Thursday 15th November 2018

Resource Clips

Fire River President Richard Goodwin on Alaska assays of 71.4 g/t gold, 40.1 g/t silver, 2% copper over 5.9m

“Nixon Fork is a past producer with very high grade. It operated for five years at a 42 g/t feed. The exciting thing is, with our ongoing drilling here, we’re continuing to identify the high grade. We’re a very imminent production story; we’re going to be firing up the mill in mid-June 2011, and getting into operations.

“These assay results are exciting but they’re not atypical. We have to find these really high spikes, and that’s what we target with the mining. You end up blending it and getting it down to about an ounce a ton. But it is exciting to have that high grade. It’s very rare that you can get those sorts of grades and those sorts of thicknesses. Usually you are only seeing grades like that over six inches, but these have the thickness attached as well.

“In 2011 we are continuing to stockpile ore for the June start-up. Then we are going to get into operation on two circuits—gravity and flotation—in June. We’ll start cyanidation in September-October. Our manpower is about two thirds of the way there, we’ve got to hire a few more bodies. Our plan is to try and produce in the order of 20,000 ounces this year.

“Nixon Fork was a very exciting opportunity, with everything in place and the ability to prove up the ounces. But to have all of the facilities in place waiting for those ounces was a very exciting opportunity for us.”

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