June 9, 2010. Vancouver, Canada - Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR)
("FAU" or the "Company") is pleased to announce that a 12,000 metre diamond drill program at its Nixon Fork Gold Mine is slated to begin late June 2010.
Drilling will initially focus on surface targets, particularly lateral or down plunge extensions of known mineralized zones which have the potential to provide additional resources to the mill. These types of targets include the Whalen, North Star, Mystery, Southern Cross, and J5A.
Following the Company's surface program, underground drilling will begin within the Crystal decline. The drill program is designed to add resources, particularly in the area of the 3300 zone, as well as explore prospective zones. Drilling will continue to further expand known resources as well as test 3 or 4 prospective zones. Will Beach, our newly hired underground supervisor, has examined the workings of the Crystal decline and found them to be in excellent condition, with only minor cleanup needed. Mr. Beach states, "The Crystal decline and associated levels can be ready for drilling immediately."
Cabo Drilling Corporation of North Vancouver, British Columbia has been contracted for this work which will be conducted by a B20 equipped, customized Mini Mite drill rig.
Drill Hole Sampling and Assaying Procedures
Samples will be taken primarily from NQ2 sized drill core. The selected sample intervals will be halved by diamond saw which will be bagged, numbered and sent to ALS Chemex laboratory of Fairbanks, Alaska. FAU logging staff will conduct a rigorous Quality Control and Quality Assurance program which will include Standards, Blanks, Checks and Duplicates as well as Screen Metallics sampling with ore zones. Check Assays will be forwarded to Acme Analytical of Vancouver. Both ALS Chemex and Acme Analytical laboratories are ISO 9001/2000 accredited.
About Cabo Drilling Corp.
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montréal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling Spain S.L. of Sevilla, Spain; Balkan States Drilling SH.P.K. of Tirana, Albania; and Cabo Drilling (International) Inc. The Company's common shares trade on the Frankfurt Exchange under the symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.
About Fire River Gold Corp.
Fire River Gold Corp. is a near term production company with a superior technical team focused on bringing its flagship project: the Nixon Fork Gold Mine, back into production within the next 12 months. The Nixon Fork Gold Mine is a fully permitted and bonded gold mine with past production values averaging 1.4 opt (42 gpt). Nixon Fork is located within Alaska's Tintina Gold Belt, which hosts numerous world class deposits. Fire River Gold is a member of the International Metals Group
On behalf of the Board of Directors, I look forward to keeping you
updated with our corporate developments.
President & CEO
Certain information regarding the Company including management's
assessment of future plans and operations, may constitute forward-looking
statements under applicable securities laws and necessarily involve risks
associated with mining exploration and development, volatility of prices,
currency fluctuations, imprecision of resource estimates, environmental and
permitting risks, access to labour and services, competition from other
companies and ability to access sufficient capital. As a consequence, actual
results may differ materially from those anticipated in the forward-looking
statements. A feasibility study has not been completed and there is no certainty
the disclosed targets will be reached nor that the proposed operations will be
economically viable. Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. We seek