Torr Metals Plans 6,000 Meters of Drilling at Kolos Project in Canada for 2026
2026-02-06 10:37
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Wedoany.com Report on Feb 6th, Torr Metals Inc. is a junior exploration company focused on discovering copper and gold resources in established mining jurisdictions. The company holds three district-scale projects in British Columbia and Ontario, with its current focus on advancing the Kolos copper-gold project located in southern British Columbia.

The Kolos Project is situated within Canada's prolific Quesnel Trough copper belt, a region hosting numerous long-life mines. The project area benefits from excellent infrastructure, including highways, power, and rail networks. The Kolos Project contains four undrilled copper-gold porphyry targets distributed across a 16-square-kilometer geochemical anomaly.

The company has recently completed the maiden drill program at the Bertha target, with approximately 2,700 meters of drilling confirming a structurally controlled copper-gold-silver system. Drill results show widespread copper anomalies and alteration features consistent with the peripheral parts of a porphyry system. Fully funded, the company plans a Phase 2 drill program for 2026, with an anticipated scope of 6,000 meters.

Beyond the Bertha target, the Kolos Project includes other high-potential targets. The Sonic target is an approximately 8-square-kilometer undrilled copper-gold soil anomaly with geological similarities to the neighboring Ajax deposit. The Kirby and Lodi targets constitute a multi-centered porphyry system with over 4 kilometers of undrilled strike length.

Torr Metals also holds the Latham copper-gold project and the Filion gold project, providing diversification to its portfolio. The Latham Project is located in British Columbia's "Golden Triangle" and contains a historic copper resource. The Filion Project, situated in Ontario, covers a district-scale gold system.

The company's management team consists of experienced geologists and mining entrepreneurs. President and CEO Malcolm Dorsey brings over 13 years of experience in copper-gold projects and has conducted extensive research in the project's region. Chairman John Williamson has over 30 years of experience in the junior mining sector.

As of early February 2026, Torr Metals has approximately 83 million shares outstanding and about 108 million shares fully diluted. The company's market capitalization is approximately C$12.6 million, with working capital of around C$4 million, providing funding security for its 2026 exploration plans.

From a technical analysis perspective, the company's share price shows characteristics of an upward trend following a period of consolidation. The current share price is approximately C$0.155 per share, with technical analysis suggesting a potential medium-term target around C$0.35.

Torr Metals' Kolos copper-gold project, located in a significant Canadian copper belt, combined with the professional expertise of its management team and solid financial backing, offers exploration potential for investors. The project's 2026 drilling program will provide crucial data for further resource potential assessment.

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