Fire River Gold

Published : September 22nd, 2010

Announces High-grade Results From Whalen Zone, Nixon Fork Gold Mine, Alaska

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TSX.V: FAU  OTCQX: FVGCF FSE: FWR

www.firerivergold.com

 info@firerivergold.com

NEWS RELEASE: September 22, 2010, Vancouver, Canada,

Toll Free 1.800.667.1870


Fire River Gold Announces High-grade Results From Whalen Zone,Nixon Fork Gold Mine, Alaska

  • 12 g/t (0.35 opt) gold over 15.5 m (50.8 ft) in hole N07007
    • including 85 g/t (2.48 opt) gold over 1.0 m (3.3 ft)
  • Re-evaluation program now complete
  • 28,000 metre surface/underground drill program in progress
  • 2010/11 surface/underground drill program has commenced
  • Resource update Fall 2010
  • Whalen Zone represents NEW area for further exploration

Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or the "Company") is pleased to announce high grade results at the Whalen Zone from the recently completed re-evaluation program at the Nixon Fork Gold Mine Project in Alaska.

"We are excited about the Whalen Zone as this represents a completely new area for further exploration and potential mining." Harry Barr President and CEO.

The Company has received assay results and completed careful review of holes one through seven completed in 2007 (N07001 to N07007). Significant intercepts include N07U007 returning a high grade intercept of 12 g/t (0.35 opt) gold over 15.5 metres (50.8 ft) including 85 g/t (2.48 opt) gold over 1.0 metre (3.3 ft). A complete list of significant intercepts is provided in Table 1 and it includes results of previously reported drill holes.

In 2007 the former operator specifically targeted the Whalen Zone and drilled 726.1 metres (2,381.6 ft) in seven surface holes, to confirm historical drill hole results and explore for additional mineralization.. The results of which have never been previously disclosed to the public. Surface drilling specifically targeted the Whalen Glory Hole resource which was mined historically from 1921 to 1923 and was reported to have produced 7,400 tonnes of ore at a grades ranging from 47 g/t to 109 g/t (1.37 opt -- 3.18 opt) on average with ore reaching a maximum of 277 g/t (8.08 opt) (results are compiled from historical mining and mill records).
Note: References made to historic mineral resource estimates are not NI 43-101 compliant and should not be relied upon and Fire River Gold does not treat them as current mineral resources.

This press release is reporting the results of re-logging and sampling of drill holes conducted in 2010. Due to the 2007 and 2008 results not being formerly reported, a careful review was initiated by FAU to review all quality control and quality assurance procedures used by the former operator.

Schematic geometry of the granodiorite contact at the Whalen Glory Hole
View is to the northeast projected from beneath the Surface

Re-logging and sampling of the historic core is of critical importance to understanding the controls of gold mineralization as well as gaining confidence in the high grades. The differences in grades shown are typical of high grade, gold deposits with a significant nugget distribution.

For additional details, please refer to FAU's website: www.firerivergold.com under news, which include the results from the first 33 holes, the geological re-assessment program, historic site production, a description of the deposits, additional information on the QA/QC measures and a description of our planned 2010 exploration drilling program.

The mineral resource estimate for 2005 (modified after Wallis et. Al.,2005) for the Whalen is an Inferred Resource of 14,000 Tonnes at a grade of 32.4 g/t for a total of 31,200 ounces gold. There has been insufficient exploration by the company to define a mineral resource at this time and it is uncertain if further exploration will result in the deposit being delineated as a mineral resource. In all respects, FAU is treating the mineral deposit on the property as an exploration target and not relying on prior estimates prepared for prior operators.

Objectives About 2010/11 Drill Program

As previously announced on July 27th, 2010, and September 7th 2010, a Diamond drill program of up to 28,000 metres has commenced at its Nixon Fork Gold Mine. The surface program will test to expand six known zones of mineralization which have the potential to provide additional resources to the mill. The underground portion of the drill program will focus on expanding resources, particularly in the 3300 Zone, 3500, 3100, as well as other prospective zones.

The early performance of the drill crews has prompted the Company to seek out and purchase a second unit and expand the mining department to accommodate four shifts of drilling per day. At present, the mine has a staff of nine mine workers, which will be expanded to accommodate this program.

The project is being managed by Richard Goodwin, P.Eng, VP Mining for Fire River Gold and is the Qualified Person for this news release.

