This is what brought Tagish to my attention
posted on
Jan 02, 2008 12:07PM
A Wealth of Experience In Gold
Posted by: AGORACOM on December 12, 2007 09:38AM
Torch River Resources Ltd (“Torch”) (TSX-V: TCR) (FRANKFURT: WNF) is pleased to announce a strategic investment in Tagish Lake Gold Corporation (“Tagish”). Torch has subscribed to a private placement to purchase 1,000,000 units at $.13 each. A unit comprises one common share of Tagish Lake Gold and ½ warrant exercisable at $.21 for eighteen months from the closing date of this issue.
Tagish has a measured and indicated resource of 1,420,000 tonnes at 6.8 g/t gold and 131 g/t silver at Skukum Creek in the Yukon Territory.
Tagish is proceeding with a plan to go into production in 2009 with initial production of 50,000 ounces of gold and 1,000,000 ounces of silver on an annual basis.
Torch is currently developing the Red Bird property in British Columbia which contains a resource of molybdenum/copper and rhenium mineralization. The reader is referred to our latest NI 43-101 report by Giroux Consultants Ltd, a full copy of which appears on our web-site: www.torchriver.ca
Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.
Dr. William E. Pfaffenberger President Torch River Resources Ltd. Telephone No. (403) 444-6888
FOR FURTHER INFORMATION PLEASE CONTACT: ProActive Communications Co. Local Vancouver: (604) 541-1995 Or toll free (800) 540-1995 Since reading this and doing some DD this became a no brainer for a company at this stage at .13 ,Have been accumulating a very large position since. Todays news and share price is only the start of great things for this junior im 2008. Do your DD GLTA |