RAINY RIVER RESOURCES - GOLD, SILBER,KUPFER,ZINK - 500 Beiträge pro Seite
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Overview
Location: 80 kilometres south of Kenora in northwestern Ontario.
Ownership: 100% Rainy River Resources Ltd.
Size: 20,000 acres in unpatented mining claims, purchased patents (mining and/or surface rights), mining lease.
Highlights:
Nuinsco Resources Limited assembled and expended $11 million on large land package between 1994 and 2004.
Nuincso outlined a gold resource for the #17 Gold Zone:
Indicated resource: 1.736 Mt at 1.558 g/t Au, 0.030% Cu, 0.212% Zn, 4.0 g/t Ag
Inferred resource: 11.025 Mt at 1.329 g/t Au, 0.015% Cu, 0.198% Zn, 3.6 g/t Ag
(Nuinsco News Release, May 2004).
#433 Gold Zone (Nuinsco) open in all directions.
Discovery potential for multiple gold rich VMS deposits.
Current work outlined several new targets and extensions to the known zones.
Largest till anomaly from RC drilling in Canada.
Recent RC work intersects bedrock sample grading over 7.0 g/t gold.
Strong technical team assembled to explore the project.
Current Work: GIS database, reverse circulation drill program, core logging and infill sampling of Nuinsco's drill core.
Moving Forward: Phase One diamond drill campaign will test several new targets arising from current work, down plunge extensions of high grade shoots in the #17 Gold Zone and extensions of the 433 Gold Zone. Drill program commenced September 21, 2005.
* The resource and estimates, stated by Nuinsco to be 43-101 compliant, are historical in nature, have not been verified by the Company's QP and should not be relied upon; however, Rainy River believes that these historical estimates are relevant.
http://www.rainyriverresources.com/s/Home.asp
Location: 80 kilometres south of Kenora in northwestern Ontario.
Ownership: 100% Rainy River Resources Ltd.
Size: 20,000 acres in unpatented mining claims, purchased patents (mining and/or surface rights), mining lease.
Highlights:
Nuinsco Resources Limited assembled and expended $11 million on large land package between 1994 and 2004.
Nuincso outlined a gold resource for the #17 Gold Zone:
Indicated resource: 1.736 Mt at 1.558 g/t Au, 0.030% Cu, 0.212% Zn, 4.0 g/t Ag
Inferred resource: 11.025 Mt at 1.329 g/t Au, 0.015% Cu, 0.198% Zn, 3.6 g/t Ag
(Nuinsco News Release, May 2004).
#433 Gold Zone (Nuinsco) open in all directions.
Discovery potential for multiple gold rich VMS deposits.
Current work outlined several new targets and extensions to the known zones.
Largest till anomaly from RC drilling in Canada.
Recent RC work intersects bedrock sample grading over 7.0 g/t gold.
Strong technical team assembled to explore the project.
Current Work: GIS database, reverse circulation drill program, core logging and infill sampling of Nuinsco's drill core.
Moving Forward: Phase One diamond drill campaign will test several new targets arising from current work, down plunge extensions of high grade shoots in the #17 Gold Zone and extensions of the 433 Gold Zone. Drill program commenced September 21, 2005.
* The resource and estimates, stated by Nuinsco to be 43-101 compliant, are historical in nature, have not been verified by the Company's QP and should not be relied upon; however, Rainy River believes that these historical estimates are relevant.
http://www.rainyriverresources.com/s/Home.asp
A new area play developed around the gold discovery by Rainy River in north western Ontario. Bayswater Ventures, Western Warrior Resources, and Skyharbor Resources who all have properties in the neighbourhood have been injected with new life.
Early November the company reported a number of significant near surface drill intercepts from the new ODM zone were widespread visible gold was discovered on its 100% owned namesake gold project, located about 80 km south of Kenora in northwestern Ontario.
Shares of Rainy River more then doubled since the publication of these results.
The new ODM zone changes the economics of the project in a very positive way. After this discovery the market expect at least three million ounces of Gold and probably even more. With three drill rigs on the project, Rainy River is focusing on tracing the extent of its new ODM zone. Based on the widespread visible gold, Rainy River considers the ODM as a distinctly separate mineralized zone to the earlier discovered 17 zone. You can find a new 3D video following this link;
Early February the company reported the find of a new mineralized gold zone that may be part of the gold mineralization, previously reported in hole NR06-91, 100 meters up plunge, which interested two sub-zones grading 6.35 g/t Au over 6.0 meters and 10.75 g/t Au over 4.5 meters. The intersection occurs in an area where no historical drilling has taken place and the new zone is open in all directions. The 17 Zone now extends to a 1,000 meters in strike length.
This news followed drill results published January 17, some of the highlights
• NR06-121 intersects four gold intervals, the deepest below 1000-metre level
• NR06-132 intersects 9.81 g/t Au over 4.5 metres (17 Zone)
• NR06-125 intersects 1.12 g/t Au over 36.0 metres (17 Zone, east end)
Hole NR06-121, the most westerly of four deep holes drilled to date to confirm the vertical continuity of the gold mineralizing system, targeted the down plunge extension of the ODM Zone. This hole was successful in intersecting four separate gold intervals between 668.5 metres and 1360.0 metres, representing the deepest intersections recorded in the history of the property and demonstrating remarkable continuity of gold mineralization below previously tested depths along the 17 Gold Trend.
The intersection between 1355.7 to 1360.0 metres, grading 8.02 grams per tonne gold over 4.3 metres, lies approximately 800 metres down plunge from the impressive, high grade gold intervals previously released from the Company’s newest discovery, the ODM Zone. Due to the similar nature of both the host rock and gold mineralization between the ODM Zone and the deeper intersection in this hole, the exploration potential for a large gold resource is greatly enhanced.
Drill crews and field personnel have now mobilized at the site in preparation for the resumption of drilling using three rigs scheduled to begin January 16, 2007. Initially, drilling will focus on the definition of the ODM Zone, testing the 17 Gold Trend westerly toward the Beaver Pond Zone and defining the 433 Zone. As well, a recently completed down hole Pulse EM survey probing the four deep holes completed in the southern part of the property has highlighted a conductive response that may be caused by massive sulphides. This geophysical conductor will be drill tested.
Finally, several high priority gold and base metal targets have emerged from the Company’s systematic mapping and prospecting program conducted in the Off Lake area last summer.
The 100%-owned Rainy River Project is located 80 kilometers south of Kenora, Ontario in a region of low political risk, low exploration costs and excellent infrastructure. The location plan for all of the holes drilled by the Company in the 17 Zone and the ODM Zone has been posted on the Company's website and longitudinal and cross sections are expected to be available shortly.
Early November the company reported a number of significant near surface drill intercepts from the new ODM zone were widespread visible gold was discovered on its 100% owned namesake gold project, located about 80 km south of Kenora in northwestern Ontario.
Shares of Rainy River more then doubled since the publication of these results.
The new ODM zone changes the economics of the project in a very positive way. After this discovery the market expect at least three million ounces of Gold and probably even more. With three drill rigs on the project, Rainy River is focusing on tracing the extent of its new ODM zone. Based on the widespread visible gold, Rainy River considers the ODM as a distinctly separate mineralized zone to the earlier discovered 17 zone. You can find a new 3D video following this link;
Early February the company reported the find of a new mineralized gold zone that may be part of the gold mineralization, previously reported in hole NR06-91, 100 meters up plunge, which interested two sub-zones grading 6.35 g/t Au over 6.0 meters and 10.75 g/t Au over 4.5 meters. The intersection occurs in an area where no historical drilling has taken place and the new zone is open in all directions. The 17 Zone now extends to a 1,000 meters in strike length.
This news followed drill results published January 17, some of the highlights
• NR06-121 intersects four gold intervals, the deepest below 1000-metre level
• NR06-132 intersects 9.81 g/t Au over 4.5 metres (17 Zone)
• NR06-125 intersects 1.12 g/t Au over 36.0 metres (17 Zone, east end)
Hole NR06-121, the most westerly of four deep holes drilled to date to confirm the vertical continuity of the gold mineralizing system, targeted the down plunge extension of the ODM Zone. This hole was successful in intersecting four separate gold intervals between 668.5 metres and 1360.0 metres, representing the deepest intersections recorded in the history of the property and demonstrating remarkable continuity of gold mineralization below previously tested depths along the 17 Gold Trend.
The intersection between 1355.7 to 1360.0 metres, grading 8.02 grams per tonne gold over 4.3 metres, lies approximately 800 metres down plunge from the impressive, high grade gold intervals previously released from the Company’s newest discovery, the ODM Zone. Due to the similar nature of both the host rock and gold mineralization between the ODM Zone and the deeper intersection in this hole, the exploration potential for a large gold resource is greatly enhanced.
Drill crews and field personnel have now mobilized at the site in preparation for the resumption of drilling using three rigs scheduled to begin January 16, 2007. Initially, drilling will focus on the definition of the ODM Zone, testing the 17 Gold Trend westerly toward the Beaver Pond Zone and defining the 433 Zone. As well, a recently completed down hole Pulse EM survey probing the four deep holes completed in the southern part of the property has highlighted a conductive response that may be caused by massive sulphides. This geophysical conductor will be drill tested.
Finally, several high priority gold and base metal targets have emerged from the Company’s systematic mapping and prospecting program conducted in the Off Lake area last summer.
The 100%-owned Rainy River Project is located 80 kilometers south of Kenora, Ontario in a region of low political risk, low exploration costs and excellent infrastructure. The location plan for all of the holes drilled by the Company in the 17 Zone and the ODM Zone has been posted on the Company's website and longitudinal and cross sections are expected to be available shortly.
Rainy River Resources - RR.V $4.55
Feb 07, 2007
Discovery: Minimal three million ounces of gold in Canada
Market cap - Ca$ 195
Shares o.s - 43 million
Feb 07, 2007
Discovery: Minimal three million ounces of gold in Canada
Market cap - Ca$ 195
Shares o.s - 43 million
Rainy River's ODM Zone Continues to Record Wide Intervals of Impressive Gold Values and Remains Open Along Strike and Down Plunge
Thu Mar 15, 11:11 AM
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) - Nelson W. Baker, President of Rainy River Resources Ltd. (TSX VENTURE: RR.V) is pleased to report the results for seven additional drill holes recently completed in the ODM Zone which is located between the Company's Beaver Pond and 17 Zones. The Company has drilled a total of nineteen holes, including the seven holes reported on in this release, testing the ODM Zone from surface to the -300m level and for approximately 100 metres of strike length. Table II summarizes the results of the first fifteen holes released. Table I summarizes the gold intervals for the new holes NR06-138, NR06-139, NR06-140, NR06-141, NR06-142, NR06-143 and NR06-144. Detailed intervals will be posted on our website www.rainyriverresources.com shortly.
Hole NR06-138, the deepest hole down plunge to date (-300m) was successful in intersecting a 4.5 metre interval grading 22.64 g/t Au (uncut). Equally impressive was the intersection in NR06-143 consisting of 6.0 metres grading 8.65 g/t Au within a wider interval of 25.0 metres grading 2.67 g/t Au. This intersection is approximately 30 metres up plunge from the NR06-111 which cut 23.5 metres grading 10.63 g/t Au. The weighted average for all fifteen holes in Table II is 4.65 g/t Au with an average true thickness of 24.11 metres.
The Company's principal focus continues to be to drill test the 3 kilometre 17 Gold Trend at 60-metre centers between the ODM Zone and the West Zone, a distance of about 1.8 kilometers using the three drill rigs that are on site. Other high priority gold targets to be drilled will be the eastern extension of the 17 Zone and in the 433 Zone area.
The Company's 100%-owned Rainy River Project is located 80 kilometres south of Kenora, Ontario, a region of low political risk, low exploration costs and excellent infrastructure. The Company has implemented QA/QC (quality assurance/quality control) procedures for the Rainy River project. These QA/QC procedures have been described in detail in a news release dated December 4, 2006.
Mr. Baker, PEng., is the qualified person for the Rainy River Project and the person responsible for the contents for this release.
Nelson W. Baker, President
TABLE 1
ODM ZONE - SUMMARY OF MAIN INTERSECTIONS
NR06-138, 139, 140, 141, 142, 143, 144
NR06-138 dip -61 depth 656 metres (60 metres south of NR06-103)
2 gold zones intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 294.5 299.0 4.5 22.64
----------------------------------------------------------
Incl. 295.5 298.0 2.5 40.61 ODM Zone
----------------------------------------------------------
Zone 2 344.0 348.5 4.5 2.34
----------------------------------------------------------
NR06-139(i) dip -52 depth 301 metres (60 metres south of NR06-140)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 94.0 150.5 56.5 0.85
----------------------------------------------------------
Incl. 94.0 98.0 4.0 3.49
----------------------------------------------------------
(i)Note: This hole collared into the main gold zone therefore not
representative of true width of the zone.
NR06-140 dip -65 depth 302 metres (60 metres north of NR06-139)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 50.0 87.5 69.0 1.14
----------------------------------------------------------
NR06-141 dip -61 depth 351 metres (40 metres west of NR06-140)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 140.0 185.0 45.0 1.32 ODM Zone
----------------------------------------------------------
Incl. 149.0 151.5 1.5 6.60
----------------------------------------------------------
Incl. 156.5 164.0 7.5 2.40
----------------------------------------------------------
NR06-142 dip -61 depth 326.0 metres (60 metres north-northwest of NR06-105)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 83.0 131.0 52.5 1.57 ODM Zone
----------------------------------------------------------
Incl. 83.0 98.0 15.0 2.92
----------------------------------------------------------
Incl. 87.5 98.0 10.5 3.72
----------------------------------------------------------
NR06-143(i) dip -61 depth 300 metres (60 metres north of NR06-142)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 49.0 74.0 25.0 2.67 ODM Zone
----------------------------------------------------------
Incl. 49.0 55.0 6.0 8.65
----------------------------------------------------------
(i)Note: This hole collared into the main zone therefore not
representative of the true width of the zone.
NR06-144 dip -55 depth 350.0 metres (60 metres west of NR06-141)
1 broad gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 49.5 102.5 53.0 0.52
----------------------------------------------------------
Note: Based on the core angles measured, all core intervals listed in
Table 1 are estimated to true widths and all gold values are uncut.
TABLE II
ODM ZONE - SUMMARY OF DRILL INTERVALS TO DATE
---------------------------------------------
Hole # Au (g/t) Length (m)
---------------------------------------------
NR06-105(ii) 10.35 1.5
---------------------------------------------
NR06-106(ii) 5.42 43.0
---------------------------------------------
NR06-107(ii) 17.02 22.6
---------------------------------------------
NR06-109(ii) 1.35 34.5
---------------------------------------------
NR06-111(ii) 10.63 23.5
---------------------------------------------
NR06-112(ii) 1.44 12.0
---------------------------------------------
NR06-115(ii) 1.85 43.5
---------------------------------------------
NR06-117(ii) 18.68 13.5
---------------------------------------------
NR06-119(ii) 4.36 4.5
---------------------------------------------
NR06-133(ii) 1.34 64.5
---------------------------------------------
NR06-138(ii) 22.64 4.5
including(i) 40.61 2.5
---------------------------------------------
NR06-139(i) 1.92 10.0
---------------------------------------------
NR06-140(i) 1.14 69.0
---------------------------------------------
NR06-141(i) 1.32 45.0
---------------------------------------------
NR06-142(i) 1.57 52.5
---------------------------------------------
NR06-143(i) 8.65 6.0
including 2.67 25.0
---------------------------------------------
(ii) Previously released
(i) Not previously released
Note: Interval lengths are estimated to be true
widths and the gold grades are uncut
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts
Brad Baker
Rainy River Resources Ltd.
(604) 731-6900 ext. 248
Email: bwb@rainyriverresources.com
Website: www.rainyriverresources.com
Thu Mar 15, 11:11 AM
Email Story
IM Story
Printable View
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2007) - Nelson W. Baker, President of Rainy River Resources Ltd. (TSX VENTURE: RR.V) is pleased to report the results for seven additional drill holes recently completed in the ODM Zone which is located between the Company's Beaver Pond and 17 Zones. The Company has drilled a total of nineteen holes, including the seven holes reported on in this release, testing the ODM Zone from surface to the -300m level and for approximately 100 metres of strike length. Table II summarizes the results of the first fifteen holes released. Table I summarizes the gold intervals for the new holes NR06-138, NR06-139, NR06-140, NR06-141, NR06-142, NR06-143 and NR06-144. Detailed intervals will be posted on our website www.rainyriverresources.com shortly.
Hole NR06-138, the deepest hole down plunge to date (-300m) was successful in intersecting a 4.5 metre interval grading 22.64 g/t Au (uncut). Equally impressive was the intersection in NR06-143 consisting of 6.0 metres grading 8.65 g/t Au within a wider interval of 25.0 metres grading 2.67 g/t Au. This intersection is approximately 30 metres up plunge from the NR06-111 which cut 23.5 metres grading 10.63 g/t Au. The weighted average for all fifteen holes in Table II is 4.65 g/t Au with an average true thickness of 24.11 metres.
The Company's principal focus continues to be to drill test the 3 kilometre 17 Gold Trend at 60-metre centers between the ODM Zone and the West Zone, a distance of about 1.8 kilometers using the three drill rigs that are on site. Other high priority gold targets to be drilled will be the eastern extension of the 17 Zone and in the 433 Zone area.
The Company's 100%-owned Rainy River Project is located 80 kilometres south of Kenora, Ontario, a region of low political risk, low exploration costs and excellent infrastructure. The Company has implemented QA/QC (quality assurance/quality control) procedures for the Rainy River project. These QA/QC procedures have been described in detail in a news release dated December 4, 2006.
Mr. Baker, PEng., is the qualified person for the Rainy River Project and the person responsible for the contents for this release.
Nelson W. Baker, President
TABLE 1
ODM ZONE - SUMMARY OF MAIN INTERSECTIONS
NR06-138, 139, 140, 141, 142, 143, 144
NR06-138 dip -61 depth 656 metres (60 metres south of NR06-103)
2 gold zones intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 294.5 299.0 4.5 22.64
----------------------------------------------------------
Incl. 295.5 298.0 2.5 40.61 ODM Zone
----------------------------------------------------------
Zone 2 344.0 348.5 4.5 2.34
----------------------------------------------------------
NR06-139(i) dip -52 depth 301 metres (60 metres south of NR06-140)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 94.0 150.5 56.5 0.85
----------------------------------------------------------
Incl. 94.0 98.0 4.0 3.49
----------------------------------------------------------
(i)Note: This hole collared into the main gold zone therefore not
representative of true width of the zone.
NR06-140 dip -65 depth 302 metres (60 metres north of NR06-139)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 50.0 87.5 69.0 1.14
----------------------------------------------------------
NR06-141 dip -61 depth 351 metres (40 metres west of NR06-140)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 140.0 185.0 45.0 1.32 ODM Zone
----------------------------------------------------------
Incl. 149.0 151.5 1.5 6.60
----------------------------------------------------------
Incl. 156.5 164.0 7.5 2.40
----------------------------------------------------------
NR06-142 dip -61 depth 326.0 metres (60 metres north-northwest of NR06-105)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 83.0 131.0 52.5 1.57 ODM Zone
----------------------------------------------------------
Incl. 83.0 98.0 15.0 2.92
----------------------------------------------------------
Incl. 87.5 98.0 10.5 3.72
----------------------------------------------------------
NR06-143(i) dip -61 depth 300 metres (60 metres north of NR06-142)
1 gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 49.0 74.0 25.0 2.67 ODM Zone
----------------------------------------------------------
Incl. 49.0 55.0 6.0 8.65
----------------------------------------------------------
(i)Note: This hole collared into the main zone therefore not
representative of the true width of the zone.
NR06-144 dip -55 depth 350.0 metres (60 metres west of NR06-141)
1 broad gold zone intersected
----------------------------------------------------------
From To Length (m) g/t Au
----------------------------------------------------------
Zone 1 49.5 102.5 53.0 0.52
----------------------------------------------------------
Note: Based on the core angles measured, all core intervals listed in
Table 1 are estimated to true widths and all gold values are uncut.
TABLE II
ODM ZONE - SUMMARY OF DRILL INTERVALS TO DATE
---------------------------------------------
Hole # Au (g/t) Length (m)
---------------------------------------------
NR06-105(ii) 10.35 1.5
---------------------------------------------
NR06-106(ii) 5.42 43.0
---------------------------------------------
NR06-107(ii) 17.02 22.6
---------------------------------------------
NR06-109(ii) 1.35 34.5
---------------------------------------------
NR06-111(ii) 10.63 23.5
---------------------------------------------
NR06-112(ii) 1.44 12.0
---------------------------------------------
NR06-115(ii) 1.85 43.5
---------------------------------------------
NR06-117(ii) 18.68 13.5
---------------------------------------------
NR06-119(ii) 4.36 4.5
---------------------------------------------
NR06-133(ii) 1.34 64.5
---------------------------------------------
NR06-138(ii) 22.64 4.5
including(i) 40.61 2.5
---------------------------------------------
NR06-139(i) 1.92 10.0
---------------------------------------------
NR06-140(i) 1.14 69.0
---------------------------------------------
NR06-141(i) 1.32 45.0
---------------------------------------------
NR06-142(i) 1.57 52.5
---------------------------------------------
NR06-143(i) 8.65 6.0
including 2.67 25.0
---------------------------------------------
(ii) Previously released
(i) Not previously released
Note: Interval lengths are estimated to be true
widths and the gold grades are uncut
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contacts
Brad Baker
Rainy River Resources Ltd.
