Junior Miner Finds 13.1g/t Gold at Filion Project in Ontario

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1. Disclosure for the quote from the John Newell article published on February 5, 2026

1. For the quoted article (published on February 5, 2026), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
2. Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Torr Metals Inc. (TMET:TSX.V) announced results from 14 reconnaissance rock grab samples collected in late 2025 from a large historical trench network identified through LiDAR (Light Detection and Ranging), according to a February 18 release.

These samples returned assays of up to 13.1 grams per tonne gold (g/t Au) within the Oscar Zone at its fully owned 202 km² Filion Gold Project in northern Ontario. Of the samples taken from outcrop and trench float, six showed >1 g/t Au, including three with >7 g/t Au over a 140-meter strike length, the company said. This represents just 16% of the approximately 900-meter total strike length of trenches originally dug in the 1930s, with the remainder still unsampled.

"These results continue to highlight Filion's capacity to potentially deliver a meaningful new gold discovery within a highly prospective orogenic gold district held by Torr," President and Chief Executive Officer Malcolm Dorsey said. "High-grade rock grab samples of up to 13.1 g/t gold, coincident with undrilled geophysical and soil anomalies, reinforce the strength and continuity of mineralization at Oscar and along the broader 60-kilometer Filion structural corridor. Importantly, this target is located just 2.3 kilometers from the Trans-Canada Highway, with adjacent rail and power infrastructure, meaning any potential future discovery would benefit from immediate, real-world access."

Historical records indicate minimal activity in the area since 1948, and while there is some reference to limited drilling in the broader corridor, no verifiable drill locations or assay results have been identified, leaving the trenched area largely untested by modern drilling methods, Torr said in the release. The historical trenches are accessible by road via legacy exploration trails located 2.3 kilometers north of the Trans-Canada Highway 11 and about 37 kilometers northwest of Kapuskasing, the Project’s operational base.

The confirmation of high-grade gold mineralization supports historical reports and reinforces Torr’s interpretation of the Filion structural corridor as a significant, underexplored gold-bearing system, the company said. These findings further highlight the robust structural architecture controlling gold mineralization and confirm Oscar as a potential bedrock source of one of two significant anomalous soil clusters identified in 2025. Soil assays from this cluster returned values of up to 1.04 g/t Au, along with elevated levels of arsenic (As), tellurium (Te), tungsten (W), bismuth (Bi), and sulfur (S), which are indicative of regional orogenic gold systems.

To secure the full extent of this interpreted district-scale deformation system, Torr has expanded the Filion Gold Project to cover the entire ~60-kilometer strike length of the Filion structural corridor. Notably, only about 8% of this corridor has been systematically explored using modern exploration techniques, all of which has been conducted by Torr since first staking the project in October 2023.

Highlights of Results

The recent results validate the gold-bearing potential of the Filion structural corridor, supporting the source of the 2025 Oscar gold soil anomaly and enhancing the prospectivity of the Miller Zone soil anomaly (up to 1.32 g/t Au in soil) located 1.4 kilometers west along the same structural system, which remains untested by drilling, Torr said.

Primary targets are defined by east–west oriented magnetic anomalies, indicating prospective lithological and structural boundaries within multi-kilometer deformation breaks. These corridors are intersected by northeast–southwest structures, creating zones of complexity that may focus strain and hydrothermal fluid flow, representing priority areas for potential gold deposition.

High magnetic trends define magnetite-bearing stratigraphy and structural corridors, including deformation breaks that may indicate alteration or structural disruption zones, the company said. VLF/EM surveys completed in 2025 identified conductive features interpreted as shear zones, providing additional context for prioritizing drill targets.

"Filion provides the Company with significant strategic optionality while our primary focus remains at the Kolos Copper–Gold Project, where our fully funded Phase 2 drill program of up to 6,000 meters is scheduled to test newly defined, highly prospective copper–gold porphyry targets along Highway 5 in Q2 2026," Dorsey said. "With only a limited portion of the Filion structural corridor systematically evaluated using modern exploration methods, we see clear potential to unlock additional value through disciplined advancement alongside our core copper-gold strategy."

Story Not Built on Theory Alone, Analyst Says

¹In a February 5 review of the stock, Technical Analyst John Newell of John Newell & Associates explains why he like the company.

