Fire River Gold

Published : February 28th, 2013

Drills 5.35 Metres Grading 53.98 g/t Gold at Nixon Fork

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Market | Nixon | Recovery | Silver |


FIRE RIVER DRILLS 5.35 METRES GRADING 53.98 G/T GOLD AT NIXON FORK


Vancouver, British Columbia, February 28, 2013. Fire River Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company" or "Fire River") is pleased to announce results from its November and December 2012 underground Diamond drilling program (Figure 1 and 2) at its wholly owned Nixon Fork Gold Project in Alaska. Fire River completed 27 underground Diamond drill holes totalling 1422 metres targeting the 3550 ore zone in the Crystal Mine. Drilling has delineated thick intervals of high-grade gold mineralization as well as substantial zones of very high grade gold.

Drilling Highlights include:

  • 6.36 metres grading 7.86 g/t gold in drill hole N12U-108
  • 5.35 metres grading 53.98 g/t gold in drill hole N12U-123
  • 4.28 metres grading 18.80 g/t gold in drill hole N12U-128
  • 3.43 metres grading 21.10 g/t gold in drill hole N12U-130
    including 1.10 metres grading 48.00 g/t gold
  • 3.35 metres grading 57.17 g/t gold in drill hole N12U-114
    including 1.93 metres grading 99.00 g/t gold

Figure 1. Schematic long section showing the Mystery and Crystal mine area at Nixon Fork. The drill results reported herein come from zone 1 in the Crystal Mine.

The Company is currently operating one drill continuously at the Crystal Mine. The primary focus of this drilling to define additional resources in the 3550 ore body, including filling in gaps in known mineralization and extending open zones along strike and dip (Figure 2). This will support a more thorough understanding of the geology of this deposit and fine tune mine scheduling going forward. A complete summary of significant drill results from the November and December 2012 underground drilling program at the Crystal Mine is shown below.

Table 1. Significant drill intercepts from underground drilling of the 3550 zone in the Crystal Mine. NOTE: Due to the nature of the ore deposit, composed predominantly of oxide and carbonate minerals, recovery of the drill core can be poor.

Drill Hole

From (metres)

To (metres)

Width (metres)

Gold (g/t)

Silver (g/t)

Copper (%)

N12U-106

29.87

31.39

1.52

4.37

12.00

0.57

 

31.39

33.13

1.741

63.00

238.00

7.38

 

33.13

35.29

2.162

1.19

6.00

0.28

 

35.29

37.19

1.902

4.76

52.00

2.07

 

43.59

44.81

1.22

3.37

5.00

0.14

N12U-107

40.54

42.06

1.52

5.62

4.00

0.30

N12U-108

25.30

31.66

6.36

7.86

35.58

1.67

Including

26.82

28.35

1.53

10.40

23.00

1.55

Including

29.87

31.66

1.79

13.45

66.00

2.62

N12U-112

28.65

31.70

3.05

24.38

66.11

3.70

N12U-114

21.95

25.30

3.353

57.17

134.93

4.82

Including

21.95

23.88

1.93

99.00

232.00

8.11

 

29.03

29.99

0.964

5.37

10.00

0.56

 

34.44

34.77

0.33

5.92

10.00

0.82

 

36.75

37.49

0.74

4.43

11.00

1.03

N12U-115

26.02

27.55

1.53

5.30

6.00

0.32

N12U-118

48.66

49.38

0.72

41.60

18.00

0.72

N12U-122

25.60

26.82

1.22

7.53

15.00

1.26

 

35.57

37.49

1.925

3.96

13.00

0.45

 

39.01

40.54

1.53

12.90

18.00

0.51

 

42.06

43.59

1.53

7.27

4.00

0.41

 

46.63

48.16

1.53

51.20

44.00

4.59

N12U-123

23.50

28.85

5.356

53.98

78.26

3.95

N12U-128

22.06

26.34

4.287

18.80

53.57

2.09

N12U-129

22.25

23.77

1.52

19.15

59.00

2.23

N12U-130

39.01

42.44

3.438

21.10

66.42

2.27

Including

40.64

41.74

1.10

48.00

152.00

5.12

 

51.24

51.82

0.589

11.95

6.00

1.56

NOTE: As a rough estimate, the true thickness of the above intercepts is approximately 70% of reported thickness. Drill holes not included did not intercept significant gold mineralization.

