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Oct 2 2009 FAU News Release
October 2, 2009
Fire River Gold Corp. (the "Company", "FAU")
(CNSX: FAU) wishes to announce that 2,200,000 incentive stock options have been granted to directors, officers and consultants at an exercise price of $0.40 per common share for a period of five years.
The foregoing is subject to regulatory approval.
About Fire River Gold Corp.
Fire River Gold Corp. (FAU) completed its IPO at the end of May 2009. FAU is the newest member of the International Metals Group (IMG) and will have access to a well established team with over 100 years of experience working in Alaska. The primary focus of FAU is the exploration and development of gold projects in North America.
Nixon Fork Property
Highlights
about Nixon Fork Gold Project
- Turn key mining
operation
- Mine fully permitted and
bonded
- Multi million dollar
expenditures to date on equipment
and facilities
- Significant exploration
upside
The
recently acquired Nixon Fork Gold
Mine in Alaska has the potential
to be a near term gold
producer.
For further information, please
refer to FAU's news releases
dated August
13, 2009 and June
29, 2009.
A budget of CDN$1.25 million has
been allocated with the objective
of conducting a
re‐evaluation of mine
reserves/resources, metallurgy,
tailings production scenarios,
financial analysis and update on
the exploration plan going
forward.
Golden Zone Property
In an effort to continue to
add to the Company's overall
gold ounce potential and development
schedule, on August 19, 2009, FAU
announced an option to acquire
100% of the Golden Zone project.
The project is located 240 km
north of Anchorage, Alaska on the
south flank of the Alaska Range
and is road accessible.
A
US$250,000 2009 program is in
progress and will consist of a
trenching and mapping program that
will assay for gold silver and
copper, a trenching program is in
progress to test the southern
extension of the Breccia Pipe
mineralized zone. The Golden Zone
has a NI 43-101 compliant mineral
resource containing a measured and
indicated resource of
approximately 3.09 million tons
grading 0.082 ounces per ton (opt)
gold (2.81 g/t) using a cut-off
grade of 0.03 opt gold (1.03 g/t)
for a total of 259,940 ounces with
7.61 million pounds of copper and
1.39 million ounces of silver. The
US$250,000 2009 program is
progress
For further information on the
Golden Zone Project, please refer
to FAU's news release dated August
19, 2009.
Draken Property
FAU has commenced with an initial Phase I work program consisting of surface exploration program, detailed rock sampling, mapping, rock chip sampling and metallic sieve analysis on selected samples and is continuing to move forward with the Phase I exploration on its 100% owned Draken Project.
Please click HERE for further information on the Draken Property.
Kansas Creek Property
Management is currently re-evaluating the data on the Kansas Creek Property with the objective of outlining a Phase I exploration program. Management expects to have recommendations and the commencement of Phase I exploration program for the spring of 2010.
For further information on the Kansas Creek Property, please refer to FAU's news release dated
June 19, 2009
On behalf of the Board of Directors
"Harry Barr"
Harry Barr
President, CEO and Director
Further Information: Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: info@firerivergold.com Website: http://www.firerivergold.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "forward-looking statements". All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and available at www.sedar.com or filed with the Canadian National Stock Exchange. Any forward-looking statements are not guarantees of the Company's future performance and are subject to risks and uncertainties that could cause actual results, developments, and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.
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