Fire River Gold

Published : September 01st, 2010

Selects Snowden to Prepare Preliminary Economic Assessment for the Nixon Fork Gold Mine Project, Ala

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Keywords :   Canada | Diamond | Gold | Gold Mine | Nixon | Recovery | Volatility |
TSX.V: FAU  OTCQX: FVGCF FSE: FWR

www.firerivergold.com

 info@firerivergold.com


Fire River Gold Selects Snowden to Prepare Preliminary Economic Assessment
for the Nixon Fork Gold Mine Project, Alaska


Septempber 1, 2010, Vancouver, Canada


Toll Free 1.800.667.1870



Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) ("FAU" or the "Company") is pleased to announce that as part of its ongoing development of the Nixon Fork Gold Mine Project, the Company has engaged Snowden Mining Industry Consultants Inc. "Snowden" to prepare a Preliminary Economic Assessment (PEA) to evaluate the economic viability of resuming underground commercial production. The study will present a preliminary mine plan for the project, including dilution and recovery analysis, stoping method selection, production and development forecasts, capital and operating cost estimations, revenue projection, and a financial model. The tentative date for completion of the study is mid December 2010.

This will be the third significant technical report that the Company will publish in 2010, the first being an updated NI 43-101 Resource Estimate (scheduled for September) and the second being a PEA evaluating the completion a carbon-in-leach "CIL" circuit to reprocess the historic tailings pond. The Snowden PEA will incorporate the results of the prior two studies.

The Company is actively drilling the orebody both from surface and underground as part of a 28,000 meter drill program, which will be continued through winter and completed in spring of 2011. For timeliness, the results of this program will not be incorporated into the Snowden PEA.

About Snowden Mining Industry Consultants Inc.
Snowden is a premium provider of consulting services, technology solutions and technical training to the Mining and related sectors. During the last 22 years, it has built a track record providing clients with the information and solutions necessary to optimise their investment in the resources sector.

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.

In July 2010 FAU announced a Diamond drill program of up to 28,000 metres initially focusing on surface targets, particularly of known mineralized zones which have the potential to provide additional resources to the mill. The underground drill program is designed to expand resources, particularly in the area of the 3300 zone, as well as test three to four prospective zones. Nixon Fork is located within Alaska's Tintina Gold Belt, which hosts numerous world class deposits. Fire River Gold Corp. is a member of the International Metals Group.

 Recent News/Articles


Click here to view recent news

August 19, 2010:
Fire River Gold Announces 215 g/t (6.27 opt) Gold Over 0.2 m (0.7 ft) At the Nixon Fork Gold Mine, Alaska

August 3, 2010:
Fire River Gold Announces 20 g/t (0.58 opt) Gold Over 2.5 m (8.2 ft) At the Nixon Fork Gold Mine, Alaska

Jul 27, 2010:
Fire River Gold Commences 28,000 Metre Drill Program At The Nixon Fork Gold Mine, Alaska

July 26, 2010: Fire River Gold Corp. Closes Non-Brokered Financing for proceeds of $5,500,000

July 6, 2010:
Fire River Gold Announces 144 g/t (4.2 opt) Gold over 2.5 m (8.2 ft) Nixon Fork, Alaska

June 30, 2010:
Fire River Gold Generates Over $1 Million Revenue From Ball Mill Clean Up At Nixon Fork Gold Mine, Alaska

June 21, 2010:
Fire River Gold Announces 498 g/t (14.52 opt) Gold over 3.0 m (9.8 ft) Nixon Fork, Alaska

June 18, 2010: 
Fire River Gold Announces 67 g/t (1.95 opt) Gold over 6.3 m (20.7 ft), Nixon Fork, Alaska

 


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

"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. 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. 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.

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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
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