CALGARY, ALBERTA--(Marketwire - Jan. 15, 2008) - Torch River Resources Ltd. ("Torch") (TSX VENTURE:TCR) (FRANKFURT:WNF) 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 2007 drill program on the Red Bird property.
The 2007 drill program included 10 drill holes collared from two sites located on the east side of Big Creek in an area where the west extension of the Main Zone molybdenite mineralization occurs. A geologic three dimensional model was constructed from cross sections and 3 mineralized zones; Main, Southwest and Southeast were formed. A total of 10 assays were capped at 0.33% Mo and 12 were capped at 0.49% Cu. Uniform 5 m down hole composites were produced for Mo and Cu within the 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 summer of 2007 and a comparison with the new update gives the following (using a cut off grade of .03% Mo):
Click here to view table.
Torch is also pleased that this 2007 report has increased the indicated category to 88.2 million tonnes from 43.3 million tonnes in 2006. The total tonnage of the resource at a 0.03% Mo cutoff has increased by 33% while the contained molybdenum has increased by 29 %.
The full 2007 updated NI 43-101 report is available for viewing on www.sedar.com and Torch's web- site at www.torchriver.ca.
Gary Giroux is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release.
Torch also wishes to announce that its previously (Dec 12, 2007) announced investment in Tagish Lake Gold Corporation has been cancelled, since such investment was not permitted by the TSX Venture Exchange.
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.
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 http://www.agoracom.com/ir/torchriver where these results will be discussed in further detail. The recording is expected to be available on or after January 15, 2008.
FOR FURTHER INFORMATION PLEASE CONTACT:
Torch River Resources Ltd.
Dr. William E. Pfaffenberger
President (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
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
