Exploring for Gold in the Rainy River and Red Lake districts of Northwestern Ontario

81m @ 5.08 g/t Gold, 28m @ 13.28 g/t Gold, 9m @ 12.88 g/t Gold, 46.6m @ 2.28 g/t Gold plus Bonanza grade Silver (up to 1760 g/t)

Free
Message: ODM 17 vs Burns Block vs 17 Zone
Reply New Message
Prev Message Back To Forum Threaded View Next Message

???

Robust Gold Intersection Recorded On The Bayfield "Burns Block" Another New Gold Zone Emerging Along Rainy River's 17 Gold Trend Nr08-283 Intersects 4.5 Metres Grading 7.34 G/T Gold

09/16/2008
Download this Press Release


Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (RR.TSX-V) is pleased to report that another new gold zone is emerging along the 3.5 km long 17 Gold Trend. This trend, which has been systematically explored for a 1.6 km strike length, hosts the Beaver Pond, ODM and 17 Zones and now the 17 East Zone. Similar to the new discovery announced in the Company's September 9th, 2008 release, the 17 East Zone lies in an area of thin overburden and extensive bedrock outcrops outside the previously interpreted eastern margin of the main caldera anomaly, one of Canada's largest gold footprints. The first indications of the 17 East Zone were obtained late last year in hole NR07-189 (news release dated October 15, 2007) but the zone was not pursued at that time because the surface outcrops are not anomalous in gold. The newest intersection, in Hole NR08-283, extends the zone further east onto the "Burns Block", 100%-owned by Bayfield Ventures Corp. (BYV.TSX-V). Under an option agreement, Rainy River has the right to earn a 60% interest in the Burns Block property over a 3-year period by incurring $1 million in exploration expenditures in each year during the term of the option (news release dated December 3, 2007).

Hole NR08-283, a 42 m step-out east of NR08-258 (news release July 29, 2008), was collared near the eastern boundary of Rainy River's property but deviated eastward where, approximately 30 metres inside the "Burns Block" at the -420 m level, it intersected a 4.5 m interval grading 7.34 g/t Au. Hole NR08-258 intersected 10.5 m grading 2.83 g/t Au and NR07-189, approximately 150 m further west, intersected 9.0 m grading 6.64 g/t Au. The strike length of the 17 East Zone is now 190 metres and the zone remains open in all directions. The details of the mineralized intervals for holes NR08-283, NR08-258 and NR08-189 are highlighted in Table I below and the hole locations will be posted on the Company's website www.rainyriverresources.com.

Two of the four rigs actively drilling within the large gold footprint have now been mobilized to the Burns Block. One will be dedicated to the northern part of the property and the second rig ,which is capable of drilling greater than 1000-metre holes, will continue to define the 17 East Zone both up-plunge and along strike.

Nelson Baker remarked: "This marks the second important new gold discovery for Rainy in the space of a few weeks. Both occur in an area that was previously thought to be outside of the large gold footprint. This is truly an unusual gold project with so much upside potential for additional discoveries".

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., the Company's regional exploration manager, is responsible for supervising the Off Lake area exploration 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.
2 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply