The announcement of a key new appointment can often have a significant impact on a company’s stock, and hence, it could be a good time for investors to consider taking a closer look into Torq Resources Inc. (OTC: TRBMF). On March 28, the company hit the news cycle after it announced that Waldo Cuadra had been appointed as a director of Torq Resources. It should be noted that Cuadra is also the company’s general manager in Chile and an officer. In the news release, the company announced that Cuadra had been overseeing the technical team in Chile since he joined Torq Resources in 2020.
More importantly, Cuadra is also a highly experienced executive and a geologist with a proven track record in the mining industry. He had also been the leader of multi-disciplinary teams responsible for development, construction, production, and exploration in Peru, Argentina, and Chile. In the past, Cuadra had also held senior management positions at companies like Goldcorp, Shell-Billiton, Placer Dome, and Noranda-Falconbridge. At those companies, he had overseen projects right from inception through the feasibility stage. Torq Resources noted in its news release that the addition of Cuadra to its board of directors was another move in its larger strategy to boost technical oversight at its board and also raise the level of diversity.
Shawn Wallace, the Chief Executive Officer of Torq Resources, spoke about the latest development as well. He noted that everyone at the company was thrilled at the prospect of Cuadra joining the board of directors at an exciting time for Torq Resources. He stated that he joined at a time when the management was waiting for results from the drilling program at the flagship Santa Cecilia gold-copper project. Wallace also touched up on the considerable experience that Cuadra held both in management and in geology.
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