(604) 731-6900 ext. 248
Email: bwb@rainyriverresources.com
Website: www.rainyriverresources.com
May 29, 2007
Rainy Intersects 55.7 Metres Of 4.01 G/T Gold In "ODM Zone" And 10.05 Metres Of 2.87 G/T Gold In "East Zone"
Nelson W. Baker, President of Rainy River Resources Ltd. (RR.TSX-V) is pleased to report that the upper half of a 716 metre step-out drill hole, NR07-156, west and down-plunge of the ODM ZONE has successfully recorded the widest and strongest gold intersections released to date. Hole NR07-156, which was designed to test the ODM Zone approximately 90 metres down plunge from previously released hole NR07-138 (4.5 m grading 22.64 g/t Au) and 60 metres south of NR07-152 (44.50 m grading 1.12 g/t Au) was successful in intersecting a 55.7 metre true width interval grading 4.01 g/t Au (uncut) including a 27.8 metre true width interval of 7.20 g/t Au (uncut). This intersection is approximately at the -290 m level and now extends the 17 and ODM Zones for a continuous strike length of 1300 metres remaining open to the west and down plunge. At the time of this release, the results for the lower half of hole NR07-156 and several others were not available.
This news release also includes the results for hole NR07-162 drilled to test the up-plunge extension of the East Zone, the eastern extension of the 17 Zone. This hole intersected a 10.05 metre true width interval of 2.87 g/t Au (uncut) within a broad 125.6 metre gold interval grading 0.754 g/t Au. The details of all intervals for both holes are highlighted in Table 1, below.
In addition to tracing the limits of the 17 Gold Trend in both direction with three drill rigs, the Company has initiated a 30-hole reverse circulation basal till gold sampling program under the supervision of Overburden Drilling Management Limited. This RC program will be centered in the western part of the Company's Richardson Township property and is designed to generate other "hidden" gold targets that remain untested within the large 6 sq. km "gold in till" anomaly. As well, the Company has initiated a down hole IP (DHIP) survey program within the 17 and ODM Zones supervised by JVX Ltd. (Toronto), specialists in tracing large disseminated mineral zones under glacial cover.
The Quality Assurance and Quality Control (QA/QC) procedures and details followed by Rainy River can be viewed on its website http://www.rainyriverresources.com/s/QualityControl.asp.
Nelson W. Baker, P Eng., is the Qualified Person for the Rainy River Project and the person responsible for the contents of this news release.
Nelson W. Baker
President
For further information, please contact Brad Baker at (604) 731-6900 ext. 248 or by e-mail at bwb@rainyriverresources.com.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward looking statements.
Table 1
Selected Significant Results
Hole
From
(m)
To
(m)
Interval
(m)
Gold Grade
(g/t)(uncut)
ODM ZONE -280 M LEVEL
NR07-156
353.00
408.70
55.70
4.01
Including
353.00
381.70
28.70
7.20
Hole
From
(m)
To
(m)
Interval
(m)
Gold Grade
(g/t)(uncut)
EAST ZONE -300 M LEVEL
NR07-162
284.40
410.00
125.60
0.76
Including
363.50
392.00
28.50
1.89
Including
363.50
368.00
4.50
3.44
Including
381.95
392.00
10.05
2.87
Based on core angles logged in the above holes, all quoted interval thicknesses are considered to be true widths.
Rainy Intersects 55.7 Metres Of 4.01 G/T Gold In "ODM Zone" And 10.05 Metres Of 2.87 G/T Gold In "East Zone"
Nelson W. Baker, President of Rainy River Resources Ltd. (RR.TSX-V) is pleased to report that the upper half of a 716 metre step-out drill hole, NR07-156, west and down-plunge of the ODM ZONE has successfully recorded the widest and strongest gold intersections released to date. Hole NR07-156, which was designed to test the ODM Zone approximately 90 metres down plunge from previously released hole NR07-138 (4.5 m grading 22.64 g/t Au) and 60 metres south of NR07-152 (44.50 m grading 1.12 g/t Au) was successful in intersecting a 55.7 metre true width interval grading 4.01 g/t Au (uncut) including a 27.8 metre true width interval of 7.20 g/t Au (uncut). This intersection is approximately at the -290 m level and now extends the 17 and ODM Zones for a continuous strike length of 1300 metres remaining open to the west and down plunge. At the time of this release, the results for the lower half of hole NR07-156 and several others were not available.
This news release also includes the results for hole NR07-162 drilled to test the up-plunge extension of the East Zone, the eastern extension of the 17 Zone. This hole intersected a 10.05 metre true width interval of 2.87 g/t Au (uncut) within a broad 125.6 metre gold interval grading 0.754 g/t Au. The details of all intervals for both holes are highlighted in Table 1, below.
In addition to tracing the limits of the 17 Gold Trend in both direction with three drill rigs, the Company has initiated a 30-hole reverse circulation basal till gold sampling program under the supervision of Overburden Drilling Management Limited. This RC program will be centered in the western part of the Company's Richardson Township property and is designed to generate other "hidden" gold targets that remain untested within the large 6 sq. km "gold in till" anomaly. As well, the Company has initiated a down hole IP (DHIP) survey program within the 17 and ODM Zones supervised by JVX Ltd. (Toronto), specialists in tracing large disseminated mineral zones under glacial cover.
The Quality Assurance and Quality Control (QA/QC) procedures and details followed by Rainy River can be viewed on its website http://www.rainyriverresources.com/s/QualityControl.asp.
Nelson W. Baker, P Eng., is the Qualified Person for the Rainy River Project and the person responsible for the contents of this news release.
Nelson W. Baker
President
For further information, please contact Brad Baker at (604) 731-6900 ext. 248 or by e-mail at bwb@rainyriverresources.com.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward looking statements.
Table 1
Selected Significant Results
Hole
From
(m)
To
(m)
Interval
(m)
Gold Grade
(g/t)(uncut)
ODM ZONE -280 M LEVEL
NR07-156
353.00
408.70
55.70
4.01
Including
353.00
381.70
28.70
7.20
Hole
From
(m)
To
(m)
Interval
(m)
Gold Grade
(g/t)(uncut)
EAST ZONE -300 M LEVEL
NR07-162
284.40
410.00
125.60
0.76
Including
363.50
392.00
28.50
1.89
Including
363.50
368.00
4.50
3.44
Including
381.95
392.00
10.05
2.87
Based on core angles logged in the above holes, all quoted interval thicknesses are considered to be true widths.
July 17, 2007
Deep Intersection In Rainy'S 17 Zone Returns 16.5 M Grading 7.21 G/T Au And 14.0 M Grading 4.15 G/T Au In Same Hole And Off Lake Drilling Intersects Anomalous Polymetallic Mineralization
Nelson W. Baker, President of Rainy River resources Ltd. (RR.TSX-V) is pleased to provide the following update on the Company's 100%-owned Rainy River Project located 80 kilometers south of Kenora, Ontario. In Richardson Township, where three drills are actively tracing the limits of the 17 Gold Trend and the 433 Zone, Rainy is pleased to provide the complete assay results for a total of nine holes designed to test the depth potential of the 17, ODM and HS Zones between the 320 m and 520 m levels and the strike extensions of both the 433 and the 17 East Zones. In addition, this release summarizes all other exploratory work completed by the Company in the Off Lake area, 23 kilometers to the northeast.
Of the nine holes in Richardson Township, five intersected the 17 Zone East between surface and the 200 m level. Two holes tested the down plunge extension of the ODM and HS Zones at or below the 300 m level while one hole was drilled to test the central part of the 17 Zone 320 m below surface and the final hole cut the 433 Zone. A current longitudinal section for the 17 and ODM Zone will be posted on the Company's website (www.rainyriverresources.com) shortly.
HIGHLIGHTS
• NR07-176 (320 m level in central 17 Zone, deepest hole in section) intersects two separate gold intervals of 16.5 meters grading 7.21 grams per tonne and 14.0 meters grading 4.15 grams per tonne within a broad interval of 91.5 meters grading 2.31 grams per tonne.
• NR07-173 (320 m and 520 m levels in ODM Zone) intersects two separate gold intervals of 69.0 meters grading 0.51 grams per tonne and 5.8 meters grading 7.27 grams per tonne (deepest).
• NR07-169 (East Zone, near surface) intersects 0.70 meters grading 3.29% nickel and 0.84% copper in northeastern extension of 34 Zone and 7.0 meters grading 3.53 g/t Au.
• OL07-01,02,03 (Off Lake Area) intersect a broad intervals of anomalous zinc, silver, gold and lead values in sulphide-rich felsic volcanics similar to the Richardson Township mineralization.
The following summarizes the drill results from the nine Richardson Township holes zone-by-zone:
ODM AND HS ZONES EXTENDED DOWN PLUNGE:
NR07-173 was designed to test the ODM and HS Zones 60 m west and 80 m down plunge from the 55.7 m intersection grading 4.01 g/t Au recorded in NR07-156 and previously released on May 29, 2007. This 651-metre hole was successful in intersecting four separate gold intervals. Of significance, the bottom interval of 5.8 m (true width) grading 7.27 g/t Au at the 520 m level represents one of the deepest intersections to date in the ODM Zone area. This intersection is interpreted to be the down plunge extension of the HS Zone. A broader 54.0 m interval in NR07-173, considered to be the main ODM Zone because of the similar style of alteration and mineralization, returned 0.70 g/t Au.
NR07-174 was designed to test the ODM Zone 30 m east of NR07-156 and intersected a true width interval of 9.0 m grading 2.77 g/t Au. The complete analytical results for both holes are summarized in Table I appended to this release.
CENTRAL 17 ZONE (320 M LEVEL)
NR07-176 was drilled on section 7+50 West 50 m south of NR06-77 (1.5m of 55.60 g/t Au) in the central part of the 17 Zone at the 325 m level. Two separate true width intervals of 14.0 m grading 4.15 g/t Au (uncut) and 16.5 m grading 7.21 g/t Au (uncut) were intersected 43 m apart below this level. A broader 91.5 m interval, which includes that above intersections, graded 2.31 g/t Au (see Table I).
17 ZONE EAST (NEAR SURFACE)
NR07-164,NR07-166 and NR07-169 were drilled to intersect the upper part of the 17 Zone East between the 100 m and 200 m levels while NR07-160 and NR07-161 were designed to intersect this zone at the 300 m level. NR07-160 is located 30 m east of previously released NR07-137 (55.3 m of 1.96 g/t Au) while NR07-161 is 30 m west of NR07-136 (12.0 m of 7.16 g/t Au).
NR07-169 intersected 7.0m grading 3.53 g/t Au within a broader interval of 73.7m grading 0.73 g/t Au. Of significance, within this broad gold interval, a massive sulphide section consisting of pyrrhotite, pentlandite and chalcopyrite mineralization ran 3.29% nickel and 0.84% copper over a 0.7 m interval. This mineralization is considered to be near the northeastern limits of the 34 Zone nickel deposit which intrudes the 17 Zone. The Pd and Pt values for this intersection are pending. The detailed gold intervals for all holes are summarized in Table I, appended to this release.
433 ZONE
As reported in a previous release dated May 17, 2007, a fence of four north trending holes (NR-154, 155, 156 and 158) spaced 60 m apart were drilled to test the down plunge projection of the 433 Zone gold mineralization at about the 150 m level. The most westerly hole, NR07-158, intersected a 69.0 m true width horizon grading 0.51 g/t Au and a second interval 1.5 m thick grading 4.29 g/t Au. Results for the other three holes were previously released. NR07-157, 60 m east of NR07-158, recorded a 28.9m true width interval grading 5.19 g/t Au. A summary of all four holes is included in Table I.
SUMMARY OFF LAKE AREA EXPLORATION
During the summer of 2006 and in May 2007, a team of experienced prospectors discovered and subsequently traced an extensive area of mineralized pyroclastic rocks consisting of strong pyrite mineralization with visible sphalerite (Zn), galena (Pb) and malachite (Cu) staining associated with pyroclastic rocks, considered to be the same age as the Richardson Township volcanic event, centered in the Off Lake area approximately 23 kilometers to the northeast. Gold values as high as 8.0 g/t were recorded from grab samples collected by the prospectors.
Recently three, 150 m drill holes (OL07-1, 2, 3) were drilled to test three different surface showings discovered by the prospectors near local roads. All three holes were successful in intersecting broad intervals of mineralized pyroclastic rocks with anomalous base metal mineralization. In particular, OL07-01 intersected a 30-m mineralized interval with associated base metal sulphides with up to 2.2% Zn over 1.5 m, 1.03 % Zn over 4.5 m, and 2.20 g/t Au over 1.5 m with associated Pb.
More systematic drilling is planned for the Off Lake area following the completion of the on-going prospecting campaign. Three drill rigs are actively drilling in Richardson Township.
Nelson W. Baker, P.Eng., is the Qualified Person for the project and the person responsible for the contents of this news release.
Quality Control
Rainy River has implemented a quality control program to ensure best practice in sampling and analysis of the drill core. The procedures of the QA/QC program are detailed in Rainy's website at www.rainyriverresources.com.
Nelson W. Baker
President
Table 1
SUMMARY OF MAIN INTERSECTIONS
ODM & HS ZONES
---------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t)
---------------------------------------------
NR07-173 311.20 312.80 1.60 2.91
347.80 352.00 4,20 2.28
347.80 352.00 4.20 2.86
ODM (MAIN) 420.00 474.00 54.00 0.70
HS ZONE 643.70 649.50 5.80 7.27
NR07-174 391.50 400.50 9.00 2.77
---------------------------------------------
17 ZONE (CENTRAL-320 M LEVEL)
---------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t)
---------------------------------------------
NR07-176 362.00 453.50 91.50 2.31
Incl. 368.00 282.00 14.00 4.15
Incl. 425.00 441.50 16.50 7.21
---------------------------------------------
17 ZONE EAST (NEAR SURFACE)
--------------------------------------------------------
Hole From To Interval Gold Ni Cu
(m) (m) (m) (g/t) % %
--------------------------------------------------------
NR07-164 125.00 186.50 61.50 0.42
Incl. 182.00 186.50 4.50 2.67
NR07-166 207.50 224.00 16.50 1.86
NR07-160 267.50 281.00 13.50 0.86
Incl. 267.50 269.00 2.40 4.08
NR07-161 288.50 290.00 1.50 1.81
437.00 438.50 1.50 5.49
NR07-169 81.50 83.00 1.50 2.13
2nd Zone 220.00 287.00 67.00 0.77
Incl. 247.00 256.00 9.00 2.93
Incl. 249.00 256.00 7.00 3.53
Incl. 250.00 252.00 2.00 7.74
Ni-Cu 207.30 208.00 0.70 3.29 0.84
--------------------------------------------------------
433 ZONE
---------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t)
---------------------------------------------
*NR07-154 189.10 207.50 18.40 1.41
Including 204.50 207.50 3.00 4.47
*NR07-155 168.50 188.00 19.50 2.86
Including 173.00 188.00 15.00 3.38
180.50 188.00 7.50 3.82
*NR07-157 98.00 104.50 6.50 1.50
185.00 220.50 35.50 3.81
Including 186.50 215.40 28.90 5.19
240.50 272.00 31.50 0.42
NR07-158 216.50 285.50 69.00 0.51
311.00 312.50 1.50 4.29
---------------------------------------------
* Results previously reported
All widths and intervals are true width and all quoted gold grades are uncut.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward looking statements.
You can view the Previous News Releases item: Tue May 29, 2007, Rainy Intersects 55.7 Metres Of 4.01 G/T Gold In "ODM Zone" And 10.05 Metres Of 2.87 G/T Gold In "East Zone"
Deep Intersection In Rainy'S 17 Zone Returns 16.5 M Grading 7.21 G/T Au And 14.0 M Grading 4.15 G/T Au In Same Hole And Off Lake Drilling Intersects Anomalous Polymetallic Mineralization
Nelson W. Baker, President of Rainy River resources Ltd. (RR.TSX-V) is pleased to provide the following update on the Company's 100%-owned Rainy River Project located 80 kilometers south of Kenora, Ontario. In Richardson Township, where three drills are actively tracing the limits of the 17 Gold Trend and the 433 Zone, Rainy is pleased to provide the complete assay results for a total of nine holes designed to test the depth potential of the 17, ODM and HS Zones between the 320 m and 520 m levels and the strike extensions of both the 433 and the 17 East Zones. In addition, this release summarizes all other exploratory work completed by the Company in the Off Lake area, 23 kilometers to the northeast.
Of the nine holes in Richardson Township, five intersected the 17 Zone East between surface and the 200 m level. Two holes tested the down plunge extension of the ODM and HS Zones at or below the 300 m level while one hole was drilled to test the central part of the 17 Zone 320 m below surface and the final hole cut the 433 Zone. A current longitudinal section for the 17 and ODM Zone will be posted on the Company's website (www.rainyriverresources.com) shortly.
HIGHLIGHTS
• NR07-176 (320 m level in central 17 Zone, deepest hole in section) intersects two separate gold intervals of 16.5 meters grading 7.21 grams per tonne and 14.0 meters grading 4.15 grams per tonne within a broad interval of 91.5 meters grading 2.31 grams per tonne.
• NR07-173 (320 m and 520 m levels in ODM Zone) intersects two separate gold intervals of 69.0 meters grading 0.51 grams per tonne and 5.8 meters grading 7.27 grams per tonne (deepest).
• NR07-169 (East Zone, near surface) intersects 0.70 meters grading 3.29% nickel and 0.84% copper in northeastern extension of 34 Zone and 7.0 meters grading 3.53 g/t Au.
• OL07-01,02,03 (Off Lake Area) intersect a broad intervals of anomalous zinc, silver, gold and lead values in sulphide-rich felsic volcanics similar to the Richardson Township mineralization.
The following summarizes the drill results from the nine Richardson Township holes zone-by-zone:
ODM AND HS ZONES EXTENDED DOWN PLUNGE:
NR07-173 was designed to test the ODM and HS Zones 60 m west and 80 m down plunge from the 55.7 m intersection grading 4.01 g/t Au recorded in NR07-156 and previously released on May 29, 2007. This 651-metre hole was successful in intersecting four separate gold intervals. Of significance, the bottom interval of 5.8 m (true width) grading 7.27 g/t Au at the 520 m level represents one of the deepest intersections to date in the ODM Zone area. This intersection is interpreted to be the down plunge extension of the HS Zone. A broader 54.0 m interval in NR07-173, considered to be the main ODM Zone because of the similar style of alteration and mineralization, returned 0.70 g/t Au.
NR07-174 was designed to test the ODM Zone 30 m east of NR07-156 and intersected a true width interval of 9.0 m grading 2.77 g/t Au. The complete analytical results for both holes are summarized in Table I appended to this release.
CENTRAL 17 ZONE (320 M LEVEL)
NR07-176 was drilled on section 7+50 West 50 m south of NR06-77 (1.5m of 55.60 g/t Au) in the central part of the 17 Zone at the 325 m level. Two separate true width intervals of 14.0 m grading 4.15 g/t Au (uncut) and 16.5 m grading 7.21 g/t Au (uncut) were intersected 43 m apart below this level. A broader 91.5 m interval, which includes that above intersections, graded 2.31 g/t Au (see Table I).
17 ZONE EAST (NEAR SURFACE)
NR07-164,NR07-166 and NR07-169 were drilled to intersect the upper part of the 17 Zone East between the 100 m and 200 m levels while NR07-160 and NR07-161 were designed to intersect this zone at the 300 m level. NR07-160 is located 30 m east of previously released NR07-137 (55.3 m of 1.96 g/t Au) while NR07-161 is 30 m west of NR07-136 (12.0 m of 7.16 g/t Au).
NR07-169 intersected 7.0m grading 3.53 g/t Au within a broader interval of 73.7m grading 0.73 g/t Au. Of significance, within this broad gold interval, a massive sulphide section consisting of pyrrhotite, pentlandite and chalcopyrite mineralization ran 3.29% nickel and 0.84% copper over a 0.7 m interval. This mineralization is considered to be near the northeastern limits of the 34 Zone nickel deposit which intrudes the 17 Zone. The Pd and Pt values for this intersection are pending. The detailed gold intervals for all holes are summarized in Table I, appended to this release.
433 ZONE
As reported in a previous release dated May 17, 2007, a fence of four north trending holes (NR-154, 155, 156 and 158) spaced 60 m apart were drilled to test the down plunge projection of the 433 Zone gold mineralization at about the 150 m level. The most westerly hole, NR07-158, intersected a 69.0 m true width horizon grading 0.51 g/t Au and a second interval 1.5 m thick grading 4.29 g/t Au. Results for the other three holes were previously released. NR07-157, 60 m east of NR07-158, recorded a 28.9m true width interval grading 5.19 g/t Au. A summary of all four holes is included in Table I.
SUMMARY OFF LAKE AREA EXPLORATION
During the summer of 2006 and in May 2007, a team of experienced prospectors discovered and subsequently traced an extensive area of mineralized pyroclastic rocks consisting of strong pyrite mineralization with visible sphalerite (Zn), galena (Pb) and malachite (Cu) staining associated with pyroclastic rocks, considered to be the same age as the Richardson Township volcanic event, centered in the Off Lake area approximately 23 kilometers to the northeast. Gold values as high as 8.0 g/t were recorded from grab samples collected by the prospectors.
Recently three, 150 m drill holes (OL07-1, 2, 3) were drilled to test three different surface showings discovered by the prospectors near local roads. All three holes were successful in intersecting broad intervals of mineralized pyroclastic rocks with anomalous base metal mineralization. In particular, OL07-01 intersected a 30-m mineralized interval with associated base metal sulphides with up to 2.2% Zn over 1.5 m, 1.03 % Zn over 4.5 m, and 2.20 g/t Au over 1.5 m with associated Pb.
More systematic drilling is planned for the Off Lake area following the completion of the on-going prospecting campaign. Three drill rigs are actively drilling in Richardson Township.
Nelson W. Baker, P.Eng., is the Qualified Person for the project and the person responsible for the contents of this news release.
