Fire River drills 7.6 metres grading 50.26 g/t gold at Nixon Fork
Tuesday, Dec 11, 2012
VANCOUVER, Dec. 10, 2012 /PRNewswire/ - Fire River Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company", "Fire River") is pleased to announce results from its 2012 surface diamond drilling program (Figure 1) at its wholly owned Nixon Fork Gold Project in Alaska. Fire River completed 38 surface diamond drill holes totalling 2976 metres targeting resource expansion at the Mystery Mine. Twenty of 38 drill holes intercepted significant gold, silver and copper mineralization, a very high success ratio.
Blane Wilson, President and CEO of Fire River, commented: "We are extremely pleased with these high grade gold and silver drill hole intercepts at the Mystery Mine. The drilling was designed to define and expand the known resources at the mine and to better understand the geologic controls of higher grade gold and silver mineralization. It is important to note the very high grades associated with some of the intercepts such as, 3.7 metres grading 96.6 g/t gold, 84 g/t silver and 6.7% copper in drill hole N12-014*. These higher grade zones will contribute to an optimized mine plan for the Mystery Mine and potentially provide a more consistent high grade feed for the mill."
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.