Running Fox Resource Corp.

Published : January 18th, 2012

Brett Gold Progress Update

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Keywords :   Gold | Natural Gas | Oil | Recovery | Uranium |
HomeNews � Tuesday, January 17, 2012

Brett Gold Project Progress Update

 

Running Fox Resource Corp. 

TSX VENTURE : RUN
PINKSHEETS : RFXRF


 

January 17, 2012 18:00 ET

Running Fox Resource Corp.: Brett Gold Project Progress Update

 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2012) - Steven Schurman, P. Geol. (US) Director, reports:

Running Fox Resource Corp. (TSX VENTURE:RUN); (PINKSHEETS:RFXRF) is pleased to provide a progress update for its Brett Gold Project. The Brett Gold Project is an advanced stage exploration property located in southwestern B.C. To date, over 111 exploration and development drill holes have tested the epithermal gold veins found at the Brett property.

A drill program was permitted and implemented after Running Fox completed the transaction to acquire 100% ownership of the Project. In the past, the majority of the Brett drill holes were located on the south end of the approximately 60 square kilometer Brett property. For the 2011 drill project, Running Fox Resources made the decision to test a number of gold-in-soil anomalies that were located on the north, undrilled portion of the Brett property. The Program included 13 core drill holes for a total of 1,218 meters of drilling.

While the 2011 Brett core holes tested several geologic structures, the most significant discovery was the presence of a 75 meter wide, gold-bearing breccia zone that was heavily silicified and pyritized. Eight drill holes into this newly discovered breccia zone tested the zone to approximately a depth of 90 m and encountered gold mineralization to 3.2 grams/tonne. This new discovery expands the Brett gold mineralizing system approximately 1 km to the north of the original Brett discovery and validates the numerous gold-in-soil anomalies that are located between the north and south gold discoveries.

The discovery of the new breccia zone and analysis of the 2011 program by outside geologic consultants suggests that in addition to epithermal vein deposits that have been the subject of past exploration projects, a larger, porphyry-type exploration target may also exist beneath the Brett property.

Running Fox is now permitting for a 2012 drill program that will be designed to expand the existing ore-grade gold zones that have been identified by past drilling in the south as well as test the gold-in-soil anomalies and mineralized trenches that are located south of the 2011 drill holes. It is Running Fox''s 2012 goal to identify enough gold mineralization in the south discovery area with the 2012 drilling to justify re-opening the Brett mine adit, commence an underground exploration program and recover enough gold mineralization so the company can begin to study gold mill recovery options.

Steven Schurman, P. Geol. (US), Director, is the Qualified Person for the technical content of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Contact Information

  •  

    Running Fox Resource Corp.
    Steven Schurman
    P. Geol. (US), Director
    403 770 9089
    www.foxgold.ca

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� 2005-2012, Running Fox Resources Corporation. All Rights Reserved.
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Running Fox Resource Corp.

PRODUCER
CODE : RUN.V
ISIN : CA7815861025
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Running Fox is a gold exploration company based in Canada.

Running Fox produces gold, natural gas and oil in Canada, and holds various exploration projects in Canada.

Its main asset in production is PINCHER CREEK in Canada and its main exploration properties are BRETT and NEW MEXICO PROJECT in Canada.

Running Fox is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.1 millions as of today (US$ 822 566, € 749 193).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.30, and its lowest recent point on August 09, 2019 at CA$ 0.01.

Running Fox has 54 770 548 shares outstanding.

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Corporate Presentations of Running Fox Resource Corp.
4/2/2006Corporate presentation
Annual reports of Running Fox Resource Corp.
2007 Annual Report
Financings of Running Fox Resource Corp.
8/14/2008Completion of Private Placement Financing at $0.40 for 550,0...
Nominations of Running Fox Resource Corp.
3/2/2011Appoints New Director/Geologist
12/14/2007Appoints New Auditors, and 9 Month Revenues of $4.5 Million
Financials of Running Fox Resource Corp.
10/27/2007Third Quarter Revenues $1,580,903
Project news of Running Fox Resource Corp.
1/19/2012(Brett)Brett Gold Project Selected as Case Study for PhD Thesis
8/26/2011Drilling Upzone From Prior 16 Meters 35 Grams Gold, 55 feet ...
6/16/2011(Brett)Brett Project Update and Advisory Panel
3/24/2011(New Mexico Project)New Mexico Project Drilling
3/2/2011(New Mexico Project)Drilling To Advance Uranium/Vanadium Joint Venture
2/21/2011(Brett)TSX-V Approves High Grade Gold Project-SEE DRILL TABLE BELOW
9/21/2009To Acquire Diamond Drilling Company
Corporate news of Running Fox Resource Corp.
8/28/2013Reorganization / Share Consolidation
1/18/2012(Brett)Brett Gold Progress Update
4/5/2011Completes Gold and Silver Acquisition: SEE DRILL INTERCEPTS ...
3/10/2011CEO Remains As Head of Geology
3/3/2011Appoints Silver Wheaton Geologist as Director
4/6/2010Financing and TSX Approval
7/31/2009Processing Resumes For Pincher Creek Natural Gas Field
7/22/2009Swaps Adjoining U.S.A. Uranium Lode Mineral Claims
3/4/2009Annual Revenues Grow To Over $9,000,000.00
8/1/2008First Six Months Revenues $3.56 Million
5/28/2008A Diversified Energy Entity: Completes Acquisition of Wireli...
4/1/20082007 Results: $6.486 Million in Revenues, Growth in Assets
3/19/2008A Diversified Energy Entity: Acquires Specialty Oilfield Ser...
9/7/2007Environmental Services Division Awarded Saskatchewan Project
7/30/2007Acquires Key Uranium Mining Claims in New Mexico, United Sta...
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