Quality Control
Rainy River has implemented a quality control program to ensure best practice in sampling and analysis of the drill core. The procedures of the QA/QC program are detailed in Rainy's website at www.rainyriverresources.com.
Nelson W. Baker
President
Table 1
SUMMARY OF MAIN INTERSECTIONS
ODM & HS ZONES
---------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t)
---------------------------------------------
NR07-173 311.20 312.80 1.60 2.91
347.80 352.00 4,20 2.28
347.80 352.00 4.20 2.86
ODM (MAIN) 420.00 474.00 54.00 0.70
HS ZONE 643.70 649.50 5.80 7.27
NR07-174 391.50 400.50 9.00 2.77
---------------------------------------------
17 ZONE (CENTRAL-320 M LEVEL)
---------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t)
---------------------------------------------
NR07-176 362.00 453.50 91.50 2.31
Incl. 368.00 282.00 14.00 4.15
Incl. 425.00 441.50 16.50 7.21
---------------------------------------------
17 ZONE EAST (NEAR SURFACE)
--------------------------------------------------------
Hole From To Interval Gold Ni Cu
(m) (m) (m) (g/t) % %
--------------------------------------------------------
NR07-164 125.00 186.50 61.50 0.42
Incl. 182.00 186.50 4.50 2.67
NR07-166 207.50 224.00 16.50 1.86
NR07-160 267.50 281.00 13.50 0.86
Incl. 267.50 269.00 2.40 4.08
NR07-161 288.50 290.00 1.50 1.81
437.00 438.50 1.50 5.49
NR07-169 81.50 83.00 1.50 2.13
2nd Zone 220.00 287.00 67.00 0.77
Incl. 247.00 256.00 9.00 2.93
Incl. 249.00 256.00 7.00 3.53
Incl. 250.00 252.00 2.00 7.74
Ni-Cu 207.30 208.00 0.70 3.29 0.84
--------------------------------------------------------
433 ZONE
---------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t)
---------------------------------------------
*NR07-154 189.10 207.50 18.40 1.41
Including 204.50 207.50 3.00 4.47
*NR07-155 168.50 188.00 19.50 2.86
Including 173.00 188.00 15.00 3.38
180.50 188.00 7.50 3.82
*NR07-157 98.00 104.50 6.50 1.50
185.00 220.50 35.50 3.81
Including 186.50 215.40 28.90 5.19
240.50 272.00 31.50 0.42
NR07-158 216.50 285.50 69.00 0.51
311.00 312.50 1.50 4.29
---------------------------------------------
* Results previously reported
All widths and intervals are true width and all quoted gold grades are uncut.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward looking statements.
You can view the Previous News Releases item: Tue May 29, 2007, Rainy Intersects 55.7 Metres Of 4.01 G/T Gold In "ODM Zone" And 10.05 Metres Of 2.87 G/T Gold In "East Zone"
!
Dieser Beitrag wurde moderiert. Grund: auf eigenen Wunsch des Users!
Dieser Beitrag wurde moderiert. Grund: auf eigenen Wunsch des Users
Antwort auf Beitrag Nr.: 31.019.232 von KNORPEL am 04.08.07 12:47:24MAN, bin ich heute doof
http://www.rainyriverresources.com/s/News.asp?ReportID=20029…
http://www.rainyriverresources.com/s/News.asp?ReportID=20029…
#17 Zone 3D Model===>>>http://www.rainyriverresources.com/i/media/2006-11-14_17Z3DM…
The #17 Zone was the first discovered by Nuinsco and, until the discovery of the ODM Zone by Rainy River in October 2006, it contained the best gold values discovered within the large gold anomaly in Richardson Township. It lies within a broad expanse of anomalous dacitic metavolcanics which average about 100 ppb gold. The mineralized gold zone varies from 40-140 metres wide and currently measures approximately 1.0 kilometre in strike length. Prior to Rainy River's acquisition of this property, the 17 Zone was tested by Nuinsco by diamond drilling for a strike length of about 800 metres, with drill holes generally spaced at 50 metre centers to a vertical depth ranging between 150-200 metres. As a result of this drilling, Nuinsco successfully defined a mineral deposit containing a potential 10-12 million tonnes grading 1-4 g/t Au, 0.01 -0.30 % Cu, 0.10 -- 0.30 % Zn and 2.0 -- 5.0 g/t Ag. This potential quantity and grade calculated and reported by Nuinsco was conceptual in nature because there was insufficient exploration to define a mineral resource in the 17 Zone. Although the Rainy River technical team was uncertain that further exploration of this target would delineate a mineral resource, it believed that the range of gold, silver, zinc and copper grades and the unusual size of the mineralized system were relevant to the propery's overall exploration potential.
In 2004, Nuinsco (Nuinsco News Release, May, 2004) prepared a 43-101 compliant resource estimate on the #17 Zone of:
Indicated resource: 1.736 Mt at 1.558 g/t Au, 0.030% Cu, 0.212% Zn, 4.0 g/t Ag.
Inferred resource: 11.025 Mt grading 1.329 g/t Au, 0.015% Cu, 0.198% Zn, 3.6 g/t Ag.
Rainy River is not treating this estimate as a current resource estimate and has not done the necessary work to verify this estimate. As a result of Rainy's due diligence program, the 17 Zone potential mineral deposit is currently being drilled at 30 metre centers to a depth of 300 metres to allow for the generation of a current resource. To date, the 17 Zone has been drilled for a 1.0 kilometer strike length where it trends into the ODM Zone to the west.
Preliminary metallurgical tests conducted for Nuinsco by Lakefield Research on the #17 Zone mineralization indicate that on find grind, the gold is free-milling and amenable to leaching with gold recoveries of up to 93% being achieved.
ODM Zone
The ODM Zone, named as a tribute to Overburden Drilling Management Limited, occurs within the same mineralized pyroclastic rocks that hosts the 17 Zone, and, in reality represent the western extension of the 17 Gold Trend. Compared to the 17 Zone, the ODM Zone appears to be more silicified (quartz flooding ?) and carries more visible gold. The weighted average of fifteen drill holes intersecting the ODM Zone between the subsurface and -- 300 m and over a strike length of 100 metres is 4.65 g/t Au over an average true thickness of 24.11 metres.
Diamond drilling is continuing to trace the zone westward toward the Beaver Pond Zone described below.
CORPORATE PRESENTATION===>>>http://www.rainyriverresources.com/2006-07_presentation/slid…<<<===SLIDESHOW
BEAVER POND Zone
Situated approximately 300 metres west of the ODM Zone along the 17 Gold Trend, the Beaver Pond Zone was discovered by reverse circulation till and bedrock sampling methods. Closely spaced reverse circulation drill holes, completed by Rainy River in 2005, defined a "gold dispersal train cut-off" which was subsequently diamond drilled. Drill hole NR05-09 was successful in intersecting a true width interval of 8.5 metres grading 5.98 g/t Au. As in the 17 and ODM Zones, the gold bearing interval in NR05-09 occurs in the same mineralized pyroclastic host rocks.
Closely spaced drilling is planned to define the limits of the Beaver Pond Zone.
WEST Zone
The West Zone is located 1.5 km west of the Beaver Pond Zone near the western edge of the 6.0 square kilometer "gold-in-bedrock" anomaly and extending the 17 Gold Trend to an interpreted strike length of 3.0 kilometers. Only two widely-spaced drill holes were drilled by Rainy River in late 2005 to test a gold dispersal train defined by reverse circulation till and bedrock sampling. For a first pass, both holes intersected elevated gold values in a similar stratigraphy to the Beaver Pond Zone. Holes NR05-12 and NR05-13 intersected 7.14 g/t Au over 1.1 metres and 17.04 g/t Au over 2.5 metres respectively.
#433 Zone
The #433 Zone is situated approximately 500 metres north of and stratigraphycally below the #17 Zone. This zone was tested previously by Nuinsco for a strike length of several hundred metres and to a depth of about 200 metres. In all, including Nuinsco's 11 diamond drill holes, a total 17 holes have tested this new gold zone. The mineralization, while similar in gold content to the #17 Zone, is more copper rich suggesting a possible overall zonation to the immense mineralized system evident on the property. This 433 Zone remains open in along strike and down plunge. A diamond drill program to test the down plunge extension of the 433 Zone mineralization has been planned for the summer of 2007.
Nickel-Copper-PGE Mineralization (#34 Zone)
During the course of drilling the eastern extension of the #17 Gold Zone in 1995, Nuinsco discovered massive and disseminated (net textured) Ni-Cu-PGE-Au-Ag-Co bearing sulphides within a mafic-ultramafic host rock. Economic grades returned from drilling include 2.44 g/t Au, 0.94% Cu, 1.31% Ni, 1.25 g/t Pt and 3.32 g/t Pd over 4.86 metres (drill hole NR95-34) and 0.54 g/t Au, 2.26% Cu, 3.81% Ni, 3.97 g/t Pt and 9.04 g/t Pd over 2.47 metres (drill hole NR96-51). The mineralization has been traced along a ~350 meter strike length. The sulphide zone as outlined is small and its width has not been determined, however mineralized autoclasts contained within the sulphide mineralization are texturally distinct from the enveloping host rock suggesting transport from a separate, as yet undiscovered and potentially larger mineralized source.
Aug 28, 2007: News Releases: Rainy River Project Update (more...)
Aug 02, 2007: News Releases: Rainy River Resources Ltd. Closes $35 Million Boug... (more...)
Aug 01, 2007: Research Reports: Rainy River is listed as one of the top ten potent... (more...)
Jul 17, 2007: News Releases: Deep Intersection In Rainy'S 17 Zone Returns 16.5 ... (more...)
Jun 30, 2007: Quarterly and Annual Reports: Quarterly Report for the Nine Months Ending June 3...
===>>>http://www.rainyriverresources.com/s/News.asp
KNRPEL
Rainy Discovers New Gold Zone in Step-Out Drill Hole
Monday October 15, 12:13 pm ET
NR07-189 Intersects 9.0 Metres Grading 6.64 g/t Au Within Wider Interval of 61.5 Metres Grading 1.77 g/t Au
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - Rainy River Resources Ltd. (TSX VENTURE:RR - News), a well-funded, experienced mineral exploration company with particular expertise in exploring for "blind" deposits in till-covered terrain, has discovered what appears to be a seventh gold zone in Richardson Township on Rainy's property 80 kilometres south of Kenora, Ontario. NR07-189, a 511-metre hole, was drilled to follow up an isolated, historical gold intersection in hole NR95-35 drilled by Nuinsco in 1995. Re-examination of the archived core showed that the Nuinsco intersection, 3.58 metres grading 21.83 g/t Au, occurs within a highly deformed, pyrite-bearing crystal tuff with a strong fragmental texture. Hole NR07-189 intersected 61.5 metres of similarly deformed crystal tuff grading 1.77 g/t Au and carrying sections of semi-massive sulphides consisting of pyrite, sphalerite and chalcopyrite in randomly oriented seams and veinlets. Within this 61.5 metre mineralized interval, a 9.0-metre section graded 6.64 g/t Au.
ADVERTISEMENT
The high pyrite content and strongly fragmental host rock distinguish the new zone from the 17 Zone and the new zone also appears to occur at a higher stratigraphic level (further south). As well, it lies nearly 500 metre beyond (east of) the 6 square kilometre area within which the subcropping bedrock surface beneath the till is anomalous in gold whereas the other six zones are all inside the anomalous area. Nelson W. Baker, President, commented that, "The discovery of this new gold zone at depth in an area previously considered to be unprospective clearly enhances the potential to significantly increase gold resources on the property."
In addition, this release provides the final results for holes NR07-184 and NR07-187, both successfully targeting the down plunge extension of the 17 Zone/ODM gold zones at about the 350 metre level. NR07-184 intersected three separate gold intervals with the widest being 7.5 metres grading 2.33 g/t Au. NR07-187, in the central part of the 17 Zone intersected 9.0 metres grading 4.42 g/t Au within a broader interval of 58.5 metres grading 1.24 g/t Au.
The details of all intervals for the three diamond drill holes are highlighted in Table I and an updated location plan will be posted on the Company's website www.rainyriverresources.com shortly. More than ten other holes have been completed and the core has been submitted to the lab for analysis. The Company anticipates more frequent drill results going forward.
The Quality Assurance and Quality Control (QA/QC) procedures followed by the Rainy River technical team is described in detail on its website at http://www.rainyriverresources.com/s/QualityControl.asp.
Nelson W. Baker, P. Eng., is the Qualified Person for the Rainy River Project and the person responsible for the contents of this news release.
About Rainy River Resources Ltd.
Rainy River is an exploration company focused on developing its 100% owned gold and base metal property which is located 80 km south of Kenora, northwestern Ontario. The property is open to year round exploration, including drilling, and has excellent infrastructure with ready access to railroads, highways and electrical power. To date over $13 million has been spent on the project by the Company and a NI 43-101 resource estimate is expected before year end. Currently there are four rigs on the property. Rainy River is projecting to spend $10 million by the end of 2008 and currently has more than $38 million dollars in the bank.
Nelson W. Baker, President
Table I
SUMMARY OF MAIN INTERSECTIONS
ODM ZONE (down plunge)
-----------------------------------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t) Target
-----------------------------------------------------------------------
NR07-184 12.50 16.00 3.50 1.99 ODM ZONE
31.50 35.00 3.50 2.96
380.00 444.50 64.50 0.89
Incl. 388.00 395.50 7.50 2.33
NR07-187 420.00 478.50 58.50 1.24 60m south of NR07-174
Incl. 439.50 448.50 9.00 4.42
604.40 643.50 39.10 0.73
-----------------------------------------------------------------------
NEW ZONE (SE of 17 Zone)
-----------------------------------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t) Target
-----------------------------------------------------------------------
NR07-189 435.50 496.00 61.50 1.77 Confirm Nuinsco intercept
Incl. 451.00 460.00 9.00 6.64
Note:
The interval widths quoted for the ODM Zone above are considered to be close to true width intersections whereas, due to the intense deformation logged in NR07-189, more drilling is required in this area before we are able to establish the true width of this zone.
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, including, without limitation, with respect to the use of proceeds of the Offering, 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.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
KNRPEL
Monday October 15, 12:13 pm ET
NR07-189 Intersects 9.0 Metres Grading 6.64 g/t Au Within Wider Interval of 61.5 Metres Grading 1.77 g/t Au
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - Rainy River Resources Ltd. (TSX VENTURE:RR - News), a well-funded, experienced mineral exploration company with particular expertise in exploring for "blind" deposits in till-covered terrain, has discovered what appears to be a seventh gold zone in Richardson Township on Rainy's property 80 kilometres south of Kenora, Ontario. NR07-189, a 511-metre hole, was drilled to follow up an isolated, historical gold intersection in hole NR95-35 drilled by Nuinsco in 1995. Re-examination of the archived core showed that the Nuinsco intersection, 3.58 metres grading 21.83 g/t Au, occurs within a highly deformed, pyrite-bearing crystal tuff with a strong fragmental texture. Hole NR07-189 intersected 61.5 metres of similarly deformed crystal tuff grading 1.77 g/t Au and carrying sections of semi-massive sulphides consisting of pyrite, sphalerite and chalcopyrite in randomly oriented seams and veinlets. Within this 61.5 metre mineralized interval, a 9.0-metre section graded 6.64 g/t Au.
ADVERTISEMENT
The high pyrite content and strongly fragmental host rock distinguish the new zone from the 17 Zone and the new zone also appears to occur at a higher stratigraphic level (further south). As well, it lies nearly 500 metre beyond (east of) the 6 square kilometre area within which the subcropping bedrock surface beneath the till is anomalous in gold whereas the other six zones are all inside the anomalous area. Nelson W. Baker, President, commented that, "The discovery of this new gold zone at depth in an area previously considered to be unprospective clearly enhances the potential to significantly increase gold resources on the property."
In addition, this release provides the final results for holes NR07-184 and NR07-187, both successfully targeting the down plunge extension of the 17 Zone/ODM gold zones at about the 350 metre level. NR07-184 intersected three separate gold intervals with the widest being 7.5 metres grading 2.33 g/t Au. NR07-187, in the central part of the 17 Zone intersected 9.0 metres grading 4.42 g/t Au within a broader interval of 58.5 metres grading 1.24 g/t Au.
The details of all intervals for the three diamond drill holes are highlighted in Table I and an updated location plan will be posted on the Company's website www.rainyriverresources.com shortly. More than ten other holes have been completed and the core has been submitted to the lab for analysis. The Company anticipates more frequent drill results going forward.
The Quality Assurance and Quality Control (QA/QC) procedures followed by the Rainy River technical team is described in detail on its website at http://www.rainyriverresources.com/s/QualityControl.asp.
Nelson W. Baker, P. Eng., is the Qualified Person for the Rainy River Project and the person responsible for the contents of this news release.
About Rainy River Resources Ltd.
Rainy River is an exploration company focused on developing its 100% owned gold and base metal property which is located 80 km south of Kenora, northwestern Ontario. The property is open to year round exploration, including drilling, and has excellent infrastructure with ready access to railroads, highways and electrical power. To date over $13 million has been spent on the project by the Company and a NI 43-101 resource estimate is expected before year end. Currently there are four rigs on the property. Rainy River is projecting to spend $10 million by the end of 2008 and currently has more than $38 million dollars in the bank.
Nelson W. Baker, President
Table I
SUMMARY OF MAIN INTERSECTIONS
ODM ZONE (down plunge)
-----------------------------------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t) Target
-----------------------------------------------------------------------
NR07-184 12.50 16.00 3.50 1.99 ODM ZONE
31.50 35.00 3.50 2.96
380.00 444.50 64.50 0.89
Incl. 388.00 395.50 7.50 2.33
NR07-187 420.00 478.50 58.50 1.24 60m south of NR07-174
Incl. 439.50 448.50 9.00 4.42
604.40 643.50 39.10 0.73
-----------------------------------------------------------------------
NEW ZONE (SE of 17 Zone)
-----------------------------------------------------------------------
Hole From To Interval Gold
(m) (m) (m) (g/t) Target
-----------------------------------------------------------------------
NR07-189 435.50 496.00 61.50 1.77 Confirm Nuinsco intercept
Incl. 451.00 460.00 9.00 6.64
Note:
The interval widths quoted for the ODM Zone above are considered to be close to true width intersections whereas, due to the intense deformation logged in NR07-189, more drilling is required in this area before we are able to establish the true width of this zone.
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, including, without limitation, with respect to the use of proceeds of the Offering, 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.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
KNRPEL
Rainy River Further Increases Land Position
Friday October 26, 5:22 pm ET
===>>>http://biz.yahoo.com/ccn/071026/200710260421589001.html?.v=1
KNRPEL
Friday October 26, 5:22 pm ET
===>>>http://biz.yahoo.com/ccn/071026/200710260421589001.html?.v=1
KNRPEL
Rainy River Grants Stock Options
Wednesday October 31, 6:10 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News), announces that the Company has granted a total of 510,000 stock options to directors, officers, employees and consultants in accordance with the Company's stock option plan. Each option is exercisable into one common share of the Company for a period of two years at the price of $4.25. Any shares acquired upon exercise during the first 4 months of the term of the options will be subject to a hold period expiring on March 1, 2008.
KNRPEL
Wednesday October 31, 6:10 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News), announces that the Company has granted a total of 510,000 stock options to directors, officers, employees and consultants in accordance with the Company's stock option plan. Each option is exercisable into one common share of the Company for a period of two years at the price of $4.25. Any shares acquired upon exercise during the first 4 months of the term of the options will be subject to a hold period expiring on March 1, 2008.
KNRPEL
Antwort auf Beitrag Nr.: 32.226.023 von KNORPEL am 31.10.07 23:34:32Rainy River Announces Correction to Option Exercise Price
Thursday November 1, 1:00 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News) announces a correction to yesterday's news release which stated that the Company has granted a total of 510,000 stock options to directors, officers, employees and consultants in accordance with the Company's stock option plan. Each option is exercisable into one common share of the Company for a period of two years at the price of $5.25, rather than $4.25 as was stated in yesterday's release. Any shares acquired upon exercise during the first 4 months of the term of the options will be subject to a hold period expiring on March 1, 2008.
Thursday November 1, 1:00 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News) announces a correction to yesterday's news release which stated that the Company has granted a total of 510,000 stock options to directors, officers, employees and consultants in accordance with the Company's stock option plan. Each option is exercisable into one common share of the Company for a period of two years at the price of $5.25, rather than $4.25 as was stated in yesterday's release. Any shares acquired upon exercise during the first 4 months of the term of the options will be subject to a hold period expiring on March 1, 2008.
