Torch River Resources Ltd.
TSX VENTURE : TCR
FRANKFURT : WNF
PINK SHEETS : TORVF

Torch River Resources Ltd.

August 13, 2008 09:30 ET

Torch River Reports Drill Update at Mt. Copeland

CALGARY, ALBERTA--(Marketwire - Aug. 13, 2008) - Torch River Resources Ltd ("Torch") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) is pleased to announce a program of approximately 8,000 ft of diamond drilling has been initiated on mineral tenure 501827 'Copeland Mo' within the Revelstoke Mining Division, located 25 km northwest of Revelstoke, BC. 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 @ 1.82% MoS2 (Fyles, 1973).

The main focus of diamond drilling in 2008 will be to test extensions of the 6950 Glacier Zone where production of molybdenite bearing ore took place in 1970-73. Further exploration of additional zones of high-grade molybdenite (MoS2) and accessory scheelite (CaWO4)-wolframite (Fe,MnWO4) will also be carried out for a 1 km radius of the 6950 Glacier Zone. Areas of specific interest include the '7000 Glacier West Zone' which may be interpreted as the offset, upper west strike extension of the 6950 Glacier Zone. Located 100-200 meters north of the 6950 Glacier Zone, other areas of molybdenite (MoS2) mineralization include the '6420 Pegmatite Zone' and the '6400 Quartz-Gneiss Zone' with the '6300 J-5 Zone' and the '6650 East Basin Zone'. The 6650 East Basin, 7000 West Glacier, and 6420 Pegmatite Zone will be mapped in the 2008 field program.

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-spar, calcite, biotite, chlorite and rare quartz.

Lenses of syenite pegmatite or syenite aplite are common along the northern border of the nepheline syenite unit, and because of their concentrations of molybdenum, are the main focus of economic interest. Characteristically, the syenite aplite/pegmatite are parallel with foliation, but locally they cross it. Massive disseminated molybdenite occurs randomly in the aplite and pegmatite lenses, and to a lesser extent in calc-silcate gneisses adjacent to the syenite-gneiss contact. During the life of the Copeland moly mine, almost all the production was from the aplite-pegmatite bodies within the syenite gneisses; more specifically the Glacier Zone, which is 1-10 meters thick and exposed for 121 meters along strike. The Glacier Zone occurs in a digitation of either a fold limb or a sill of syenite gneiss in the calc-silcate gneiss unit. In these digitations, the syenite gneiss appears to be free of nepheline.

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.

Investors are invited to visit Torch's web site at www.torchriver.ca.

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

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.

Contact Information

  • Torch River Resources Ltd.
    Dr. William E. Pfaffenberger
    President and CEO
    (403) 444-6888
    Email: torchriver@telus.net
    Website: www.torchriver.ca
    or
    ProActive Communications Co.
    Local Vancouver: (604) 541-1995 or Toll Free 1-800-540-1995