February 14, 2008
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433 Zone Drilling Update Rainy's NR07-218 Intersects Highest Gold Values
Recorded to Date 1.0 m grading 4158 g/t (121.3 opt) Au, 439.48 g/t (12.8 opt) Ag (uncut)
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 14, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR) is pleased to report the final results for NR07-218, a step-out hole previously highlighted in the January 29th, 2008 news release because of the impressive coarse visible gold interval noted in the core (see photo posted on www.rainyriverresources.com). Hole NR07-218 is located 60 m south and 60 west of NR07-212 which returned a strong gold intersection reported in a news release dated January 29th, 2008. The 1 m interval containing the coarse visible gold in hole NR07-218 returned the highest assay obtained from the Rainy River Project to date: 4158 g/t (121.3 opt) Au (uncut) and 439.48 g/t (12.8 opt) Ag.
HIGHLIGHTS:
- NR07-218 intersects two gold intervals:
- 27.8 m grading 5.68 g/t Au including 1 m grading 4158 g/t Au (cut to 137 g/t or 4 opt)
- 6.0 m grading 2.88 g/t Au and 1.92% zinc
Hole NR07-218 was drilled down dip and plunge from NR07-212 on the 433 Zone, a gold horizon situated approximately 400 metres north of and stratigraphically below the ODM/17 Gold Trend. As previously reported, hole NR07-212 intersected 51.0 m grading 3.78 g/t Au including 5.3 metres grading 30.39 g/t Au up-plunge from the NR07-218 intersection.
Rainy River's technical team interprets the high-grade zones carrying visible gold not as evidence of epigenetic remobilization of the early, finely disseminated volcanogenic gold but rather as second stage volcanogenic overprinting of areas that were sealed, possibly by silicification, in the first mineralizing event and developed fluid-permissive dilational fractures. That is, the coarse visible gold was added to, not subtracted from the early disseminated gold mineralization.
The above holes are part of an 18 to 24-hole winter program on the 433 Zone consisting of three parallel, westerly striking fences of holes spaced 60 m apart designed to define a segment of the zone over a 250-m strike length. This area is wet and swampy during the spring and summer period and as a result, has not been previously drill tested. A longitudinal section for the 433 Zone showing the location of the planned holes has been posted on the Company's website www.rainyriverresources.com.
None of the recent holes, including NR07-210, 212 and 218, are part of the upcoming resource estimate, to be released shortly, which is primarily focussed on the ODM/17 Zone. Four drill rigs, two on the 433 Zone and the other two on the Cap Trend, continue to explore the project's unusually large gold system.
The Quality Assurance and Quality Control (QA/QC) procedures followed by the Rainy River technical team are described in detail on its website at http://www.rainyriverresources.com/s/QualityControl.asp. Nelson W. Baker, P.Eng., is the Qualified Person for the Rainy River Project and the person responsible for the contents of this news release.
About Rainy River Resources Ltd.
Rainy River is a Canadian precious metals exploration company whose key asset is the Rainy River gold project. With a $39 million treasury, the Company is well funded to conduct an aggressive year round resource definition drilling program and regional drill testing of priority targets. Rainy River is extremely well located in western Ontario where it is accessed by a network of roads, and is close to hydro-electric infrastructure. Ontario is low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions that embraces mineral development.
Nelson W. Baker, President
TABLE 1
433 ZONE - SUMMARY OF MAIN INTERSECTIONS
NR07-218
NR07-218 dip -63, depth 497 m (70 m southwest of NR07-154)
2 gold zones intersected
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From To Length (m) Au (g/t) Ag (g/t) Zinc %
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Zone 1 234.0 238.0 6.0 2.88 1.92
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Zone 2 283.2 311.0 27.8 5.68(i)
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Incl. 304.0 311.0 7.0 20.35(i)
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Incl. 305.0 306.0 1.0 4158.63(ii) 1755.39(ii)
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All holes are drilled at a 359 azimuth and all intersected widths quoted
are estimated to be true widths
(i) Intervals cut to 137.14 g/t or 4 opt
(ii) Interval uncut This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
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