Torch River Resources Ltd.

Torch River Resources Ltd.

August 27, 2007 09:30 ET

Torch River Resources Ltd.: Red Bird Molybdenum Resource Increased by 40%

CALGARY, ALBERTA--(Marketwire - Aug. 27, 2007) - Torch River Resources Ltd ("Torch") (TSX VENTURE:TCR) is pleased to announce that it has received an updated NI 43-101 report on its Red Bird property from Giroux Consultants Ltd.

The updated report includes the drill results from Torch's 2006 drill program on the Red Bird property.

A further update will be done to include Torch's 2007 drill program once the results of that program have been received and analyzed. However, none of the 2007 program is covered in this present update.

The 2006 drill assays were combined with the historic and re-sampled data base used in the 2005 resource estimate. A total of 9 Mo assays were capped at 0.33 % Mo and 9 Cu assays were capped at 0.49% Cu. A geologic three dimensional model was constructed from cross sections and 3 mineralized zones; Main, Southwest and Southeast were formed. Uniform 5 m down hole composites were produced for Mo and Cu within these mineralized solids. Semivariograms produced on 5 m composites showed a geometric anisotropy for both Mo and Cu elongated in the E-W direction. A block model with blocks 20 x 20 x 10 m was superimposed on the mineralized zones and Mo and Cu were interpolated into the blocks using ordinary kriging.

The previous NI 43-101 report on Red Bird was completed in the Spring of 2006 and a comparison with the new update gives the following (using a cut off grade of .03% Mo):

Indicated Resource Inferred Resource
Tonnes Mo Pounds Mo Tonnes Mo Pounds Mo
(millions) (%) (million) (millions) (%) (million)
2006 Resource 75.3 0.065 107.9

2007 Resource 43.3 0.064 61.2 70.5 0.058 90.1

Torch is also pleased that this 2007 report has reclassified 43.3 million tonnes of the above total resource to the indicated category, where in 2006 all the resource was reported as inferred. The total tonnage of the resource at a 0.03% Mo cutoff has increased by 51% while the contained molybdenum has increased by 40 %.

The full 2007 updated NI 43-101 report is available for viewing on and Torch's web- site at

Torch has been informed by its geologist that the drilling operation at its Red Bird molybdenum/copper property is presently drilling its ninth hole in a 10 hole drill program. Torch's plans for this year's program are to drill approximately 9,000 feet in total. Core samples from the first hole drilled to a depth of 1430 feet and also from the next three holes have been sent to our assayer and results will be released once they are received.

Gary Giroux is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release.

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 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 where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

Beyond the Press Release

Dr. Bill Pfaffenberger, President and CEO will record a "Beyond The Press Release" on the Company's official Investor Relations hub at where these results will be discussed in further detail. The recording is expected to be available on August 27th, 2007.

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: (604) 541-1995
    Or toll free (800) 540-1995