Torch River Resources Ltd.

Torch River Resources Ltd.

April 26, 2010 08:30 ET

Torch River Reports Recent Results from Fort-Elden Copper Property

CALGARY, ALBERTA--(Marketwire - April 26, 2010) - Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) is pleased to announce results of recent exploration on 12 mineral claims comprising 1,611.5 hectares located in the Omineca Mining Division, Specularite Lake, B.C (the "Fort-Elden Property"). The Fort-Elden Property is in the Babine Lake porphyry belt region of British Columbia. This region is known for its potential for large porphyry copper, copper/gold and copper/molybdenum deposits some of which having been developed as producing mines such as the Granisle and Bell Copper Mines. Torch holds an option to acquire 100% of the Fort-Elden Property.

The 12 mineral claims are located 100 km west of Fort St James, BC. The property features copper-silver-molybdenum-lead-zinc-gold bearing sulphide minerals which include chalcopyrite, pyrrhotite, pyrite, molybdenite, sphalerite, galena and covelite. Mineral deposit types present on the Fort-Elden property are classified as porphyry and epigenetic characterized by disseminated, vein and breccia hydrothermal systems. Defining this target are two plus 12.5 mV chargeability anomalies flanking either side of a resistivity high with coincident copper-silver-molybdenum soil geochemical anomalies. The anomalies measure 300 m by 900 m and 300 m by 600 m, and the Elden Breccia occupies a portion of one of the anomalies. The Elden Breccia features abundant secondary K-spar alteration, secondary green biotite, and hydrothermal silica. 

Geochemical (soil and rock chip sampling) and geophysical (magnetometer grid) fieldwork carried out in March, 2010 focused on the Elden Breccia where a total of 41 soil samples (at 50 m spacing), and 164 magnetometer readings (at 12.5 m spacing), were taken along 2.1 km of east-west trending grid lines. Geochemical highlights (based on Pioneer Laboratories Inc, geochemical analysis certificate 2102609) of the Elden grid include:

1- >1,000 ppm Cu in soil in a 350 X 70 m area in the center of the grid (Breccia Zone)
2- Two 200 X 100 m areas (500-2,200 ppm Cu in soil), located 150 m NE and 150 m SW
 of the Breccia Zone.
3- Anomalous Ag and Au geochemical values correlate with the Cu in soil anomalies, 
 Mo is sharply anomalous in the Breccia Zone. 
4- Rock chip sample ELD10AR-7, angular sub-crop from the center of the Breccia Zone
 consisted of chloritic schist with quartz-carbonate-sericite-ankerite alteration, and
 limonite, pyrite and magnetite mineralization and contains 0.11% Cu, 1 ppm Ag, 39
 ppb Au, and 26 ppm Mo

Geophysical surveys on the Elden grid were performed with a GEM GSM 19T proton magnetometer. In total, 12 out of 164 readings were >58,000 nT (one was >59,000 nT) and most of the high readings are related to underlying ultramafic rocks (magnetite enriched) that occur adjacent to the creek gully in the east portion of the grid (and does not coincide geochemical anomalies). Peridotite, gabbro and ultramafic rocks high in magnetite respond as >1,000 of nT highs, thus the ultramafic rocks can be mapped out using the magnetometer. The Breccia Zone responds as a total field low as outlined by the magnetometer survey. The total field low near the Breccia Zone is presumed to be caused by extensive alteration resulting in magnetic minerals not being present.

Torch River Resources Ltd is planning to perform mechanized trenching of the Elden Breccia and related geochemical and geophysical anomalies within 2 km of the Breccia Zone. Additional work will include detailed geological mapping, geochemical sampling and magnetometer geophysical surveys in 2010. Fieldwork and data compilation on the Fort-Elden Project was carried out by Andris Kikauka, P.Geo.

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.

Forward Looking Information

This press release may contain forward-looking statements which may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact, including without limiting the generality of the foregoing, statements made regarding the Omineca 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 risks 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 obligation to update or review any forward-looking statements to reflect subsequent information , events, results or circumstances or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Torch River Resources Ltd.
    William E. Pfaffenberger
    President and Chief Executive Officer
    (403) 444-6888
    ProActive Communications Co.
    Local Vancouver: (604) 541-1995
    Or toll free (800) 540-1995