VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2011) -
Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources, (News - Market indicators) (PINK SHEETS:RFXRF) (FRANKFURT:C8Q) is pleased to report that Neil Burns, P.Geo., M.Sc., Director of Geology for Silver Wheaton Corp. TSX "SLW", NYSE "SLW", has joined the Board of Directors and will be appointed Head of Geology for Running Fox and the Brett Gold and Silver Project.
Mr. Burns has over 16 years of mining, exploration, and resource evaluation experience in the Americas, Europe, and Africa. Currently Director of Geology for Silver Wheaton Corp., he holds a M.Sc in Mineral Exploration from Queen's University. His experience included green to brownfields exploration, mine geology, and resource evaluation. He was the Corporate Resource Geologist for Lundin Mining Corporation and prior to that was involved with resource evaluation with Snowden M.I.C., and a Senior Mine Geologist for several operating mines.
He is a Registered Professional Geologist with APECBG, and a Member of the Society of Economic Geologists.
In order to streamline the Board, Dr. Reuven Gitter has stepped down as a director and remains a consultant, and the Company would like to thank him for his contributions.
Mr. Burns will be organizing an upcoming exploration program on Running Fox's Brett Gold and Silver Project, located in Southwest British Columbia, which has returned significant drill intercepts such as 16.76 metres of 35.79 grams per metric ton gold.
The Project 's 291 ton bulk sample was processed by Teck Cominco's smelter facility in Trail BC, from simple surface excavated pits.
The Teck Cominco smelter receipts for the net recovered grades for the bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne silver.
In addition to the intercepts above, prior drilling assayed significant gold bearing intersections in 15 of the 17 holes drilled, notably:
DDH# 04-01 intersected 10.2 meters grading 5.28 grams gold per ton including 1.6 meters grading 29.6 grams per ton gold, and,
DDH# 04-02 intersected 11.6 meters grading 10.39 grams gold per ton including 3.1 meters grading 34.02 grams per ton gold; and,
Importantly, DDH# 04-12 intersected 1.3 meters of 176 grams gold per ton in a new shear zone.
This new zone, located on a tuffaceous bed, is located 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 new shear structure is unexplored as none of the previous drill holes were near its projection. See "Top 40 Gold Intercepts" on website.
Running Fox believes that these untested soil anomalies represent significant exploration targets that are similar in geology and grade of gold mineralization to that found around the Main Shear Zone.
Complete maps, geochem, and drilling history are available for review/download on the Running Fox website. See the brief 3D Geological and drillhole movie on website www.foxgold.ca
Steven Schurman, CEO, Professional Geologist (US), is the named Qualified Person for the technical contents of this news release.
Note: Source for all intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at www.foxgold.ca and on SEDAR.
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
