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Up norf. Let's start with the
parallel structure next to our original discovery at

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five thirteen. I mean, we're
running over a gram gold for forty meters

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with half a percent copper. One
thing that I'll say there, though,

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is that the mineralizations about two hundred
meters vertically deeper than anything else we've seen,

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which just opens the whole thing up. So we can chase that intercept

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up towards the surface. You know, we believe that it actually will probably

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impact the five thirteen discovery. We
want to drill a little deeper on that

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now now that we know that mineralization
occurs, and high grade mineralization occurs.

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The Financial Survival Network now more than
network, the Financial Survival Network. Welcome,

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this is Financial Survival Network. I'm
your host, Kerry Lutz. We

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are here with Torque Resources CEO Sean
Wallace and Chief Geological Officer Michael Henrickson for

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a major, major sponsor update.
Sean tour could just release the news yesterday

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that you made two important discoveries at
the Margarita Project to fill us in significance

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impact importance. Yeah, well,
thanks, Kerry. You know, this

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is a very impactful moment for Torque. In terms of Margarita, you know,

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we had made a discovery there last
year grade it was sort of hanging

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out there in space, and then
we went looking for could this have some

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size? That was the second program. Yes it could have some size.

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So this third round that we did
was like, is there, you know,

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could there be something of economic significance
outside of what we'd already discovered.

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And as you've seen from our news
that we just released here yesterday, that

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indeed there are two things. One
of them is similar to the FIA thirteen

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discovery. It's a parallel structure,
I mean, and it shows great grade

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and coppers what we came to hope
for from FIA thirteen. But it's a

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whole other body. So that says
to Fire thirteen, yeah, you can

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be big enough to get somebody interested
to have that. We might be getting

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that critical mass where that is,
you know, a mineable resource. We'll

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have to go drill sowre obviously to
flesh that out, but now it looks

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like that seeming like that's quite possible. And then down to the south Boom,

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this Ox side. We always knew
there was oxide down there, but

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the work that had been done there
was sort of pickup truck level, you

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know, just grabbing the low hanging
fruit from the surface type work. And

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you know, we drilled that we
had this fantastic you know, one hundred

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and fifty meters of like half a
percent. So what what more could you

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ask for from oxide that there are
companies out there would love to mind that

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sort of thing all day long if
we can make it big enough. So

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what's impactful about this is Margarita is
a project that we're going to continue to

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work on. It's a project that
we're going to put extra effort, and

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it's a project that's going to attract
a lot of interest from the appropriate type

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suitors, i e. Mid tier
mining companies, and you know there are

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a number of them active in the
area. So it's it works quite well.

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And so Michael, it's good to
see you again. Hey, the

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grades here and the breadth of what
you've uncovered, can you just fill us

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in a little bit on that,
Yeah, I mean certainly up. Nor

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if let's start with the parallel structure
next to our original discovery at five thirteen,

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I mean we're running over a gram
gold for forty meters with half a

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percent copper one thing that I'll say
there though, is that the mineralizations about

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two hundred meters vertically deeper than anything
else we've seen, which just opens the

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whole thing up. So we can
chase that intercept up towards the surface.

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You know, we believe that it
actually will probably impact the five thirteen discovery.

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We want to drill a little deeper
on that now now that we know

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that mineralization occurs and high grade mineralization
occurs, and all of this that we're

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intersecting is you know, they're open, pittable depths, so you know,

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really extremely positive up there. As
Sean said, in terms of scale with

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respect to the south and the Aux
side, I mean, look a hundred

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I think it was one hundred and
thirty four meters just shy half percent and

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oxide beautiful, you know, absolutely
beautiful. And its location is tremendous in

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that that intercept is situated right at
the contact of volcanics and intrusives, which

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means you can have these flatlining Manto
type style of mineralization and you build tons

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quick if that is the case.
So it's just it's just blown the doors

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open for scale on the project.
And I think you know, Luckily in

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my career, I've participated in a
number of discoveries and it's got that feel

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to it right now. You know, every time we step out with the

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drill, we find something and that's
a rare that's a rare thing. So

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we're we're very happy with the way
this is going. Yeah, you've had

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a lot of news, a lot
of results. We still have seven more

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drill holes to go, Michael,
and can the news get? How much

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better can the news get? I
mean, look, Carrie, for me,

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the news like you know, when
you're exploring, like we did.

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You know, we were putting one
hole into various targets and so already I

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would tell you that the news,
the news is huge for us. You

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know, we we see large scale
copper oxide potential and our initial discovery getting

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a lot bigger. I mean,
who knows what happens in these next holes.

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I haven't seen any results, so
you know, I can't comment on

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that, but already, just where
we're at, fantastic program. So looking

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ahead to twenty twenty four, phase
four of the project, what are you

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leaning towards there? Yeah, I
mean it looks just to take it from

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a technical standpoint, only you know, look, I right away, I

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would say, you know, so
far we put eleven eight hundred meters just

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shy twelve thousand meters into Margarita with
the current. What happened in this round

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of drilling. You know, we
have three bodies that we kind of got

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to go chase after and do what
we did in phase two by showing their

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continuance so I could see, you
know, technically I could rationalize ten thousand

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meters no problem, and I would
like to see us do it. I'd

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like to see a diamond rig out
there as well, you know, maybe

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one RC one diamond. That Round
four is different, you know, with

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with round two we had a single
hole into a discovery and then we drilled,

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you know, to see it can
be continuous. In this case,

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we've got three structures. We've got
to do that too. Now we got

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the parallel structure at five thirteen,
the Codo Tuda structure and the Margarita structures.

