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Torr Metals is chasing high-quality porphyry targets with strong similarities to New Afton in southern BC - Richard Mills
Investorideas.comยท 2025-09-15 18:00
Core Viewpoint - Torr Metals is exploring high-quality copper-gold porphyry targets in British Columbia, with geological similarities to the New Afton mine, indicating potential for significant mineral discoveries [1][44][64]. Group 1: New Afton Mine Overview - New Gold's New Afton mine is Canada's only underground block caving operation, located near Kamloops, British Columbia, with commercial production starting in 2012 [3][4]. - The mine's mineral resource estimate as of December 31, 2024, includes 81,643,000 tonnes of ore with grades of 0.51 g/t gold, 1.69 g/t silver, and 0.61% copper, containing approximately 1,352,000 ounces of gold, 4,431,000 ounces of silver, and 1.1 billion pounds of copper [4][5]. Group 2: Torr Metals and Kolos Project - Torr Metals has shifted focus to the Kolos copper-gold project, which covers 332 square kilometers and contains geological features similar to other significant porphyry mines in the region [10][11]. - The Kolos project is strategically located with year-round access and contains historical copper and gold occurrences, with four main porphyry targets identified [13][56]. Group 3: Recent Exploration and Discoveries - In 2023, Torr Metals initiated a field program that included soil and rock sampling, identifying significant geochemical anomalies and new mineralized zones, including the Vik Zone and Sonic Zone [34][36][41]. - The Sonic Zone discovery revealed geological features comparable to the New Afton deposit, suggesting potential for a substantial mineralizing system [44][45]. Group 4: Bertha Property Acquisition - In March 2025, Torr Metals expanded the Kolos project by acquiring the Bertha property, which hosts significant copper and gold occurrences and shares geological similarities with the New Afton deposit [46][48]. - Recent fieldwork at Bertha confirmed high-grade copper mineralization, with rock samples returning up to 16.9% copper, indicating strong potential for further exploration [50][52]. Group 5: Future Exploration Plans - Torr Metals plans to advance drilling programs at the Bertha target and is preparing to evaluate the Sonic Zone, aiming to unlock the project's full potential within British Columbia's copper belt [58][57].