Mr. Blane Wilson reports
FIRE RIVER DRILLS 7.6 METRES GRADING 50.26 G/T GOLD AT NIXON FORK
Fire River Gold Corp. has released results from its 2012 surface diamond drilling program at its wholly owned Nixon Fork gold project in Alaska. Fire River
completed 38 surface diamond drill holes totalling 2,976 metres
targeting resource expansion at the Mystery mine. Twenty of 38 drill
holes intercepted significant gold, silver and copper mineralization, a
very high success ratio.
All
summer 2012 surface drilling was from the Mystery vent raise/boiler
area pad, above the Mystery portal.
Drilling highlights include:
- 7.6 metres grading 50.26 grams per tonne gold in drill hole N12-014;
- 8.3 metres grading 36.75 g/t gold in drill hole N12-001;
- 6.1 metres grading 31.83 g/t gold in drill hole N12-012.
Blane Wilson, president and chief executive officer of Fire River, commented: "We are
extremely pleased with these high-grade gold and silver drill hole
intercepts at the Mystery mine. The drilling was designed to define
and expand the known resources at the mine and to better understand the
geologic controls of higher-grade gold and silver mineralization. It
is important to note the very high grades associated with some of the
intercepts, such as 3.7 metres grading 96.6 g/t gold, 84 g/t silver and
6.7 per cent copper in drill hole N12-014. These higher-grade zones will
contribute to an optimized mine plan for the Mystery mine and
potentially provide a more consistent high-grade feed for the mill."
NIXON FORK DRILL RESULTS
Drill hole From To Width Gold Silver Copper
(m) (m) (m) (g/t) (g/t) (%)
N12-001 27.84 36.15 8.31 36.75 22.55 1.6
including 27.84 31.70 3.86 67.38 39.3 2.67
N12-003 15.85 17.37 1.52 6.66 4 0.27
N12-005 12.34 13.11 0.77 12.65 7 0.33
including 11.28 13.11 1.83 12.65 7 0.33
N12-006 28.35 32.92 4.57 5.55 12.3 0.66
including 29.87 31.39 1.52 9.75 9 0.38
N12-008 19.20 21.59 2.39 3.79 5.6 0.43
N12-009 19.20 20.73 1.53 3.35 1 0.04
N12-011 13.11 14.63 1.52 2.36 3 0.19
N12-012 28.35 34.44 6.09 31.83 37 2.28
including 29.87 32.92 3.05 49.31 62 3.75
N12-013 2.13 3.96 1.83 6.14 75 0.82
N12-014* 15.22 16.15 0.93 33.4 28 0.83
16.15 23.77 7.62 50.26 42.36 3.37
including 16.15 19.88 3.73 96.6 84.37 6.72
including 19.10 19.88 0.78 141 165 10.4
N12-015 5.86 8.62 2.76 6.08 11.9 1.06
including 6.92 7.42 0.50 23.1 39 0.81
25.16 26.26 1.10 3.23 14 0.64
29.87 34.44 4.57 13.17 35.3 2.35
including 32.92 34.44 1.52 28.4 31 2.31
N12-016 10.06 14.63 4.57 25.67 85.1 1.78
including 10.06 10.58 0.52 123.5 229 8.89
including 12.49 13.85 1.36 27.2 163 0.54
23.77 26.67 2.90 81.33 5.96 0.64
including 23.77 24.50 0.73 214 8 0.49
N12-018 2.44 3.96 1.52 2.62 23 1.02
34.14 35.66 1.52 2.98 0.5 0
N12-019 32.92 34.44 1.52 3.13 6 0.18
N12-020 0.00 5.49 5.49 19.23 125 1.32
10.06 11.58 1.52 2.27 55 1.18
24.40 25.30 0.90 2.26 28 1.57
31.87 32.92 1.05 2.35 74 2.88
N12-021 28.59 29.72 1.13 71.6 18 1.09
31.77 33.43 1.66 11.35 20 1.34
N12-022 5.18 5.48 0.30 2.42 15 0.43
16.15 17.67 1.52 4.47 0.5 0.02
N12-026 10.06 11.58 1.52 17.2 8 0.16
19.20 20.73 1.53 6.51 9 0.66
N12-028 31.39 32.92 1.53 6.04 0.5 0.01
35.87 37.49 1.62 23.3 25 1.56
N12-029 41.76 43.43 1.67 53.2 2 0.01
* In hole N12-014, the interval between 16.15 m to 23.77 m has approximately 50-per-cent
core recovery, and therefore, the data presented here are the weighted average of the
material present and may not be representative of the actual grade of the intercept. The
poor recovery is most likely due to the fine-grain nature of oxidized material being
flushed during the drilling process. No voids were noted in this interval.
All drill intercepts and corresponding assay values reported in this
news release have been reviewed and approved by David Adams, MS,
BS, CPG, PGeo, who is a qualified person under the definitions
established by National Instrument 43-101. Drill core at Nixon Fork is
boxed and covered at the drill rig and moved to Nixon Fork's logging
and sample preparation facilities by Fire River personnel. The core is
then split down the centre using a typical table-fed circular rock saw
normally at one-metre intervals. One-half of the core is sent for assay
to ALS Minerals in Anchorage, Alaska, where it is dried, crushed and
representative splits are transported to ALS Minerals labs in either
Reno, Nev., or Vancouver, B.C., for assay, while the other half is returned
to the core box and stored at Nixon Fork's sampling facility in a
secure area. ALS Minerals complies with the requirements for the
International Standards ISO 9001:2000 and ISO 17025:1999. Analysis
includes fire assay with gravimetric finish for gold and ICP for 33
other elements. ALS Minerals is at arm's length to Fire River. Nixon
Fork's quality assurance/quality control procedures include the regular use of blanks, standards
and duplicate samples. As a rough estimate, the true thickness of the
above intercepts is approximately 76 per cent.
We seek Safe Harbor.
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