Torch River Resources Ltd.: Additional Sampling Identifies 300 m Strike Length of Rare Earth Elements & Thorium on Marble Bre...
11 Janvier 2012 - 4:41PM
Marketwired Canada
Torch River Resources Ltd. ("Torch" or the "Corporation") (TSX VENTURE:TCR)
(FRANKFURT:WNF) (PINK SHEETS:TORVF) is pleased to announce results from a total
of 48 rock chip samples from Mount Copeland were analyzed for REE &
multi-element ICP-MS carried out at Pioneer Labs Inc,, Richmond, BC (certificate
number 2111123), and ALS Minerals, N Vancouver (certificate number VA11211509).
Elevated values of cerium, lanthanum, neodymium, praseodymium, samarium,
dysprosium, gadolinium, zirconium, thorium, molybdenum & niobium occur in 24 of
48 rock chip samples. Management is encouraged by these expanding results.
The north slope of Mt. Copeland was covered by a glacier when the high grade
molybdenum mine closed in 1973. Subsequent melting of the glacier has allowed
Torch to conduct surface prospecting above the old underground mine site and
entry adit. The Marble Ridge Breccia Zone was the location of rock chip sample
AR22 which contained, as previously reported, total REEs of 4.13%. The average
of the new samples 821, 828, 829, 832, 834 and 838 is over 1.2% REEs and ranges
over 300 meters of strike length. As reported on October 5, 2011 samples
804,805,808,809 and 810 averaged .67% REEs. A new reassay of these samples
returned .91% REEs (certificate number VA11238839). This area will be a main
target of our 2012 drill program. New maps of this area and other data referring
to Mt. Copeland can be viewed on the Company's web site:
www.torchriver.ca
The geochemical analysis of rock chip samples was taken from a 300 m strike
length of semi-continous outcrop and there was identified REE & Th (low U)
bearing mineralization on Torch's 100% owned Mount Copeland mineral tenures. In
August, 2011 the Marble Ridge Breccia Zone was only exposed over a strike length
of 15 m, but additional sampling in Sept reveals that the zone has over 300 m
strike, and is open at both ends. The following table lists results:
sample ppm Ce ppm La ppm Nd ppm Pr ppm Sm ppm Dy
----------------------------------------------------------------------------
804 2220 1650 432 155 59.3 42.8
805 2120 1740 339 133 40.9 34.1
808 3440 2790 552 218 65.6 64.2
809 1820 1540 277 112 31.5 25.6
810 2920 2690 389 168 41.6 33.9
814 1390 1335 222 93.9 26.1 22.9
815 1365 1295 224 93.4 27.7 22.4
821 2350 2450 408 148.5 41.1 33.8
822 1235 1255 230 82.3 23.9 20.9
827 1270 1090 264 100.5 37.5 28.1
828 2140 1970 374 155 43.3 32.4
829 3360 3130 548 230 61.2 51.2
831 1795 1715 300 126.5 34.5 26.9
832 6100 5780 969 405 104.5 87
834 4750 4070 747 316 77.6 60.8
835 1695 1435 285 121.5 30.4 21.2
836 714 697 134 50.9 18.3 14.3
837 520 515 86.9 35.1 10.7 6.69
838 7850 7040 1215 512 152 123
839 553 495 102 39.6 13.35 8.65
842 187 96.6 66.7 19.7 11.85 9.37
sample ppm Ce ppm La ppm Nd ppm Pr ppm Sm ppm Dy
----------------------------------------------------------------------------
901 29.1 21.4 6.5 2.31 0.96 0.95
902 34.9 19.4 11.2 3.4 1.82 1.18
903 55.6 30.4 17.1 5.43 2.65 1.51
sample ppm Y ppm Zr ppm Th ppm Mo ppm Nb
----------------------------------------------------------------------------
804 291 407 8
805 113 405 25
808 164 575 70
809 149 527 21
810 81 351 3
814 174.5 48 337 64 26.4
815 160.5 92 292 63 34.1
821 253 93 349 3 22.8
822 152 98 247 4 23.1
827 191.5 503 576 6 239
828 250 826 248 8 159
greater
829 397 356 than 1000 3 96.9
831 212 167 162 10 52.7
greater
832 712 145 than 1000 589 88.2
greater
834 114.5 558 than 1000 16 195.5
greater
835 412 123 than 1000 26 39.8
836 112.5 1930 172 44 164
837 50.1 141 67.1 312 44.2
greater
838 856 161 than 1000 183 93.8
839 53.1 140 58.6 9 30
842 70.8 275 2.61 6520 198.5
sample ppm Zr ppm Th ppm Mo ppm Nb
----------------------------------------------------------------------------
901 7.9 1940 6.47 3760 1100
902 8.4 1360 4.58 12225 501
903 9.8 937 14.05 6020 1965
NOTE- all rock chip samples represent a true width of 0.5 m, samples 801-842
were from the Marble Ridge Breccia, samples 901-903 were from the Glacier Zone
In addition to rock chip sample a detailed magnetometer survey was carried out
over a 350 X 200 m area to locate zones of pyrrhotite and/or magnetite/ilmenite
(which are magnetic and paramagnetic minerals). The magnetometer survey revealed
numerous 1000-3,000 nT anomalies located on and adjacent to the marble breccia
ridge crest. The magnetometer anomalies represent future drill targets because
pyrrhotite, magnetite and ilmenite are closely associated with elevated rare
earth elements.