1 Recovery is 65% between 31.39 to 32.92. 2 Recovery is 73% between 34.44 to 35.66.
3 Recovery is 79% between 23.77 to 24.54. 4 Recovery is 71% between 29.87 to 31.09.
5 Recovery is 76% between 34.44 to 35.97, and 79% between 35.97 to 36.73. 6 Recovery is 78% between 23.01 to 23.77. 7 Recovery is 76% between 21.79 and 22.25. 8 Recovery is 62% between 42.06 to 43.59. 9 Interval has 74% recovery.

Figure 2. Image of the 270-51 drift showing the location of the drill holes. Large diameter rods around the drill holes show the location of significant gold intercepts.

Blane Wilson, President and CEO of Fire River, commented: "We are very pleased with these underground drilling results in the Crystal Mine as it continues to define and identify expansion opportunities into the new 3550 ore zone. We targeted ore zones adjacent to current mine workings and these results will support optimization of mine planning to potentially provide additional feed for the mill."

Qualified Person and Quality Control

All drill intercepts and corresponding assay values reported in this press release have been reviewed and approved by David D. Adams, MS, BS, CPG, P.Geo., who is a qualified person under the definitions established by National Instrument 43-101. Drill core at Nixon Fork is boxed and covered, at the drill rig and moved to Nixon Fork's logging and sample preparation facilities by Fire River personnel. The core is then split down the centre using a typical table fed circular rock saw normally at one metre intervals. One half of the core is sent for assay to ALS Minerals in Fairbanks, AK where it is dried, crushed, and representative splits are transported to ALS Minerals labs in either Reno, NV or Vancouver, BC for assay, while the other half is returned to the core box and stored at Nixon Fork's sampling facility in a secure area. ALS Minerals complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analysis includes Fire Assay with gravimetric finish for gold and ICP for 33 other elements. ALS Minerals is at arm's length to Fire River. Nixon Fork's QA/QC procedures include the regular use of blanks, standards and duplicate samples, which constitutes 13% of the total samples analyzed. Failed blanks and standards, along with corresponding samples, are re-assayed with over 89% falling within 2.5 percentile of the required value.

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 dor� bars. District scale exploration potential provides additional upside for the project.

ON BEHALF OF THE BOARD OF DIRECTORS FIRE RIVER GOLD CORP..

"Blane Wilson"

Blane Wilson
President and CEO


For further information, please contact:


FIRE RIVER GOLD CORP.

Email: info@firerivergold.com
Telephone: (604) 261 0580

www.firerivergold.com



 

 

 

Cautionary Note Regarding Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements regarding the business and operations of Fire River Gold. In particular, statements regarding use of proceeds and production targets in the upcoming years are forward-looking statements. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Fire River's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Fire River with securities regulators. Fire River expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.


LATEST NEWS
 


27
FEB

 

 

08
JAN

 

 

07
JAN

 

 

10
DEC

 

 

29
NOV

 

 

08
NOV

 

 

03
OCT

 

 

20
SEP

 

 

19
SEP

 

 

Fire River Gold Announces Additional Brokered Private Placement with Sunel Securities for gross proceeds of up to $5 Million

 

04
SEP

 

Fire River Announces Closing of Second Tranche of Brokered Financing For Gross Proceeds of $1.08 Million

 

09
SEP

 

Fire River Announces Closing of First Tranche $5.7 Million Brokered Financing

Fire River Gold

DEVELOPMENT STAGE
CODE : FAU.V
ISIN : CA31811Q1063
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Fire River Gold
9/20/2012Announces Additional Brokered Private Placement with Sunel S...
9/7/2012Announces Closing of Second Tranche of Brokered Financing Fo...
8/10/2012Announces Closing of First Tranche $5.7 Million Brokered Fin...
6/11/2012Annouces $4M Private Placement
5/18/2011Announces Extension of Warrant Expiry Date
5/26/2010Previously Announced Non-Brokered Private Placement Oversubs...
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (FAU.V)
0.010+0.00%
TSX-V
CA$ 0.010
10/09 15:51 -
0%
Prev close Open
0.010 0.005
Low High
0.005 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
849,310 -%
24hGold TrendPower© : -37
Produces
Develops Gold - Silver
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/18/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.92-1.71%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55+0.00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.38-3.64%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.32+0.46%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-2.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.77-1.12%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.10-0.89%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :