| | | Fire River Gold Appoints R. David Russell as Chairman and Richard Goodwin as President & COO | 
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FAU news March 2 2011
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March 2, 2011 Vancouver, Canada - Fire
River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or the
"Company") - Harry Barr and The Board of Directors (the "Board") of Fire
River Gold Corp. wish to announce that effective immediately Mr. Harry
Barr has elected to step down as President, CEO and Director of Fire
River Gold and its Alaskan subsidiaries. Mr. Barr will concentrate his
efforts on the other member companies of the International Metals Group,
as President & CEO of Pacific North West Capital Corp., El Nino Ventures
and Next Gen Metals Inc.
Mr. R. David Russell will become the Chairman of the Board. Mr. Russell
has been an integral part of the Board of Directors to date and has
committed to work with Mr. Goodwin and his team to advance the company
through its objectives.
Mr. Russell has over 33 years of experience in the mining industry
including a variety of operating, executive and boards of director
positions. Mr. Russell is the Chairman of Pure Nickel (NIC:TSX),
Chairman & CEO of Calais Resources, Lead
Director for Fire River Gold (FAU:TSX.V) and a Director for General
Molybdenum (GMO:AMEX). Previously, Mr. Russell was the Founder,
President, CEO and Director of the former Apollo Gold Corporation, (now
Brigus Gold Corp. after the June 24, 2010, Apollo Gold and Linear Gold
Merger), and the same for the predecessor company, Nevoro Gold from 1999
- 2002. From 1994 - 1999, Mr. Russell was Vice President and COO for
Getchell Gold Corporation, a Nevada gold producer with production of
200,000 ounces of gold. Getchell Gold was acquired by Placer Dome Inc.
in 1999 for $1.1 Billion. Prior to working at Getchell, Mr. Russell was
VP of US Operations for LAC Minerals Ltd. and, after their acquisition
by Barrick Gold Corporation, Mr. Russell stayed on with Barrick Gold.
Other companies Mr. Russell worked for included ASARCO, Hecla and
Meridian Gold. Mr. Russell received a Bachelor of Science degree in
Mining Engineering from Montana Tech at the University of Montana.
Mr Richard Goodwin, P. Eng., former Vice President, Mining will become
the Company's new President & COO. Mr. Goodwin is a professional mining
engineer with over 25 years experience in underground mine operations,
engineering consulting and corporate management. Early in his career,
Mr. Goodwin worked at the Myra Falls Operations of Westmin Resources
Ltd. for ten years, during which time he performed numerous mine
engineering roles and three years of hands-on experience as an
underground miner. In 1995 he became a consulting mining engineer, first
with MRDI Canada as a Principal Engineer and later with Snowden MIC,
where he managed Snowden's steady growth in Canada. Mr. Goodwin then
went on to manage the development, test mining and completion of
feasibility studies as Vice President, Mining, for Yukon Zinc
Corporation's Wolverine zinc-silver project.
Prior to joining the Company, Mr. Goodwin oversaw a $300 M project for
the construction of a 2000 tonne-per-day polymetallic mine as Chief
Operating Officer & Vice President Mining for Redcorp Ventures Ltd. In
each of his last three assignments, he has demonstrated the ability to
assemble and manage a competent technical team to manage advanced stage
mining projects.
Mr. Barr stated, "I would like to thank our shareholders and the
financial community who supported Fire River Gold over the last two
years. Without their continued support and belief, Fire River Gold would
not have been able to accomplish its objectives. I am exceptionally
proud of the team of people I leave in charge. Richard Goodwin has
always been the driving force behind the technical side of Fire River
Gold and more specifically the development of the Nixon Fork Project to
date. He has done an exceptional job building a highly regarded
technical team that is poised to restart the Nixon Fork Gold Mine. I
would also like to thank our growing team of directors, employees and
consultants, whose countless hours and dedication have helped to
accomplish our objectives to date and developed Fire River Gold into one
of Alaska's newest emerging producers. I have always focused on
exploration, acquisitions and financings throughout my career. I am
very proud to say that during my tenure as CEO with Fire River Gold, our
team has either met or exceeded all of our objectives to date. From a
shareholders point of view, I believe it is time to let a production
team take this Company to the next level. I look forward to working with
Richard and David in my new capacity as a financial advisor to Fire
River Gold".
About Fire River Gold Corp.
Fire River Gold Corp. is a near term production company with an
experienced technical team focused on bringing its flagship project, the
Nixon Fork Gold Mine, back into production in 2011. The Nixon Fork Gold
Mine is a permitted and bonded mine which include a ~200 tpd processing
plant with a gravity gold circuit, sulphide flotation circuit and a gold
recovery system (CIL circuit) that is scheduled to be completed by
Summer 2011. The mine also includes a fleet of surface & underground
mining vehicles, a self-contained power plant, maintenance facilities,
drilling equipment, an 85 person camp, office facilities and a 1.2 km
long landing strip. A 28,000 metre exploration and ore definition drill
program is in progress to expand the current resources and support the
detailed mine plan.
Fire River Gold Corp 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
President and COO
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. The TSX Venture Exchange or its Regulation Services
Provider have not reviewed and do not accept responsibility for the adequacy or
accuracy of the contents of this news release, which has been prepared
by management. We seek
safe harbour.
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| | You can view the Next News Releases item: Fri Mar 4, 2011, Corporate Update for the Nixon Fork Gold Mine - $7,000,000 Non Brokered Private Placement
You can view the Previous News Releases item: Thu Feb 17, 2011, Fire River Gold Announces Results of Snowden's PEA for the Resumption of Underground Mining at the Nixon Fork Gold Mine, Alaska
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