Rainy River Announces Significant Infill Drilling Results
December 06 2010 - 8:00AM
Marketwired
Rainy River Resources Ltd. ("Rainy River" or the "Company") (TSX
VENTURE: RR) is pleased to announce drill results from the Rainy
River Gold Project in Northwestern Ontario.
To view the maps associated with this press release, please
click on the following link:
http://media3.marketwire.com/docs/rr125.pdf
Highlights
-- ODM Zone infill drilling intersects additional high-grade gold
mineralization
-- NR10-597 returns 7.1 g/t gold over 22.5 metres, including 159.3 g/t gold
over 0.5 metres
-- NR10-596 returns 6.4 g/t gold over 27.0 metres, including 82.8 g/t gold
over 1.5 metres
-- NR10-584 returns 5.2 g/t gold over 30.0 metres, including 80.4 g/t gold
over 1.5 metres
-- New shallow mineralization discovered in Cap Zone with 7.0 g/t gold over
3.0 metres in NR10-581
Results from all holes are summarized in Table 1: Summary of
Results, at the end of this release.
ODM Zone Drilling
The latest infill drilling in the ODM Zone returned several
thick intervals of gold mineralization at shallow depths, including
new areas of high-grade gold mineralization over narrow widths.
These intersections occur at vertical depths ranging from 241 to
296 metres, and include drill hole NR10-585 with 37.6 g/t gold over
3.0 metres, including 61.4 g/t gold over 1.5 metres, and drill hole
NR10-594 with a thick intersection of 2.8 g/t gold reported over
24.0 metres, including 29.4 g/t gold over 1.5 metres. Drill hole
NR10-585 also intersected 2.0 g/t gold over 37.5 metres at a
vertical depth of 273 metres below surface. All of these results
are expected to increase average grades within the conceptual open
pit.
The Company also received encouraging assay results from infill
drilling deeper within the ODM Zone, with a number of holes
intersecting thick widths of gold mineralization, bolstering the
potential for bulk underground mining. This includes drill hole
NR10-597, intersecting 7.1 g/t gold over 22.5 metres, including
159.3 g/t gold over 0.5 metres at a vertical depth of 539 metres
from surface. Drill hole NR10-596 similarly intersected high grades
and good widths, returning 6.4 g/t gold over 27 metres, including
82.8 g/t over 1.5 metres. Strong bulk-mining potential was further
demonstrated by drill hole NR10-584 with 5.2 g/t gold reported over
a width of 30.0 metres, including 80.4 g/t gold over 1.5 metres, at
a vertical depth of 434 metres.
Other notable assay results from the ODM zone include hole
NR10-598 with 10.8 g/t gold over 4.5 metres, including 28.6 g/t
gold over 1.5 metres at 383 metres below surface, and drill hole
NR10-600, which intersected 3.0 g/t gold over 16.6 metres at 405
metres below surface.
Cap Zone Drilling
Drill hole NR10-581 returned encouraging assays at shallow
depths from the Cap Zone, an area lying 300 metres south of the ODM
zone with limited exploration done to date, and the potential to
add additional resources. Results from drill hole NR10-581 include
7.2 g/t gold over 1.5 metres at a vertical depth of 91 metres, 7.0
g/t gold over 3.0 metres at a vertical depth of 141 metres, and 0.9
g/t gold over 9.0 metres, at a vertical depth of 163 metres.
Commentary
"The infill program has been very successful in demonstrating
the operational flexibility that the Rainy River Gold Project will
offer," commented Raymond Threlkeld, President & CEO. "We
continue to see higher grade results from the potential open pit
area and are encouraged to see new results from the Cap Zone, an
area we believe could quickly add shallow ounces to the current
resource base with further exploration."
Qualified persons
Rainy River's exploration program in Richardson Township is
being supervised by Kerry Sparkes, P.Geo. Vice-President
Exploration, a Qualified Person as defined by National Instrument
43-101. Garett Macdonald, P.Eng., is the person responsible for the
content of this news release. The Company continues to implement a
rigorous QA/QC program to ensure best practices in sampling and
analysis of drill core. The procedures of the QA/QC program are
detailed on Rainy River's website at
www.rainyriverresources.com.
About Rainy River
Rainy River is a Canadian precious metals exploration company
whose key asset is the Rainy River Gold Project. With approximately
$69 million in its treasury the Company is well funded to conduct a
dual-focused drilling program consisting of: (1) definition diamond
drilling of the main gold resources in preparation for scoping and
prefeasibility studies, and (2) selective diamond-drill testing of
high-priority gold targets defined primarily by RC drilling within
the large gold system centred in Richardson Township. The Company's
property is extremely well located in the southwestern corner of
Northern Ontario near the U.S. border. It is accessed by a network
of roads and is close to hydro-electric infrastructure. The Rainy
River district has a skilled labour force and is one of the
lowest-cost areas for mineral exploration and development in
Canada. Ontario has low political risk and, according to the annual
Fraser Institute global survey of the mining industry, has
consistently ranked as one of the top jurisdictions embracing
mineral development.
RAINY RIVER RESOURCES LTD.
