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April 5th 2011. Vancouver, Canada -
Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or
the "Company") announces that further to the news release previously
announced on March 4th, 2011, regarding a non-brokered private placement
of units for total proceeds of $7,000,000, the Company wishes to
increase the financing of the non-brokered private placement to
1,000,000 units for total proceeds up to $7,500,000 subject to
regulatory approval. All other information from the news release dated
March 4th, 2011 remains the same.
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 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
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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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