Rainy Drilling on ODM/17 Zone Continues to Intersect Strong Gold Intervals 11.5 Metres Grading 5.37 Grams Per Tonne Gold (ODM Zone) 8.0 Metres Grading 5.50 Grams Per Tonne Gold (17 Zone East)
===>>>http://biz.yahoo.com/ccn/071113/200711130425140001.html?.v=1
KNRPEL
===>>>http://biz.yahoo.com/ccn/071113/200711130425140001.html?.v=1
KNRPEL
November 28, 2007
Two Deep Holes Below 400 M Level In Rainy'S 17/Odm Zone Intersect 22.0 M Grading 4.29 G/T Au And 9.6 M Grading 4.15 G/T Au Within Wide Mineralized Intervals
===>>>http://www.rainyriverresources.com/s/News.asp?ReportID=27471…
KNRPEL
Two Deep Holes Below 400 M Level In Rainy'S 17/Odm Zone Intersect 22.0 M Grading 4.29 G/T Au And 9.6 M Grading 4.15 G/T Au Within Wide Mineralized Intervals
===>>>http://www.rainyriverresources.com/s/News.asp?ReportID=27471…
KNRPEL
Rainy River Launches Ground Based Geophysical Surveys Designed to Penetrate Local Till Cover and Identify "Hidden" Massive Sulphide Bodies
Monday December 10, 1:02 pm ET
===>>>http://biz.yahoo.com/ccn/071210/200712100430591001.html?.v=1
KNRPEL
Monday December 10, 1:02 pm ET
===>>>http://biz.yahoo.com/ccn/071210/200712100430591001.html?.v=1
KNRPEL
Rainy River and Western Warrior enter into option agreement covering a 9,276 hectare claim block in Off Lake area adjacent to new gold-bearing base metal discovery
Monday December 17, 8:30 am ET
===>>>http://biz.yahoo.com/cnw/071217/rainy_western_war.html?.v=1
KNRPEL
Monday December 17, 8:30 am ET
===>>>http://biz.yahoo.com/cnw/071217/rainy_western_war.html?.v=1
KNRPEL
Gruß KNRPEL
und nen guten Rutsch ins "NEUE"
Rainy River Reports Results of 11 Drill Holes Completed Prior to Holiday Period (2007) in Richardson Twp., Northwestern Ontario
Monday January 21, 4:00 am ET
NR07-198 (Cap Trend) Intersects 12.0 M Grading 8.93 g/t Au, 75.34 g/t Ag
NR07-207 (ODM Zone) Intersects 9.0 M Grading 9.06 g/t Au
===>>>http://biz.yahoo.com/ccn/080121/200801210437203001.html?.v=1
KNRPEL
Monday January 21, 4:00 am ET
NR07-198 (Cap Trend) Intersects 12.0 M Grading 8.93 g/t Au, 75.34 g/t Ag
NR07-207 (ODM Zone) Intersects 9.0 M Grading 9.06 g/t Au
===>>>http://biz.yahoo.com/ccn/080121/200801210437203001.html?.v=1
KNRPEL
433 Zone Drilling Update; Rainy Records Another Impressive Gold Intersection
Tuesday January 29, 4:00 am ET
51.0 m grading 3.78 g/t Au including 5.3 m grading 30.39 g/t Au
===>>>http://biz.yahoo.com/ccn/080129/200801290438793001.html?.v=1
KNRPEL
Tuesday January 29, 4:00 am ET
51.0 m grading 3.78 g/t Au including 5.3 m grading 30.39 g/t Au
===>>>http://biz.yahoo.com/ccn/080129/200801290438793001.html?.v=1
KNRPEL
Rainy River Increases Land Position
Friday January 25, 1:23 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News) is pleased to report that the Company has added two additional parcel to its sizable land package in the Rainy River district of northwestern Ontario.
The Company has entered into two separate option agreements to earn a 100% interest in certain patented mineral rights totalling approximately 160 acres in Richardson Township. In consideration, the vendors will receive total cash payments of $200,000 ($100,000 each) and will be issued a total of 100,000 shares (50,000 each) over a five year period. This option agreement is subject to acceptance by the TSX Venture Exchange.
Nelson W. Baker, President
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, including 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.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
KNRPEL
Friday January 25, 1:23 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News) is pleased to report that the Company has added two additional parcel to its sizable land package in the Rainy River district of northwestern Ontario.
The Company has entered into two separate option agreements to earn a 100% interest in certain patented mineral rights totalling approximately 160 acres in Richardson Township. In consideration, the vendors will receive total cash payments of $200,000 ($100,000 each) and will be issued a total of 100,000 shares (50,000 each) over a five year period. This option agreement is subject to acceptance by the TSX Venture Exchange.
Nelson W. Baker, President
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, including 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.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
KNRPEL
• 433 Zone Drilling Update Rainy's NR07-218 Intersects Highest Gold Values Recorded to Date
CCNMatthews (Thu 12:02pm)
• Positive Metallurgical Report for Rainy River's 17/ODM Zone
CCNMatthews (Wed, Feb 13)
• 433 Zone Drilling Update; Rainy Records Another Impressive Gold Intersection
CCNMatthews (Tue, Jan 29)
===>>>http://finance.yahoo.com/q?s=RR.V
KNRPEL
CCNMatthews (Thu 12:02pm)
• Positive Metallurgical Report for Rainy River's 17/ODM Zone
CCNMatthews (Wed, Feb 13)
• 433 Zone Drilling Update; Rainy Records Another Impressive Gold Intersection
CCNMatthews (Tue, Jan 29)
===>>>http://finance.yahoo.com/q?s=RR.V
KNRPEL
March 19, 2008
Rainy's Deepest Hole (NR07-198) Intersects 12 Separate Gold Intervals
March 18, 2008
Rainy River'S 433 Gold Zone Demonstrates Strong Continuity Along Strike And At Depth
February 28, 2008
Rainy River Announces Initial Resource Estimate for the 17/ODM, 433 and CAP Zones in Richardson Township, Northwestern Ontario
===>>>http://www.rainyriverresources.com/s/News.asp
KNRPEL
Rainy's Deepest Hole (NR07-198) Intersects 12 Separate Gold Intervals
March 18, 2008
Rainy River'S 433 Gold Zone Demonstrates Strong Continuity Along Strike And At Depth
February 28, 2008
Rainy River Announces Initial Resource Estimate for the 17/ODM, 433 and CAP Zones in Richardson Township, Northwestern Ontario
===>>>http://www.rainyriverresources.com/s/News.asp
KNRPEL
Rainy River Reports Further Drill Results From Richardson Township: 433 Zone Extended to 350 m Along Strike and 300 m Depth
Tuesday April 22, 8:00 am ET
NR08-228 intersects 21.13 g/t Au over 4.8 m
NR08-229 intersects 4.43 g/t Au over 24.0 m
NR08-237 intersects 2.37 g/t Au over 33.0 m
===>>>http://biz.yahoo.com/ccn/080422/200804220456435001.html?.v=1
KNRPEL
Tuesday April 22, 8:00 am ET
NR08-228 intersects 21.13 g/t Au over 4.8 m
NR08-229 intersects 4.43 g/t Au over 24.0 m
NR08-237 intersects 2.37 g/t Au over 33.0 m
===>>>http://biz.yahoo.com/ccn/080422/200804220456435001.html?.v=1
KNRPEL
CORRECTION FROM SOURCE: Rainy River to Drill New Goldbearing Base Metal Targets in the Off Lake Area, Northwestern Ontario
Wednesday April 30, 3:02 pm ET
===>>>http://biz.yahoo.com/ccn/080430/200804300458594001.html?.v=2
KNRPEL
Wednesday April 30, 3:02 pm ET
===>>>http://biz.yahoo.com/ccn/080430/200804300458594001.html?.v=2
KNRPEL
Rainy River Reports Wide, High-Grade Gold Intersection in 433 Zone
Tuesday May 27, 8:01 am ET
NR08-250 Intersects 18.0m Grading 7.61 g/t Au 450 m Below Surface
===>>>http://biz.yahoo.com/ccn/080527/200805270464342001.html?.v=1
KNRPEL
Tuesday May 27, 8:01 am ET
NR08-250 Intersects 18.0m Grading 7.61 g/t Au 450 m Below Surface
===>>>http://biz.yahoo.com/ccn/080527/200805270464342001.html?.v=1
KNRPEL
Rainy River Reports Wide, Near-Surface Gold Interval From 17/ODM Zone
Monday June 2, 6:00 am ET
NR08-253 Intersects 64.5 m Grading 2.58 g/t Au
Table I
From To Width Au
Hole (m) (m) (m) (g/t) Trend
NR08-242___ 236.5 ___ 1.5 ___ 15.04 HS Trend
NR08-253___ 132.5___197.0 ___ 64.5 ___ 2.58 17/ODM
Including 132.5___ 144.5 ___ 8.0 ___ 7.40 17/ODM (upper)
Including 194.0 ___ 197.0 ___ 3.0 ___ 7.42 17/ODM (lower)
Note: All intersected widths are estimated to be true width intervals and
all gold values listed above are uncut.
===>>>http://biz.yahoo.com/ccn/080602/200806020465675001.html?.v=1
KNRPEL
Monday June 2, 6:00 am ET
NR08-253 Intersects 64.5 m Grading 2.58 g/t Au
Table I
From To Width Au
Hole (m) (m) (m) (g/t) Trend
NR08-242___ 236.5 ___ 1.5 ___ 15.04 HS Trend
NR08-253___ 132.5___197.0 ___ 64.5 ___ 2.58 17/ODM
Including 132.5___ 144.5 ___ 8.0 ___ 7.40 17/ODM (upper)
Including 194.0 ___ 197.0 ___ 3.0 ___ 7.42 17/ODM (lower)
Note: All intersected widths are estimated to be true width intervals and
all gold values listed above are uncut.
===>>>http://biz.yahoo.com/ccn/080602/200806020465675001.html?.v=1
KNRPEL
Rainy River Grants Stock Options
Friday June 6, 5:53 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News) is pleased to announce it has granted a total of 150,000 stock options to an officer and a consultant of the Company in accordance with the Company's stock option plan. Each option is exercisable into one common share of the Company for a period of five years at the price of $4.50. Any shares acquired upon exercise during the first 4 months of the term of the options will be subject to a hold period expiring on October 6, 2008.
KNRPEL
Friday June 6, 5:53 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News) is pleased to announce it has granted a total of 150,000 stock options to an officer and a consultant of the Company in accordance with the Company's stock option plan. Each option is exercisable into one common share of the Company for a period of five years at the price of $4.50. Any shares acquired upon exercise during the first 4 months of the term of the options will be subject to a hold period expiring on October 6, 2008.
KNRPEL
Rainy River Resources Ltd.: More Wide Gold Intervals Near Surface in 17/ODM Zone
Tuesday June 10, 7:01 am ET
NR08-252 Intersects 63.3 m Grading 2.57 g/t Au
NR08-251 Intersects 58.5 m Grading 1.44 g/t Au
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News), is pleased to report results for two additional north trending drill holes recently completed in the southern part of Richardson Township approximately 80 km south of Kenora, Ontario. Both holes were designed to enhance the present global gold resource of 1.4 M oz in the indicated category and 2.2 M oz in the inferred category reported on February 26, 2008 (see press release). Like NR08-253 reported in a recent (May 29, 2008) press release, holes NR08-251 and NR08-252 were positioned to intersect both the 17/ODM Zone near surface and, further down hole, the HS Trend occurring approximately 150 metres stratigraphically to the north. Again both drill holes intersected wide intervals of gold mineralization in the 17/ODM Zone exceeding resource grade. The strongest intersection was obtained in NR08-252 which returned a 63.3 m interval grading 2.57 g/t Au including three higher grade sections of 4.5 m grading 12.17 g/t Au, 4.5 m grading 6.37 g/t Au and a lower 3.0 m interval grading 6.92 g/t Au. The second hole, NR08-251, returned 58.5 m grading 1.44 g/t Au including a 3.0 m section grading 8.05 g/t Au. Further down hole, the HS Trend returned 3.8 m grading 6.17 g/t Au.
ADVERTISEMENT
The details of both holes are highlighted in Table I below and a location plan will be posted on the Company's website www.rainyriverresources.com shortly. Presently, there are three rigs actively drilling in Richardson Township.
Details on the current mineral resource are available in the April 2008 Technical Report which has been posted on SEDAR (www.sedar.com) and will be posted on the Company's website shortly www.rainyriverresources.com.
Rainy River's exploration program is being managed by Project Manager, Wally Rayner, P. Geo., a Qualified Person within the meaning of NI 43-101. C.J. Baker, M.Sc., is the Company's regional exploration manager and is responsible for supervising the Company's Off Lake program. Nelson W. Baker, P.Eng., is the Qualified Person for the project and the person responsible for the contents of this news release. The Company has implemented 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 Resources Ltd.
Rainy River Resources is an experienced Canadian precious metals exploration company whose key asset is the Rainy River gold project located in north-western Ontario. With $37 million in its treasury, the Company is well funded to conduct an aggressive, year-round resource definition drilling program and a regional program of drill testing many other high-priority gold targets. The Company's 60,000-acre property in terms of infrastructure is very well located in western 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. 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.
Nelson W. Baker, President
===>>>http://biz.yahoo.com/ccn/080610/200806100467248001.html?.v=1
KNRPEL
Tuesday June 10, 7:01 am ET
NR08-252 Intersects 63.3 m Grading 2.57 g/t Au
NR08-251 Intersects 58.5 m Grading 1.44 g/t Au
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR - News), is pleased to report results for two additional north trending drill holes recently completed in the southern part of Richardson Township approximately 80 km south of Kenora, Ontario. Both holes were designed to enhance the present global gold resource of 1.4 M oz in the indicated category and 2.2 M oz in the inferred category reported on February 26, 2008 (see press release). Like NR08-253 reported in a recent (May 29, 2008) press release, holes NR08-251 and NR08-252 were positioned to intersect both the 17/ODM Zone near surface and, further down hole, the HS Trend occurring approximately 150 metres stratigraphically to the north. Again both drill holes intersected wide intervals of gold mineralization in the 17/ODM Zone exceeding resource grade. The strongest intersection was obtained in NR08-252 which returned a 63.3 m interval grading 2.57 g/t Au including three higher grade sections of 4.5 m grading 12.17 g/t Au, 4.5 m grading 6.37 g/t Au and a lower 3.0 m interval grading 6.92 g/t Au. The second hole, NR08-251, returned 58.5 m grading 1.44 g/t Au including a 3.0 m section grading 8.05 g/t Au. Further down hole, the HS Trend returned 3.8 m grading 6.17 g/t Au.
ADVERTISEMENT
The details of both holes are highlighted in Table I below and a location plan will be posted on the Company's website www.rainyriverresources.com shortly. Presently, there are three rigs actively drilling in Richardson Township.
Details on the current mineral resource are available in the April 2008 Technical Report which has been posted on SEDAR (www.sedar.com) and will be posted on the Company's website shortly www.rainyriverresources.com.
Rainy River's exploration program is being managed by Project Manager, Wally Rayner, P. Geo., a Qualified Person within the meaning of NI 43-101. C.J. Baker, M.Sc., is the Company's regional exploration manager and is responsible for supervising the Company's Off Lake program. Nelson W. Baker, P.Eng., is the Qualified Person for the project and the person responsible for the contents of this news release. The Company has implemented 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 Resources Ltd.
Rainy River Resources is an experienced Canadian precious metals exploration company whose key asset is the Rainy River gold project located in north-western Ontario. With $37 million in its treasury, the Company is well funded to conduct an aggressive, year-round resource definition drilling program and a regional program of drill testing many other high-priority gold targets. The Company's 60,000-acre property in terms of infrastructure is very well located in western Ontario near the U.S. border. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development.
Nelson W. Baker, President
===>>>http://biz.yahoo.com/ccn/080610/200806100467248001.html?.v=1
KNRPEL
Antwort auf Beitrag Nr.: 34.292.045 von KNORPEL am 12.06.08 18:41:07eh knorpel...
... damit Du nicht so alleine bist
Schön, dass Du unbeeindruckt von Click-Zahlen diesen Top-Explorer ein wenig oben zu halten versuchst.
Ich nehme jede Wette an, selbst 99,3% der an Junior-Edelmetall-Schürfern hier im Board Interessierten haben von RR noch nie etwas gehört, geschweige denn dazu eine Meinung. Dasselbe konnte man ja in der Vergangenheit schon oft bei einigen der besten, kanadischen Werte beobachten.
Muss zwar zugeben, dass ich im Moment aus RR draussen bin. Lauere aber nur auf Gelegenheit, noch mal deutlich unter 4.00$ gümstig reinzukommen.
Was ist denn Deine Vision zu Rainy für die nächsten 2 Jahre?
Wie siehst Du die Aktie bewertungsmässig, welche Stärken und Schwächen erkennst Du? Welche anderen kanadischen Goldexplorer siehst Du in derselben Gewichtsklasse (Heavyweight!) ?
... damit Du nicht so alleine bist
Schön, dass Du unbeeindruckt von Click-Zahlen diesen Top-Explorer ein wenig oben zu halten versuchst.
Ich nehme jede Wette an, selbst 99,3% der an Junior-Edelmetall-Schürfern hier im Board Interessierten haben von RR noch nie etwas gehört, geschweige denn dazu eine Meinung. Dasselbe konnte man ja in der Vergangenheit schon oft bei einigen der besten, kanadischen Werte beobachten.
Muss zwar zugeben, dass ich im Moment aus RR draussen bin. Lauere aber nur auf Gelegenheit, noch mal deutlich unter 4.00$ gümstig reinzukommen.
Was ist denn Deine Vision zu Rainy für die nächsten 2 Jahre?
Wie siehst Du die Aktie bewertungsmässig, welche Stärken und Schwächen erkennst Du? Welche anderen kanadischen Goldexplorer siehst Du in derselben Gewichtsklasse (Heavyweight!) ?
Antwort auf Beitrag Nr.: 34.425.180 von uprock am 02.07.08 21:17:44Meine Vision fuer Rainy River sind +10 Mio. Unzen Gold indicated,kann natuerlich noch etwas laenger als 2 Jahre dauern.
Es wurden bisher ja nur ca.7 % exploriert,also noch viel potential.
37 Mio.$ Cash vorhanden.
Also ich denke daß hier auf jeden Fall eine Mine entsteht,ob von RR oder von einem Major steht noch in den Sternen
===>>>http://www.rainyriverresources.com/2008-05_presentation/slid…
Gruß KNRPEL
Es wurden bisher ja nur ca.7 % exploriert,also noch viel potential.
37 Mio.$ Cash vorhanden.
Also ich denke daß hier auf jeden Fall eine Mine entsteht,ob von RR oder von einem Major steht noch in den Sternen
===>>>http://www.rainyriverresources.com/2008-05_presentation/slid…
Gruß KNRPEL
Antwort auf Beitrag Nr.: 34.443.852 von KNORPEL am 05.07.08 12:41:27Hm, bisschen vage, Deine Vision ... hatte gedacht, dass Du Dich bei RR noch über die Präsentation hinaus etwas eingearbeitet hättest.
Aber was soll's, die Präsentation ist zweifellos seriös und bringt die Dinge zusammengefasst auf den Punkt, so dass ich Dir im Fazit zu RR selbstverständlich beipflichte.
Insbesondere beeindrucken mich bei diesem Explorer die für einen kanadischen Wert unglaublich beständigen, durchweg auf Gold in zumeist in guten Konzentrationen und / oder über sehr ansehnliche Längen treffenden Bohrungen.
Allerdings sehe ich RR keinesfalls bei 10Mio uz kommen - jedenfalls nicht als Rainy River. Nehme fast jede Wette an, dass sie bis dahin übernommen sein werden. Dahin zielt ja dem Vernehmen nach auch die Politik der Firma.
Interessant könnte da bereits dieser Herbst werden. Ich gehe davon aus, dass von den im Frühjahr 08 noch vorhandenem Cash bis Ende 08 für 46.000 Bohrmeter, die scopying study und laufende Kosten über die Hälfte verbraucht sein wird. Also wird entweder allmählich neue Kapitalbeschaffung angezeigt sein - oder es tritt jemand anders auf den Plan...
Ich tippe auf AEM. Erstens natürlich aufgrund der geografischen Nähe zu deren Flaggschiff La Ronde, welches nach Jahren erfolgreicher Produktion sicher allmählich Unzennachschub gebrauchen könnte. Zweitens, weil die mengenmässig grossen, durch RR entdeckten Vorkommen sowie deren sichere, geografische Lage sehr gut zu der 'high quality project'-Politik von AEM passen würden.
Aber was soll's, die Präsentation ist zweifellos seriös und bringt die Dinge zusammengefasst auf den Punkt, so dass ich Dir im Fazit zu RR selbstverständlich beipflichte.
Insbesondere beeindrucken mich bei diesem Explorer die für einen kanadischen Wert unglaublich beständigen, durchweg auf Gold in zumeist in guten Konzentrationen und / oder über sehr ansehnliche Längen treffenden Bohrungen.
Allerdings sehe ich RR keinesfalls bei 10Mio uz kommen - jedenfalls nicht als Rainy River. Nehme fast jede Wette an, dass sie bis dahin übernommen sein werden. Dahin zielt ja dem Vernehmen nach auch die Politik der Firma.
Interessant könnte da bereits dieser Herbst werden. Ich gehe davon aus, dass von den im Frühjahr 08 noch vorhandenem Cash bis Ende 08 für 46.000 Bohrmeter, die scopying study und laufende Kosten über die Hälfte verbraucht sein wird. Also wird entweder allmählich neue Kapitalbeschaffung angezeigt sein - oder es tritt jemand anders auf den Plan...
Ich tippe auf AEM. Erstens natürlich aufgrund der geografischen Nähe zu deren Flaggschiff La Ronde, welches nach Jahren erfolgreicher Produktion sicher allmählich Unzennachschub gebrauchen könnte. Zweitens, weil die mengenmässig grossen, durch RR entdeckten Vorkommen sowie deren sichere, geografische Lage sehr gut zu der 'high quality project'-Politik von AEM passen würden.
First Round of Drilling in Rainy's Off Lake Area Confirms Region's Potential for High-Grade Gold and VMS-Style Mineralization
Wednesday July 9, 7:01 am ET
===>>>http://biz.yahoo.com/ccn/080709/200807090473076001.html?.v=1
KNRPEL
Wednesday July 9, 7:01 am ET
===>>>http://biz.yahoo.com/ccn/080709/200807090473076001.html?.v=1
KNRPEL
hmmm ist das jetzt der hauptthread
Antwort auf Beitrag Nr.: 36.265.915 von Boersenkrieger am 26.12.08 05:47:02Ja, ist der Haupttreat
Pflege aber meine threats bei WO nicht mehr
Gruß KNRPEL
Pflege aber meine threats bei WO nicht mehr
Gruß KNRPEL
Antwort auf Beitrag Nr.: 36.533.810 von KNORPEL am 07.02.09 14:06:58wie schade. bist du anderweitig unterwegs in den foren oder einfach keine lust mehr ?
ansonsten verpennt hier auch jeder die guten news und den anstieg, aber egal.
ansonsten verpennt hier auch jeder die guten news und den anstieg, aber egal.