About Fire River Gold Corp.

Fire River Gold Corp. is a near term production company with an experienced technical team focused on bringing its flagship project, the Nixon Fork Gold Mine, back into production within the next 12 months. The Nixon Fork Gold Mine is a fully permitted and bonded mine with past production values averaging 1.4 opt (42 gpt). Facilities at the Nixon Fork Gold Mine include a 200 tpd flotation plant with a gravity gold separation circuit and a sulphide flotation circuit. In 2008, a CIL gold leaching circuit was purchased and approximately 60% installed. The mine also includes a fleet of mining vehicles, a self-contained power plant, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.5 km long landing strip.

Fire River Gold Corp is a member of the International Metals Group. (http://www.internationalmetalsgroup.com)

On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.

 

 Recent Articles

 
MORNING NOTES
Michael A. Berry, Ph.D.

September 3, 2010

Fire River Gold Moves To Reignite Gold Production at Nixon Fork  

August 30, 2010
Fire River tackles complex geology in Alaska

Peter Kennedy is a Stockhouse reporter and web content editor
 

Recent News


Sept. 14, 2010: Fire River Gold Announces 26 g/t (0.76 opt) Gold Over 2.9 m (9.5 ft) At the Nixon Fork Gold Mine, Alaska

Sept. 7, 2010: Fire River Gold Commences Underground Drill Program
At The Nixon Fork Gold Mine, Alaska


Sept. 1, 2010: Fire River Gold Selects Snowden to Prepare Preliminary Economic Assessment for the Nixon Fork Gold Mine Project, Alaska

"Harry Barr"

Harry Barr
President and C.E.O.


For further information, please visit www.firerivergold.com or call toll free 1.800.667.1870


This email should not be construed as an offer to buy or sell securities of Fire River Gold Corp.

Disclaimer:
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 safe harbour.

 

 

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Fire River Gold

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CODE : FAU.V
ISIN : CA31811Q1063
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Fire River is a gold exploration company based in Canada.

Fire River develops gold and silver in USA.

Its main asset in development is GOLDEN ZONE PROPERTY in USA and its main exploration properties are NIXON FORK, GOLDEN ZONE, KANSAS CREEK and DRAKEN in USA.

Fire River is listed in Canada. Its market capitalisation is CA$ 3.2 millions as of today (US$ 2.8 millions, € 2.2 millions).

Its stock quote reached its highest recent level on November 27, 2009 at CA$ 0.75, and its lowest recent point on October 09, 2014 at CA$ 0.01.

