Agoracom: Small Cap Investment - Torch River Resources Ltd. - NEWS - Torch River Resources Encounters 72m of .113% Mo

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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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NEWS - Torch River Resources Encounters 72m of .113% Mo

posted on Aug 14, 2008 05:15AM

CALGARY, ALBERTA--(Marketwire - Aug. 14, 2008) - Torch River Resources Ltd ("Torch") (TSX VENTURE:TCR) (FRANKFURT:WNF) (PINK SHEETS:TORVF) is pleased to announce results on a second diamond bit drill hole in its 2008 program on its Red Bird property in British Columbia. DDH 150 is located 258 meters east of, 125 meters north of, and 101 meters higher in elevation in relation to recently reported DDH 08-RB-156. Drill hole 150 contains disseminated and fracture filling molybdenite associated with quartz stockwork and K-spar/kaolinite alteration in the section from 0-148.2 meters which is hosted in quartz monzonite porphyry. The bottom of the hole ended in hornfels andesitic tuff/flow which was intersected from 148.2-178.47 meters. A twenty hole program with a total of 6,400 meters of drilling is planned on Red Bird in 2008.

The results of assays on the diamond drill hole (DDH) are as follows:



Note: Equivalent molybdenum percentages were calculated using prices of $33
      and $3.50 per  pound of molybdenum (Mo) and copper (Cu) respectively.

Torch is very encouraged by the results of this second hole in its 2008 program and will report further results as they become available. Further holes are planned in the program to test this area of the Main Zone. Torch is interested in the potential of a high grade sub-zone of the Main Zone as it would relate to a possible starter pit for future production.

A diagram of the location of DDH 150 and the drill holes of the 2008 program can be viewed at http://www.corebox.net/properties/re... or at Torch's web site at www.torchriver.ca.

Andris A. Kikauka, P. Geo. is a Qualified Person under NI 43-101 and has reviewed and approved the technical data in this press release.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Torch River Resources Ltd.
Dr. William E. Pfaffenberger
President and CEO
(403) 444-6888
Email: torchriver@telus.net
Website: www.torchriver.ca

or

ProActive Communications Co.
Local Vancouver: (604) 541-1995
Toll Free: 1-800-540-1995

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