuses on 100% owned gold and copper projects spanning 1,000+ square kilometers with highway accessibility in Ontario and British Columbia
- The Filion Gold Project features six undrilled orogenic gold targets along the Filion Fault, historical sampling revealed high-grade gold potential
- The Kolos Copper-Gold Project targets untapped copper-gold porphyry potential comparable to regional deposits like Copper Mountain
- The Latham Copper-Gold Project encompasses five never-drilled copper-gold exploration targets in addition to the Gnat Pass copper-gold porphyry deposit, located adjacent to Highway 37 with substantial expansion potential
As global metal markets experience unprecedented volatility, Torr Metals (TSX.V: TMET), a Canada-based company focused on advancing promising early-stage district-scale mineral properties, is positioned to capitalize on the soaring demand for copper and gold.
Global copper contracts on the London Metals Exchange soared nearly 3%, nearing an all-time high last seen in March 2022 (https://ibn.fm/zgnKo). Similar records followed in New York and Shanghai amid a short squeeze on the Comex exchange – a division of the New York Mercantile Exchange (“NYMEX”).
“While there were a lot of Western funds that missed out on the gold rally, it’s clear that they’re very eager to participate in copper,” said Matthew Heap, a portfolio manager at Orion Resource Partners. “That reflects the fact that, thematically, there’s a very clear story to tell for copper, and you can explain in an elevator ride why prices are likely to rally substantially higher from here.”
TMET actively engages in advancing its 100% owned mineral properties across 1,000 square kilometers in Ontario and British Columbia. The company’s portfolio comprises three key exploration projects, each holding substantial promise for new major mineral discoveries and development.
The Filion Gold Project, located in northern Ontario, spans 261 square kilometers, and features six undrilled gold targets along the Filion Fault. Historical sampling has revealed high-grade gold potential, with notable assays including up to 9.1 g/t Au in rock grab samples and 91.4 g/t Au over 0.3m in channel sampling. Recent soil sampling has further underscored the project’s prospects, with assays hitting up to 1.32 g/t Au within a significant anomaly extending approximately 1200 meters along-strike of historical high-grade rock and channel samples.
TMET’s Kolos Copper-Gold Project in south-central British Columbia covers 240 square kilometers, targeting untapped potential comparable to regional deposits like Copper Mountain. Historical rock grab samples have exhibited high-grade values, including assays up to 4.24 g/t Au, 0.52% Cu, and 11.3 g/t Ag. A soil sampling and geophysical survey conducted in late 2023 has recently identified five coincident kilometer-scale soil and geophysical anomalies adjacent to Highway 5, the latter of which suggests robust underlying hydrothermal alteration and mineralization extending up to 1.5 kilometers depth. All the newly defined exploration targets have never been drilled, with pending rock grab sample assays anticipated to provide further valuable insights into the project’s exploration upside potential.
Located in northern British Columbia is the Latham Copper-Gold Project, spanning 689 square kilometers within the province’s famed Golden Triangle. This project encompasses five never-drilled copper-gold anomalies in addition to the Gnat Pass copper-gold porphyry deposit; where historical drilling ended in mineralization, with significant intercepts including 0.44% Cu over 198 meters and 0.72% Cu over 89 meters. Gold content was never systematically tested in historical drilling, presenting further upside with improving deposit economics. High-grade rock grab samples from outcrop at the nearby Dalvenie exploration target further attest to the project’s promise, with values reaching up to 14.15 g/t Au, 4.31% Cu, and 63.1 g/t Ag.
Precious metal prices are projected to increase significantly, driven by surging investor interest and an increasingly supportive macroeconomic environment. With a strong portfolio of exploration projects and a favorable market environment, TMET is well-positioned to achieve significant growth and deliver value for investors amid the green energy transition.
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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