Fire River has 316 160 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
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6/11/2012Annouces $4M Private Placement
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5/5/2010Increases Non Brokered Private Placement to $4 million
11/19/2009Announces $10 Million Brokered Private Placement
Nominations of Fire River Gold
1/10/2014Appoints New Director
1/10/2014Appoints New Director
1/10/2014Appoints New Director
3/27/2013Director Resignation
11/8/2012Appoints New Director
10/3/2012Announces New Directors And Officers
10/3/2012appoints new directors and officers
6/28/2012Appoints Interim President & CEO
5/16/2012Appoints New Director
12/19/2011Appoints Vice President of Finance and CFO
6/23/2011Appoints Fred Sveinson to the Board of Directors
Project news of Fire River Gold
1/8/2013(Nixon Fork)Drills 3.34 Metres Grading 219.1 g/t Gold at Nixon Fork
12/10/2012(Nixon Fork)Drills 7.6 Metres Grading 50.26 g/t Gold at Nixon Fork
5/16/2012(Nixon Fork)Update on the Progress of the Nixon Fork Gold Mine
12/22/2011Provides Updated Resource Estimate
12/21/2011Receives Further Revenue from Concentrate and Dor=E9 Product...
12/14/2011(Nixon Fork)Resumes Full Operations At Nixon Fork Mine
12/12/2011receives 2nd and final drawdown from Sprott Resource Lending...
10/3/2011(Nixon Fork)Announces New Ore Zone Discovered at the Nixon Fork Mine
8/25/2011(Nixon Fork)on Progress of the Nixon Fork Mine Start Up
8/23/2011Announces Further Drill Results
7/5/2011(Nixon Fork)Starts Up the Nixon Fork Mill
5/19/2011Releases Additional High Grade Results and Explains the Sign...
4/8/2011(Nixon Fork)Announces 108.0 g/t (3.15 opt) Gold Over 2.4 m (7.9 ft) At N...
4/1/2011(Nixon Fork)Announces 65.3g/t (1.90 opt) Gold Over 5.5 m (18.0 ft) At Ni...
3/25/2011(Nixon Fork)Announces 125.5g/t (3.66 opt) Gold Over 6.0 m (19.7 ft) At N...
3/14/2011(Nixon Fork)Reports Additional Underground Drill Holes Results: 202.7 g/...
3/7/2011(Nixon Fork)Reports New Underground Drill Holes Results: 92.2 g/t (2.69 ...
2/17/2011(Nixon Fork)Announces Results of Snowden's PEA for the Resumption of Und...
8/19/2010(Nixon Fork)Announces 215 g/t (6.27 opt) Gold Over 0.2 m (0.7 ft) At the...
8/3/2010(Nixon Fork)Announces 20 g/t (0.58 opt) Gold Over 2.5 m (8.2 ft) At the ...
7/27/2010(Nixon Fork)Commences 28,000 Metre Drill Program
7/6/2010(Nixon Fork)Announces 144 g/t (4.2 opt) Gold over 2.5 m (8.2 ft) Nixon F...
6/30/2010(Nixon Fork)Generates Over $1 Million Revenue From Ball Mill Clean Up At...
6/21/2010(Nixon Fork)Announces 498 g/t (14.52 opt) Gold over 3.0 m (9.8 ft) Nixon...
6/18/2010(Nixon Fork)Announces 67 g/t (1.95 opt) Gold over 6.3 m (20.7 ft), Nixon...
3/23/2010(Nixon Fork)produces excellent gold results from geological re-assessmen...
2/1/2010(Nixon Fork)Project Update -- Nixon Fork Gold Mine, Alaska Winter 2010
1/29/2010(Nixon Fork)Lays A Lot Of Geological Love Onto Its Nixon Fork Gold Proje...
Corporate news of Fire River Gold
3/25/2014Announces Reclassification to Tier 2
3/11/2014Announces New Mailing Address and Phone Number
12/18/2013Announces New Mailing Address and Phone Number
12/5/2013Announces OTCQX Delisting
10/8/2013Receives Default Notice
8/13/2013Misses Payment to Lender
6/28/2013Suspends Operations
3/28/2013Provides Operations Update
6/29/2012Amends Waterton Debt Facility
6/25/2012Accepts Resignations of Senior Management and Board Members
4/24/2012Provides Additional Information Regarding Credit Facility
4/5/2012enters into Gold Stream Credit Agreement with Waterton Globa...
3/20/2012Announces the Completion and Commissioning of the CIL Circui...
2/6/2012Announces Promotion of Timothy G. Smith to Vice President, C...
2/3/2012New Office Address & Phone Number
12/12/2011Announces Temporary Suspension of Operations Due To Inclemen...
9/14/2011Receives First Concentrate Payment
8/10/2011Announces Concentrate Sales Agreement
7/11/2011Announces Refining Contract
7/7/2011(Nixon Fork)Announces Additional Drill Results At Nixon Fork Gold Mine, ...
6/6/2011(Nixon Fork)Announces 107.13 g/t (3.12 opt) Gold and 36.26 g/t (1.06 opt...
5/16/2011(Nixon Fork)Announces 71.4 g/t (2.08 opt) Gold and 40.1 g/t (1.17 opt) S...
5/12/2011Timothy G. Smith Joins Fire River Gold as Vice President, Op...
4/28/2011(Nixon Fork)Announces 41.0 g/t (1.20 opt) Gold and 33.8 g/t (0.99 opt) S...
4/19/2011(Nixon Fork)Announces 16.7 g/t (0.49 opt) Gold and 51.2 g/t (1.49 opt) S...
4/5/2011Announces President's Message
3/4/2011(Nixon Fork)Corporate Update for the Nixon Fork Gold Mine - $7,000,000 N...
3/2/2011Appoints R. David Russell as Chairman and Richard Goodwin a...
6/9/2010Announces 12,000 Metre Drilling Program
6/7/2010closes final tranche of financing for proceeds of a cumulati...
5/17/2010Closes First Tranche of Financing For Proceeds of $3,625,500
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