TORCH RIVER
RESOURCES LTD.
FOR IMMEDIATE RELEASE
November 6,
2007
TORCH RIVER ANNOUNCES POTENTIAL HIGH GRADE MOLY ZONE AT
RED BIRD
Torch River Resources Ltd (?Torch?) (TSX-V: TCR) (FRANKFURT: WNF)
is pleased to announce the results of
assays of a soil sampling program at its Red Bird molybdenum/copper/rhenium
property in British Columbia.
The results of assays for soil samples taken
on the Main Zone at Red Bird have returned results over a 450 meter long area
North to South which indicate the possibility of a high grade molybdenum zone
near surface. Because of the
possible significance of such a zone, Torch River had its geologist resample
seven of these areas and had those samples assayed by separate
laboratories. The first set
of assays were done at Pioneer Laboratories and the second set by ALS Chemex both in Vancouver, B.C.
Coordinates |
Pioneer
Assay
(Mo) |
Chemex
Assay
(Mo) |
Pioneer
Assay
(Cu) |
Chemex
Assay
(Cu) |
10600E10150N |
.5410% |
.2120% |
.1247% |
.1460% |
10600E10200N |
.1034% |
|
.0950% |
|
10600E10250N |
.2980% |
.1940% |
.0738% |
.0879% |
10600E10300N |
.0874% |
|
.0430% |
|
10600E10350N |
.2210% |
.2500% |
.0980% |
.0879% |
10600E10400N |
.2400% |
.2690% |
.0889% |
.0708% |
10600E10450N |
.2210% |
.2580% |
.1066% |
.1060% |
10600E10500N |
.1144% |
|
.1566% |
|
10600E10550N |
.3340% |
.3320% |
.0865% |
.1460% |
10600E10600N |
.2910% |
.2720% |
.0549% |
.0541% |
A diagram showing the location of the Main Zone
and the above soil samples can be viewed at Torch?s web site at www.torchriver.ca
Torch will target drill holes in this area
of the Main Zone in its 2008 diamond drill program at the Red Bird
property. The objective would
be to prove a zone of high grade molybdenum near
surface.
If such a high grade zone exists, Torch
could consider applying for a small mines permit. The advantage to a small mines permit is
that it can allow for possible production in a much reduced time frame. The capital costs of a small mine
are also much reduced from a regular production mine. The downside to a small mines
permit is that it limits the annual production to 75,000 tonnes of ore per
year.
The Red Bird property was proposed to go
into production in the early 1980?s by Craigmont Mines
Ltd.
Andris A. Kikauka, P.Geo.
is a Qualified Person under NI 43-101 and has reviewed and approved the
technical data in this press release.
Torch is a company listed and trading on the TSX Venture
Exchange, symbol: TCR
Dr. William E. Pfaffenberger
President and CEO
Torch River Resources Ltd.
Telephone No. (403) 444-6888
torchriver@telus.net
FOR FURTHER INFORMATION
PLEASE CONTACT:
ProActive Communications
Co.
Local Vancouver: (604)
541-1995
Or toll free
(800) 540-1995
For all Torch River investor relations needs,
investors are asked to visit the Torch River IR Hub at http://www.agoracom.com/IR/Torchriver where they can post questions and receive answers
within the same day, or simply review questions and answers posted by other
investors. Alternatively, investors are able to e-mail all questions and correspondence to tcr@agoracom.com where they can also request addition to the investor
e-mail list to receive all future press releases and updates in real
time.
THE
TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY
FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release may
contain forward-looking statements which may include estimates, plans,
expectations, opinion, forecast, projections, guidance or other statements that
are not statements of fact, including without limiting the generality of the
foregoing, statements made regarding
drilling on Torch?s Red Bird property. Although Torch believes that the
expectations reflected in such forward looking statements are reasonable, it
cannot give any assurance that such expectations will prove to be correct. Results of Torch including its ability
to mobilize and drill on schedule may be affected by a variety of variables and
risks associated with the mining industry such as availability of human and
capital resources, competition, exploration and development plans and results,
anticipated capital expenditures and financing thereof, timing of applications
and approvals. As such the future
plans and objectives of Torch are forward-looking statements that involve risk
and uncertainties and may be based on assumptions that could cause actual
results to differ materially from those anticipated or implied in such
statements. Torch?s forward-looking
statements are expressly qualified in their entirety by this cautionary
statement. Unless otherwise
required by applicable securities laws, Torch does not intend nor does it
undertake any obligations to update or review any forward-looking statements to
reflect subsequent information, events, results or circumstances or
otherwise.
Calgary,
Alberta T2P 5C5