Raymond Threlkeld, President & CEO
This release includes certain statements that may be deemed to
be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that management of the Company expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The
Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other
factors, should change. Factors that could cause actual results to
differ materially from those in forward-looking statements, include
market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
Table 1: Summary of Results
Vertical Depth From To
Hold-ID Section (m) (m) (m) Length Au g/t Zone
NR10569 425537 384 420.0 421.5 1.5 3.05 ODM
425541 440 486.0 487.5 1.5 3.16 ODM
-----------------------------------------------------------------
NR10581 425449 91 94.5 96.0 1.5 7.21 CAP
425450 141 148.5 151.5 3.0 6.97 CAP
425450 163 169.5 178.5 9.0 0.93 CAP
425468 421 468.0 469.5 1.5 5.55 ODM
425469 431 480.0 481.5 1.5 2.64 ODM
425470 444 493.5 498.0 4.5 1.68 ODM
425476 487 547.5 549.0 1.5 7.77 ODM
-----------------------------------------------------------------
NR10584 425407 399 443.0 444.5 1.5 13.68 ODM
425412 434 470.0 500.0 30.0 5.15 ODM
INCL 425412 434 483.5 485.0 1.5 80.36 ODM
425420 478 536.0 537.5 1.5 4.06 ODM
-----------------------------------------------------------------
NR10585 425407 241 265.5 268.5 3.0 37.61 ODM
INCL 425407 241 265.5 267.0 1.5 61.42 ODM
AND 425408 242 267.0 268.5 1.5 13.80 ODM
425410 273 283.5 321.0 37.5 2.02 ODM
INCL 425409 266 294.0 295.5 1.5 5.23 ODM
AND 425411 287 316.2 318.0 1.8 16.71 ODM
-----------------------------------------------------------------
NR10588 425686 301 326.5 340.0 13.5 1.19 17
-----------------------------------------------------------------
NR10590 425391 473 542.0 555.5 13.5 1.96 ODM
INCL 425392 477 554.0 555.5 1.5 7.55 ODM
425394 489 561.5 578.0 16.5 0.87 ODM
-----------------------------------------------------------------
NR10591 425374 433 466.5 486.0 19.5 1.13 ODM
425377 454 493.5 507.0 13.5 0.94 ODM
425379 471 513.0 526.5 13.5 0.71 ODM
425380 484 534.0 535.5 1.5 3.46 ODM
-----------------------------------------------------------------
NR10592 425484 326 358.5 366.0 7.5 2.90 ODM
INCL 425483 323 358.5 360.0 1.5 8.73 ODM
425485 347 385.3 387.0 1.7 3.30 ODM
-----------------------------------------------------------------
NR10593 425611 267 302.5 305.5 3.0 1.53 ODM HW
425618 318 353.0 373.0 20.0 0.77 ODM
425625 375 418.0 439.0 21.0 0.93 ODM
-----------------------------------------------------------------
NR10594 425589 233 264.5 266.0 1.5 3.03 ODM
425590 242 275.0 276.5 1.5 3.85 ODM
425592 256 287.0 297.5 10.5 1.49 ODM
425597 296 326.0 350.0 24.0 2.80 ODM
INCL 425597 295 336.5 338.0 1.5 29.37 ODM
-----------------------------------------------------------------
NR10596 425402 334 362.0 363.5 1.5 3.60 ODM HW
425405 392 426.5 429.5 3.0 7.32 ODM
INCL 425405 392 428.0 429.5 1.5 11.78 ODM
425407 421 449.0 476.0 27.0 6.37 ODM
INCL 425407 421 461.0 462.5 1.5 82.75 ODM
-----------------------------------------------------------------
NR10597 425347 537 624.5 647.0 22.5 7.10 ODM
INCL 425346 531 626.0 627.0 1.0 10.31 ODM
AND 425347 537 633.5 635.0 1.5 9.49 ODM
AND 425347 539 637.0 637.5 0.5 159.29 ODM
AND 425348 544 642.5 644.0 1.5 6.80 ODM
-----------------------------------------------------------------
NR10598 425549 331 363.5 372.5 9.0 1.26 ODM
425555 372 413.0 420.5 7.5 2.10 ODM
INCL 425555 372 416.0 417.5 1.5 6.39 ODM
425557 384 429.5 434.0 4.5 10.79 ODM
INCL 425557 383 429.5 431.0 1.5 28.59 ODM
425558 395 444.5 446.0 1.5 3.18 ODM
425562 420 474.5 476.0 1.5 4.63 HS
-----------------------------------------------------------------
NR10600 425489 324 357.5 359.0 1.5 3.29 ODM
425491 340 375.5 377.0 1.5 5.24 ODM
425500 405 443.0 459.6 16.6 3.04 ODM
INCL 425499 399 443.0 444.5 1.5 7.96 ODM
AND 425500 403 447.5 449.0 1.5 8.79 ODM
AND 425500 408 453.5 455.0 1.5 6.41 ODM
-----------------------------------------------------------------
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Rainy River Resources Ltd. Liz Caridi Director of
Investor Relations and Corporate Governance (604) 639-4497
lcaridi@rainyriverresources.com www.rainyriverresources.com
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