Torch River Resources Ltd.

Torch River Resources Ltd.

December 02, 2008 09:30 ET

Torch River Resources Ltd: Copeland Mo Project 2008 Summary

CALGARY, ALBERTA--(Marketwire - Dec. 2, 2008) - Torch River Resources Ltd ("Torch") (TSX VENTURE:TCR) (PINK SHEETS:TORVF) (FRANKFURT:WNF) is pleased to announce results of diamond drilling carried out on their 100% owned Mount Copeland molybdenum project.

Mineral tenure 501827 (and adjacent tenure 546342), 'Copeland Mo Project' are located 30 km northwest of Revelstoke at the headwaters of Hiren Creek. Copeland Mo property history includes underground excavation (1970-73) that produced 169,729 tonnes and recovered 2,625,046 pounds (1,190,713 kilograms) of molybdenum. When the Copeland Mine went into production in 1970, development work (diamond drilling, mapping, sampling) indicated there was 163,340 tonnes @ 1.08% Mo (source: MINFILE).

Lenses of syenite pegmatite or syenite aplite are concentrated along the north border of an extensive nepheline syenite body that occurs along the ridge crest in contact with calc-silcate metamorphic rocks located west of Mount Copeland. The syenite pegmatite and aplite host disseminated and fracture filling molybdenite with minor magnetite, ilmenite, pyrite, pyrrhotite, scheelite, and chalcopyrite. Molybdenite bearing zones are associated with secondary K-feldspar, calcite, biotite, chlorite and minor quartz.

The 2008 exploration drilling focused on the East Basin (located 500-700 m east of the old workings) and the west extension of the Glacier Zone (located 100-200 m west of the old workings). Geochemical analysis of mineralized sections of split core from diamond drill holes COP08-8 & 9 located in the East Basin Zone returned the following values:

DDH No. Zone Name FROM (m) TO (m) WIDTH (m) Sample ID No. % Mo
COP08-8 East Basin 116.8 117.2 0.4 414 0.137
COP08-8 East Basin 127.6 128 0.4 424 0.086
COP08-8 East Basin 153.3 153.9 0.6 441 0.038
COP08-8 East Basin 161.55 161.85 0.3 446 0.416
COP08-9 East Basin 114.7 117 2.3 500, 501, 502 0.026
COP08-9 East Basin 151.3 154 2.7 519, 520, 521 0.214
COP08-9 East Basin 152.4 153.1 0.7 520 0.527

Compilation of drill data from COP08-8 & 9 suggests there are 2 zones of Mo bearing mineralization. The upper Mo zone occurs at 2000 m elevation and the lower zone occurs about 30-40 m below. The Mo bearing zones are accompanied by wider zones of hydrothermal alteration (e.g. secondary K-feldspar, sericite, chlorite) suggesting there is potential for additional Mo bearing zones nearby. The East Basin drill core was subjected to shortwave UV lamping for scheelite (an ore of tungsten with chemical formula CaWO4) and several zones produced a bright sky-blue glow. These zones have been sampled and are awaiting tungsten assays.

In addition to diamond drilling, Torch River Resources carried out soil (talus fines) sampling and magnetometer surveys west and north of the Glacier Zone. Soil results identified a 200 X 100 m zone of anomalous Mo in soil near the Glacier Zone (old workings). Additional Mo in soil anomalous zones include the Sub-Portal (located 100 m NE of the portal) and the West Basin (located 500-600 m west of the portal). Magnetometer surveys indicate a 1000-2000 nT (high intensity) positive total field anomaly (about 300 m in length) is associated with the marble bands located in the Glacier West Zone. This positive magnetometer anomaly suggests the presence of massive magnetite (and/or pyrrhotite) and related skarn type mineralization. The geochemical and geophysical surveys carried out in 2008 have led to a number of new targets for future exploration on the Mount Copeland project. Presently, Norm Tribe and Associates Ltd (Geological and Mining Engineering Consultants) have been engaged by Torch River Resources to prepare a 43-101 report with formal recommendations for future fieldwork on Mount Copeland.

This summary of technical data on Torch River Resources Mount Copeland Project was written by Andris A. Kikauka, P. Geo. who is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release and supervised the 2008 fieldwork at Mount Copeland.

Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR

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Contact Information

  • Torch River Resources Ltd.
    Dr. William E. Pfaffenberger
    President and CEO
    (403) 444-6888
    ProActive Communications Co.
    Local Vancouver: (604) 541-1995 or Toll Free (800) 540-1995