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AGORACOM Wire - Wednesday February 15th, 2012

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Message: This is what brought Tagish to my attention

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This is what brought Tagish to my attention

posted on Jan 02, 08 12:07PM

NEWS - Torch River Announces Gold Investment

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

torchriver@telus.net

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

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