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So you know, just right away
you can see the scale of the

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program that's justified from a technical perspective. Yeah, we're looking forward to that.

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So Sean, you know phase four
obviously you're onto something here, but

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the market has has honored you with
its indifference. But at the same time

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as the market is indifferent, the
companies, the potential acquirers, suitors,

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whatever, are showing more interest than
ever. Yeah, I think I think

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there's something that's been going on industry
wide. Michael and I attended the Beaver

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Creek Concert conference here recently, and
there was a lot of activity from mid

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tier companies wanting to talk to not
only US, but the other companies because

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they can see this disconnect between what's
happening with some companies ours in particular,

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I think uh and the valuation versus
like what's happening at the project, the

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developments, and then the fact that
it's not being reflected in the market,

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which only really increases the value proposition
for anybody wanting to come in, be

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it an investor or a corporate or
whomever. When you look at the company

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that's making these having these big accomplishments, but not their market cap isn't going

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along with it. So I think
that that you know, a lot of

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companies are shopping right now because the
because it's things are on sale. Fortunately

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for us we have we hold our
shares very well, so the only thing

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that's going to happen to us is
what let we let happen to us,

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and so people don't have to be
worry about anyone coming in taking advantage.

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But certainly it feels good to have
an asset that you know is being coveted

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by the people that ultimately we want
to sell to. As that is our

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business plan, that's the back end
of what we do. We try and

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sell these assets after we've added value
to them. And if I do some

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back of the envelope calculations and a
meth was never my strong suit, it's

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almost looking like pork is a value
play. I would suggest there's a lot

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of evidence that can strongly support that
notion. Right, So eventually, in

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any market, value wins out.
And we still have the Santa Cecilia project,

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which prospectivity is exciting. As Margarita, well, I mean we increased

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the grade bio a goal grade over
by seventy eighty percent here in two drolls

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and our first campaign through there.
So we're chalk now that we've got everything

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back from Margarita. As great as
that is, we love it, we're

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chopping at the bit to go up
and continue to expose the value that we

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believe and that our work thus far
has led us to believe it exists.

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At Santa Cecily, I've never felt
better about a project than I do that

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one. So you kind of have
to balance, Michael, these two projects.

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I mean, most companies, most
geologists are happy to find one of

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them in their lives. And obviously
you've done multiple You've done it many times

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before. But now you've got two
potential monsters that you're sitting on. Yeah,

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I mean, look, it's a
fantastic position to be. And you

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know, when we originally went to
Chile, you know, we obviously all

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know about the world the world's best
coppera endowments in Chile, and we knew

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this, and you know, I
think by teaming with our Chilean team,

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you know, Waldo Quadra and his
team, we're just starting to realize the

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potential of what Torque's got. I
mean, tab two projects is exciting,

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as you can imagine. Now,
we just got to continue to advance them,

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you know, and we've been doing
a good job of that. You

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know, We're we're now in a
phase I think crucially where you know,

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most of the pre you know,
all the pre drilling targeting works really being

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done at Santa Sicilia, so we're
just able to go up there with the

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drill. You know, news out
of Santa Cecily will be drilled bit and

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obviously you know there'll be plenty of
drilling news coming out of Margarita in the

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future as well. So we're extremely
well positioned right now. And Sean has

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the Treasury looking to finance the future
drill programs. Well, you know,

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Gary, that's the one thing that
this disconnect provides a challenge for us.

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As you know, we have a
good track record of being able to raise

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capital when we need it and on
terms that are generally beneficial. That has

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not been the case for about twelve
to twenty four months here even longer for

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that matter. And so what you
we have about three point eight million dollars

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in the bank today. We're going
to have to raise additional capital. But

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you know, as always, our
team has always been to be you know,

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since to dilution and the value proposition
for existing shareholders and the people you're

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bringing in. So you know,
probably see us continue to do smaller financings

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more frequently. It's not how I
like to do it, it's not how

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it is better for the business.
If we could do big ones and then

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do them less frequently because it's distracting
and it takes resources to go and do

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that. But that's that's the hand
we're being dealt right now. It doesn't

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we don't have a say in that
matter, and therefore we're just going to

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do the best job we can within
that environment. And I think our strategy

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has sound and then we'll be able
to maintain the value proposition for shareholders,

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and that's we're keenly focused on that, right Yeah, well, hey,

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you got to you got to do
what the market dictates. You don't have

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a lot of freedom in that respect. But hey, I'm sure everybody investors

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companies that have invested today couldn't be
happier. Well, it could be worse.

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We could be missing at the projects
and then we'd be in a whole

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other world or hurt, wouldn't Well, yeah, fortunately that's not an issue,

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and I guess we can look forward
to more good things in the not

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too distant future. In any event, I suggest everybody go over to the

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company's website, which is Torque Resources
dot com and sign up for notifications,

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because it sounds like the news cycle
is about to pick up the ticker symbols

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in the in Canada t S the
ts X, it's t O r Q,

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and of course in the US it's
t R B m F. Gentlemen,

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Michael Shawn, thanks for stopping by. Thanks Garry, our pleasure.

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Thank you The Financial Survival Network