Torch River Resources Ltd.

Torch River Resources Ltd.

April 19, 2011 08:30 ET

Torch River Expands Fort-Elden for Copper and Zinc

CALGARY, ALBERTA--(Marketwire - April 19, 2011) - Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) announces that the Fort-Elden property, located 100 km west of Fort St James, BC, has been expanded from 1,611.5 to 1,836.2 hectares. This expansion adds a mineral tenure with potential of economic grades of both copper and zinc to the east of our present drill targets. 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 planned for Spring, 2011. 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

Soil sample geochemical highlights (Recce Grid, May, 2010)

soil sample line northingsoil sample stn. eastingppm Cuppm Agppm Zn
4900 N5300 E351.1911
5100 N5400 E4640.71372

The Recce grid (north zone) is located 1 km east of the Elden grid. The Recce mineral zones occur in Late Devonian to Late Triassic Taltapin Fm metamorphic rocks along a ridge crest and appears to have a strike length in excess of one kilometer. The Recce grid (north zone) has elevated Zn-Cu-Ag in soil located near the crest of a ridge. The new 224.72 hectare mineral tenure acquired by Torch River Resources covers the north extension of the Recce grid. An airborne magnetometer survey over Torch River's new mineral tenure shows a weak, but well defined positive anomaly on the Recce grid ridge axis. Additional geochemical and geophysical fieldwork is planned to check the source of the geochemical and geophysical anomalies. Grid locations will be mapped and sampled to investigate causes of anomalous Cu-Ag-Zn in soil samples.

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

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