Bin meistens wo anders,aber immer noch bei RR investiert
Hallo zusammen,
kann mir jemand mitteilen, wie viel Cash RR aktuell auf dem Konto hat?
Danke!
Gruß,
Starwars
kann mir jemand mitteilen, wie viel Cash RR aktuell auf dem Konto hat?
Danke!
Gruß,
Starwars
Antwort auf Beitrag Nr.: 36.587.509 von Starwars1969 am 16.02.09 15:10:00per December 31 2008
Cash: $16,338,967
Short-term investments: $10,331,384
Quelle: sedar.com
Cash: $16,338,967
Short-term investments: $10,331,384
Quelle: sedar.com
Antwort auf Beitrag Nr.: 36.599.171 von blash5 am 17.02.09 23:17:50Hallo Blash5,
Danke für die Info!
Ich hoffe Du bist "grün" bei DLKM?
Gruß,
Starwars
Danke für die Info!
Ich hoffe Du bist "grün" bei DLKM?
Gruß,
Starwars
Antwort auf Beitrag Nr.: 36.599.871 von Starwars1969 am 18.02.09 08:25:44Ich bin sowohl bei DLKM als auch bei Ascot Mining auf der Käuferseite zu finden.
Grade nochmal 10.000 Ascot zu 0,40 genommen. Produktionsstart in diesem Quartal!
DLKM - bisherige und (kommende) News sind top, Kurs wird das in den nächsten Wochen reflektieren. Produktionsstart Q3, eher Q4/2009.
Grade nochmal 10.000 Ascot zu 0,40 genommen. Produktionsstart in diesem Quartal!
DLKM - bisherige und (kommende) News sind top, Kurs wird das in den nächsten Wochen reflektieren. Produktionsstart Q3, eher Q4/2009.
Guten Abend,
hier wird zwar nicht mehr geposted, aber das ist es Wert.Rainy River Receives Gold Resource Update: Indicated Resources Increase By 61 Percent In One Year
Rainy River Resources Ltd. (TSX-V: RR) (the "Company") is pleased to announce that it has received an independent mineral resource estimate prepared by SRK Consulting (Canada) Inc. ("SRK") for the Company's Rainy River property in northern Ontario. This updated mineral resource statement is reported in accordance with Canadian Securities Administrator's National Instrument 43-101 and was estimated in conformity with generally accepted CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" Guidelines, including the critical requirement that all mineral resources "have reasonable prospects for economic extraction".
Indicated and Inferred Resource Estimates
Based on a gold price of US$800 per ounce and a metallurgical recovery of 85 percent without considering silver credits, it is SRK's opinion that the mineral resources for the Rainy River project are appropriately reported at a cut-off grade of 0.4 grams of gold per tonne ("g/t gold") for open pit mining to a maximum depth of 450 m (-60 m elevation) and 3.0 g/t for underground mining below the pit. On this basis, SRK estimates that the Rainy River project contains the following resources:
Indicated resources of 2.225 million ounces of gold and 3.375 million ounces of silver at a gold grade of 1.24 g/t.
Inferred resources of 1.807 million ounces of gold and 4.548 million ounces of silver at a gold grade of 0.88 g/t.
The Mineral Resource Statement for the Rainy River Project is summarized in Table 1, below, for the material within, below and peripheral to an optimized pit envelope. A schematic cross section of the conceptual pit outline used to report mineral resources is posted on Rainy's internet website and may be viewed at www.rainyriverresources.com.
Table 1: Consolidated Mineral Resource Statement, Rainy River Gold Project, Ontario
SRK Consulting, April, 28 2009
Category
Quantity
Grade
Metal
Gold
Silver
Gold
Silver
000't
gpt
gpt
000'oz
000'oz
Open Pit*
Indicated
Volcanic-hosted
Within shell
55,027
1.21
1.89
2,135
3,350
Mafic-hosted
Within shell
57
1.37
3
Inferred
Volcanic-hosted
Within shell
12,491
0.95
2.36
382
950
Outside shell
50,637
0.79
2.19
1,278
3,562
Underground**
Indicated
Volcanic-hosted
Below shell
530
5.14
1.47
88
25
Inferred
Volcanic-hosted
Below shell
875
5.22
1.27
147
36
Combined Mining
Indicated
55,615
1.24
1.89
2,225
3,375
Inferred
64,003
0.88
2.21
1,807
4,548
* Mineral resources are reported in relation to optimized pit shells. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. All assays have been capped where appropriate. SRK also estimated zinc, lead and copper grades but these metals are not reported in the mineral resource statement because they reasonably do not contribute to the metal value of the gold mineralization. Nickel, copper and platinum group metals were also estimated for one small zone (Zone 210) and are reported separately. The consolidated resource statement above includes the gold and mineralization in Zone 201.
** Open pit mineral resources are reported at a cut-off of 0.4 gram of gold per tonne, Underground mineral resources are reported at 3.0 grams of gold per tonne gold. Cut-off grades are based on a gold price of US$800 per ounce gold and a gold metallurgical recovery of eighty-five percent, without considering revenues from other metals.
SRK's database for this study included all information obtained to December 15, 2008 for 538 boreholes (204,574 metres) drilled by Rainy River and Nuinsco Resources Ltd., the previous project operator. The resource area was divided into fourteen domains and appropriate rock densities, gold grade caps and search ellipse sizes were established for each domain. A block model was created with block size set at 10 by 10 by 5 metres. Metal grades were estimated from 1.5 metre composited sample intervals using ordinary kriging, or an inverse distance algorithm if insufficient composites were available to derive reliable variograms.
The SRK study has increased by 61 percent the indicated mineral resources established by Caracle Creek International Consulting Inc. ("CCIC") using holes drilled to December 19, 2007, as reported in the Company's February 28, 2008 news release. This substantial gain was achieved mainly by infill drilling which upgraded part of CCIC's inferred resources to the indicated category.
SRK considered various parameters that have a major impact on the prospects for economic extraction including the following estimated costs of mining, milling and administration for open pit (Table 2) and underground (Table 3) operations, probable pit slopes and expected gold recovery rates.
Table 2: Conceptual Pit Optimization Assumptions Considered for Open Pit Resource Reporting
Parameter
Assumption
Pit slope angle:
42 north wall, 50 other walls (degrees)
Mining cost (ore and waste)
C$1.00/t rock
Variable Mining Cost / 10m bench
C$0.02/t
G & A costs
C$1.25/t feed
Process cost:
US$7.00/t
Process recovery
85 percent
Assumed process rate
20,000 tpd
Gold price:
US$800 per ounce
Mining dilution
5.0 percent
Exchange rate (C$/US$)
1.0
Mining recoveries
100 percent
Table 3: Conceptual Assumptions Considered for Underground Resource Reporting
Parameter
Assumption used for Optimization
Mining costs
C$50.00/t rock
Assumed process rate
20,000 tpd
Assumed mining rate
600 tpd
G & A costs
C$7.50/t feed
Process cost:
US$7.00/t
Process recovery
85 percent
Gold price:
US$800 per ounce
Mining dilution
10.0 percent
Exchange rate (C$/US$)
1.0
Mining recoveries
100 percent
SRK's study, due principally to the higher density of diamond drilling, is more comprehensive and rigorous than the previous resource estimate and a higher level of confidence can be placed in the updated mineral resource quantities and grade estimates. The evaluation of pit depths and gold cut-off grades are conceptual in nature: a more thorough economic study is required to upgrade the mineral resources to mineral reserves. However, mineral resources are not mineral reserves and do not have demonstrated economic viability and it is uncertain if further exploration will be successful in converting the mineral resources into mineral reserves..
Importantly, the infill drilling significantly increased the original 1.03 g/t gold grade of the portion of the inferred resources that was converted to indicated resources even though SRK used a lower gold cut-off than CCIC (0.4 versus 0.5 g/t). As a result, the enlarged indicated gold resource established by SRK has essentially the same gold grade (1.24 g/t versus 1.26 g/t) as the smaller indicated resource previously reported by CCIC. Most of the converted resources were replaced by new inferred resources identified by exploration drilling proximal to the previous resources.
Both the indicated and inferred mineral resources are contained primarily within the large ODM 17 Zone and the 433 Zone to the north. Lesser contributions are obtained from the neighbouring HS, Cap and five small, unnamed zones and from the 34 Zone, a younger, crosscutting Ni-Cu-PGE-Au-Ag deposit.
Management of Rainy River Resources is very encouraged by the updated mineral resource estimates, particularly the 61 percent year-over-year increase in indicated gold resources and the significant increase in gold grade that was determined from the infill drilling despite using a lower gold cut-off and applying more stringent mining parameters in qualifying the resources.
Additional Mineralization
Approximately 1.1 million ounces of additional gold mineralization at the same 0.4 g/t cut-off grade as the open pit resources have been identified below and proximal to the proposed open pit. None of this mineralization presently qualifies as a mineral resource and there is no certainty that any of the mineralization will be converted to resources in the future because continuity and reasonable prospects for economic extraction have not been demonstrated. In the Company's view, however, this additional mineralization is a good measure of exploration progress in the immediate area of the proposed pit and thus of the potential for increasing the indicated and inferred resources through further drilling.
Qualified Persons
The mineral resource statement was prepared by Dorata El-Rassi, P.Eng, and Glen Cole, P.Geo of SRK, both "independent qualified persons" as that term is defined in National Instrument 43-101. SRK's Technical Report will be filed on SEDAR within the prescribed 45 days.
The exploration program in Richardson Township is managed by Wally Rayner, P.Geo, Project Manager and is supervised by Stuart Averill, P.Geo, Vice-President Exploration. The Company's regional exploration manager, C.J. Baker, M.Sc., directs the Off Lake exploration program 15 km to the northeast. Both Mr. Averill, P.Geo and Nelson W. Baker, P.Eng are the Qualified Persons for this project in accordance with the National Instrument 43-101 guidelines and Mr. Baker is the person responsible for the contents 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.
RAINY RIVER RESOURCES LTD.
Nelson W. Baker
President
For further information, please contact Brad Baker at 604.639.4495 or by e-mail at bwb@rainyriverresources.com.
For further information contact:
Rainy River Resources
Suite 303 --- 1620 West 8th Avenue
Vancouver, BC
V6J 1V4
Telephone: 604-639-4490
Facsimile: 604-639-4498
Toll Free: 1-888-700-0477
Investor Relations
Brad Baker
Email: bwb@rainyriverresources.com
604-639-4495
(TSX-V: RR)
(TSX-V: RR)
May 27, 2009
Rainy River Receives Gold Resource Update: Indicated Resources Increase By 61 Percent In One Year
May 13, 2009
Rainy River Announces Buy-out of NSR Royalty
March 26, 2009
Massive Pyrite Intersection Carries Robust Gold and Silver Values
Ned schlecht at all,
paumax
hier wird zwar nicht mehr geposted, aber das ist es Wert.Rainy River Receives Gold Resource Update: Indicated Resources Increase By 61 Percent In One Year
Rainy River Resources Ltd. (TSX-V: RR) (the "Company") is pleased to announce that it has received an independent mineral resource estimate prepared by SRK Consulting (Canada) Inc. ("SRK") for the Company's Rainy River property in northern Ontario. This updated mineral resource statement is reported in accordance with Canadian Securities Administrator's National Instrument 43-101 and was estimated in conformity with generally accepted CIM "Estimation of Mineral Resource and Mineral Reserves Best Practices" Guidelines, including the critical requirement that all mineral resources "have reasonable prospects for economic extraction".
Indicated and Inferred Resource Estimates
Based on a gold price of US$800 per ounce and a metallurgical recovery of 85 percent without considering silver credits, it is SRK's opinion that the mineral resources for the Rainy River project are appropriately reported at a cut-off grade of 0.4 grams of gold per tonne ("g/t gold") for open pit mining to a maximum depth of 450 m (-60 m elevation) and 3.0 g/t for underground mining below the pit. On this basis, SRK estimates that the Rainy River project contains the following resources:
Indicated resources of 2.225 million ounces of gold and 3.375 million ounces of silver at a gold grade of 1.24 g/t.
Inferred resources of 1.807 million ounces of gold and 4.548 million ounces of silver at a gold grade of 0.88 g/t.
The Mineral Resource Statement for the Rainy River Project is summarized in Table 1, below, for the material within, below and peripheral to an optimized pit envelope. A schematic cross section of the conceptual pit outline used to report mineral resources is posted on Rainy's internet website and may be viewed at www.rainyriverresources.com.
Table 1: Consolidated Mineral Resource Statement, Rainy River Gold Project, Ontario
SRK Consulting, April, 28 2009
Category
Quantity
Grade
Metal
Gold
Silver
Gold
Silver
000't
gpt
gpt
000'oz
000'oz
Open Pit*
Indicated
Volcanic-hosted
Within shell
55,027
1.21
1.89
2,135
3,350
Mafic-hosted
Within shell
57
1.37
3
Inferred
Volcanic-hosted
Within shell
12,491
0.95
2.36
382
950
Outside shell
50,637
0.79
2.19
1,278
3,562
Underground**
Indicated
Volcanic-hosted
Below shell
530
5.14
1.47
88
25
Inferred
Volcanic-hosted
Below shell
875
5.22
1.27
147
36
Combined Mining
Indicated
55,615
1.24
1.89
2,225
3,375
Inferred
64,003
0.88
2.21
1,807
4,548
* Mineral resources are reported in relation to optimized pit shells. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. All assays have been capped where appropriate. SRK also estimated zinc, lead and copper grades but these metals are not reported in the mineral resource statement because they reasonably do not contribute to the metal value of the gold mineralization. Nickel, copper and platinum group metals were also estimated for one small zone (Zone 210) and are reported separately. The consolidated resource statement above includes the gold and mineralization in Zone 201.
** Open pit mineral resources are reported at a cut-off of 0.4 gram of gold per tonne, Underground mineral resources are reported at 3.0 grams of gold per tonne gold. Cut-off grades are based on a gold price of US$800 per ounce gold and a gold metallurgical recovery of eighty-five percent, without considering revenues from other metals.
SRK's database for this study included all information obtained to December 15, 2008 for 538 boreholes (204,574 metres) drilled by Rainy River and Nuinsco Resources Ltd., the previous project operator. The resource area was divided into fourteen domains and appropriate rock densities, gold grade caps and search ellipse sizes were established for each domain. A block model was created with block size set at 10 by 10 by 5 metres. Metal grades were estimated from 1.5 metre composited sample intervals using ordinary kriging, or an inverse distance algorithm if insufficient composites were available to derive reliable variograms.
The SRK study has increased by 61 percent the indicated mineral resources established by Caracle Creek International Consulting Inc. ("CCIC") using holes drilled to December 19, 2007, as reported in the Company's February 28, 2008 news release. This substantial gain was achieved mainly by infill drilling which upgraded part of CCIC's inferred resources to the indicated category.
SRK considered various parameters that have a major impact on the prospects for economic extraction including the following estimated costs of mining, milling and administration for open pit (Table 2) and underground (Table 3) operations, probable pit slopes and expected gold recovery rates.
Table 2: Conceptual Pit Optimization Assumptions Considered for Open Pit Resource Reporting
Parameter
Assumption
Pit slope angle:
42 north wall, 50 other walls (degrees)
Mining cost (ore and waste)
C$1.00/t rock
Variable Mining Cost / 10m bench
C$0.02/t
G & A costs
C$1.25/t feed
Process cost:
US$7.00/t
Process recovery
85 percent
Assumed process rate
20,000 tpd
Gold price:
US$800 per ounce
Mining dilution
5.0 percent
Exchange rate (C$/US$)
1.0
Mining recoveries
100 percent
Table 3: Conceptual Assumptions Considered for Underground Resource Reporting
Parameter
Assumption used for Optimization
Mining costs
C$50.00/t rock
Assumed process rate
20,000 tpd
Assumed mining rate
600 tpd
G & A costs
C$7.50/t feed
Process cost:
US$7.00/t
Process recovery
85 percent
Gold price:
US$800 per ounce
Mining dilution
10.0 percent
Exchange rate (C$/US$)
1.0
Mining recoveries
100 percent
SRK's study, due principally to the higher density of diamond drilling, is more comprehensive and rigorous than the previous resource estimate and a higher level of confidence can be placed in the updated mineral resource quantities and grade estimates. The evaluation of pit depths and gold cut-off grades are conceptual in nature: a more thorough economic study is required to upgrade the mineral resources to mineral reserves. However, mineral resources are not mineral reserves and do not have demonstrated economic viability and it is uncertain if further exploration will be successful in converting the mineral resources into mineral reserves..
Importantly, the infill drilling significantly increased the original 1.03 g/t gold grade of the portion of the inferred resources that was converted to indicated resources even though SRK used a lower gold cut-off than CCIC (0.4 versus 0.5 g/t). As a result, the enlarged indicated gold resource established by SRK has essentially the same gold grade (1.24 g/t versus 1.26 g/t) as the smaller indicated resource previously reported by CCIC. Most of the converted resources were replaced by new inferred resources identified by exploration drilling proximal to the previous resources.
Both the indicated and inferred mineral resources are contained primarily within the large ODM 17 Zone and the 433 Zone to the north. Lesser contributions are obtained from the neighbouring HS, Cap and five small, unnamed zones and from the 34 Zone, a younger, crosscutting Ni-Cu-PGE-Au-Ag deposit.
Management of Rainy River Resources is very encouraged by the updated mineral resource estimates, particularly the 61 percent year-over-year increase in indicated gold resources and the significant increase in gold grade that was determined from the infill drilling despite using a lower gold cut-off and applying more stringent mining parameters in qualifying the resources.
Additional Mineralization
Approximately 1.1 million ounces of additional gold mineralization at the same 0.4 g/t cut-off grade as the open pit resources have been identified below and proximal to the proposed open pit. None of this mineralization presently qualifies as a mineral resource and there is no certainty that any of the mineralization will be converted to resources in the future because continuity and reasonable prospects for economic extraction have not been demonstrated. In the Company's view, however, this additional mineralization is a good measure of exploration progress in the immediate area of the proposed pit and thus of the potential for increasing the indicated and inferred resources through further drilling.
Qualified Persons
The mineral resource statement was prepared by Dorata El-Rassi, P.Eng, and Glen Cole, P.Geo of SRK, both "independent qualified persons" as that term is defined in National Instrument 43-101. SRK's Technical Report will be filed on SEDAR within the prescribed 45 days.
The exploration program in Richardson Township is managed by Wally Rayner, P.Geo, Project Manager and is supervised by Stuart Averill, P.Geo, Vice-President Exploration. The Company's regional exploration manager, C.J. Baker, M.Sc., directs the Off Lake exploration program 15 km to the northeast. Both Mr. Averill, P.Geo and Nelson W. Baker, P.Eng are the Qualified Persons for this project in accordance with the National Instrument 43-101 guidelines and Mr. Baker is the person responsible for the contents 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.
RAINY RIVER RESOURCES LTD.
Nelson W. Baker
President
For further information, please contact Brad Baker at 604.639.4495 or by e-mail at bwb@rainyriverresources.com.
For further information contact:
Rainy River Resources
Suite 303 --- 1620 West 8th Avenue
Vancouver, BC
V6J 1V4
Telephone: 604-639-4490
Facsimile: 604-639-4498
Toll Free: 1-888-700-0477
Investor Relations
Brad Baker
Email: bwb@rainyriverresources.com
604-639-4495
(TSX-V: RR)
(TSX-V: RR)
May 27, 2009
Rainy River Receives Gold Resource Update: Indicated Resources Increase By 61 Percent In One Year
May 13, 2009
Rainy River Announces Buy-out of NSR Royalty
March 26, 2009
Massive Pyrite Intersection Carries Robust Gold and Silver Values
Ned schlecht at all,
paumax
Antwort auf Beitrag Nr.: 37.266.956 von paumax am 27.05.09 21:27:01dachte ich mir auch. war sogar kurz ausgesetzt, ging danach aber runter... naja egal
Antwort auf Beitrag Nr.: 37.276.217 von Boersenkrieger am 28.05.09 20:35:54Sach mal, wo treffen wir uns eigentlich nicht?
paumax
paumax
Antwort auf Beitrag Nr.: 37.277.815 von paumax am 29.05.09 01:02:31
stimmt... haben wohl ähnliche werte im depot.
stimmt... haben wohl ähnliche werte im depot.
Rainy River buys 3% NSR on Rainy River project
2009-06-04 08:48 ET - News Release
Mr. Nelson Baker reports
RAINY RIVER COMPLETES BUY-OUT OF NSR ROYALTY
Rainy River Resources Ltd. has completed the purchase of a 3-per-cent net smelter return royalty (NSR) held by two arm's-length optionors on lands forming part of the company's Rainy River project in Northwestern Ontario. The buyout agreement was previously disclosed in Stockwatch May 13, 2009.
Under the buyout agreement, the company has purchased the entire NSR for the total one-time purchase price of $475,000 cash and 600,000 common shares of the company at a deemed value of $2.65 per share, being the volume-weighted average trading price of the Rainy River common shares on the TSX Venture Exchange over the five trading days immediately preceding the day on which the TSX Venture Exchange gave written notice to Rainy River of its conditional acceptance of the transaction.
paumax
2009-06-04 08:48 ET - News Release
Mr. Nelson Baker reports
RAINY RIVER COMPLETES BUY-OUT OF NSR ROYALTY
Rainy River Resources Ltd. has completed the purchase of a 3-per-cent net smelter return royalty (NSR) held by two arm's-length optionors on lands forming part of the company's Rainy River project in Northwestern Ontario. The buyout agreement was previously disclosed in Stockwatch May 13, 2009.
