BRITISH COLUMBIA - TORCH RIVER RESOURCES of Calgary has found trace amounts of rhenium in drill cores from its Red Bird molybdenum-copper project 105 km north of Bella Coola, just outside Tweedsmuir Park. Hole RB-06-132 returned 0.137% Mo and 0.128 g/t Re over 116 m of core from the Main zone.
Rhenium is recovered as a byproduct of molybdenite concentrates. It is used in catalysts, electronic devices, thermocouples and coatings. It currently sells for US$5,850/oz or US$188/g.
Historic estimates put the Red Bird resources between 80 million and 100 million tonnes grading 0.12% or 0.14% Mo. A technical report on the property was prepared in 2006; it is available at www.TorchRiver.com.