Fire River Gold Announces High Grade Gold Results, Nixon Fork Gold Mine, Alaska: 27 g/t (0.79 opt) Gold Over 24.0 m (78.7 ft)
News Release Highlights:
* 27 g/t (0.79 opt) gold over 24.0 m (78.7 ft) in hole N07U053
o including 30 g/t (0.89 opt) gold over 5.1 m (16.7 ft)
o including 82 g/t (2.40 opt) gold over 3.8 m (12.7 ft)
o including 58 g/t (1.68 opt) gold over 2.0 m (6.56 ft)
* 110 g/t (2.21 opt) gold over 6.7 m (22.0 ft) in hole N07U049
* 48 g/t (1.39 opt) gold over 2.1 m (6.8 ft) in hole N07U054
* Results pending for 28 additional underground holes and 7 additional surface holes
* 2010 drill campaign scheduled to begin late June
* Resource update Fall 2010
June 16, 2010. Vancouver, Canada – Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) (“FAU” or the “Company”) continues to announce high grade assay results from the ongoing re-evaluation program on its Nixon Fork Gold Mine Project in Alaska. The Company has received assay results and completed careful review of next 12 holes completed in 2007 (N07U0047 to N07058). New significant intercepts include N07U049 returning grades of 110 g/t (2.21 opt) gold over 6.7 metres (22.0 ft) and 27 g/t (0.79 opt) gold over 24.0 m (78.7 ft) in hole N07U53 including 30 g/t (0.89 opt) gold over 5.1 m (16.7 ft), including 82 g/t (2.40 opt) gold over 3.8 m (12.5 ft) and including 58 g/t (1.68 opt) Au over 2.0 metres (6.6 ft) as part of the ongoing geological re-evaluation program for the Nixon Fork Gold Mine Project in Alaska. A complete list of significant intercepts is provided in Table 2 for these 12 drill holes; it includes results of previously unreported drill holes.
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.
For additional details, please refer to FAU’s website: www.firerivergold.com under news, which include the results from the first 33 holes, the geological re-assessment program, historic site production, a description of the deposits, additional information on the QA/QC measures and a description of our planned 2010 exploration drilling program.
