- Torr Metals (TMET) has acquired a 100 per cent undivided interest of 13 under-surface crown grants
- The crown grants cover ~2.3 km2 beneath the company’s Dalvenie mineral occurrence located on Torr’s wholly-owned Latham Copper-Gold Project
- The Dalvenie Zone is situated 30 kilometres south of the town of Dease Lake in northwest BC and is road-accessible
- The company paid cash consideration in the amount of $25,000
- Torr Metals is a Vancouver-based mineral exploration company focused on defining and developing the Latham Copper-Gold Project
- As of 11:44 AM ET, shares of Torr Metals Inc. were unchanged, trading at $0.175
Torr Metals (TMET) has completed an assignment agreement for a 100 per cent undivided interest of 13 under-surface crown grants.
The crown grants cover ~2.3 km2 beneath the company’s Dalvenie mineral occurrence located on Torr’s wholly-owned Latham Copper-Gold project.
The Dalvenie Zone is situated 30 kilometres south of the town of Dease Lake in northwest BC and is road-accessible through ~2.0 km of gravel road leading west from Highway 37.
The Dalvenie Zone is highly prospective for epithermal and porphyry-style mineralization as it parallels a regional copper-gold porphyry trend that includes the company’s Gnat Pass copper porphyry deposit ~8 km to the north.
Torr’s highway-accessible 689 km2Latham Copper-Gold Project is located within the prolific Golden Triangle region of northern BC.
“The acquisition of the Dalvenie Zone crown grants provides a potential km-scale copper-gold-silver exploration target within the Latham Project that Torr plans to better define with the near-term completion of our historical data compilation,” said Malcolm Dorsey, President & CEO.
The acquisition by the company of certain crown granted under-surface rights overlain by the Latham Project in northern British Columbia was completed through an assignment agreement dated March 25, 2022 with Dr. Joyce Clearihue, an arm’s length third party.
Under the terms of the assignment agreement, the company paid cash consideration in the amount of $25,000 plus the cost of transferring the title of the under-surface Crown Grants to the company.
Torr Metals is a Vancouver-based mineral exploration company focused on defining and developing the substantial exploration and resource potential of the ~689 km2 Latham Copper-Gold project, located within the prolific Golden Triangle of northern British Columbia.
As at 11:44 AM ET, shares of Torr Metals Inc. were unchanged, trading at $0.175.