- 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 discoveries.
Modern exploration techniques are powerful tools. Advanced geophysics and core drilling can peer deep beneath the surface, revealing hidden mineral deposits. These technologies, together with boots on the ground surface work can unlock the secrets of Ontario’s geology, pinpointing areas with the highest potential for harboring the next big gold or copper find.
Torr’s 100% owned 261km2 Filion Gold Project is ideally situated adjacent to excellent infrastructure with direct road access from the Trans-Canada Highway 11, paralleled by the regional railway and provincial power grid, as well as the nearby town of Kapuskasing located ~30 km to the southeast. These significant factors not only result in lower costs to exploration but also provide opportunities for year-round operation potential.
Surrounding the Filion Gold Project are operations of the likes of Agnico Eagle, Alamos, Barrick, and the famous Timmins Gold Camp that cumulatively host an estimated 170 million ounces of gold worth some $400+ billion at current prices.
Gold deposits in this area often share similar geological features. Additionally, they’re often found nestled within major east-west fault zones, a setting that is also seen at Filion.
While neighbors’ mineralization is no guarantee, the prolific nature of the region is reason for immense optimism. Since acquiring the project in October 2023, Torr has moved quickly with the first modern exploration work on the land, including a systematic humus soil sampling program that was the first to test for broad mineralization along the gold endowed Filion Fault Zone; successfully confirming this potential in early 2024. Historical rock grab samples from this zone have also demonstrated the potential for high-grade mineralization, with values up to 9.1 g/t gold (Au) and channel sampling reportedly yielded 91.4 g/t Au over 0.3 meters.
Of the 318 humus soil samples, 39 showed greater than 10 parts per billion (ppb) gold with 13 exceeding 20 ppb Au, reaching a maximum of 1,320 ppb Au. The early work combined with historical data pointed towards the potential for significant mineralization; with Torr delineating six kilometer-scale gold soil anomalies that align with historical VLF-EM conductors across a 2.5-kilometer-wide corridor. More than 21 of the 28 known conductors have yet to be tested.
None of these areas have been tested by drilling. Torr is looking to change that.
The company announced on July 3 that it has received a three-year exploration permit from the Ontario government.
Malcolm Dorsey, President and CEO, commented, “The granting of this exploration permit opens up a tremendous opportunity for Torr to build on our promising work from late last year at the Filion Gold Project. We are very excited to further advance our exploration, especially after identifying extensive kilometer-scale gold soil anomalies that have yet to be drill tested along-trend of historical high-grade rock and channel samples.”
Dorsey added that the company is in the process of finalizing exploration plans and that he will keep investors updated on progress over the coming months.
In Ontario, the success of nearby mines serves as a powerful motivator. Existing infrastructure, skilled workforce, and established regulatory frameworks create a fertile ground for developing new discoveries. Ontario’s mining history may be a testament to its past riches, but it also paves the way for a future brimming with new opportunities to unearth the province’s next generation of mineral wealth.
For more information, visit the company’s website at www.TorrMetals.com.
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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