New ETF Book by Larry Connors - Click here to read more
Mineral tenure 501827 (and adjacent tenure 546342), 'Copeland Mo Project' are located 30 km northwest of Revelstoke at the headwaters of Hiren Creek. Copeland Mo property history includes underground excavation (1970-73) that produced 169,729 tonnes and recovered 2,625,046 pounds (1,190,713 kilograms) of molybdenum. When the Copeland Mine went into production in 1970, development work (diamond drilling, mapping, sampling) indicated there was 163,340 tonnes @ 1.08% Mo (source: MINFILE).
Lenses of syenite pegmatite or syenite aplite are concentrated along the north border of an extensive nepheline syenite body that occurs along the ridge crest in contact with calc-silcate metamorphic rocks located west of Mount Copeland. The syenite pegmatite and aplite host disseminated and fracture filling molybdenite with minor magnetite, ilmenite, pyrite, pyrrhotite, scheelite, and chalcopyrite. Molybdenite bearing zones are associated with secondary K-feldspar, calcite, biotite, chlorite and minor quartz.
The 2008 exploration drilling focused on the East Basin (located 500-700 m east of the old workings) and the west extension of the Glacier Zone (located 100-200 m west of the old workings). Geochemical analysis of mineralized sections of split core from diamond drill holes COP08-8 & 9 located in the East Basin Zone returned the following values:
---------------------------------------------------------------------------- DDH No. Zone Name FROM (m) TO (m) WIDTH (m) Sample ID No. % Mo ---------------------------------------------------------------------------- COP08-8 East Basin 116.8 117.2 0.4 414 0.137 ---------------------------------------------------------------------------- COP08-8 East Basin 127.6 128 0.4 424 0.086 ---------------------------------------------------------------------------- COP08-8 East Basin 153.3 153.9 0.6 441 0.038 ---------------------------------------------------------------------------- COP08-8 East Basin 161.55 161.85 0.3 446 0.416 ---------------------------------------------------------------------------- COP08-9 East Basin 114.7 117 2.3 500, 501, 502 0.026 ---------------------------------------------------------------------------- COP08-9 East Basin 151.3 154 2.7 519, 520, 521 0.214 ---------------------------------------------------------------------------- COP08-9 East Basin 152.4 153.1 0.7 520 0.527 ----------------------------------------------------------------------------
Compilation of drill data from COP08-8 & 9 suggests there are 2 zones of Mo bearing mineralization. The upper Mo zone occurs at 2000 m elevation and the lower zone occurs about 30-40 m below. The Mo bearing zones are accompanied by wider zones of hydrothermal alteration (e.g. secondary K-feldspar, sericite, chlorite) suggesting there is potential for additional Mo bearing zones nearby. The East Basin drill core was subjected to shortwave UV lamping for scheelite (an ore of tungsten with chemical formula CaWO4) and several zones produced a bright sky-blue glow. These zones have been sampled and are awaiting tungsten assays.
In addition to diamond drilling, Torch River Resources carried out soil (talus fines) sampling and magnetometer surveys west and north of the Glacier Zone. Soil results identified a 200 X 100 m zone of anomalous Mo in soil near the Glacier Zone (old workings). Additional Mo in soil anomalous zones include the Sub-Portal (located 100 m NE of the portal) and the West Basin (located 500-600 m west of the portal). Magnetometer surveys indicate a 1000-2000 nT (high intensity) positive total field anomaly (about 300 m in length) is associated with the marble bands located in the Glacier West Zone. This positive magnetometer anomaly suggests the presence of massive magnetite (and/or pyrrhotite) and related skarn type mineralization. The geochemical and geophysical surveys carried out in 2008 have led to a number of new targets for future exploration on the Mount Copeland project. Presently, Norm Tribe and Associates Ltd (Geological and Mining Engineering Consultants) have been engaged by Torch River Resources to prepare a 43-101 report with formal recommendations for future fieldwork on Mount Copeland.
This summary of technical data on Torch River Resources Mount Copeland Project was written by Andris A. Kikauka, P. Geo. who is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release and supervised the 2008 fieldwork at Mount Copeland.
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.
SOURCE: Torch River Resources Ltd.
Torch River Resources Ltd. Dr. William E. Pfaffenberger President and CEO (403) 444-6888 Email: torchriver@telus.net ProActive Communications Co. Local Vancouver: (604) 541-1995 or Toll Free (800) 540-1995
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
