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Fire River Gold Announces 26 g/t (0.76 opt) Gold Over 2.9 m (9.5 ft) at the Nixon Fork Gold Mine, Alaska
- 26 g/t (0.76 opt) gold over 2.9 m (9.5 ft) in hole N07U083
-- Including 64 g/t (1.87 opt) over 1.0 m (3.3 ft)
- 2007 - 2008 underground re-evaluation program complete
- Results pending for 7 additional 2007 surface holes (Whalen Zone)
- 2010/11 2800 metre surface/underground drill program has commenced
- P.E.A. evaluating the CIL circuit to reprocess the historic tailings pond due Sept 2010
- Resource update Fall 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2010) -Fire River Gold Corp. (TSX VENTURE: FAU)(OTCQX: FVGCF) (FRANKFURT:FWR) ("FAU" or the "Company") continues to announce high grade assay results from its on going re- evaluation program at the Nixon Fork Gold Mine situated in Alaskas Tintina Gold Belt. The Company has received assay results and completed careful review of holes 77 through 89 completed in 2007 (N07U077 to N07U089).
New significant intercepts include N07U0083 returning grades of 26 g/t (0.76 opt) gold over 2.9 m (9.5 ft), including 64 g/t (1.87 opt) over 1.0 m (3.3 ft) and intercept N07U084 returning grades of 32 g/t (0.93 opt) gold over 2.6 m (8.5 ft) as part of the geological re-evaluation program for the Nixon Fork Gold Mine in Alaska. A complete list of significant intercepts is provided in Table 1.
Table 1: Results from holes N07U077 to N07U089
Hole
From
To
Length
Length
Au
Au
Location
Number
(metres)
(metres)
(feet)
(metres)
(opt)
(gpt)
N07U077, 078, 079, 080
NSI
3300 Zone
N07U081
3.9
4.9
3.3
1.0
0.17
6
3300 Zone
N07U082
9.6
10.3
2.3
0.7
0.38
13
3300 Zone
N07U083
1.6
4.5
9.5
2.9
0.76
26
3300 Zone
Including
2.6
3.6
3.3
1.0
1.87
64
3300 Zone
N07U084
2.2
4.8
8.5
2.6
0.93
32
3300 Zone
N07U085
1.0
2.0
3.3
1.0
0.33
11
3300 Zone
N07U085
7.0
8.0
3.3
1.0
0.49
17
3300 Zone
N07U086
2.8
5.0
7.2
2.2
0.20
7
3300 Zone
N07U086
8.0
9.0
3.3
1.0
0.20
7
3300 Zone
N07U086
30.5
33.7
10.5
3.2
0.24
8
3300 Zone
N07U087
NSI
3300 Zone
N07U088
NSI
3300 Zone
N07U089
NSI
3300 Zone
During 2007 and 2008, the previous operator completed 9400 metres from mostly underground drill stations in 110 holes. The results for these holes were not reported by that operator and have never been included in a resource assessment of the mine. The geologic evaluation (re-logging) of the 9400 metres is complete.
Re-logging and sampling of the 2007 and 2008 drill core has been completed. Geologic work has now been focusing on selected zones from the pre-2007 core library, particularly in areas of favourable targets and mineralization. Work has also begun on a new resource estimate scheduled for completion by fall of 2010.
Table 2 illustrates the most recent significant intercepts for drill holes re-logged and sampled during this program. These drill holes were completed in the Crystal decline around the 3300 zone near the 220 ft level. Most of the drill program completed in 2007 was designed to test projections of known mineralized zones, such as the 3300 zone with modest step-outs down and up dip as well as along strike. Step-outs ranged from 7.5 metres to more than 40 metres from known zones.
Table 2: Best Results Released To Date
Thickness
Gram -
Hole #
Grade (g/t)
(m)
meters
N07U061
498
3.0
1,494
N07U049
110
6.7
737
N07U048
128
5.1
653
N07U053
27.0
24.0
648
N08U011
140
4.6
644
N08U023
122
4.4
537
N07U059
67
6.3
422
N07U050
78
4.8
374
N07U065
144
2.5
360
N07U063
108
3.0
324
Table 3. A comparison of the Original 2007 assays with the check assays from 2010
(field duplicates)
CHECK ASSAYS
ORIGINAL ASSAYS
Field Duplicates
Hole
From
To
Length
Au
From
To
Length
Au
Number
(metres)
(metres)
(metres)
(gpt)
(metres)
(metres)
(metres)
(gpt)
N07U077
NSI
Intervals not reassayed
N07U078
NSI