Under the buyout agreement, the company has purchased the entire NSR for the total one-time purchase price of $475,000 cash and 600,000 common shares of the company at a deemed value of $2.65 per share, being the volume-weighted average trading price of the Rainy River common shares on the TSX Venture Exchange over the five trading days immediately preceding the day on which the TSX Venture Exchange gave written notice to Rainy River of its conditional acceptance of the transaction.
paumax
Rainy River names Threlkeld as president, CEO
2009-06-23 08:20 ET - News Release
Mr. Gerald Shields reports
RAINY RIVER ANNOUNCES RETIREMENT OF NELSON W. BAKER AS CEO AND PRESIDENT AND APPOINTMENT OF RAYMOND W. THRELKELD AS SUCCESSOR
Nelson W. Baker is retiring as president and chief executive officer of Rainy River Resources Ltd. Mr. Baker was responsible for bringing the Rainy River project to the company and has served as president since 2005. Mr. Baker will continue to serve the company as a consultant and as vice-chair of the board of directors. During Mr. Baker's tenure, the company's Rainy River project in Northwestern Ontario has grown from a grassroots exploration property to a project with indicated resources of 2,225,000 ounces of gold and 3,375,000 ounces of silver at a gold grade of 1.24 grams per tonne as well as inferred resources of 1,807,000 ounces of gold and 4,548,000 ounces of silver at a gold grade of 0.88 g/t. The company is pleased to announce that Raymond W. Threlkeld has accepted the appointment as president and chief executive officer of Rainy. Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in exploration, mine development, mine operations and executive management. Mr. Threlkeld served as president and chief executive officer of Western Goldfields Inc. from 2006 until May, 2009, where he led the team that acquired, developed and put into operation the Mesquite gold mine in California three months ahead of schedule and within 2 per cent of budget. During his tenure the market capitalization of Western Goldfields rose from $12-million to over $300-million in less than 24 months. Western Goldfields was successfully merged into New Gold Inc. in June, 2009.
2009-06-23 08:20 ET - News Release
Mr. Gerald Shields reports
RAINY RIVER ANNOUNCES RETIREMENT OF NELSON W. BAKER AS CEO AND PRESIDENT AND APPOINTMENT OF RAYMOND W. THRELKELD AS SUCCESSOR
Nelson W. Baker is retiring as president and chief executive officer of Rainy River Resources Ltd. Mr. Baker was responsible for bringing the Rainy River project to the company and has served as president since 2005. Mr. Baker will continue to serve the company as a consultant and as vice-chair of the board of directors. During Mr. Baker's tenure, the company's Rainy River project in Northwestern Ontario has grown from a grassroots exploration property to a project with indicated resources of 2,225,000 ounces of gold and 3,375,000 ounces of silver at a gold grade of 1.24 grams per tonne as well as inferred resources of 1,807,000 ounces of gold and 4,548,000 ounces of silver at a gold grade of 0.88 g/t. The company is pleased to announce that Raymond W. Threlkeld has accepted the appointment as president and chief executive officer of Rainy. Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in exploration, mine development, mine operations and executive management. Mr. Threlkeld served as president and chief executive officer of Western Goldfields Inc. from 2006 until May, 2009, where he led the team that acquired, developed and put into operation the Mesquite gold mine in California three months ahead of schedule and within 2 per cent of budget. During his tenure the market capitalization of Western Goldfields rose from $12-million to over $300-million in less than 24 months. Western Goldfields was successfully merged into New Gold Inc. in June, 2009.
Sehr geehrter Wallstreet-online Nutzer,
Hallo,
für eine aktuelle Diskussion enthistorisieren wir diesen Thread.
MfG MaatMOD
Hallo,
für eine aktuelle Diskussion enthistorisieren wir diesen Thread.
MfG MaatMOD
heute schöner charttechnischer ausbruch!
ich bin seit ~5,40 CAD wieder involviert! die nächsten tage werden spannend. ask aktuell bei 5,78 CAD
ich bin seit ~5,40 CAD wieder involviert! die nächsten tage werden spannend. ask aktuell bei 5,78 CAD
Antwort auf Beitrag Nr.: 39.248.401 von CommodityTrader am 30.03.10 19:11:02Herzlichen Glückwusch hat sich richtig gelohnt !
Weiterhin viel Glück!
Weiterhin viel Glück!
Rainy River Identifies Strong New Gold Targets by RC Drilling
04/20/2010
Download this Press Release (PDF 468 KB)
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/20/10 -- Highlights:
- Recent Phase 6 RC program identifies two prime targets with 6.17 and 3.03 g/t gold in bedrock and strong supporting gold-in-till anomalies
- Coincident RC gold-in-till and gold-in-bedrock anomalies deliver new gold zones for Rainy year after year
- Phase 7 RC program underway to refine six additional anomalies for diamond drilling
Rainy River Resources Ltd. (TSX VENTURE: RR) (the "Company" or "Rainy") has commenced a new, Phase 7, reverse circulation (RC) drilling campaign on its Rainy River gold project in northwestern Ontario and is pleased to announce results from the recently completed Phase 6 program.
Phase 6 RC Results
Reverse Circulation Rotary (RC) drilling north of the ODM17 Zone (RC Hole 214) intersected the highest value gold-in-till anomaly recorded on the Rainy River Project. A second RC hole, drilled 100 metres east of RC-214, returned a bedrock sample value of 6.17 g/t gold; the second highest value ever obtained from a RC hole on the property.
The second anomalous area was discovered and is a new discovery on the Project. The area lies 700 metres west along strike from the new South Zone. The four lowermost till samples from RC Hole 216 yielded a normalized average of 282 gold grains, one of the strongest gold grain anomalies ever obtained from the project (see gold photo at www.rainyriverresources.com). Furthermore, the bedrock sample from Hole 244, drilled 100 m up-ice, returned 3.03 g/t gold, the third highest value obtained from a RC hole on the property.
Phase 7 RC Program Commences
Building on the major success of the Phase 6 program, a 34-hole Phase 7 RC program began on April 12, 2010. This program is designed to confirm and refine six coincident gold-in-till and gold-in-bedrock anomalies indicated by widely spaced RC holes from earlier drilling campaigns. Most of these targets are in the little-tested northern part of the caldera, stratigraphically below the 433 Zone. Based on the consistent success of previous RC drilling campaigns in discovering significant gold zones from similar till + bedrock gold anomalies, it is expected that some of the targeted anomalies will lead to new gold zones.
"Our success in discovery of near surface gold mineralization is a direct result of the RC technique employed by our Vice President of Exploration, Stu Averill. The new zones discovered enhance our belief that the Rainy River Project has the potential to be a world class gold system and that we are merely scratching the surface in our current exploration and development," commented Raymond Threlkeld, President and CEO.
RC Drilling Ideal for Exploring Rainy River Property
The gold-bearing dacites of the Richardson caldera on Rainy's property are covered by 20 to 40 metres of glacial overburden. This overburden consists of lower and upper till horizons deposited during meltdown of the 1 to 2 km thick continental ice sheet 12,000 years ago. The lower till is stony and contains glacially liberated gold and gold-bearing pyrite grains that were scraped off the tops of mineralized zones in the underlying bedrock. High concentrations of these grains are used to pinpoint new mineralized zones. The upper till is thicker and consists mostly of clay scraped from the bed of Glacial Lake Agassiz. It contains no gold or pyrite grains.
Despite the presence of significant pyrite in the gold zones, geophysical methods are ineffective for locating the zones due to the thickness and very clayey (conductive) character of the upper till. Nearly all of the gold discoveries have been made by RC drilling. The RC drills are highly specialized and perform efficiently on dry or wet terrain in all seasons. They are not susceptible to the sample loss and inter-sample contamination problems associated with "standard" RC rigs. They efficiently deliver high-quality 10 kilogram till samples from every 1 to 1.5 m sample interval whether the till is clayey or stony. The holes are drilled vertically and typically advanced 1.5 m into bedrock where a sample of clean cuttings is collected for the assay. Samples of lower till unit are processed in the laboratory to extract a heavy mineral concentration (HMC) containing any glacially liberated gold and pyrite grains. Most of the gold grains are finer than human hair and up to 90% are still hidden in the pyrite grains. Total liberated + pyrite-encased gold is determined by assaying the HMC and the liberated component is calculated from the gold grain dimensions.
The existence of the Richardson caldera and its associated 600 hectare bedrock gold anomaly beneath the glacial overburden was unknown until RC drilling was performed at 300 to 400 m centers. This initial drilling also delineated a gold dispersal anomaly extending 15 kilometres to the southwest (glacially down-ice) in the lower till. Contouring the till and bedrock gold results within the caldera area showed that the best-mineralized sectors are those where the strongest gold assays in the till HMCs, normalized for variations in pyrite abundance, coincide with the highest gold assays in the bedrock. Matching anomalies of this type have led to the discovery of all of the known gold zones except the Cap Zone which tops out below the overburden-bedrock contact and thus was not glaciated. Additional deep, unglaciated zones will undoubtedly be discovered in the future but shallow, glaciated zones are the main current target because the most recent RC drilling has shown that more zones of this type remain to be discovered.
About Rainy River Resources Ltd.
Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River gold project. With over CAN$65 MM 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 pre-feasibility studies, and 2) selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered 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. 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 W. 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 fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
Contacts:
Rainy River Resources Ltd.
Liz Caridi
Director of Investor Relations and Corporate Governance
(604) 639-4497
lcaridi@rainyriverresources.com
www.rainyriverresources.com
04/20/2010
Download this Press Release (PDF 468 KB)
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 04/20/10 -- Highlights:
- Recent Phase 6 RC program identifies two prime targets with 6.17 and 3.03 g/t gold in bedrock and strong supporting gold-in-till anomalies
- Coincident RC gold-in-till and gold-in-bedrock anomalies deliver new gold zones for Rainy year after year
- Phase 7 RC program underway to refine six additional anomalies for diamond drilling
Rainy River Resources Ltd. (TSX VENTURE: RR) (the "Company" or "Rainy") has commenced a new, Phase 7, reverse circulation (RC) drilling campaign on its Rainy River gold project in northwestern Ontario and is pleased to announce results from the recently completed Phase 6 program.
Phase 6 RC Results
Reverse Circulation Rotary (RC) drilling north of the ODM17 Zone (RC Hole 214) intersected the highest value gold-in-till anomaly recorded on the Rainy River Project. A second RC hole, drilled 100 metres east of RC-214, returned a bedrock sample value of 6.17 g/t gold; the second highest value ever obtained from a RC hole on the property.
The second anomalous area was discovered and is a new discovery on the Project. The area lies 700 metres west along strike from the new South Zone. The four lowermost till samples from RC Hole 216 yielded a normalized average of 282 gold grains, one of the strongest gold grain anomalies ever obtained from the project (see gold photo at www.rainyriverresources.com). Furthermore, the bedrock sample from Hole 244, drilled 100 m up-ice, returned 3.03 g/t gold, the third highest value obtained from a RC hole on the property.
Phase 7 RC Program Commences
Building on the major success of the Phase 6 program, a 34-hole Phase 7 RC program began on April 12, 2010. This program is designed to confirm and refine six coincident gold-in-till and gold-in-bedrock anomalies indicated by widely spaced RC holes from earlier drilling campaigns. Most of these targets are in the little-tested northern part of the caldera, stratigraphically below the 433 Zone. Based on the consistent success of previous RC drilling campaigns in discovering significant gold zones from similar till + bedrock gold anomalies, it is expected that some of the targeted anomalies will lead to new gold zones.
"Our success in discovery of near surface gold mineralization is a direct result of the RC technique employed by our Vice President of Exploration, Stu Averill. The new zones discovered enhance our belief that the Rainy River Project has the potential to be a world class gold system and that we are merely scratching the surface in our current exploration and development," commented Raymond Threlkeld, President and CEO.
RC Drilling Ideal for Exploring Rainy River Property
The gold-bearing dacites of the Richardson caldera on Rainy's property are covered by 20 to 40 metres of glacial overburden. This overburden consists of lower and upper till horizons deposited during meltdown of the 1 to 2 km thick continental ice sheet 12,000 years ago. The lower till is stony and contains glacially liberated gold and gold-bearing pyrite grains that were scraped off the tops of mineralized zones in the underlying bedrock. High concentrations of these grains are used to pinpoint new mineralized zones. The upper till is thicker and consists mostly of clay scraped from the bed of Glacial Lake Agassiz. It contains no gold or pyrite grains.
Despite the presence of significant pyrite in the gold zones, geophysical methods are ineffective for locating the zones due to the thickness and very clayey (conductive) character of the upper till. Nearly all of the gold discoveries have been made by RC drilling. The RC drills are highly specialized and perform efficiently on dry or wet terrain in all seasons. They are not susceptible to the sample loss and inter-sample contamination problems associated with "standard" RC rigs. They efficiently deliver high-quality 10 kilogram till samples from every 1 to 1.5 m sample interval whether the till is clayey or stony. The holes are drilled vertically and typically advanced 1.5 m into bedrock where a sample of clean cuttings is collected for the assay. Samples of lower till unit are processed in the laboratory to extract a heavy mineral concentration (HMC) containing any glacially liberated gold and pyrite grains. Most of the gold grains are finer than human hair and up to 90% are still hidden in the pyrite grains. Total liberated + pyrite-encased gold is determined by assaying the HMC and the liberated component is calculated from the gold grain dimensions.
The existence of the Richardson caldera and its associated 600 hectare bedrock gold anomaly beneath the glacial overburden was unknown until RC drilling was performed at 300 to 400 m centers. This initial drilling also delineated a gold dispersal anomaly extending 15 kilometres to the southwest (glacially down-ice) in the lower till. Contouring the till and bedrock gold results within the caldera area showed that the best-mineralized sectors are those where the strongest gold assays in the till HMCs, normalized for variations in pyrite abundance, coincide with the highest gold assays in the bedrock. Matching anomalies of this type have led to the discovery of all of the known gold zones except the Cap Zone which tops out below the overburden-bedrock contact and thus was not glaciated. Additional deep, unglaciated zones will undoubtedly be discovered in the future but shallow, glaciated zones are the main current target because the most recent RC drilling has shown that more zones of this type remain to be discovered.
About Rainy River Resources Ltd.
Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River gold project. With over CAN$65 MM 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 pre-feasibility studies, and 2) selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered 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. 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 W. 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 fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
Contacts:
Rainy River Resources Ltd.
Liz Caridi
Director of Investor Relations and Corporate Governance
(604) 639-4497
lcaridi@rainyriverresources.com
www.rainyriverresources.com
Northern Superior Resources Inc. Signs Option/Joint Venture Agreement with Rainy River Resources Ltd. Respecting Ti-pa-haa-kaa-ning Gold Property
8:31 AM ET, June 21, 2010
SUDBURY, ONTARIO, Jun 21, 2010 (MARKETWIRE via COMTEX) -- Northern Superior Resources Inc. (SUP) ("Northern Superior") and Rainy River Resources Ltd. (RR) ("Rainy River") are pleased to announce that they have entered into an agreement whereby Northern Superior has granted to Rainy River an option to earn a 51% joint venture interest in the eastern half of Northern Superior's 100% owned Ti-pa-haa-kaa-ning/Big Dam gold property in Northwestern Ontario (the "TPK Property"). (See Northern Superior press release dated November 20th, 2008 re Big Damn and TPK).
Rainy River can earn its 51% interest in the eastern half of the TPK Property by (a) funding $9.4 million in exploration expenses over a 3 year period, with $1.4 million in year 1, $4 million in year 2 and $4 million in year 3; (b) making cash payments of $300,000 upon receipt of regulatory acceptance and a further $1.3 million in January, 2011 and (c) completing three equal annual private placements of common shares of Northern Superior of $500,000 each for a total equity investment of $1.5 million. The first placement of $500,000 will be priced at $0.20 per share, while the second and third will be priced at the volume weighted average trading price of Northern Superior's common shares for the last 20 trading days prior to the anniversary date of the agreement. Northern Superior is required to spend an additional $1.6 million in exploration expenditures on the eastern half of the TPK project this year.
Dr. T.F. Morris, President and CEO of Northern Superior, stated: "This agreement with Rainy River, which is having remarkable success using gold grain-in-till data similar to that being used by Northern Superior in developing its new gold camp in northwestern Ontario, is a tremendous endorsement of Northern Superior's exploration efforts to date and provides an important infusion of capital and expertise to push this program to success. We look forward to working with Rainy River with the intent of moving the TPK property towards another world-class gold camp in northwestern Ontario."
Stu Averill, Vice-President Exploration of Rainy River, commented: "The strong, regionally extensive gold grain anomaly in the till on the TPK property is exceptional. This anomaly is matched at only three other localities in Canada, all of which either have a new mining operation (Meadowbank) or are under consideration for development (Meliadine, Rainy River). The strong similarities between the TPK anomaly and our Rainy River anomaly, as defined by RC drilling, can be seen on the attached maps (see www.nsuperior.com) even though the key southern part of the TPK anomaly has not yet been drilled. Gold grain anomalies of this scale are amalgamated responses from a cluster of gold zones. They normally indicate a large gold system or district rather than a single gold zone, and the RC drilling technique is very effective for identifying and pinpointing the best gold zones within these systems. With a mobile rig already on site, we can immediately apply our experience from finding six gold zones at Rainy River to rapidly advance the TPK project. We look forward to working with Northern Superior on this exciting project."
During the remainder of 2010, Overburden Drilling Management Limited ("ODM") will act as project manager on a mutually accepted exploration program that will be decided and implemented by ODM with assistance from Northern Superior's geologists. After the initial exploration expenditure in year one, Rainy River will be the manager of the exploration program with budgets being decided mutually, but with Rainy River having the final right to decide the final budget and project implementation. Rainy River has the right to accelerate expenditures to exercise its option early. Rainy River may terminate the option at any time after completing its year 1 obligations and making the cash payment of $1.6 million to Northern Superior.
Northern Superior has also granted to Rainy River rights of first refusal with respect to both Northern Superior's interest in the eastern half of the TPK property and its 100% interest in the western half of the TPK Property (known as the "New Growth Area") should Northern Superior receive acceptable bona fide arms' length third party offers.
If Rainy River exercises its option, the parties have agreed to form a joint venture, with Rainy River holding a 51% interest and Northern Superior 49%. Rainy River will be the operator and manager of the joint venture.
Rainy River will continue the good faith efforts that Northern Superior has initiated with Neskantaga First Nation and adhere to agreements in place between Northern Superior and Neskantaga as part of the budgeted expenditures.
The option/joint venture agreement is subject to acceptance by the TSX Venture Exchange.
About Northern Superior Resources Inc.
Northern Superior Resources Inc. is a junior exploration company focused on exploring for gold in the Superior Province of the Canadian Shield. The Company currently has three high active, high quality gold exploration projects in Ontario and Quebec- TPK, Thorne Lake and Wachigabau (see Company web site, www.superior.com). These projects, and three more early stage gold exploration projects (Rapson Bay, Meston Lake and Lespinay), were all developed from the Company's extensive geoscientific data base. Additional gold exploration projects are currently being developed from this data base. In addition to optioning out the TPK property, the Company is currently looking to option-out its other 100% owned Rapson Bay, Meston Lake and Lespinay gold projects. Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX Venture Exchange under the symbol SUP.
About Rainy River Resources Ltd.
Rainy River Resources Ltd. is a Canadian precious metals exploration company whose key asset is the Rainy River gold project in Richardson Township in Northwestern Ontario. The Company's property is extremely well located, with easy access by a network of roads and in close proximity 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. The province of 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.
During the past several years the Company has been conducting a dual-focused exploration program on its Rainy River project, consisting of definition diamond drilling of the main gold resource with accompanying scoping-style studies, and selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered in the so-called 17/ODM/433 zones. To date its efforts have identified a total inferred and indicated resource of approximately 5 million ounces of gold. With a large land position, approximately CDN $65 million in the treasury, and numerous ore grade intercepts on drill targets outside the main resource of the 17/ODM/433 zones, Rainy River is well positioned to continue with its drill program and to continue planning for future development of a mine.
Forward looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act or 1995 (collectively, "forward looking statements"). Forward looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved or other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results, interpretation of results, the timing and success of exploration activities generally, the timing and results of future resource estimates, and future plans and objectives of Northern Superior or Rainy River are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Northern Superior's or Rainy River's expectations include exploration risks, changes in project parameters as plans continue to be refined, results of future resources estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward looking statements.
To view Figure 1: Comparison of TPK and Rainy River anomaly, as defined by RC drilling, please click here: http://media3.marketwire.com/docs/RRmap621.pdf.
Neither the 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:
Northern Superior Resources Inc.
Thomas F. Morris
President and CEO
(705) 525-0992
(705) 525-7701 (FAX)
info@nsuperior.ca
www.nsuperior.com
Rainy River Resources Inc.
Raymond Threlkeld
President and CEO
(647) 476-5407
(416) 642-9312 (FAX)
lcaridi@rainyriverresources.com
www.rainyriverresources.com
SOURCE: Rainy River Resources Ltd. and Northern Superior Resources Inc.
mailto:info@nsuperior.ca
http://www.nsuperior.com
mailto:lcaridi@rainyriverresources.com
http://www.rainyriverresources.com
Copyright 2010 Marketwire, Inc., All rights reserved.
mit ner eindrucksvollen rally innerhalb der letzten 18 monate
haben wir damit das 5-jahres- HOCH aus 12.2005 erreicht und
denke, daß mit den jüngsten news gute chancen bestehen, daß es
noch ´abisl´ weiter geht............
