Mining Stock Education

Torq Resources Acquires Copper & Gold Project in Prolific Chilean Mining Belt with Shawn Wallace

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Sinopsis

Torq Resources is a junior exploration company building a premium copper and gold portfolio in Chile. The company’s management team has raised over $650M and monetized successes in three previous exploration companies. In this interview, Executive Chairman Shawn Wallace explains that Torq has recently acquired the option to earn a 100% interest in the Margarita Iron-Oxide-Copper-Gold project located in Chile, 65 kilometres north of the city of Copiapo. The Margarita project is located within the prolific Coastal Cordillera belt that hosts the world-class Candelaria (Lundin Mining Corp.) and Manto Verde (Mantos Copper Holding) IOCG mines, and porphyry-skarn deposits such as Santo Domingo (Capstone Mining Corp.) and Inca de Oro (PanAust/Codelco). Shawn shared that the company is focused on acquiring and exploring large copper-gold projects because of their outsized value-creating potential if Torq is successful: “it sounds outlandish because we're sitting here at a $50 million market cap, but you can turn i