Running Fox Resource Corp.

Published : September 21st, 2009

To Acquire Diamond Drilling Company

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Keywords :   Canada | Commodities | Diamond | Gold | Growth | Natural Gas | Oil | Silver | Uranium |
Running Fox Resources: To Acquire Diamond Drilling Company
Monday September 21, 2009    Wayne Waters, Director, reports:
Running Fox has entered into an exclusive arrangement that would enable it, following successful asset review, to acquire an operating Canadian Diamond drilling company.
The private company is technically advanced and operates one to three drill systems depending on the size of a drilling contract, with current capabilities down to 6,000 feet, including in very rough terrain.
This acquisition would mark the beginning of a plan for Running Fox to be more active with the drill bit.
The drilling company would operate as a subsidiary of Running Fox and ideally conduct drilling operations for Running Fox and partners' resource projects, and secondly to continue drilling for profit on contract for third party resource companies.
The drilling company has extensive experience and would be available for drilling projects in Canada and the United States.
The principals of the drilling company are well versed in assessing resource projects and, if the deal consumates, are pleased to be receiving only Running Fox shares as consideration for their company and are looking forward to Running Fox drilling their High-Grade Gold Development- Brett Gold Project, Okanagan Valley, British Columbia. Gold Mining Canada Silver Mining Gold Gravity Concentrator.
Running Fox looks forward to follow-up on previous drillhole # RC93-19, which returned a significant intersection of :
55 feet of 1.045 oz Au/ton (16.76 m grading 35.79 gms Au/tonne ) including 3.048 m
grading 57.88 gms Au/tonne (1.69 oz Au/ton) and 4.57 m grading 107.88 gms Au/tonne (3.15 oz
Au/ton) within the main shear zone.
(see 43-101 Technical and Brett Gold Assessment Reports located under the website "Brett Property" tab.)
In our last drilling program 15 out of the 17 holes drilled intersected significant gold bearing intersections including the following :
Diamond drill Hole # 04-01 intersected 33.5 feet grading 0.154 oz/t Au including 5.5 feet grading 0.640 oz Au/ton; and
Diamond drill Hole # 04-02 intersected 38.1 feet grading 0.303 oz Au/ton including 10.2 feet of 0.992 oz Au/ton.
In both of these high grade intercepts visible gold was observed and a metallic assay was performed.
More importantly, Diamond  drill hole # 04-12 intercepted 4.3 feet grading 5.104 ounces per ton  gold, (check assay performed) plus two other  significant but lower-grade (0.03 ounce to 0.07  ounce per ton gold) intercepts.  This new zone, located on a tuffaceous  bed, is located 160 feet (53 metres) east  of the main shear zone  and represents a totally new zone as none of the previous  drill  holes went as far east as this hole. The zone is cut off by several postmineral dikes in the core, possibly indicating the presence  of a second  parallel shear structure. If so, this would be the  first confirmation of  bonanza high-grade gold values (greater than one ounce per ton gold) on a parallel shear  structure, opening the  possibility that similar high-grade zones may be present,  along  the numerous other shears identified during surface work. The entire  strike length of the shear zone is unexplored as none of the previous  drill holes were near its projection.
The program opened up large areas for exploration and the development of additional gold bearing zones.
Complete maps, geochem, and drilling history are available for review/download on the Running Fox website.
The project has significant early stage block calculations on a small portion of one shear zone-- and there are many shear zones, running under large undrilled geochem zones with good gold values over large areas, (see geochem in Assessment Report).
Oilfield Services and Technology Division:
The Company's oilfield services division has identified several potential acquisition partners,  with seperate revenues exceeding $10 million, and the group's combined, consolidated revenues would be more stable following any potential acquisition of these operating partners.
The acquisitions would also be funded by Running Fox common shares, without any cash component, as the new partners believe in the prospective future of the Running Fox group and choose to receive their compensation in shares rather than cash.
These potential acquisitions would assist Running Fox to continue its diversification, and when finances allow to further improve its proprietary WireDryer recycling technology. Recently there has been interest in the WireDryer system for a new application and Claymore is pursuing that potential. There has also been talk in the oil patch of various mergers that may involve parts of Running Fox.
The Company has upside leverage to important commodities: oil/gas, uranium, and gold.
Running Fox is a Canadian growth-oriented small cap company developing four key divisions:
1.  Uranium and Gold Exploration Mineral Projects;
2.  Oil and Natural Gas Exploration and Production;
3.  Energy Sector Oilfield Services and Technology; and
4.  Environmental Services: Encapsulation and Remediation.

The Company has approx. 41 million shares issued and outstanding and trades on the Toronto Stock Exchange- Venture
* Note: Source for all drill intercepts are 43-101 Technical and Brett Gold Assessment Reports available at and on SEDAR.
On behalf of the Board of Directors: Wayne Waters, Director, Running Fox Resource Corp.
1 403 742 0500
The Company relies on legislation applicable to forward looking statements, seeking safe harbour
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Running Fox Resource Corp.

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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