Jan 5 2011
Torch River Resources Ltd. (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) has announced receipt of a compilation report on the geochemical, geological and petrographic analysis of results for 2010 on its 100% owned Mount Copeland mineral tenures comprising 1,703 hectares and located 25 km northwest of Revelstoke, BC.
The Mt. Copeland property history includes underground excavation (1970-73) that produced 169,729 tonnes and recovered 2,625,046 pounds (1,190,713 kilograms) of molybdenum (Mo). When the Copeland Mine went into production in 1970, development work, diamond drilling, mapping, & sampling indicated there were 163,340 tonnes @ 1.09% Mo.
REE's are presently in short supply, and their values are high and increasing. Their uses are varied; however, they are essential in manufacturing activities such as: electronics, batteries, high tech uses, strong magnets, TV screens and microwave transmission.
The report entitled "Mt. Copeland Project-Geochemical and Petrology Report" has been filed with the British Columbia Mineral Tenure Branch in compliance with the filing of work on Mt. Copeland for the 2010 year.
Management is very encouraged by results of rock and soil samples containing elevated REE's on Mt Copeland where total REEs on AR20 were 26.13% and AR22 were 4.13% (the approximate oxide percentages would be 30.5% and 4.8% respectively). The company is planning a drilling and trenching program which will focus on exploration and development targeting REE's, Nb, Y, Zr, Ti, and Mo bearing mineral zones. Soil/rock chip sampling and interpretation of data for Torch River Resources was carried out under the supervision of Andris Kikauka, P. Geo., a Qualified Person with respect to National Instrument 43-101 and who has also reviewed this release.
Source: Torch River Resources Ltd.