Fire River Gold Corp. (FVGCF: OTC Link) | Fire River Gold Announces Further Drill Results

August 23, 2011, Vancouver, Canada — Fire River Gold Corp. (the “Company”, “FAU”) (TSX.V: FAU), (OTCQX: FVGCF), (FSE: FWR) is pleased to announce additional high-grade results obtained from holes drilled during its 2011 drill program at the Nixon Fork Gold Mine, situated in Alaska’s Tintina Gold Belt. The Company has received and confirmed assay results from the drill holes N11U-101 to N11U-199 from the 3300, 3100 and 3000 Zones. This series of drill holes were extremely productive in expanding the extent of the gold mineralization of the 3300 zone. Of particular note is hole number N11U-175. 

Fire River Gold will be continuing to drill on its property in order to aid stope design, grow the resource and expand the life of mine.

NOTE: Ounces must be per short ton so that metric and imperial units are not mixed. 34.3g/tonne = 1.0 oz/ton

To view all drill results, please view our website.

Quality Assurance and Quality Control (QA/QC)

Rigorous controls are in place to ensure the traceability of samples and their results. Upon delivery core is prepped and logged with intervals of interest and/or mineralization marked for sampling. The core is subsequently photographed prior to cutting. Half the core is retained for future reference and the remaining half placed in double poly bags and sealed for shipment. Samples are delivered to ALS Chemex in Fairbanks, AK where they are dried, crushed, and representative splits are transported to ALS Chemex labs in either Reno, NV or Vancouver, BC for assay. ALS Chemex 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. Gold assays results greater than 5 ppm are automatically re-submitted for screen metallic analysis. 

QA/QC is verified using external standards, blanks, and duplicates with 13% of all samples submitted being QA/QC check samples. Results are examined ensuring control samples fall within 2.5 standard deviations of certified values. Failed results are re-analyzed by the lab and/or additional samples from the remaining core are submitted for analysis.

The Qualified Person for this news release is Richard Goodwin, P.Eng, President C.O.O for Fire River Gold.

To view all drill results, please view our website.
 

On behalf of the Board of Directors,

“Richard Goodwin”

Richard Goodwin
President and COO

Certain information regarding the Company including management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. The TSX Venture Exchange or its Regulation Services Provider have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbour.

Article source: http://www.otcmarkets.com/stock/FVGCF/news?id=34600

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