Torch River Resources Ltd.

Torch River Resources Ltd.

November 07, 2006 09:01 ET

Torch River Resources Ltd.: Hole RB06-134 Returns .057% Moly Equivalent Over 138 Meters

CALGARY, ALBERTA--(CCNMatthews - Nov. 7, 2006) - Torch River Resources Ltd (TSX VENTURE:TCR) ("Torch") is pleased to announce results of its third, fourth and fifth holes of the 2006 exploration program on the Red Bird porphyry molybdenum/ copper deposit located in the central coast region of British Columbia. This program intends to outline extensions of known mineral zones as well as explore new areas of interest. To this end Torch drilled holes RB06-134, RB06-135 and RB06-136.

Below is reported not only the molybdenum and copper values for these holes but also their total equivalent molybdenum values. These equivalent values were calculated using the current market prices for molybdenum at $25.60 U.S. a pound and copper at $3.35 U.S. per pound. Metallurgical test work performed in 1980 returned recovery estimates that ranged from 78 to 80% for molybdenum and 65% for copper.

Following is a compilation of the results from RB06-134, 135 and 136:

FROM TO LENGTH (Meters) Mo (%) Cu (%) Moly Equiv (%)
---- -- --------------- ------ ------ --------------

4.00 142.65 EOH 138.65 0.047 0.074 0.057

0.58 243.60 EOH 243.02 0.019 0.089 0.030

8.00 167.03 EOH 159.03 0.042 0.067 0.050

Note: EOH denotes the END OF THE HOLE depth.

Holes 134 and 135 were both drilled to test the Southeast Zone. Both holes were mineralized from the surface to depth and illustrate the widespread mineralization and open-ended nature of this zone and provides open pit potential.

Drilling to date has indicated that copper equivalent contours have served to illustrate that we have not yet established the boundaries of the Red Bird deposit. It is important to note that every hole so far has finished in mineralized material of greater than 0.15% copper equivalent.

The above program is under the direction of Mr. Ron Parent, P.Geo., President and Chief Geologist of ResourceEye Services Inc., the company's geological services consultant. Mr. Parent has reviewed and takes responsibility for this News Release as a Qualified Person under NI-43-101 standards.

Torch invites you to visit its web-site at to view maps of the drill locations and copper contour data. Two additional holes were drilled in this program and will be released when the completed data is received.

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

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
    (403) 444-6888
    ProActive Communications Co.
    Local Vancouver: (606) 541-1995
    Toll Free: 1-800-540-1995