July 7, 2011 Vancouver, Canada - Fire River Gold Corp (TSXV: FAU) (OTCQX: FVGCF) (FSE: FWR)
("FAU" or the "Company") is pleased to announce additional high-grade results obtained from 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 the drill holes N11U-055 to N11U-094 from the 3000, 3200 and 3300 Zones. Diamond drill hole N11U-94 demonstrates new high grade zones of mineralization outside of the previously modelled area. This series of drill holes were extremely productive in expanding the extent of the gold mineralization of the 3300 zone. Of particular note is hole number N11U-068 that exhibited visible gold associated with native bismuth (See Figure 1). This demonstrates a known geochemical association of gold and bismuth in this deposit.
A complete listing of the drill hole
intercepts are provided in Table 1.
Table 1: N11U-057 to N11U-94
Table 2: List of No Significant
Intersections and Not Sampled Drill Holes
Most of the holes released to-date have been
for the purpose of ore definition in known blocks of mineralization. The
3000Z and 3200 zone holes are more exploratory, seeking additional
mineralization in the upper Crystal mine beyond the mining zones of the
six month operating plan.
On behalf of the Board of Directors, I look forward to keeping you
updated with our corporate developments.
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