Mr. Indi Gopinathan reports
RAINY RIVER RESOURCES' LATEST RESULTS FROM INTREPID ZONE HIGHLIGHT QUALITY OF GRADES AND CONTINUITY OF THE ZONE
Rainy River Resources Ltd. has provided further assay results
from the Intrepid zone at the Rainy River gold project
(RRGP) in Northwestern Ontario. Results are summarized in the attached table.
Highlights
- Infill drill hole NR131525 intersected 3.2 grams per tonne gold
and 16.0 g/t silver over 25.5 metres, at a vertical depth of 274
metres, including 14.8 g/t gold and 51.5 g/t silver over three metres.
- Drill hole NR131542 intersected 2.6 g/t gold and 35.0 g/t silver over
28.5 metres, at a vertical depth of 235 metres, including 4.7 g/t gold
and 56.5 g/t silver over 13.5 metres.
- Drill hole NR131512 intersected 1.3 g/t gold and 8.8 g/t silver over
42.0 metres, at a vertical depth of 208 metres, including 8.7 g/t gold
and 24.3 g/t silver over 3.0 metres.
- Drill hole NR131534 intersected 8.0 g/t gold and 28.3 g/t silver over
6.9 metres, at a vertical depth of 262 metres, including 15.2 g/t gold
and 36.3 g/t silver over 3.0 metres at a vertical depth of 262 metres.
- Drill hole NR131532 intersected 11.4 g/t gold and 63.7 g/t silver over
7.4 metres at a vertical depth of 257 metres.
Intrepid -- latest drill hole results
With the addition of 52 new diamond drill holes released today, a total
of 154 holes have now defined the core of the Intrepid zone over a
410-metre strike length, and have traced the mineralization down dip
for 450 metres. The zone remains open at depth, and deeper targets
will be drilled later in 2013.
The latest assay results are consistent with previous results and
continue to demonstrate excellent continuity within the Intrepid zone,
with its margins now much better defined. Drilling continues to define
a high-grade corridor that could potentially be exploited via
underground mining early in the life of the RRGP. This corridor is
currently being modelled with several different gold-equivalent cut-off
grades. From the work to date, Intrepid clearly hosts parallel and
plunging high-grade shoots of mineralized material, similar to those
observed in the ODM zone, at the heart of the Rainy River gold project.
Work has now resumed following the spring thaw, with four diamond drill
rigs deployed and targeted to expand the thickest portions of Intrepid
in the plunge direction and better define the zone. The company plans
to release a National Instrument 43-101-compliant mineral resource
estimate for the Intrepid zone in third quarter 2013.
Commentary
Raymond Threlkeld, president and chief executive officer of Rainy River Resources Ltd.,
commented: "As we continue to drill out Intrepid in preparation for its
inaugural resource estimate in the third quarter of this year, we
continue to find excellent gold and silver grades throughout the zone.
In this set of results, drill hole NR131525 highlights both the quality
of the grade and the continuity of the zone, intersecting 3.2 grams per
tonne gold and 16.0 grams per tonne silver over 25.5 metres, including
14.8 g/t gold and 51.5 g/t silver over three metres. We are excited about
Intrepid's potential to add significant value to the project.
"In addition, Rainy River continues to advance the engineering and
permitting of the project while maintaining our strong balance sheet
position."
Qualified persons
Rainy River's exploration program in Richardson township is being
supervised by Kerry Sparkes, PGeo, vice-president of exploration, a
qualified person as defined by National Instrument 43-101. Mr.
Sparkes, PGeo, is also the person responsible for the content of this
news release. The company has a rigorous quality assurance/quality control program in place to
ensure best practices in sampling and analysis of drill core. All
drill core is marked for sampling and then split in half with a diamond
saw blade. Samples are placed in sealed bags with security tags. All
samples were assayed using a standard fire assay, 30-gram nominal
sample weight with an AA finish. Overlimit samples were reassayed
with a gravimetric finish. Samples with visible gold were
automatically analyzed for ore grade by 1,000 g screen fire assay, with
coarse and fine fractions being combined proportionately and the fine
fraction being assayed twice. Standards, blanks and duplicates are
inserted every 25 samples, with a maximum sample length being 1.5
metres. ALS Canada Ltd. performed primary assaying, with check assays
at Activation Laboratories Ltd. ALS Canada Ltd. and Activation
Laboratories Ltd. implement independent QA/QC protocols that include
the insertion of certified blanks and standards as part of their
routine analysis.
