Financial News
Torr Metals Inc. (TSX.V: TMET): Ontario’s Golden Past Hints at a Glittering Future
- Ontario is renowned for world-class mining infrastructure and gold and copper deposits, with the world-class Timmins Gold Camp region hosting $400+ billion in gold resources
- Torr Metals is developing its 100% owned 261km2 Filion Gold Project, ideally located adjacent to the Trans-Canada Highway 11 and northwest of Timmins, with all requisite mining infrastructure
- Late last year Torr conducted the first large-scale systematic soil program ever conducted in the project area, with39 of 318 humus samples returning highly anomalous values greater than 10 parts per billion (ppb) gold and13 exceeding 20 ppb Au, reaching a maximum of 1,320 ppb Au The largest undrilled soil anomaly measures 1200 meters in strike-length with a 250-meter width along-trend of historical channel sampling in limited outcrop that yielded 91.4 g/t Au over 0.3 meters
- Torr this month received a 3-year drill permit from the Ontario government, positioning the company for the first-ever drill program at Filion
Ontario’s mining history is practically synonymous with gold and copper. The Timmins gold rush and the Sudbury nickel irruptions are legendary, shaping the province’s economic landscape for over a century. But could Ontario’s best finds be yet to come? Torr Metals (TSX.V: TMET) thinks so.
While these established camps continue to produce, the surrounding underexplored areas with similar characteristics hold immense potential for new…
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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