SK der vorwoche....cad 6,63
Antwort auf Beitrag Nr.: 39.745.104 von hbg55 am 28.06.10 12:16:18Brian Trenholm, Salida Capital
BUYS
Rainy River Resources Ltd. (RR/TSX-V)
Trenholm has a long position in Rainy River, which is advancing its 100%-owned gold property in Ontario.
“The company boasts a strong management team and ample cash to fund an aggressive 2010 drilling program, which will further expand and delineate the resource,” the manager says.
He notes that the resource currently sits at about 5 million ounces at good grades and the potential exists for as much as 10 million ounces on the property.
“In our view, Rainy River will grow into one of the more attractive undeveloped gold deposits in an appealing jurisdiction and is likely to attract increasing attention from larger suitors.”
Read more: http://network.nationalpost.com/NP/blogs/tradingdesk/archive…
BUYS
Rainy River Resources Ltd. (RR/TSX-V)
Trenholm has a long position in Rainy River, which is advancing its 100%-owned gold property in Ontario.
“The company boasts a strong management team and ample cash to fund an aggressive 2010 drilling program, which will further expand and delineate the resource,” the manager says.
He notes that the resource currently sits at about 5 million ounces at good grades and the potential exists for as much as 10 million ounces on the property.
“In our view, Rainy River will grow into one of the more attractive undeveloped gold deposits in an appealing jurisdiction and is likely to attract increasing attention from larger suitors.”
Read more: http://network.nationalpost.com/NP/blogs/tradingdesk/archive…
....heute gehts nach TOP- fund an die cad 7,- heran..........
Rainy River drills 407.9 g/t Au over 4.5 m
2010-08-31 08:15 ET - News Release
Mr. Raymond Threlkeld reports
RAINY RIVER INFILL DRILLING RETURNS 407.9 G/T GOLD (11.9 OZ/TON) OVER 4.5 METRES IN ODM ZONE
2010-08-31 08:15 ET - News Release
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRR-175681…
...und ne brandakt. pres. oben drauf.......
http://www.rainyriverresources.com/Theme/RainyRiver/files/RR…
Rainy River drills 407.9 g/t Au over 4.5 m
2010-08-31 08:15 ET - News Release
Mr. Raymond Threlkeld reports
RAINY RIVER INFILL DRILLING RETURNS 407.9 G/T GOLD (11.9 OZ/TON) OVER 4.5 METRES IN ODM ZONE
2010-08-31 08:15 ET - News Release
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRR-175681…
...und ne brandakt. pres. oben drauf.......
http://www.rainyriverresources.com/Theme/RainyRiver/files/RR…
Toll was Rainy River abliefert ....
Ich würde mal auf den Nachbarn Bayfield Ventures schauen - die kostet noch fast nichts und wird in einigen Jahren hoffentlich da stehen wo Rainy River jetzt kursmäßig steht.
Viel Spaß noch mit eurer Perle....
Ich würde mal auf den Nachbarn Bayfield Ventures schauen - die kostet noch fast nichts und wird in einigen Jahren hoffentlich da stehen wo Rainy River jetzt kursmäßig steht.
Viel Spaß noch mit eurer Perle....
Antwort auf Beitrag Nr.: 40.078.149 von Rohstoffinvestor am 31.08.10 21:59:37du bist nicht in RAINY investiert ? Ich auch nicht...leider...ich weiß, eine gute aktie kann man immer kaufen, aber ein kleiner rücksetzer wär dazu schon vonnöten..was meinst du?
mfg
skipper
mfg
skipper
Antwort auf Beitrag Nr.: 40.078.149 von Rohstoffinvestor am 31.08.10 21:59:37
.....Ich würde mal auf den Nachbarn Bayfield Ventures schauen - die kostet
noch fast nichts.......
hättest du das vor 2 monaten gesagt hätte ICH dir nicht widersprochen - SOOO
aber ists ein fall für.........LEMMINGE
schau dann lieber mal zu BCG,CT oder PEX - da sehen wir akt. immer noch
zuschnappkurse
.....Ich würde mal auf den Nachbarn Bayfield Ventures schauen - die kostet
noch fast nichts.......
hättest du das vor 2 monaten gesagt hätte ICH dir nicht widersprochen - SOOO
aber ists ein fall für.........LEMMINGE
schau dann lieber mal zu BCG,CT oder PEX - da sehen wir akt. immer noch
zuschnappkurse
...gestern neues ATH mit SK als TH von.....7,08
Schön, das mein Faden weitergeführt wird, poste allerdings nur noch sehr selten auf WO.
Niveau großteils "unterirdisch",will ich mir nicht mehr antun
Gruß Knrpel
Niveau großteils "unterirdisch",will ich mir nicht mehr antun
Gruß Knrpel
Antwort auf Beitrag Nr.: 40.288.747 von KNORPEL am 08.10.10 13:24:40Dabei gäbe es hier gerade jetzt Einiges zu schreiben über Kursverlauf und News.
March 30, 2011
Rainy River Resources Ltd.: 2011 Exploration Program Expanded to 170,000 Metres
Deep Exploration Drilling Discovers Significant Gold Mineralization 300 m Down-Plunge of Nearest Hole
TORONTO, ONTARIO--(Marketwire - March 30, 2011) - Rainy River Resources Ltd. (TSX VENTURE:RR) (the "Company" or "Rainy") announces further assay results from the Rainy River Gold Project ("RRGP") in Northwestern Ontario and a significant expansion to its 2011 diamond drilling program.
Highlights
-- 17 East Extension returns 4.6 g/t gold over 13.5 metres and 5.0 g/t gold
over 4.5 metres, with blue-sky potential at depth
-- Beaver Pond intersects 11.8 g/t gold over 9.0 metres, including 67.2 g/t
gold over 1.5 metres, 50 metres up- plunge of NR09-446 which returned
352.8 g/t gold over 6.0 metres
-- Western Area intersects 7.1 g/t gold and 23.0 g/t silver over 9.0
metres, 800 m northwest of Beaver Pond Zone
-- Gap Zone returns 24.1 g/t gold and 74.0 g/t silver over 1.5 metres, and
91.8 g/t gold over 1.5 metres inside conceptual pit shell and near
surface
-- Company mobilizing 4 additional drill rigs (3 NQ core size and 1 HQ wide
diameter core), and expands 2011 exploration program to 170,000 metres
17 East Extension
Deep exploration of the 17 Zone indicates that the zone is present at a vertical depth of 700 metres. Current results include 4.6 g/t gold over 13.5 m, including 29.5 g/t gold over 1.5 m in drill hole NR11-653. This hole is the deepest intersection to date within the 17 East Extension and is located 300 metres down plunge of the nearest hole (PE1001 which returned 3.0 g/t Au over 6.0 metres, see press release dated February 28, 2011). The mineralization intersected by this hole lies within the same plane as the mineralization of the ODM-17 Zone and is located approximately 250 metres along strike to the east. Hole NR11-653 is also open to the east and down plunge.
Two other holes were also drilled in the 17 East Extension, with NR11-645 returning 5.0 g/t gold over 4.5 m and NR11-636 returning 1.2 g/t gold and 15.1 g/t silver over 18.0 m. NR11-636 is located within the core of the 17 East Extension, while NR11-645 is located on the eastern edge of the zone and is open down-plunge.
Western Area
The Western Area is a new exploration target located approximately 800 metres northwest of the Beaver Pond ("BP") Zone, lying within a large magnetic low trend that hosts the Rainy River Gold Deposit and stretches over 10 km to the west of the Rainy River deposit. Results from three diamond drill holes are reported, with the most significant being NR11-648 which intersected 7.1 g/t gold and 23.0 g/t silver over 9.0 m, including 37.3 g/t gold and 132.0 g/t Ag over 1.5 m, at a depth of 120 metres below surface. Exploration in the Western Area is very early stage, and the presence of narrow intervals of high-grade gold and electrum in core clearly establishes a link with the Beaver Pond or 433-Zone geology. Exploration in this area will continue throughout 2011 to better define continuous trends.
Beaver Pond Zone - GAP Zone
GAP
Exploration within the GAP Zone has returned encouraging results near surface. Drill hole NR11-654 intersected 21.0 m grading 1.0 g/t gold 40 metres below surface, at the bedrock contact, with a deeper intercept of 3.2 g/t gold over 4.5 m in the HS zone. Deeper in the GAP Zone at 200 metres below surface, several narrow high-grade intercepts were intersected including drill hole NR11-639 with 91.8 g/t gold over 1.5 m, NR11-650 with 24.1 g/t gold and 74.0 g/t silver over 1.5 m, and a deeper intercept within the HS Zone of 22.2 g/t Au and 123.0 g/t silver, over 1.2 m. All of these intervals represent significant intersections that will impact the current resource estimate. Lower-grade mineralization over wider intervals was also encountered, with 0.7 g/t gold over 18.0 m in NR11-657 and 0.7 g/t gold over 21.0 m in NR11-639.
Beaver Pond
NR11-655 intersected 11.8 g/t Au over 9.0 metres, including 67.2 g/t Au over 1.5 metres. This intersection is located entirely within the Beaver Pond Zone and is of significance as it lies 50 metres up-plunge of NR09-446, which returned 352.8 g/t Au over 6.0 metres (see press release dated January 18, 2010).
Commentary
"Over the last year the Company has enjoyed significant discovery success with the infill drill program and more recently, with the step-out regional exploration drill program to the west and in the deep 17 East Extension Zone," commented Raymond Threlkeld, President and CEO. "Consequently, we have decided to intensify our exploration program by adding 4 drill rigs in the coming weeks, which will increase our total number of rigs to 10. The current plan is to conduct approximately 170,000 metres of drilling in 2011. The revised exploration program will dedicate 60% of the drilling towards regional exploration, 20% to define potential underground resources and 20% for further infill. We are continuing with pit optimization and drilling to convert Inferred resources into Indicated mineralization, to define a potential pit bottom and ultimately focus infill drilling on expanding the underground potential at depth. We are currently preparing a scoping study based on our current resource estimate which includes defining an optimized pit shell. As a result of the potential for an open pit to extend below the planned Advanced Exploration development ramp access, we will be re-evaluating the program. In the meantime, we are continuing with the permitting process, which is in its final stages of completion according to plan. We plan to defer the decision to proceed with the advanced exploration ramp until we have concluded this study."
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., Vice President Operations and Kerry Sparkes P.Geo. are the persons 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. 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. Over-limit samples were re-assayed with a gravimetric finish. Samples with visible gold were automatically analyzed for Ore Grade by 1000g 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 metres. ALS Canada Ltd. performed primary assaying, with duplicates being analyzed 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.
About Rainy River Resources Ltd.
Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River Gold Project. With over CAN$130 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 pre-feasibility studies, and 2) selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered 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. The Company is also working to advance the early-stage discoveries at its TPK Joint Venture Property, also in Ontario, where it can earn a 51% interest in the property from Northern Superior Resources Inc. 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 W. 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 fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.
Table 1: Summary of Results
---------------------------------------------------------------------------
Vertical From To LEN- Au Ag
HOLE-ID Section Depth (m) (m) (m) GTH g/t g/t Zone
---------------------------------------------------------------------------
NR11636 426290 517 630.0 648.0 18.0 1.2 15.1 17 EAST
EXTENSION
426293 533 658.5 660.0 1.5 2.9 17 EAST
EXTENSION
---------------------------------------------------------------------------
NR11637 424177 43 63.5 65.0 1.5 1.0 WESTERN AREA
424177 74 105.5 107.0 1.5 1.4 WESTERN AREA
424183 184 261.5 263.0 1.5 1.4 WESTERN AREA
---------------------------------------------------------------------------
NR11639 425094 228 276.0 277.5 1.5 91.8 THE GAP
425095 253 297.0 318.0 21.0 0.7 THE GAP
---------------------------------------------------------------------------
NR11640 425373 74 69.5 111.5 42.0 0.8 ODM
425375 181 228.5 230.0 1.5 1.5 HS
---------------------------------------------------------------------------
NR11641 425193 230 290.0 291.5 1.5 3.2 THE GAP
425199 376 483.5 485.0 1.5 1.1 HS
---------------------------------------------------------------------------
NR11642 425068 168 201.0 202.5 1.5 1.2 THE GAP
---------------------------------------------------------------------------
NR11643 425128 179 220.5 222.0 1.5 1.2 THE GAP
425125 236 292.5 297.0 4.5 2.3 THE GAP
425123 315 396.0 400.5 4.5 0.8 HS
425123 334 423.0 424.5 1.5 1.1 HS
---------------------------------------------------------------------------
NR11644 425174 288 362.0 365.0 3.0 2.3 HS
425175 298 377.0 378.5 1.5 5.7 HS
---------------------------------------------------------------------------
NR11645 426333 575 723.0 724.5 1.5 1.9 17 EAST
EXTENSION
426342 606 763.5 768.0 4.5 5.0 17 EAST
EXTENSION
---------------------------------------------------------------------------
NR11646 425105 87 106.6 108.0 1.4 3.8 THE GAP
425100 322 423.0 424.5 1.5 1.9 HS
---------------------------------------------------------------------------
NR11647 425325 94 113.0 114.5 1.5 1.7 ODM
425325 268 333.5 335.0 1.5 1.3 HS
---------------------------------------------------------------------------
NR11648 424141 35 47.0 50.0 3.0 1.0 WESTERN AREA
424141 109 138.5 147.5 9.0 7.1 23.0 WESTERN AREA
INCL 424141 106 138.5 140.0 1.5 37.3 132.0 WESTERN AREA
---------------------------------------------------------------------------
NR11649 425090 259 327.0 333.0 6.0 1.1 HS
425092 307 393.0 394.5 1.5 2.5 HS
425092 313 402.0 403.5 1.5 2.5 HS
---------------------------------------------------------------------------
NR11650 425046 208 257.0 258.5 1.5 24.1 74.0 THE GAP
425052 326 408.5 410.0 1.5 1.8 21.7 HS
425053 349 438.0 439.2 1.2 22.2 123.0 HS
425055 373 470.0 471.5 1.5 2.2 HS
---------------------------------------------------------------------------
NR11651 425089 109 135.0 136.5 1.5 3.6 THE GAP
425092 186 235.5 237.0 1.5 1.2 HS
425094 229 291.0 295.5 4.5 0.7 HS
425099 320 417.0 418.5 1.5 1.7 HS
425100 339 442.5 444.0 1.5 2.0 HS
---------------------------------------------------------------------------
NR11653 426093 698 780.0 793.5 13.5 4.6 17 EAST
EXTENSION
INCL 426094 708 792.0 793.5 1.5 29.5 17 EAST
EXTENSION
426096 717 802.5 804.0 1.5 1.2 17 EAST
EXTENSION
426097 723 810.0 811.5 1.5 1.4 17 EAST
EXTENSION
426098 729 817.5 819.0 1.5 2.7 17 EAST
EXTENSION
---------------------------------------------------------------------------
NR11654 425103 42 40.5 61.5 21.0 1.0 THE GAP
425098 205 259.5 264.0 4.5 3.2 HS
---------------------------------------------------------------------------
NR11655 424936 98 123.4 125.0 1.6 1.1 BP HW
424936 123 155.0 156.5 1.5 4.3 BP HW
424936 204 254.0 263.0 9.0 11.8 BP
INCL 424936 202 255.5 257.0 1.5 67.2 BP
424937 249 315.5 317.0 1.5 1.1 HS
424938 283 360.5 362.0 1.5 5.0 HS
424945 393 506.0 507.5 1.5 1.6 HS
---------------------------------------------------------------------------
NR11657 425136 138 170.2 172.2 2.0 2.4 THE GAP
425136 155 183.0 201.0 18.0 0.7 THE GAP
---------------------------------------------------------------------------
NR11658 NSA
---------------------------------------------------------------------------
NR11660 424060 25 33.5 35.0 1.5 2.0 WESTERN AREA
424060 28 38.0 39.5 1.5 1.9 WESTERN AREA
424060 50 66.5 68.0 1.5 1.9 WESTERN AREA
424062 107 144.5 146.0 1.5 2.8 WESTERN AREA
424071 214 293.0 294.5 1.5 1.2 WESTERN AREA
424076 260 357.5 359.0 1.5 1.0 WESTERN AREA
---------------------------------------------------------------------------
NR11662 425172 62 73.5 76.5 3.0 1.4 THE GAP
---------------------------------------------------------------------------
To view the maps accompanying this press release please visit the following link: http://media3.marketwire.com/docs/RRmap330.pdf
Rainy River Resources Ltd.: 2011 Exploration Program Expanded to 170,000 Metres
Deep Exploration Drilling Discovers Significant Gold Mineralization 300 m Down-Plunge of Nearest Hole
TORONTO, ONTARIO--(Marketwire - March 30, 2011) - Rainy River Resources Ltd. (TSX VENTURE:RR) (the "Company" or "Rainy") announces further assay results from the Rainy River Gold Project ("RRGP") in Northwestern Ontario and a significant expansion to its 2011 diamond drilling program.
Highlights
-- 17 East Extension returns 4.6 g/t gold over 13.5 metres and 5.0 g/t gold
over 4.5 metres, with blue-sky potential at depth
-- Beaver Pond intersects 11.8 g/t gold over 9.0 metres, including 67.2 g/t
gold over 1.5 metres, 50 metres up- plunge of NR09-446 which returned
352.8 g/t gold over 6.0 metres
-- Western Area intersects 7.1 g/t gold and 23.0 g/t silver over 9.0
metres, 800 m northwest of Beaver Pond Zone
-- Gap Zone returns 24.1 g/t gold and 74.0 g/t silver over 1.5 metres, and
91.8 g/t gold over 1.5 metres inside conceptual pit shell and near
surface
-- Company mobilizing 4 additional drill rigs (3 NQ core size and 1 HQ wide
diameter core), and expands 2011 exploration program to 170,000 metres
17 East Extension
Deep exploration of the 17 Zone indicates that the zone is present at a vertical depth of 700 metres. Current results include 4.6 g/t gold over 13.5 m, including 29.5 g/t gold over 1.5 m in drill hole NR11-653. This hole is the deepest intersection to date within the 17 East Extension and is located 300 metres down plunge of the nearest hole (PE1001 which returned 3.0 g/t Au over 6.0 metres, see press release dated February 28, 2011). The mineralization intersected by this hole lies within the same plane as the mineralization of the ODM-17 Zone and is located approximately 250 metres along strike to the east. Hole NR11-653 is also open to the east and down plunge.
Two other holes were also drilled in the 17 East Extension, with NR11-645 returning 5.0 g/t gold over 4.5 m and NR11-636 returning 1.2 g/t gold and 15.1 g/t silver over 18.0 m. NR11-636 is located within the core of the 17 East Extension, while NR11-645 is located on the eastern edge of the zone and is open down-plunge.
Western Area
The Western Area is a new exploration target located approximately 800 metres northwest of the Beaver Pond ("BP") Zone, lying within a large magnetic low trend that hosts the Rainy River Gold Deposit and stretches over 10 km to the west of the Rainy River deposit. Results from three diamond drill holes are reported, with the most significant being NR11-648 which intersected 7.1 g/t gold and 23.0 g/t silver over 9.0 m, including 37.3 g/t gold and 132.0 g/t Ag over 1.5 m, at a depth of 120 metres below surface. Exploration in the Western Area is very early stage, and the presence of narrow intervals of high-grade gold and electrum in core clearly establishes a link with the Beaver Pond or 433-Zone geology. Exploration in this area will continue throughout 2011 to better define continuous trends.
Beaver Pond Zone - GAP Zone
GAP
Exploration within the GAP Zone has returned encouraging results near surface. Drill hole NR11-654 intersected 21.0 m grading 1.0 g/t gold 40 metres below surface, at the bedrock contact, with a deeper intercept of 3.2 g/t gold over 4.5 m in the HS zone. Deeper in the GAP Zone at 200 metres below surface, several narrow high-grade intercepts were intersected including drill hole NR11-639 with 91.8 g/t gold over 1.5 m, NR11-650 with 24.1 g/t gold and 74.0 g/t silver over 1.5 m, and a deeper intercept within the HS Zone of 22.2 g/t Au and 123.0 g/t silver, over 1.2 m. All of these intervals represent significant intersections that will impact the current resource estimate. Lower-grade mineralization over wider intervals was also encountered, with 0.7 g/t gold over 18.0 m in NR11-657 and 0.7 g/t gold over 21.0 m in NR11-639.
Beaver Pond
NR11-655 intersected 11.8 g/t Au over 9.0 metres, including 67.2 g/t Au over 1.5 metres. This intersection is located entirely within the Beaver Pond Zone and is of significance as it lies 50 metres up-plunge of NR09-446, which returned 352.8 g/t Au over 6.0 metres (see press release dated January 18, 2010).
Commentary
"Over the last year the Company has enjoyed significant discovery success with the infill drill program and more recently, with the step-out regional exploration drill program to the west and in the deep 17 East Extension Zone," commented Raymond Threlkeld, President and CEO. "Consequently, we have decided to intensify our exploration program by adding 4 drill rigs in the coming weeks, which will increase our total number of rigs to 10. The current plan is to conduct approximately 170,000 metres of drilling in 2011. The revised exploration program will dedicate 60% of the drilling towards regional exploration, 20% to define potential underground resources and 20% for further infill. We are continuing with pit optimization and drilling to convert Inferred resources into Indicated mineralization, to define a potential pit bottom and ultimately focus infill drilling on expanding the underground potential at depth. We are currently preparing a scoping study based on our current resource estimate which includes defining an optimized pit shell. As a result of the potential for an open pit to extend below the planned Advanced Exploration development ramp access, we will be re-evaluating the program. In the meantime, we are continuing with the permitting process, which is in its final stages of completion according to plan. We plan to defer the decision to proceed with the advanced exploration ramp until we have concluded this study."