Hole ID Vertical depth From (m) To (m) Length (m) Au (g/t) Ag (g/t)
NR121402 N/S
NR121418 330 378.0 381.0 3.0 1.1 0.7
379 430.5 442.5 12.0 0.9 9.9
406 459.0 478.5 19.5 0.7 9.9
NR121420 N/S
NR121430 301 339.3 369.0 29.7 1.4 9.2
NR121435 68 72.0 81.0 9.0 0.5 3.3
NR121453 N/S
NR121465 95 115.5 121.5 6.0 1.2 24.0
NR121469 N/S
NR121471 177 237.0 240.8 3.8 0.7 20.5
NR121479 78 88.5 93.0 4.5 0.8 7.0
NR121480 N/S
NR121482 N/S
NR121485 N/S
NR121486 N/S
NR121487 N/S
NR121489 N/S
NR121490 166 205.5 211.5 6.0 0.9 2.2
NR121491 183 222.3 240.0 17.7 0.4 3.9
NR131498 161 207.0 214.8 7.8 1.8 12.3
183 229.5 252.0 22.5 0.6 7.9
NR131499 173 228.0 232.5 4.5 3.6 12.9
193 250.5 267.0 16.5 0.7 10.2
NR131505 186 218.0 253.5 35.5 0.7 10.5
NR131508 176 232.5 235.9 3.4 5.9 48.3
NR131512 208 255.0 297.0 42.0 1.3 8.8
Incl. 205 270.0 273.0 3.0 8.7 24.3
NR131513 280 355.5 364.9 9.4 2.1 0.8
NR131519 138 165.0 193.5 28.5 0.6 17.6
NR131520 210 250.5 286.5 36.0 0.8 14.0
Incl. 202 250.5 265.5 15.0 1.1 11.9
And 220 277.5 286.5 9.0 1.3 33.0
NR131522 217 288.0 297.0 9.0 0.9 9.3
NR131525 274 343.5 369.0 25.5 3.2 16.0
Incl. 266 343.5 346.5 3.0 14.8 51.5
NR131526 166 204.0 216.0 12.0 1.2 27.7
NR131527 240 291.0 330.0 39.0 0.9 7.4
NR131528 301 378.0 397.5 19.5 0.6 5.4
319 408.0 415.5 7.5 0.9 10.8
NR131529 236 310.5 316.5 6.0 1.0 14.3
NR131530 297 378.0 387.0 9.0 1.0 12.5
NR131531 N/S
NR131532 257 340.6 348.0 7.4 11.4 63.7
NR131533 291 378.0 397.5 19.5 1.8 14.9
NR131534 262 345.3 352.2 6.9 8.0 28.3
Incl. 262 346.5 349.5 3.0 15.2 36.3
NR131535 301 384.0 393.0 9.0 1.7 33.8
NR131536 309 390.0 411.0 21.0 0.8 6.2
NR131537 268 354.0 366.0 12.0 3.5 31.2
NR131538 290 373.5 385.5 12.0 0.8 7.6
NR131539 310 396.0 430.5 34.5 1.3 12.0
NR131540 299 354.0 381.0 27.0 1.2 17.9
NR131541 255 328.5 343.5 15.0 1.5 15.5
NR131542 235 303.0 331.5 28.5 2.6 35.0
Incl. 233 307.5 321.0 13.5 4.7 56.5
Incl. 232 312.0 315.0 3.0 11.7 106.0
NR131544 302 381.0 394.5 13.5 2.7 23.0
NR131545 307 361.5 370.5 9.0 1.9 12.0
NR131546 192 240.0 249.0 9.0 4.6 109.8
Incl. 192 243.0 246.0 3.0 8.9 278.6
NR131548 177 220.5 241.5 21.0 0.9 11.1
NR131549 136 165.0 181.5 16.5 1.1 27.2
NR131550 163 205.5 225.0 19.5 1.8 34.5
Incl. 158 205.5 210.0 4.5 4.6 86.6
NR131551 169 214.5 232.5 18.0 1.9 22.2
* Vertical depth is calculated by determining the vertical depth at the
midpoint of the down-hole intersection.
We seek Safe Harbor.
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