- 41.0 g/t (1.20 opt) gold and 33.8
g/t (0.99 opt) silver over 9.0 m (29.4 ft) in hole N11U-033
- 26.35 g/t (0.77 opt) gold over
13.1 m (43.0 ft) in hole N11U-034
- including 170.0 g/t (4.86
opt) gold over 0.4 m (1.21 ft)
- including 394.0 g/t (11.49
opt) gold over 0.4 m (1.21 ft)
April 28, 2011 Vancouver, Canada - Fire River Gold Corp (TSXV: FAU) (OTCQX:
FVGCF) (FSE: FWR) ("FAU" or the "Company") is pleased to announce
results obtained from additional holes drilled during its 2011, 28,000
metre drill program at the Nixon Fork Gold Mine, situated in Alaska's
Tintina Gold Belt. The Company has received and confirmed assay results
from drill holes N11U-033 to N11U-034 at the 3300 Zone. A complete list
of the all the 2011 intercepts are provided in Table 1. The
widths of the intercepts are approximate to the true width of the
mineralized intercept. The latest holes target the down dip extension of
the 3300 zone.
The Company is presently operating two drills continuously in the
Crystal Mine. They are primarily focussed on detailing mineralized zones
scheduled for the first six months of mining, beginning in June 2011.
This includes filling in gaps in mineralization and extending open zones
along strike and dip.
Table 1. Results from Holes N11U-001 and
N11U-034
Quality Assurance and Quality Control (QA/QC)
Rigorous controls are in place to ensure the traceability of samples and
their results. Upon delivery core is prepped and logged with intervals
of interest and/or mineralization marked for sampling. The core is
subsequently photographed prior to cutting. Half the core is retained
for future reference and the remaining half placed in double poly bags
and sealed for shipment. Samples are delivered to ALS Chemex in
Fairbanks, AK where they are dried, crushed, and representative splits
are transported to ALS Chemex labs in either Reno, NV or Vancouver, BC
for assay. ALS Chemex complies with the requirements for the
International Standards ISO 9001:2000 and ISO 17025:1999. Analysis
includes Fire Assay with gravimetric finish for gold and ICP for 33
other elements. Gold assays results greater than 5 ppm are automatically
re-submitted for screen metallic analysis.
QA/QC is verified using external standards, blanks, and duplicates with
13% of all samples submitted being QA/QC check samples. Results are
examined ensuring control samples fall within 2.5 standard deviations of
certified values. Failed results are re-analyzed by the lab and/or
additional samples from the remaining core are submitted for analysis.
Nixon Fork Gold Mine
The Nixon Fork Gold Mine was acquired in September 2009. From 1995 -
2007, the project produced approximately 175,000 ounces of gold at an
average grade of 39 grams per ton (1.14 opt). The mining and processing
facilities at Nixon Fork are permitted and bonded. The deposit is a
gold-rich copper silver skarn typical of other skarn systems found
throughout the world. At Nixon Fork, the higher grades are found in
steeply plunging pipe-like bodies that are oxidized to depths of up to
350 meters below the surface. Oxidization of the system has resulted
both in secondary copper and gold, with high grades and a "nuggety"
distribution.
The Qualified Person for this news release is Richard Goodwin, P.Eng,
President & C.O.O for 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 Summer 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.
Fire River Gold Corp 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.
"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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