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July 8, 2010. Vancouver, Canada -- Fire
River Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) (the
"Company") wishes to announce that it has hired Mr. Leonard Therrien as
its Underground Mine Superintendent. Mr. Therrien will oversee mining
operations at the Nixon Fork Gold Mine situated in Alaska's Titina Gold
Belt.
Mr. Therrien has extensive mine management experience, primarily in the
Marathon region of Ontario, where he has worked these past 24 years.
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His last assignment
was as Mine Superintendent of Barrick Gold
Corporation's 800 tpd David Bell Mine, where he
managed all aspects of underground production
including production and maintenance and managed
a total crew of 150 workers. Prior to this, Mr.
Therrien worked at the Williams Mine, beginning
as a miner and ending as Mine Contract
Coordinator. Although mine production is Mr.
Therrien's primary interest, he is a fully
trained and registered Professional Mining
Engineer (Ont), with a bachelor's degree from
South Dakota School of Mines and Technology and
a technical diploma from Haileybury School of
Mines and Technology (Ont). |
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Mr. Therrien's experience with various
mining methods, backfill systems, and underground construction will
assist the Company to prepare the Nixon Fork Gold Mine for future
production and to help guide a Preliminary Economic Assessment (PEA),
which is scheduled for completion by the end of the 2010. At present
there are four miners and an underground mine supervisor working at the
minesite. This team is rehabilitating existing mine development,
preparing the mine for underground diamond drilling this summer. This
activity also prepares the mine for eventual production, which is
anticipated to begin in spring or summer of 2011, subject to the results
of the PEA.
"We are pleased to welcome someone with Leonard's background and
experience," says Harry Barr, President and CEO. "This hiring sends an
accurate statement to our shareholders that we are serious about getting
this mine back into production."
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). Facilities at the Nixon
Fork Gold Mine include a 200 tpd floatation plant with a gravity gold
separation circuit and a sulphide floatation circuit. In 2008, a CIL
gold leaching circuit was purchased and approximately 60% installed. The
mine also includes a fleet of mining vehicles, a self-contained power
plant, maintenance facilities, drilling equipment, an 85 person camp,
office facilities and a 1.5 km long landing strip. 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
(www.internationalmetalsgroup.com)
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.
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"Richard Goodwin"
Richard Goodwin
VP Mining
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
safe harbour.
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