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Torch River Resources has a 25% interest in an advanced molybdenum property, Red Bird. Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred.

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Message: Grades

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chinook48

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Re: Grades

in response to Re: Grades by flyer01

posted on Jul 29, 09 04:20PM

I was just browsing through this again and it looks like they can go as far as the air borne geo before they have to finance. If they stay with this agenda. Heh drilling is way down the road.

The following Phase 1 & 2 exploration, evaluation, environmental and socio-economic

programs and budgets are proposed for the next 3 years on the Nahmint property:

Table 6 – Proposed Phase 1 & 2 Work Programs and Budget Summary

Phase/Item Description Units/Timing Unit Cost Item Cost

Phase 1

- New Discoveries Follow up Stream Moss Mats 0.5 months - year 1 $25,000/month 12,500
Prospecting/Rock Sampling 0.5 months - year 1 $25,000/month 12,500

Geological Mapping 1 month – year 1 $25,000/month 25,000

GIS Data Compilation 2 months - year 1 $5,000/month 10,000

Airborne Geophysics 500 line-km - year 1 $180/line-km 90,000

Phase 1

- Known Targets Access Road Designs 1 month - year 1 $25,000/month 25,000
Permits, Bonds 3 months – year 1 $25,000 est. 25,000

Access Roads to 2 Targets 2.5 km - year 1 $50,000/km 125,000

Surface Trenching 4 Targets 2 months - year 1 $25,000/month 50,000

Surface Drilling 2 Targets 1,000 m. – year 1 $250/m. 250,000

Phase 1 Subtotal Year 1 625,000

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