He said the junior exploration company is dedicated to discovering copper and gold in well-established mining districts that feature existing infrastructure, operational mines, and strategic importance to major producers.

"Torr's strategy is straightforward but disciplined: identify large, underexplored copper-gold systems in proven belts, advance them methodically to drill-ready status, and create discovery leverage in jurisdictions where new deposits are scarce but desperately needed," Newell wrote.

From a technical perspective, Torr Metals has successfully achieved its initial setup. The shares reached and surpassed the first technical target at CA$0.145, confirming the breakout from the base, Newell said. During the challenging market conditions of 2024 for junior explorers, the stock experienced a sharp correction but found support at the 0.618 Fibonacci retracement level, which often marks significant corrective lows in emerging trends. From this point, the chart began to recover, establishing higher lows and indicating a developing uptrend.

Recently, the shares advanced to and exceeded the second target near CA$0.24, before experiencing a sharp drop following drill results that initially received a negative market reaction. This selloff now appears to have formed an island reversal, a classic technical pattern often signaling panic lows and exhaustion selling. Importantly, the decline once again found support near the 0.618 retracement, reinforcing this level as structural support. If this interpretation holds, the corrective phase may be complete. The higher targets on the chart remain intact, with a mid-range target near CA$0.35 and a larger technical objective near CA$0.48 still valid as long as support continues to hold. As share prices advance, larger targets can often emerge later on.

"Torr Metals is not a story built on theory alone," Newell wrote. "It is built on geology, location, and disciplined exploration in one of Canada's most productive copper belts."

He continued, "With first-ever drilling now complete at Kolos, a fully funded follow-up program planned for 2026, multiple undrilled porphyry targets, and a management team with both technical depth and a history of building exploration and mining companies, Torr offers genuine discovery leverage at a modest valuation. For investors comfortable with exploration risk and looking for exposure to copper and gold discoveries in proven jurisdictions, Torr Metals remains a speculative buy for discovery focused Investors at current levels of ~CA$0.155"

The Catalyst: Gold Is Volatile, But Still There

The gold market continued to struggle below the US$5,000 per ounce mark on Tuesday, and stronger-than-anticipated manufacturing data from the New York Federal Reserve could exert further downward pressure on the precious metal, according to a February 17 report for Kitco News by Neils Christensen.

On Monday, the regional central bank announced that its Empire State Manufacturing Survey decreased to 7.1 in February, down from January's 7.7. This figure significantly exceeded expectations, as economists had predicted a reading of 6.4.

"Manufacturing activity continued to expand modestly in New York State in February. Firms remained optimistic that conditions would continue to improve, with employment expected to grow," stated Richard Deitz, Economic Research Advisor at the New York Fed, according to Kitco. The report highlighted that this is the fourth positive reading in five months.

Despite the better-than-expected economic data, the gold market is not showing a significant reaction, as it continued to experience strong technical selling pressure.

Gold and silver prices were on the rise in early U.S. trading Wednesday, with silver once again leading the way, according to Jim Wyckoff of Kitco on February 18. The markets experienced a corrective rebound from Tuesday's losses, along with some position adjustments ahead of this afternoon's release of the FOMC minutes.

The key U.S. data point Wednesday is the release of the FOMC minutes. Traders and investors will be closely analyzing the minutes from the Federal Reserve’s Open Market Committee meeting. During the January meeting, Fed policymakers decided to keep U.S. interest rates unchanged. A move towards cutting rates could boost raw commodity markets by potentially increasing demand.

Fed Governor Michael Barr stated on Tuesday that rates should remain steady "for some time" until there is more evidence that inflation is moving towards the central bank’s 2% target, Wyckoff noted. Meanwhile, Fed Bank of Chicago President Austan Goolsbee mentioned on Tuesday that there could be room for more rate cuts this year if inflation continues its trajectory towards that goal.

Ownership and Share Structure²

About 12% of the company is owned by insiders and close associates. The rest is retail and high-net-worth investors.

Top shareholders include Torr Resources Corp. (owned by CEO Malcolm Dorsey) with 4.77%, John Williamson with 3.41%, Sean Richard William Mager with 0.78%, and CEO Malcolm Dorsey with 0.07%.

Torr has a market cap of CA$13.83 million and 83.82 million shares outstanding. It trades in a 52-week range between CA$0.08 and CA$0.27 per share.