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Cours Or & Argent

Torch River Resources Ltd.

Publié le 19 septembre 2008

Reports on Red Bird drilling

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Mots clés associés :   Copper |

TORCH RIVER RESOURCES LTD.

 

FOR IMMEDIATE RELEASE

September 18, 2008

 

 

TORCH RIVER REPORTS 158 METERS OF MOLY AT 0.148% Mo

 

Torch River Resources Ltd (?Torch?) (TSX-V: TCR) (FRANKFURT: WNF) (U.S. pink sheets: TORVF)  is pleased to announce further drill results in its 2008 program on  its Red Bird molybdenum/copper/rhenium  property in British Columbia.  DDH 149 and DDH 151 are located 258 meters east of, 125 meters north of, and 101 meters higher in elevation in relation to recently reported DDH 08-RB-156.  Both holes contain disseminated and fracture filling molybdenite associated with quartz stockwork and K-spar/kaolinite alteration which is hosted in quartz monzonite porphyry.  The bottom of DDH 149 ended in hornfels andesitic tuff/flow with increased copper.    A sixteen hole program with a total of 5,000 meters of drilling has now been completed on Red Bird in 2008 with eleven holes remaining to be reported.

 

The results of assays on the diamond drill holes (DDH) are as follows:

 

 

DDH 149

From ? To  (meters)

Length (meters)

Mo%

Cu%

 

Equivalent Mo%

 

 

0-16

16

.094%

.02%

.096%

16-86

          70

.033%

.225%

.054%

                           DDH 149 ended in mineralization (mostly copper) at 262 meters depth

 

 

 

 

DDH 151

From ? To  (meters)

Length (meters)

Mo%

Cu%

 

Equivalent Mo%

 

 

 including

0-14

14

.046%

.029%

.049%

14-172

          158

.148%

.073%

.155%

130-150

           20

.213%

.030%

.216%

                           DDH 151 ended in mineralization at 294.13 meters depth

 

 

 

 

 

 

 

 

 

DDH 159 was drilled 200 meters east of DDH 08-RB-156.

 

DDH 159

From ? To  (meters)

Length (meters)

Mo%

Cu%

 

Equivalent Mo%

 

 

 

10-40

30

.076%

.045%

.080%

40-90

          50

.096%

.028%

.099%

90-170

          80

.072%

.061%

.078%

170-212.6

          42.6

.016%

.171%

.032%

                           DDH 159 ended in mineralization at 212.6 meters depth

 

     Note:  Equivalent molybdenum percentages were calculated using prices of $33 and $3.10 per                      

                pound of molybdenum (Mo) and copper (Cu) respectively.

 

 

Torch is very encouraged by the results of these three holes in its 2008 program and will report further results as they become available. Other holes in the program further tested these areas of the Main Zone and also parts of the Southeast and Southwest Zones. Torch is interested in the potential of high grade sub-zones of the Main Zone as they might relate to a possible starter pit for future production and also the potential for high grade underground resources.

 

A diagram of the location of these drill holes of the 2008 program can be viewed at http://www.corebox.net/properties/red_bird/  or at Torch?s web site at www.torchriver.ca  

 

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
 
 
 

 

Torch River Resources Ltd.

EXPLORATEUR
CODE : TCR.V
ISIN : CA79015E1060
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Torch River est une société d’exploration minière d'or et de cuivre basée au Canada.

Torch River détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MT. COPELAND, GROUSE MOUNTAIN, HIGHROCK ISLAND, NAHMINT et RED BIRD au Canada.

Torch River est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,2 millions CA$ (2,2 millions US$, 1,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,91 CA$, et son plus bas niveau récent le 12 avril 2013 à 0,01 CA$.

Torch River possède 44 888 000 actions en circulation.

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