Fire River Gold Announces 144 g/t (4.2 opt) Gold over 2.5 m (8.2 ft) Nixon Fork, Alaska
* 144 g/t (4.2 opt) gold over 2.5 m ( 8.2 ft) in hole N07U065
o including 508 g/t gold over 0.7 m (2.3 ft)
* 108 g/t (3.15 opt) gold over 3.0 metres (9.8 ft) in hole N07U063
* Results pending for 22 additional underground holes and 7 additional surface holes
* 2010 drill campaign scheduled to begin early July
* Resource update Fall 2010
July 6, 2010. Vancouver, Canada – Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) (“FAU” or the “Company”) is pleased to announce continued high grade gold results of 144 (4.2 opt) gold over 2.5 metres (8.2 ft) in hole N07U065 from the ongoing re-evaluation program on the Nixon Fork Gold Mine Project in Alaska. The Company has received assay results and completed careful review of two holes completed in 2007 (N07U063 to N07U065). New significant intercepts include 108 g/t (3.15 opt) gold over 3.0 metres (9.8 ft) in hole N07U063 and 144 g/t (4.2 opt) gold over 2.5 m (8.2 ft) in hole N07U065 including 508 g/t (14.8 opt) gold over 0.7 metres (2.3 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 1. for these two 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.
Because the 2007 and 2008 results were not formerly reported, a careful review was initiated by FAU of all quality control and quality assurance procedures used by the former operator. Although original check assays from the 2007 drill program were not documented, it is clear that certified standards were used. The re-sampling program of the 2007 drill core is essentially a modified field duplicate exercise of the original assay results.
The re-sampling of the remaining half-cores were fully analyzed except in rare cases where quarter-cores were used. Sampling of core-duplicates as compared to FAU’s pulp-duplicates can produce a high degree of variability in the results due to the “nugget effect” of gold mineralization that occurs at Nixon Fork. This nugget effect was clearly evident in the bonanza grades reported for the 2008 drilling.
Every effort has been made to replicate the previous sample intervals except when a previous sample crossed a lithological or mineralized boundary. In these cases the new 2010 samples were terminated at such boundaries. The differences in lengths of the intervals may account for some of the variability in gold grades. In general, the assays are in conformity, especially for a comparison of field duplicate samples in a high-grade, coarse gold system.
Re-logging and sampling of the historic core is of critical importance to understanding the controls of gold mineralization as well as gaining confidence in the high grades. The differences in grades shown are typical of high grade, gold deposits with a significant nugget distribution.
For additional details, please refer to FAU’s website at www.firerivergold.com in the section titled “news” which includes the results from the first group of drill holes; additional information about the geological re-assessment program; information about 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.
