Torch River Resources Ltd.

Torch River Resources Ltd.

June 29, 2011 08:30 ET

Torch River Begins Drilling Fort-Elden for Copper/Silver/Gold

CALGARY, ALBERTA--(Marketwire - June 29, 2011) - Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR)(FRANKFURT:WNF)(PINK SHEETS:TORVF) announces that it has established a camp and is beginning its program planned for up to 7 holes and 1,700 meters of drilling at its wholly owned Fort-Elden property, located 100 km west of Fort St James, BC, and covers 1,836.2 hectares. The Fort-Elden property features copper-silver-molybdenum-lead-zinc-gold bearing sulphide minerals which include chalcopyrite, pyrrhotite, pyrite, molybdenite, sphalerite, galena and covelite. Associated alteration minerals include K-feldspar, sericite, kaolinite, biotite, silica, magnetite, hematite, chlorite, muscovite, jarosite, ankerite, epidote, garnet, sphene, apatite, and trace amounts of lucoxene and zircon. There is a >1,000 ppm Cu in soil located in a 350 X 70 m area in the center of the Breccia Zone. Geochemical analysis of soil from the Breccia Zone shows elevated Mo & Au. The Breccia Zone is the focus of the Corporations 1,700 m of diamond drilling. Mineral deposit types present on the Fort-Elden property are classified as porphyry and epigenetic characterized by disseminated, vein and breccia hydrothermal systems. The Elden Breccia features abundant secondary K-spar alteration, secondary green biotite, and hydrothermal silica.

A total of 20 rock chip samples were taken on the Elden Breccia (Elden grid, May, 2010). Highlights from rock chip and soil sample geochemical analysis are listed as follows (Pioneer Labs Inc., report 2102647):

Rock sample noWidthMineralsDescription
ELD-10-AR-5438 cmpyrite-chalcopyriteroadcut
ELD-10-AR-5560 cmpyrite-chalcopyriteroadcut
ELD-10-AR-57subcroppyrite-chalcopyriteon L 5700 N, stn 3436 E near a break in slope
ELD-10-AR-64subcroppyrite-chalcopyritenear L 5800 N, stn 3700 E
ELD-10-AR-65subcroppyrite-chalcopyritenear L 5700 N, stn 3750 E
Rock sample noppm Cuppm Pbppm Znppm Agppb Au

Fieldwork and data compilation on the Fort-Elden Project was carried out by Andris Kikauka, P.Geo., a Qualified Person for the purposes of NI 43-101and has approved this news 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