VANCOUVER, Jan. 8, 2013 /PRNewswire/ - Fire River Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company", "Fire River") is pleased to announce results from its 2012 underground diamond drilling program (Figure 1 and 2) at its wholly owned Nixon Fork Gold Project in Alaska. As of 07 November, Fire River completed 103 underground diamond drill holes totalling 9781 metres targeting resource expansion at the Crystal Mine. Drilling has delineated thick intervals of high grade gold mineralization as well as substantial zones of very high grade gold. Each of these distinct styles of gold mineralization has the potential to significantly impact mine planning and the production profile at Nixon Fork.
These thickness and high grades can rapidly add ounces to the project resource base and allow for more efficient mining and sequencing. Areas of broad gold mineralization, as highlighted above, contribute the bulk of the tonnage in the deposit and mill feed. Zones of very high grade gold, highlighted below, can be integrated into the overall mine plan allowing for a consistent high grade mill feed by blending the two rock types.
About Fire River Gold:
Fire River Gold Corp.'s flagship property is the wholly owned Nixon Fork Gold Project located in the Tintina Gold Belt, Central Alaska. Operations at Nixon Fork recommenced in July 2011. Nixon Fork is a past producing mine with a high grade production history, and a low capital requirement due to pre-existing infrastructure. The mine operates year-round producing both gold concentrate and doré bars. District scale exploration potential provides additional upside for the project.
SOURCE Fire River Gold Corp.