Fire River Gold Announces Further Drill Results

Nixon Fork Gold Mine Hosts Turn Key Mine Operation

NI 43-101 indicated resource of 128,500 ounces and inferred 74,600 ounces of gold

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Fire River Gold Announces Further Drill Results

posted on Aug 23, 2011 02:01PM

VANCOUVER, Aug. 23, 2011 /CNW/ - Fire River Gold Corp. (the "Company", "FAU") (TSX.V: FAU), (OTCQX: FVGCF), (FSE: FWR) is pleased to announce additional high-grade results obtained from holes drilled during its 2011 drill program at the Nixon Fork Gold Mine, situated in Alaska's Tintina Gold Belt. The Company has received and confirmed assay results from the drill holes N11U-101 to N11U-199 from the 3300, 3100 and 3000 Zones. This series of drill holes were extremely productive in expanding the extent of the gold mineralization of the 3300 zone. Of particular note is hole number N11U-175.

Fire River Gold will be continuing to drill on its property in order to aid stope design, grow the resource and expand the life of mine.

HOLE #	TARGET	FROM (m)	TO (m)	WIDTH (m)	Au (g/t)	Au (opt)	Ag (g/t)	Ag (opt)	Cu (%)
N11U-102	3300-240	19.2	22.3	3.1	12.8	0.37	1.4	0.04	0.0
	Including	19.7	20.7	1.0	29.7	0.87	3.0	1.07	0.1
N11U-130	3300-190	55.8	58.8	3.1	19.8	0.37	20.9	0.04	0.8
	Including	56.6	57.4	0.7	61.0	0.87	56.0	0.09	1.9
N11U-154	3300-240	84.8	87.6	2.9	21.7	0.19	14.1	2.37	0.8
	Including	87.1	87.6	0.5	89.0	0.23	60.0	2.74	3.0
N11U-163	3300-235	0.0	4.7	4.7	3.2	0.00	1.3	0.00	0.1
	Including	14.9	19.5	4.6	66.4	0.00	76.8	0.00	4.1
	Including	16.5	18.1	1.6	177.0	0.10	169.0	1.06	9.4
N11U-165	3300-235	1.5	3.9	2.5	26.4	0.13	4.1	1.52	0.2
	Including	1.5	2.7	1.3	46.9	0.08	6.0	0.01	0.3
N11U-175	3300-235	14.9	18.5	3.5	110.0	0.04	21.6	0.03	1.2
	Including	15.9	17.8	1.9	205.0	0.09	40.0	0.01	2.2
N11U-177	3300-235	0.0	4.2	4.2	5.0	0.08	3.3	0.76	0.1
	Including	0.7	2.0	1.3	12.7	0.14	3.0	1.58	0.1
	Including	9.5	14.6	5.2	9.1	0.40	4.0	0.01	0.3
	Including	9.5	10.1	0.6	26.4	0.06	7.0	1.14	0.5
	Including	13.5	14.6	1.2	24.7	0.19	11.1	3.97	0.7
N11U-184	3300-240	48.2	49.7	1.5	3.6	0.07	18.0	0.06	1.6
	Including	53.3	55.8	2.4	2.2	0.00	6.0	0.00	0.2
	Including	66.5	70.8	4.4	15.8	0.00	2.0	0.00	0.1
	Including	69.9	70.8	0.9	65.3	0.47	4.0	0.32	0.3
N11U-190	3300-240	63.4	69.5	6.1	10.6	0.00	34.0	0.00	1.9
Failed QA/QC	Including	63.4	65.0	1.6	33.0	0.00	118.0	0.00	6.8
	Including	72.5	75.6	3.1	37.6	0.06	2.4	1.54	0.1
	Including	75.1	75.6	0.5	166.0	0.09	6.0	4.23	0.0
N11U-193	3300-230	94.2	94.8	0.7	117.5	0.37	116.0	0.44	8.5
	Including	101.8	103.3	1.5	62.3	0.06	52.0	0.10	0.2

To view all drill results, please view our website.

On behalf of the Board of Directors,

(signed)

Richard Goodwin
President C.O.O.

Certain information regarding the Company including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities laws and necessarily involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. We seek safe harbour.