The geological setting for the Copeland molybdenite occurrence is within
concordant bodies of nepheline syenite gneiss that occur adjacent to the
calc-silicate gneiss and marble unit. The syenite have locally developed an
augen texture with large porphyryblasts of K-feldspar in a fine-grained
groundmass. Calc-silicate assemblages contain diopside, garnet and actinolite.
Carbonates and carbonatites are re-crystallized to medium and locally
coarse-grained granoblastic marbles. Lithologies present are summarized as
follows:
PROTEROZOIC (PRE-CAMBRIAN)
8- Syenite Aplite/Syenite Pegmatite: K-feldpsar, kaolinite, sericite, calcite,
biotite, fluorite, garnet, sphene, specularite, pyrrhotite, pyrite, molybdenite,
ilmenite, chalcopyrite, scheelite, tourmaline, apatite, riebeckite, poikilitic
aegirine, zircon, zeolite, cancrinite, and analcite
7- Hangingwall Syenite Gneiss, Nepheline Syenite: K-feldspar, green/brown
phlogopite, calcite, chlorite, accessory apatite, zircon, sphene, tourmaline,
sphene, apatite, riebeckite, poikilitic aegirine, zircon, fluorite, zeolite,
cancrinite and analcite
6- Biotite-Amphibole Marble: weathered and deeply pitted appearance, biotite,
hornblende, chlorite, marble (granoblastic), actinolite, diopside
5- Black Biotite Amphibole Gneiss: biotite, hornblende, chlorite, oligoclase,
magnetite
4- Quartzite Gneiss:feldspar, granular, interbedded marble bands, actinolite &
diopside
3- Footwall Schist: massive biotite, minor feldspar, chlorite
2- Footwall Syenite Gneiss: microcline/oligoclase, green/brown mica, chlorite
1- Green Diopside Gneiss: 50% feldspar, 10-35% biotite, 2-10% green diopside,
Mount Copeland Glacier Zone features underground production (1970-73) that
extracted 169,729 tonnes and recovered 2,625,046 pounds (1,190,713 kilograms) of
molybdenum. When the Mount Copeland Glacier Zone molybdenum mine went into
production in 1970, development work (diamond drilling, mapping, sampling)
indicated there was 163,340 tonnes @ 1.1% Mo (Fyles, 1973). Mount Copeland
nepheline syenite complex geologically correlates with the west flank of the
Frenchman's Cap gneiss dome, which includes REE enriched deposits located along
the Perry River/Ratchford Creek and Mount Grace areas.
The fieldwork carried out in 2011 on Mount Copeland was conducted and supervised
by Andris Kikauka, P.Geo., a Qualified Person pursuant to National Instrument
43-101. Mr. Kikauka has reviewed the contents of this news release. Torch River
Resources will be following up REE, Mo, Nb & Th bearing mineralization on its
100% owned Mount Copeland mineral property. In order to assess Copeland Project
mineral resources Management will be conducting surface sampling and diamond
drilling in the area of the molybdenum-niobium bearing vein type mineralization
(Glacier Zone) and exploring granoblastic replacement type mineralization
(Marble Breccia Ridge Zone).
Forward Looking Information
This press release may contain forward-looking statements which may include
estimates, plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact, including without limiting the
generality of the foregoing, statements made regarding the Mount Copeland
Property. Although Torch believes that the expectations reflected in such
forward-looking statements are reasonable, it cannot give any assurance that
such expectations will prove to be correct. Results of Torch including its
ability to mobilize and drill on schedule may be affected by a variety of
variables and risks associated with the mining industry such as availability of
human and capital resources, competition, exploration and development plans and
results, anticipated capital expenditures and financing thereof, timing of
applications and approvals. As such the future plans and objectives of Torch are
forward-looking statements that involve risks and uncertainties and may be based
on assumptions that could cause actual results to differ materially from those
anticipated or implied in such statements. Torch's forward-looking statements
are expressly qualified in their entirety by this cautionary statement. Unless
otherwise required by applicable securities laws, Torch does not intend nor does
it undertake any obligation to update or review any forward-looking statements
to reflect subsequent information, events, results or circumstances or
otherwise.
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