September 14, 2011 Vancouver, BC, Canada
- Fire River Gold Corp. and Mystery Creek Resources Inc. (TSX.V: FAU), (OTCQX:
FVGCF), (FSE: FWR) (collectively "the Company") is pleased to
announce that it has received an advance payment of $1.8 M from Glencore
International PLC for the first shipment of gold-rich copper concentrate
from the Nixon Fork Mine.
This payment is a provisional advance for the first 48 bags comprising
42.6 dmt (dry metric tonnes) of gold-rich copper concentrate. The bags
are palletized and flown from the Nixon Fork Mine aboard a Hercules
L382G airplane. Shipping lots of 24 bags are assembled in Anchorage at
Lynden Air Cargo's facility and barged in secured 40 ft containers to
Seattle for ocean transport to the PASAR smelter in Isabel, Philippines.
being loaded at Nixon Fork Mine Airstrip
About Fire River Gold Corp.
Fire River Gold Corp.'s Nixon Fork Mine is operated by Mystery Creek
Resources, a wholly owned subsidiary of Fire River Gold, which is based
in Anchorage, Alaska.
The Nixon Fork Mine, located in the resource rich Tintina Gold Belt, is
Alaska's newest operating gold mine and is projected to produce 50,000
ounces of gold per year.
Operations started in July of 2011, with plans to ramp up to full
production by late fall 2011. This year-round mining program will be
producing both concentrate and doré bars. Fire River Gold will be
replenishing what is mined on an annual basis by further drilling
exploration targets on surface and underground thereby extending the
life of the operation and receiving further benefit from the strong
Fire River Gold has a stable platform for growth due to its strong
financial position, a talented and experienced management team and Board
of Directors who have the experience to execute on Fire River Gold's
Nixon Fork is a past producing mine with a high grade production history
(42 g/t), and a low capital requirement due to pre-existing
infrastructure. Fire River Gold has no debt and is well funded.
On behalf of the Board of Directors,
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