BRITISH COLUMBIA TORCH RIVER RESOURCES of Calgary has received assays grading as high as 0.123% Mo over 144 metres from its Red Bird project 100 km north of Bella Coola. Assays from three holes were reported, and their cores all contained disseminated and fracture filling molybdenite associated with quartz stockwork and K-spar/kaolinite alteration hosted in quartz monzonite porphyry. Assays from another four holes are pending.
The Red Bird property has a 43-101-compliant indicated resource of 88.2 million tonnes grading 0.051% Mo and an inferred resource of 63.4 million tonnes grading 0.055% Mo. The estimate of contained molybdenum metal is 118.6 million lb in the indicated category and 76.9 million lb in the inferred category. The deposit also contains rhenium and copper values.
A diagram of the location of these drill holes of the 2008 program can be viewed at http://www.corebox.net/properties/red_bird/ or at Torch’s web site at www.TorchRiver.ca.