kansas Creek Overview
Kansas Creek Gold Project
KANSAS CREEK GOLD PROJECT, ALASKA
Fire River Gold Corp. and its US Subsidiary, Fire River Gold Corp. USA, announce the signing of a Mineral Property Acquisition Agreement pursuant to which the Company shall acquire a 100% interest from the Vendor in certain mineral claims referred to as the Kansas Creek Project. In consideration for its 100% interest in the Property the Parent Company will pay the Vendor an aggregate of US$40,000 in instalments and will also issue an aggregate of 250,000 common shares in instalments in the capital of the Parent Company.
The Kansas Creek Project is located in the Bonnifield District of the central Alaska Range in central-interior Alaska approximately 110km south of Fairbanks, Alaska and 70km east of Healy, Alaska. The Kansas Creek Project consists of 28 State of Alaska mining claims covering a 16.8 square kilometre area. Placer gold was discovered in the district in 1906 and approximately 80,000 ounces of gold have been recovered form alluvial deposits through 2008. The Company's objective is to explore the project for lode gold potential. A three phase program totalling over US$1.0 million has been recommended. Management is currently reviewing the data on the project with the objective of outlining a Phase I exploration program.