Torr Metals Inc. (TMET:TSX.V) announced the completion of demobilization and 2,733 meters of diamond drilling across eight drill holes at the Bertha Target, part of the company's 332 km² Kolos Copper-Gold Project in south-central British Columbia, according to a release on December 4.
The drilling successfully tested approximately 400 meters of strike length and nearly 900 meters of down-plunge extent along a moderate-chargeability induced polarization (IP) geophysical anomaly, the company said. This anomaly indicates strongly oxidized volcanic and intrusive host rocks, interspersed with fractured picrite, which creates essential local redox boundaries that enhance the precipitation of supergene mineralization from copper-bearing fluids.
"The completion of 2,733 meters of drilling across eight drill holes at Bertha marks a significant milestone for Torr and has greatly enhanced our confidence in the scale and geological setting of this newly identified supergene system," President and Chief Executive Officer Malcolm Dorsey said. "We have now confirmed more than 400 meters of strike and nearly 900 meters of down-plunge continuity of the system along a strongly structurally controlled corridor; an exceptional outcome for a first-pass drill program. With assays pending for all eight holes, we are eager to share the geological context and clarity that these results will bring to the market as they begin to roll out over the coming months."
Dorsey continued, "With full funding for an additional 6,000 meters, Torr plans to return to Bertha following analysis in late Q1 or early Q2 2026 to continue advancing what we believe has the potential to become a significant brand-new copper-gold discovery in the region."
System Extends Vertical Depths Greater than 580 Meters
This inaugural drilling program on the Bertha IP chargeability target was designed to assess the strike, down-dip, and down-plunge continuity of the supergene system, now confirmed to extend with strong structural controls to depths greater than 580 meters, Torr noted in the release.
The objective of this initial drill program was to evaluate the geological context and assess the potential scale of a supergene system potentially comparable to the nearby New Afton Copper-Gold Mine, located about 28 kilometers to the north-northeast. At New Afton, supergene mineralization typically extends to depths of 400 to 500 meters in the western part of the ore body and continues beyond 600 meters depth along major long-lived fault and fracture corridors, with the picrite contact serving as a critical structural-lithological boundary; an important control that is similarly well-defined at the Bertha target, the company said.
Analyst: Project Attracting Interest
1As copper exploration gains momentum in British Columbia's Quesnel Trough, Torr is positioning itself for a potential new discovery, according to analyst John Newell of John Newell & Associates on October 6. With several undrilled copper-gold porphyry centers, robust infrastructure, and a streamlined share structure, the Kolos project is garnering attention as it embarks on its inaugural drill program, he noted.
The Quesnel Trough is "home to some of Canada's largest and longest-lived copper mines, including Highland Valley (Teck), New Afton (New Gold), and Copper Mountain (Hudbay)," Newell wrote. The company's projects offer "exposure to both copper and gold discovery opportunities across Canada, with Kolos leading the near-term news flow as the first drill program begins in Q4 2025," he added.
For investors looking for exposure to a new copper discovery narrative in one of Canada's safest and most productive mining regions, Newell considers Torr Metals a Speculative Buy at the current price at the time of the report of CA$0.15. The technical price targets are set at CA$0.24, CA$0.48, and a longer-term target between CA$0.60 and CA$0.65, contingent on a confirmed discovery-driven breakout, Newell said.
The Catalyst: Copper Critical in Energy Transition
Copper plays a critical role in the energy transition due to its essential function as an electrical conductor. The metal's prices are anticipated to increase this fall, spurred by seasonal demand and ongoing supply constraints, presenting traders with lucrative opportunities, Don Dawson reported for Yahoo! Finance on October 6.
Home builders are stockpiling copper for spring construction, especially for wiring and plumbing, with demand peaking from September to March. This seasonal pattern, combined with global economic factors, creates an ideal trading window, he explained.
Additionally, Dawson reported that the global copper supply is expected to face a 300,000-metric-ton shortfall in 2025 due to production challenges in Chile and Peru, including labor strikes and mine disruptions. Increasing price volatility is further aggravated by low inventories on the London Metal Exchange, sometimes covering less than a day's demand, Dawson wrote. The energy transition — driven by electric vehicles, solar power, and AI-driven data centers — continues to boost demand, with copper consumption rising annually since 2020, the story noted.
Gold prices dipped on Thursday, pressured by profit-taking even as investors grew more confident that the Federal Reserve will cut interest rates next week, according to Peter Nurse writing for Investing.com on December 4. At 08:30 ET, spot gold decreased by 0.2% to US$4,196.00 per ounce. Spot gold has surged nearly 60% this year, but traders have been locking in some of these gains ahead of the upcoming Federal Reserve meeting.
Markets are currently pricing in almost a 90% probability of a 25-basis-point rate cut at the Fed's December 9–10 meeting, according to the CME FedWatch tool, Nurse said. Recent U.S. data has reinforced sentiment towards a rate cut. Private payrolls decreased by 32,000 in November, according to the ADP employment report — a significant drop from October's revised 47,000-job gain and well below expectations for positive growth. Meanwhile, the Institute for Supply Management (ISM) services index showed modest expansion in November, but underlying data suggested a cooling trend.
Investors are now waiting for a more definitive signal from the delayed September Personal Consumption Expenditures Price Index (PCE), the Fed’s preferred measure of inflation, due on Friday, to better gauge the potential aggressiveness of any rate cut, Nurse said. Adding to the uncertainty are media reports that the Trump administration abruptly canceled interviews with several candidates to succeed Jerome Powell, fueling speculation that Kevin Hassett could emerge as the next Fed chair. These reports have increased expectations of a more dovish Fed stance under new leadership, a development that could benefit non-yielding assets such as gold.
According to Nurse, the World Gold Council (WGC) continues to see strong gains ahead, as investment demand, particularly through gold exchange-traded funds (ETFs), is expected to remain a key driver, offsetting weaknesses in other areas such as jewelry or technology. "The combination of falling yields, elevated geopolitical stress, and a pronounced flight-to-safety would create exceptionally strong tailwinds for gold, supporting a sharp move higher. Under this scenario, gold could surge 15-30% in 2026 from current levels," the WGC report stated.
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$15.09 million and 83.82 million shares outstanding. It trades in a 52-week range between CA$0.08 and CA$0.20 per share.
| Want to be the first to know about interesting Critical Metals, Gold and Copper investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
- Torr Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Torr Metals Inc.
- Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
For additional disclosures, please click here.
1. Disclosure for the quote from the John Newell article published on October 6, 2025
- For the quoted article (published on October 6, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
- 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.




































