Rainy River Resources
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)
Message: Confirms Two New High-Grade Gold Zones
| January 20, 2009 | |
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Rainy River Confirms Two New High-Grade Gold Zones With First Holes Testing RC Targets 3 and 4 Northwest of Main Gold Resource
NR08-302 Intersects 4.0 metres grading 8.09 g/t Au (Uncut) |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2009) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR) is pleased to report that the first two step-out diamond drill holes, NR08-302 and NR08-311, completed prior to the holiday period and designed to test two parallel untested bedrock gold trends (Target 3 and 4) defined by a recently completed RC till and bedrock sampling program, confirmed that both new trends host important high-grade gold values over respectable true-width intervals. Significant results include 4.5m grading 53.41 g/t Au (NR08-311) and 4.0m grading 8.09 g/t Au (NR08-302). Targets 3 and 4 are a pair of high-priority, parallel gold targets recently defined by two gold-in-till anomalies and associated bedrock gold anomalies that are spaced approximately 150 m apart. These anomalies are located 500 m west-northwest along strike from the 433 and HS gold zones and are believed to correlate stratigraphically with the 433 Gold Trend. The most southerly gold intersection, in NR08-311, was on Target 3 while NR08-302 to the north tested Target 4. It is estimated from right angle foliations observed in the core that the gold intervals are close to true widths. Both intersections are outside of the Company's main resource, are open in all directions and will require a comprehensive drill program during the winter period because they are largely covered by wetlands. Target 1, an equally strong RC anomaly further to the south, will also be tested. The details of all intervals for NR08-311 and for NR08-302 are highlighted in Table I below and a surface plan showing the drill hole locations with respect to gold Targets 3 and 4 and the main resource has been posted on the Company's website www.rainyriverresources.com. Commenting on the new exploration results, Nelson Baker stated: "We continue to be very impressed with the overall size of this gold system and, more recently, as we focus away from our main resource area, we are very encouraged with the higher-grade, potentially underground exploitable tenor of the gold mineralization we have recently intersected, particularly along the 433 Gold Trend. The 600 ha gold-bearing caldera structure surrounding our main gold zones offers excellent potential for more discoveries to expand the known resources." Since acquiring the Rainy River Project in January, 2005, the Company completed a total of 315 diamond drill holes (153,612 metres) and 208 reverse circulation (RC) holes principally within the 600 ha gold-bearing caldera structure centered in the southern half of Richardson Township. As well, during the same period in the Off Lake area, the Company drilled a total of 10 diamond drill holes totalling 2,706 metres and a total of 23 reverse circulation (RC) holes. Table 1
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From To Core Length Au Vertical Depth
Hole (m) (m) (m) g/t Zone (m)
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NR-08-302 385.0 389.0 4.0 8.09 433 WEST 250
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NR-08-311 489.0 492.0 3.0 12.77 HS 370
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NR-08-311 777.0 775.5 4.5 53.24 433 WEST 580
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Note: All intersected widths in Table I are estimated to be near true
width intervals and all gold values listed above are uncut.
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. The Company's regional exploration manager, C.J. Baker, M.Sc., is responsible for the supervision of all aspects of the Off Lake drill 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 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. As in previous years, Rainy River Resources will be attending the Cambridge House Vancouver Resource Investment Conference at Canada Place, January 25-26th and the AMEBC Mineral Exploration Roundup at the Westin Bayshore Inn, January 26-29th in Vancouver, BC. The Company will have a display booth at both venues. |
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