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TSX Venture Symbol TCR. Torch River Resources Ltd. Mt. Copeland – Near Revelstoke, B.C. Exploring for Rare Earth Elements and Moly. Corporate Information. Address: Bankers Hall West Tower Suite 1000, 888 - 3rd St S.W Calgary, AB. T2P 5C5 Contacts: Tel: (403)-444-6888
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TSX Venture Symbol TCR Torch River Resources Ltd. Mt. Copeland – Near Revelstoke, B.C. Exploring for Rare Earth Elements and Moly
Corporate Information Address: Bankers Hall West Tower Suite 1000, 888 - 3rd St S.W Calgary, AB. T2P 5C5 Contacts: Tel: (403)-444-6888 Fax: (403)-668-6001 Website: www.torchriver.ca Email: torchriver@telus.net
Management Dr. William Pfaffenberger CEO, President & Director Donald G. Snyder Chairman Barry Pearson CFO Dr. David W. Madill Director
Capital Structure Shares Issued: 38,094,993 Warrants: 1,000,000 @ $0.20 expire April 1, 2015 3,100,000 @ $0.10 expire Jan 27, 2014 1,850,000 @ $0.20 expire May 26, 2013 1,050,000 @ $0.20 expire May 6, 2012 Options: 2,600,000 @ $0.20 to $0.76 Fully Diluted: 44,594,993
Stock Price History Latest price (January 26, 2012) $ 0.055 Volume 43,000
2008 Optioned Property • Mt. Copeland Past Producing High Grade Molybdenum Property The Mount Copeland deposit lies within metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32 kilometers northwest of Revelstoke, British Columbia. The rocks have been metamorphosed and subjected to three phases of deformation. Lenses of syenite pegmatite and syenite aplite are common along the northern border of the nepheline syenite unit, and because of their concentrations of molybdenite, are the focus of economic interest. During the life of the Mount Copeland mine (1970-1974) almost all production was from these aplite-pegmatite bodies within the syenite gneisses, more specifically the Glacier zone, which was up to 3 meters thick and exposed for 121 meters along a strike length of over 1 kilometer. The object of Torch River Resources exploration efforts was be to attempt to find a repeat of the Glacier zone, which produced 163,278 tonnes from ore grading 1.1 percent molybdenum. Torch River carried out over $500,000 in diamond-bit drilling on Mt. Copeland through the summer of 2008. A reanalysis of that drill core found above average levels of Rare Earth Elements (REEs) and lead to detailed program in 2010 and 2011 of geophysics and sampling in the region of contact between the molybdenum occurrences and the surrounding geologic rock units.
November 4, 2010 News • Torch receives Re-Assays of some Rare Earths (REEs) registering above 13% Cerium and 10% Lanthanum at Mt. Copeland • REE’s are presently in short supply, and their values are high and increasing. Their uses are varied but essential in manufacturing activities such as: electronics, batteries, high tech uses, strong magnets, TV screens and microwave transmission. • Fieldwork was previously detailed in Torch River’s press release of November 2, 2010. Recently received re-assays are as follows:
Copeland Rock Chip Samples • These two very high grade samples are from two areas of REE bearing mineralization occurring in the East Glacier Zone (e.g. rock chip sample COPE10AR-20) and the Marble Breccia Ridge Zone (e.g. rock chip sample COPE10AR-22). The East Glacier and Marble Breccia Ridge Zones are about 500 meters apart, but they occur on the same stratigraphic horizon and may be part of an extensive REE bearing mineral zone that trends under the glacier.
Copeland 2010 Rock Chip Samples Yellow lines show existing mining tunnels and workings. High REE Assays R22 and R20 are accessible and 500M apart. • This diagram shows AR20 and AR22
Mt Copeland Map The road to Revelstoke is 25 kilometers from the mine entrance (S Portal) down Hiren Creek and then down the Jordan River to Revelstoke ( a mining town). A small bridge repair will be required……………………………………………………………………..
Red Bird Property - 2007 Above is a picture of the second hole drilled on the Red Bird Molybdenum/ Rhenium/ Copper property in July 2007. You can observe the molybdenum mineralization in the core boxes in the foreground. A total of seven holes were drilled from this site and another three holes were drilled from a site above this one, both in the canyon located to the west of the main ore zone. A total of 2800 meters of diamond-bit drilling was carried out in 2007.
Red Bird Location The Red Bird Property is located within the Skeena Mining Division, central coastal region of British Columbia, 100 kilometres north of the town of Bella Coola and 140 kilometres southwest of Houston, British Columbia.
Visual Site Overview 2007 Drilling S.W. Zone Main Zone S.E. Zone Main Camp
2006 3D Isometric Plot with Overlay View 60 degree’s N.N.E. positioned against area topography (previous slide).
2008 3D Isometric Plot View 60 degree’s N.N.E. see (previous slide).
The Cores for Red Bird Property • Don Davidson inspecting core at the Red Bird Property in 2007.
Historical Resource Estimates and Feasibility Craigmont Mines Ltd. Red Bird Property, Historical Mineral Estimates by Farnsworth and Vollo (Craigmont Mining) 1980 - 1981 Feasibility Study From these historical results it was determined that a mineral estimate of 81 million tons of molybdenum ore, at a grade of 0.118% / tonne MoS2 or approximately 2.59 lbs / tonne exists on the property. This was calculated by Farnsworth in 1981, excluding the Main UG using a cut-off value of 0.05% MoS2. (to convert to Mo multiply by 0.6 which gives 0.07 % Mo)
Recent Preliminary Resource Calculation Report • Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred. The total 151.6 million tonnes have an average grade of 0.06% Mo at a 0.03% cutoff with 0.068% Cu.
Future of Red Bird • In January 2009, Torch announced that is was moving to a legal 25% undivided interest in the Red Bird Property and returning control of the remaining 75% to Red Bird Resources, the private company with which Torch had held its option agreement.
Summary • The Red Bird Property hosts a resource of molybdenum, copper as well as rhenium. The market demand for molybdenum is increasing. Torch River, through Red Bird Resources, is poised to capitalize on this demand. • Torch will attempt to find an extension to the historical reserves which were mined at Mt. Copeland. If they are found, Mt. Copeland could be placed into production at reasonable costs within the next three years using a small mines permit. • With the discovery of potentially economic Rare Earth Elements (REEs) at Mt. Copeland, access by means of the previously developed underground workings at Mt. Copeland could lead to early commercial exploitation of REEs as well as molybdenum. The End FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this Power Point Presentation - including, without limitation, statements regarding forecasts, plans and objectives of Torch River Resources Inc. - are forward-looking statements that involve various risks and uncertainties. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission.The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Presentation. THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Warning • This presentation is reserved for the exclusive internal use of Torch River Resources and it’s representatives. • The presentation may not be copied, distributed, cited or posted, in whole or in part, on any internet site without prior written permission of the Board of Directors of Torch River Resources.