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Fire River Gold Reports New Underground Drill Holes Results: 160.5 g/t (4.68 opt) Gold Over 2.8 m ( 9.1 ft) at 3000 Zone, Nixon Fork Gold Mine, Alaska
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160.5 g/t (4.68 opt) gold over 2.8 m (9.1 ft) in hole N10U-024
30.5 g/t (0.89 opt) gold over 1.3 m (4.3 ft) in hole N10U-022
31.4 g/t (0.92 opt) gold over 1.0 m (3.3 ft) in hole N10U-016
Second underground diamond drill employed
28,000 metre drill program ongoing - 8800 metres drilled to date
January 21, 2011 Vancouver, Canada - Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) (FAU or the Company) is pleased to announce results obtained from the 2010/2011 28,000 metre drill program at the Nixon Fork Gold Mine situated in Alaskas Tintina Gold Belt. The Company has received assay results of holes 10 through 25 (N10U-010 - N10U-025) from the 3300, 3500, and 3510 Zones.
New significant intercepts include N10U-024 returning grades of 160.5 g/t (4.68 opt) gold over 2.8 m (9.1 ft) and 31.4 g/t (0.92 opt) gold over 1.0 m (3.3 ft) in hole N10U-016. A complete list of significant intercepts is provided in Table 1. The widths of the intercepts are approximate to the true width of the mineralized intercept.
This phase of the underground drill program commenced on the 3300 Zone on the 300 level. The Company is once again encouraged with the results from the 2010 drill program, because it is exhibiting the potential to provide additional resources to the mill.
Table 1. Results from holes N10U-010 to N10U-025
Hole
From
To
Length
Length
Au
Au
Ag
Ag
Cu
Number
(metres)
(metres)
(metres)
(Feet)
(gpt)
(opt)
(gpt)
(opt)
(%)
Location 3300 Zone
N10U-010
86.9
88.4
1.5
4.9
21.0
0.61
0
0
0
N10U-011
NSI
N10U-012
NSI
N10U-013
NSI
N10U-014
52.7
54.5
1.5
4.9
5.82
0.17
1.0
0.03
0
N10U-015
NSI
N10U-016
72.0
73.0
1
3.3
31.4
0.92
31
0.9
0.62
N10U-017
NSI
Location 3500 & 3510 Zones
N10U-018
NSI
N10U-019
NSI
N10U-020
Pending
N10U-021
NSI
N10U-022
93.4
94.69
1.3
4.3
30.5
0.89
4.0
0.12
0.02
Location 3000X Zone
N10U-023
39.2
44.5
5.3
17.4
1.7
0.05
17.5
0.51
0.11
48.2
52.3
4.1
13.5
2.04
0.06
129.2
3.77
0.4
including
51.7
52.3
0.6
2.0
7.3
0.21
39.0
1.14
0.32
N10U-024
32.6
35.4
2.8
9.2
160.5
4.68
6.0
0.17
0.02
N10U-025
35.7
37.5
1.8
5.9
2.6
0.08
9.3
0.27
0.02
45.3
47.4