Torch River Expands Fort-Elden for Copper and Zinc
posted on
Apr 19, 2011 12:41PM
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.
Torch River Expands Fort-Elden for Copper and Zinc
CALGARY, ALBERTA, Apr 19, 2011 (Marketwire via COMTEX News Network) --
Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) announces that the Fort-Elden property, located 100 km west of Fort St James, BC, has been expanded from 1,611.5 to 1,836.2 hectares. This expansion adds a mineral tenure with potential of economic grades of both copper and zinc to the east of our present drill targets. The Fort-Elden property features copper-silver-molybdenum-lead-zinc-gold bearing sulphide minerals which include chalcopyrite, pyrrhotite, pyrite, molybdenite, sphalerite, galena and covelite. Associated alteration minerals include K-feldspar, sericite, kaolinite, biotite, silica, magnetite, hematite, chlorite, muscovite, jarosite, ankerite, epidote, garnet, sphene, apatite, and trace amounts of lucoxene and zircon. There is a greater than 1,000 ppm Cu in soil located in a 350 X 70 m area in the center of the Breccia Zone. Geochemical analysis of soil from the Breccia Zone shows elevated Mo & Au. The Breccia Zone is the focus of the Corporations 1,700 m of diamond drilling planned for Spring, 2011. Mineral deposit types present on the Fort-Elden property are classified as porphyry and epigenetic characterized by disseminated, vein and breccia hydrothermal systems. The Elden Breccia features abundant secondary K-spar alteration, secondary green biotite, and hydrothermal silica.
A total of 20 rock chip samples were taken on the Elden Breccia (Elden grid, May, 2010). Highlights from rock chip and soil sample geochemical analysis are listed as follows (Pioneer Labs Inc., report 2102647):
Rock sample no Width Minerals Description
ELD-10-AR-54 38 cm pyrite-chalcopyrite roadcut
ELD-10-AR-55 60 cm pyrite-chalcopyrite roadcut
on L 5700 N, stn 3436 E near a
ELD-10-AR-57 subcrop pyrite-chalcopyrite break in slope
ELD-10-AR-58 subcrop pyrite-chalcopyrite roadcut
ELD-10-AR-64 subcrop pyrite-chalcopyrite near L 5800 N, stn 3700 E
ELD-10-AR-65 subcrop pyrite-chalcopyrite near L 5700 N, stn 3750 E
<table>
Rock sample no ppm Cu ppm Pb ppm Zn ppm Ag ppb Au ELD-10-AR-54 3911 233 286 16.1 1 ELD-10-AR-55 1925 119 219 6.3 1 ELD-10-AR-57 1175 116 138 6 16 ELD-10-AR-58 1000 133 168 4 2 ELD-10-AR-64 1411 34 102 2.5 3 ELD-10-AR-65 1445 25 75 1.6 9
</table>
Soil sample geochemical highlights (Recce Grid, May, 2010)
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soil sample line soil sample
northing stn. easting ppm Cu ppm Ag ppm Zn
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4900 N 5300 E 35 1.1 911
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5100 N 5400 E 464 0.7 1372
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The Recce grid (north zone) is located 1 km east of the Elden grid. The Recce mineral zones occur in Late Devonian to Late Triassic Taltapin Fm metamorphic rocks along a ridge crest and appears to have a strike length in excess of one kilometer. The Recce grid (north zone) has elevated Zn-Cu-Ag in soil located near the crest of a ridge. The new 224.72 hectare mineral tenure acquired by Torch River Resources covers the north extension of the Recce grid. An airborne magnetometer survey over Torch River's new mineral tenure shows a weak, but well defined positive anomaly on the Recce grid ridge axis. Additional geochemical and geophysical fieldwork is planned to check the source of the geochemical and geophysical anomalies. Grid locations will be mapped and sampled to investigate causes of anomalous Cu-Ag-Zn in soil samples.
Fieldwork and data compilation on the Fort-Elden Project was carried out by Andris Kikauka, P.Geo., a Qualified Person for the purposes of NI 43-101and has approved this news release.