on Torq Resources Inc. (CVE:TORQ)
Torq Resources Completes Initial Drill Program at Santa Cecilia Project
Torq Resources Inc., based in Vancouver, has announced the completion of its initial drilling project at the Santa Cecilia site, a venture with Gold Fields. The drill program included five holes over 4,062 meters, targeting the Gemelos Norte area and following up on last year's Pircas Norte discovery. Samples have been submitted for analysis, with the company anticipating the results.
The costs were funded by Gold Fields, granting them a 10% stake in the project. Torq awaits Gold Fields' decision on further investments. CEO Shawn Wallace expressed satisfaction with the progress and anticipates significant developments in 2025. The company plans to commence a new drilling campaign in early spring in Chile.
Further, Torq has granted stock options for 12,700,000 shares to various company members, exercisable at $0.10, expiring in five years.
R. E.
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