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., Vice President Operations and Kerry Sparkes P.Geo. are the persons 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. 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. Over-limit samples were re-assayed with a gravimetric finish. Samples with visible gold were automatically analyzed for Ore Grade by 1000g 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 metres. ALS Canada Ltd. performed primary assaying, with duplicates being analyzed 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.
About Rainy River Resources Ltd.
Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River Gold Project. With over CAN$130 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 pre-feasibility studies, and 2) selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered 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. The Company is also working to advance the early-stage discoveries at its TPK Joint Venture Property, also in Ontario, where it can earn a 51% interest in the property from Northern Superior Resources Inc. 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 W. 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 fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company 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 may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.
Table 1: Summary of Results
---------------------------------------------------------------------------
Vertical From To LEN- Au Ag
HOLE-ID Section Depth (m) (m) (m) GTH g/t g/t Zone
---------------------------------------------------------------------------
NR11636 426290 517 630.0 648.0 18.0 1.2 15.1 17 EAST
EXTENSION
426293 533 658.5 660.0 1.5 2.9 17 EAST
EXTENSION
---------------------------------------------------------------------------
NR11637 424177 43 63.5 65.0 1.5 1.0 WESTERN AREA
424177 74 105.5 107.0 1.5 1.4 WESTERN AREA
424183 184 261.5 263.0 1.5 1.4 WESTERN AREA
---------------------------------------------------------------------------
NR11639 425094 228 276.0 277.5 1.5 91.8 THE GAP
425095 253 297.0 318.0 21.0 0.7 THE GAP
---------------------------------------------------------------------------
NR11640 425373 74 69.5 111.5 42.0 0.8 ODM
425375 181 228.5 230.0 1.5 1.5 HS
---------------------------------------------------------------------------
NR11641 425193 230 290.0 291.5 1.5 3.2 THE GAP
425199 376 483.5 485.0 1.5 1.1 HS
---------------------------------------------------------------------------
NR11642 425068 168 201.0 202.5 1.5 1.2 THE GAP
---------------------------------------------------------------------------
NR11643 425128 179 220.5 222.0 1.5 1.2 THE GAP
425125 236 292.5 297.0 4.5 2.3 THE GAP
425123 315 396.0 400.5 4.5 0.8 HS
425123 334 423.0 424.5 1.5 1.1 HS
---------------------------------------------------------------------------
NR11644 425174 288 362.0 365.0 3.0 2.3 HS
425175 298 377.0 378.5 1.5 5.7 HS
---------------------------------------------------------------------------
NR11645 426333 575 723.0 724.5 1.5 1.9 17 EAST
EXTENSION
426342 606 763.5 768.0 4.5 5.0 17 EAST
EXTENSION
---------------------------------------------------------------------------
NR11646 425105 87 106.6 108.0 1.4 3.8 THE GAP
425100 322 423.0 424.5 1.5 1.9 HS
---------------------------------------------------------------------------
NR11647 425325 94 113.0 114.5 1.5 1.7 ODM
425325 268 333.5 335.0 1.5 1.3 HS
---------------------------------------------------------------------------
NR11648 424141 35 47.0 50.0 3.0 1.0 WESTERN AREA
424141 109 138.5 147.5 9.0 7.1 23.0 WESTERN AREA
INCL 424141 106 138.5 140.0 1.5 37.3 132.0 WESTERN AREA
---------------------------------------------------------------------------
NR11649 425090 259 327.0 333.0 6.0 1.1 HS
425092 307 393.0 394.5 1.5 2.5 HS
425092 313 402.0 403.5 1.5 2.5 HS
---------------------------------------------------------------------------
NR11650 425046 208 257.0 258.5 1.5 24.1 74.0 THE GAP
425052 326 408.5 410.0 1.5 1.8 21.7 HS
425053 349 438.0 439.2 1.2 22.2 123.0 HS
425055 373 470.0 471.5 1.5 2.2 HS
---------------------------------------------------------------------------
NR11651 425089 109 135.0 136.5 1.5 3.6 THE GAP
425092 186 235.5 237.0 1.5 1.2 HS
425094 229 291.0 295.5 4.5 0.7 HS
425099 320 417.0 418.5 1.5 1.7 HS
425100 339 442.5 444.0 1.5 2.0 HS
---------------------------------------------------------------------------
NR11653 426093 698 780.0 793.5 13.5 4.6 17 EAST
EXTENSION
INCL 426094 708 792.0 793.5 1.5 29.5 17 EAST
EXTENSION
426096 717 802.5 804.0 1.5 1.2 17 EAST
EXTENSION
426097 723 810.0 811.5 1.5 1.4 17 EAST
EXTENSION
426098 729 817.5 819.0 1.5 2.7 17 EAST
EXTENSION
---------------------------------------------------------------------------
NR11654 425103 42 40.5 61.5 21.0 1.0 THE GAP
425098 205 259.5 264.0 4.5 3.2 HS
---------------------------------------------------------------------------
NR11655 424936 98 123.4 125.0 1.6 1.1 BP HW
424936 123 155.0 156.5 1.5 4.3 BP HW
424936 204 254.0 263.0 9.0 11.8 BP
INCL 424936 202 255.5 257.0 1.5 67.2 BP
424937 249 315.5 317.0 1.5 1.1 HS
424938 283 360.5 362.0 1.5 5.0 HS
424945 393 506.0 507.5 1.5 1.6 HS
---------------------------------------------------------------------------
NR11657 425136 138 170.2 172.2 2.0 2.4 THE GAP
425136 155 183.0 201.0 18.0 0.7 THE GAP
---------------------------------------------------------------------------
NR11658 NSA
---------------------------------------------------------------------------
NR11660 424060 25 33.5 35.0 1.5 2.0 WESTERN AREA
424060 28 38.0 39.5 1.5 1.9 WESTERN AREA
424060 50 66.5 68.0 1.5 1.9 WESTERN AREA
424062 107 144.5 146.0 1.5 2.8 WESTERN AREA
424071 214 293.0 294.5 1.5 1.2 WESTERN AREA
424076 260 357.5 359.0 1.5 1.0 WESTERN AREA
---------------------------------------------------------------------------
NR11662 425172 62 73.5 76.5 3.0 1.4 THE GAP
---------------------------------------------------------------------------
To view the maps accompanying this press release please visit the following link: http://media3.marketwire.com/docs/RRmap330.pdf
das bei dieser Aktie nichts los ist. Verstehe wer kann.
Schöne Kaufkurse.
Schöne Kaufkurse.
keine schlechte Präsentation in Zürich.
Die kommen wieder.
Die kommen wieder.
wer da?
gab doch vor kurzem ne anhöhung der investitionskosten von ca. 150 millionen. deshalb kackt der kurs auch so dermaßen rum.
Verkaufen !!!!!!!!
Zitat von dosto: Verkaufen !!!!!!!!
warum VERKAUFEN ???
begründe doch mal deine Sicht der Dinge Dosto
würde eher zukaufen als bei 2,75 abstoßen, fundamental hat sich nix wesentliches verschlechtert ca 100 mio. cash und die resourcen sind bei 6 mio ounces schlag mich tot , denke hier wird nur massiv geshortet um billig an RR ranzukommen
wer sitzfleisch hat macht hier noch sein Schnittchen
gebe zu bin nicht immer auf dem laufenden da ich RR schon seit jahren halte (2007) , spekuliere auf Übernahme bei +10 Mio unzen
Gruß Knorpel
Die Begründung.
Du wirst die Gurke auch noch für 3 Dollar bekommen.
Also verkaufen
im Moment bringt sie 3.69
1000 Stück also 3.690 Dollar
Wer meint er braucht das Ding
kauft sich bei 3Dollar
1.230 zurück
ich denke das Argument überzeugt.
Das sind 20
% mehr
Nachkäufe sind für mich Stuß hoch 3, da viele damit nicht wirklich in der Praxis umgehen können.
Thats all
Du wirst die Gurke auch noch für 3 Dollar bekommen.
Also verkaufen
im Moment bringt sie 3.69
1000 Stück also 3.690 Dollar
Wer meint er braucht das Ding
kauft sich bei 3Dollar
1.230 zurück
ich denke das Argument überzeugt.
Das sind 20
% mehr
Nachkäufe sind für mich Stuß hoch 3, da viele damit nicht wirklich in der Praxis umgehen können.
Thats all
P.S.
ganz nebenbei
Ich bin Short
in this thing und das seit 10 Dollar,
ich brauch den Restdollar nicht zum bashen,
also meine ehrliche Einstellung.
ganz nebenbei
Ich bin Short
in this thing und das seit 10 Dollar,
ich brauch den Restdollar nicht zum bashen,
also meine ehrliche Einstellung.
Antwort auf Beitrag Nr.: 44.133.410 von dosto am 12.02.13 21:41:38So, heute erste Position aufgebaut. Schaun wir mal, wie tief es noch fällt
JMF
JMF
Antwort auf Beitrag Nr.: 44.159.492 von JamesMcFly am 19.02.13 17:54:19interssiert mich nicht.
Ich werde die Aktie verlassen und bestimmt nicht kaufen.
Ich werde die Aktie verlassen und bestimmt nicht kaufen.
Buyout!!!!
http://www.rainyriverresources.com/Investors/News/default.as…
Immerhin geh ich hier nach kurzer Investitionszeit mit knapp 60% Gewinn raus
JMF
http://www.rainyriverresources.com/Investors/News/default.as…
Immerhin geh ich hier nach kurzer Investitionszeit mit knapp 60% Gewinn raus
JMF
Antwort auf Beitrag Nr.: 44.757.729 von JamesMcFly am 31.05.13 13:22:19jA KLAR;
AM 19.92 stand die Gurke bei
3,43
aber die vielen Nachkäufe deinerseits haben es wohl gebracht.
Wie immer, ich glaube da kein Wort.
AM 19.92 stand die Gurke bei
3,43
aber die vielen Nachkäufe deinerseits haben es wohl gebracht.
Wie immer, ich glaube da kein Wort.
Antwort auf Beitrag Nr.: 44.759.503 von dosto am 31.05.13 16:11:13Die habe ich ! AUFGEKAUFT ! sAUBER
gebe zu bin nicht immer auf dem laufenden da ich RR schon seit jahren halte (2007) , spekuliere auf Übernahme bei +10 Mio unzen
-------------------------------------------------------------------------
ja klar man hat jetzt
4 Millionen Unzen wohl bezahlt
das Stück für
68 Dallar.
Entspricht das deinen Wünschen.
Ehrlich, ich glaube nicht.
Wäre Zeit mit Illusionen aufzuräumen solltest du noch
andere Explorer haben.
-------------------------------------------------------------------------
ja klar man hat jetzt
4 Millionen Unzen wohl bezahlt
das Stück für
68 Dallar.
Entspricht das deinen Wünschen.
Ehrlich, ich glaube nicht.
Wäre Zeit mit Illusionen aufzuräumen solltest du noch
andere Explorer haben.
Antwort auf Beitrag Nr.: 44.759.547 von dosto am 31.05.13 16:14:42Mir ist es Recht ! Kann so weitergehen, mit Sabina, resolute Mining, jaguar mining, Scorpio.... und meinen diversen anderen EM Buden. Es darf fleissig übernommen werden
Antwort auf Beitrag Nr.: 44.759.529 von Keilfleckbarbe am 31.05.13 16:12:56Keili,
du bist mir aber einer.
Du hast mir nie gesagt, daß die 50 Mille mehr in der Tasche hast
als ich.
Was hätten wir mit 500 Millionen zusammen besseres anstellen können.
Viel!!!!!!
hast du noch Kohle frei ?
Ich hab meine Kohle noch, sitzt jetzt auf 0,4 %
All my money is in the pocket
und schleicht nicht im Markt rum.
Warum auch
zu teuer der Markt samt Minern
du bist mir aber einer.
Du hast mir nie gesagt, daß die 50 Mille mehr in der Tasche hast
als ich.
Was hätten wir mit 500 Millionen zusammen besseres anstellen können.
Viel!!!!!!
hast du noch Kohle frei ?
Ich hab meine Kohle noch, sitzt jetzt auf 0,4 %
All my money is in the pocket
und schleicht nicht im Markt rum.
Warum auch
zu teuer der Markt samt Minern
Antwort auf Beitrag Nr.: 44.759.529 von Keilfleckbarbe am 31.05.13 16:12:56Jetzt kann man den Thread auflösen
Alle haben gewonnen.
Kann noch einer den letzten
10 Jahreschart liefern?
Alle haben gewonnen.
Kann noch einer den letzten
10 Jahreschart liefern?
Antwort auf Beitrag Nr.: 44.759.677 von dosto am 31.05.13 16:25:13hier, also auch der Langfristanleger ist nach 10 Jahren im Plus
Ist für mich ok, der Chart schrie nach einer Erholung, fundamental ist und war mir völlig egal. Kaufe Minen nur noch nach Crash.
Ist für mich ok, der Chart schrie nach einer Erholung, fundamental ist und war mir völlig egal. Kaufe Minen nur noch nach Crash.
Scorpio
kauft keiner,
also nach Profit im Kurs
weg mit der
Gurke
kauft keiner,
also nach Profit im Kurs
weg mit der
Gurke
Antwort auf Beitrag Nr.: 44.759.659 von dosto am 31.05.13 16:23:45Egal, die Gurken sind doch alle ausgelutscht, da kommen noch ein paar schöne Übernahmen, um Kosten zu senken und Ressourcen zu bekommen. Bei um die 2 würde ich sogar Hecla einkaufen Fundamental ist eh sinnlos bei Minen, kostet nur Zeit und betrogen wird eh. Also kaufen, wenn die Kurse minimum 60-70 % verloren haben und dann auf viele Gurken streuen. Dann stimmt es in der Breite
Antwort auf Beitrag Nr.: 44.759.801 von dosto am 31.05.13 16:33:26Ach weisst du, die Miner sind so blöd, da kaufen die Schlechten sogar die Schlechtesten auf Und wenn der Markt geht, kaufen mir die Lemming Scorpio hoch. Da bin ich ganz locker
Antwort auf Beitrag Nr.: 44.759.719 von Keilfleckbarbe am 31.05.13 16:28:54Ich kaufe immer auf fundamentaler Sicht, auch wenn timing eine große Rolle spielt. Also, "Qualitätswerte" in einer "crash"-Phase kaufen)Denn wenn die Qualität stimmt, erholen sich die Werte auch wieder.
Für den Langfristinvestor war das sicherlich kein guter Preis, man bedenke, wo die Aktie noch vor ein paar Monaten/Jahren stand. Anderseits bekommt man pro 2 RR shares 1 New Gold share.
@Keilfleckbarbe: Ich halte keiner deiner genannten Werte
JMF
Für den Langfristinvestor war das sicherlich kein guter Preis, man bedenke, wo die Aktie noch vor ein paar Monaten/Jahren stand. Anderseits bekommt man pro 2 RR shares 1 New Gold share.
@Keilfleckbarbe: Ich halte keiner deiner genannten Werte
JMF
ja, die Langfristfristanleger haben aber nicht bei 10 verkauft,
das war zu wenig,
sondern sie haben bei 4-6 Dollar
nachgeschippt.
Das macht dann jeden SuperEinstand futsch.
Also Keili:
Stategie: viel kaufen bei 1 Dollar,
nix nachlegen und Gewinne mal rausnehmen.
Wie immer
Ihr anlageberater
Dosto.
das war zu wenig,
sondern sie haben bei 4-6 Dollar
nachgeschippt.
Das macht dann jeden SuperEinstand futsch.
Also Keili:
Stategie: viel kaufen bei 1 Dollar,
nix nachlegen und Gewinne mal rausnehmen.
Wie immer
Ihr anlageberater
Dosto.
bekommt man pro 2 RR shares 1 New Gold share.
und hast du eine fundamentale Einstellung zu New Gold
Die haben mit keiner Mine (azgl. CAPEX-Kosten) im
1. Quartal Gewinne gemacht, die sich lohnen würden zu erwähnen.
New Gold kommt mir beinahe wie Barrick vor, zuviel am Hals.
Sollten die Metallpreise nicht mitspielen die nächsten 2 Jahre,
wird auch New Gold für wenig übernommen.
und hast du eine fundamentale Einstellung zu New Gold
Die haben mit keiner Mine (azgl. CAPEX-Kosten) im
1. Quartal Gewinne gemacht, die sich lohnen würden zu erwähnen.
New Gold kommt mir beinahe wie Barrick vor, zuviel am Hals.
Sollten die Metallpreise nicht mitspielen die nächsten 2 Jahre,
wird auch New Gold für wenig übernommen.
Antwort auf Beitrag Nr.: 44.759.843 von JamesMcFly am 31.05.13 16:36:48Ich kaufe nur noch Schrott, da weis ich woran ich bin ! Schrott+Kursdesaster
Antwort auf Beitrag Nr.: 44.759.821 von Keilfleckbarbe am 31.05.13 16:34:56OK
auf Lemminge und BB ist meist Verlaß.
Besser man läßt diese das scheinbar Fundamentale machen
hält sich raus, denkt seinen Teil.
Und spielt sie einfach psychologisch aus.
Die einzige Taktik die bei Explorern in der Breite funktioniert.
Je fequentierter die W.O. Thread, desto besser die Möglichkeiten.
Je tiefer das Wissen der Explorer-Begleiter, umso größer
die Gier, und umso mehr das Versagen am Markt
(meist)
auf Lemminge und BB ist meist Verlaß.
Besser man läßt diese das scheinbar Fundamentale machen
hält sich raus, denkt seinen Teil.
Und spielt sie einfach psychologisch aus.
Die einzige Taktik die bei Explorern in der Breite funktioniert.
Je fequentierter die W.O. Thread, desto besser die Möglichkeiten.
Je tiefer das Wissen der Explorer-Begleiter, umso größer
die Gier, und umso mehr das Versagen am Markt
(meist)
Antwort auf Beitrag Nr.: 44.759.965 von Keilfleckbarbe am 31.05.13 16:44:0525 cent Schrott
wie aus dem Kaugummi-Automaten
CGR
RVM
alles mal Darlings gewisser Mafiosis gewesen,
die müssen aber wie ich short gewesen wenn, wenn sie Kohle
machen wollten.
Jetzt kostet das drucken der Aktie mehr.
Am besten du läßt dir die Aktien liefern (bitte nicht alle
dürfen das tun- sonst sind die Pleite, bei der Stückzahl und den Portokosten)
wie aus dem Kaugummi-Automaten
CGR
RVM
alles mal Darlings gewisser Mafiosis gewesen,
die müssen aber wie ich short gewesen wenn, wenn sie Kohle
machen wollten.
Jetzt kostet das drucken der Aktie mehr.
Am besten du läßt dir die Aktien liefern (bitte nicht alle
dürfen das tun- sonst sind die Pleite, bei der Stückzahl und den Portokosten)
Antwort auf Beitrag Nr.: 44.759.911 von dosto am 31.05.13 16:40:24Nein, hab mich nicht mit dem Unternehmen beschäftigt, kaufe auch keine Produzenten.
Ich nehme das cash.
Allen viel Erfolg weiterhin.
JMF
Ich nehme das cash.
Allen viel Erfolg weiterhin.
JMF
Börsenkrieger ist Fundamentalist was Explorer angeht.
Er erkennt jeden Wert.
Auch hat er das nötige Sitzfleisch um mal 300 % Profit suasen zu lassen,
um dann bei 50 % minus nachzufassen.
Man nennt das verbilligen.
Ich nenne das Wahnsinn 300 % sausen zu lassen.
Er erkennt jeden Wert.
Auch hat er das nötige Sitzfleisch um mal 300 % Profit suasen zu lassen,
um dann bei 50 % minus nachzufassen.
Man nennt das verbilligen.
Ich nenne das Wahnsinn 300 % sausen zu lassen.
Antwort auf Beitrag Nr.: 44.760.075 von JamesMcFly am 31.05.13 16:56:08Hoffentlich machen das nicht zuviele
sie haben zwar 680 Millionen in der Kasse (hat mir einer Stolz
gepostet)
aber auch über 1 Mia Schulden an den Socken.
Außerdem jetzt dann 500 Millionen Shares am Hacken.
Die brauchen schon ein ige Zeit um ihre Market Cap zu verdienen.
Aber man hat jetzt SSuper-Projekte
z.B. El Morro ist wie P.Lam- arsch, kein Wasser in Sicht,
dort in Nordchile und die Bevölkerung schnell am Hals.
sie haben zwar 680 Millionen in der Kasse (hat mir einer Stolz
gepostet)
aber auch über 1 Mia Schulden an den Socken.
Außerdem jetzt dann 500 Millionen Shares am Hacken.
Die brauchen schon ein ige Zeit um ihre Market Cap zu verdienen.
Aber man hat jetzt SSuper-Projekte
z.B. El Morro ist wie P.Lam- arsch, kein Wasser in Sicht,
dort in Nordchile und die Bevölkerung schnell am Hals.
New Gold legt Übernahmeangebot für Developer Rainy River vor
Die nächste Übernahme im Goldsektor wird vom mittelgroßen Produzenten New Gold (NYE.NGD) eingeleitet, der ein Angebot für Developer Rainy River Resources (T.RR) Ende letzter Woche vorlegt. Erneut findet die Akquisition einer Multi-Millionen Goldunzen-Lagerstätte in Nordamerika statt..
Link: http://rohstoffaktien.blogspot.de/2013/06/new-gold-legt-uber…
Die nächste Übernahme im Goldsektor wird vom mittelgroßen Produzenten New Gold (NYE.NGD) eingeleitet, der ein Angebot für Developer Rainy River Resources (T.RR) Ende letzter Woche vorlegt. Erneut findet die Akquisition einer Multi-Millionen Goldunzen-Lagerstätte in Nordamerika statt..
Link: http://rohstoffaktien.blogspot.de/2013/06/new-gold-legt-uber…
Bitte Schliessen RR ist geschichte
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