Robust Copper-Gold Grades And Expansion Of Sonic Zone Discovery At Kolos Project

VANCOUVER – Torr Metals Inc. reported on 33 rock grab samples collected during 2024 reconnaissance programs, revealing additional high-grade rock grab assays within the Kirby, Rea, and Clapperton exploration target zones as well as a new copper-gold discovery in the northern portion of the Kolos Copper-Gold Project, now termed the Sonic Zone.

Located approximately 30 kilometers (km) southeast of Canada’s largest open-pit copper mine at Highland Valley, the 100% owned ~240 km2 Kolos Project is located on Highway 5 just 23 kilometers (km) north-northeast of the city of Merritt, British Columbia.

New Sonic Zone Discovery: Initial rock grab samples from the Sonic Zone have revealed anomalous copper (Cu) and gold (Au) values in outcrop within a 1,000 by 2,000 meter footprint of strong magmatic-hydrothermal alteration that aligns with the margins of a high magnetic geophysical signature, identified as a potential source monzodiorite intrusion (Figure 1). With no previous exploration recorded in this area, the discovery reinforces Torr's exploration model and suggests the potential for another large-scale cluster of anomalies comparable in scale to the already established Kirby, Lodi, Ace, and Rea targets to the south.

Expansion of Exploration Targets: The potential for expanding the Clapperton Zone has been bolstered by the discovery of large angular boulders, which are interpreted as being close to their original source. These boulders returned anomalous copper values up to 816 parts per million (ppm) more than 1,000 meters east of the 2023 soil sampling grid boundaries; in an area coincident with multiple high-resistivity geophysical anomalies that are identical to that associated with the host intrusion at the main Clapperton showing.

Confirmation of Multiple Areas with Strong Mineralization: The 2024 rock grab reconnaissance sampling programs have identified new sample locations and notable increases in copper (Cu) grades across multiple zones within the Project area. Out of 33 rock grab samples collected, 9 returned values exceeding 500 parts per million (ppm) Cu. This includes an outcrop sample of malachite stained magnetic diorite from the Kirby Zone, which yielded 0.38% Cu and 0.22 grams per tonne (g/t) Au within a ZTEM geophysical anomaly that extends over 1,000 meters in depth, yet to be tested by drilling.

Malcolm Dorsey, President and CEO, said, “The latest results from our 2024 reconnaissance sampling programs not only reaffirm the high-grade potential of the Kolos Project but also highlight significant untapped exploration opportunities across multiple zones. The discovery of the Sonic Zone is particularly promising, as it opens up a new area of mineralization that bears geological similarities to the high-grade New Afton copper-gold porphyry deposit, located just 27 km to the north. These findings underscore the vast potential for untouched new discoveries within the project area, and as we advance into the 2024 field season we anticipate delivering substantial value to our shareholders through continued exploration of these exciting new targets as well as development of our already established zones.”