Rainy River Resources Ltd TSXV:RR announced assays from its Rainy River Gold Project in northwestern Ontario. Results include 255 g/t gold and 11.2 g/t silver over 1.5 metres, 4.2 g/t gold and 2.5 g/t silver over 39 metres, 4.6 g/t gold and 14.5 g/t silver over 37.5 metres (including 13.1 g/t gold and 2.4 g/t silver over 9 metres), 0.9 g/t gold and 5 g/t silver over 107 metres (including 2.4 g/t gold and 5.7 g/t silver over 2 metres) and 45.4 g/t gold and 3.9 g/t silver over 1.5 metres.
President/CEO Raymond Threlkeld commented, “The infill program continues to intersect significant gold and silver mineralization. Drilling between ODM and 433 and Cap/South has shown very good results in converting what appears to be waste into significantly mineralized zones that could add to in-pit resources. Deep drilling highlights that the project remains open at depth, while exploration drilling in the recently discovered Western Area and 17 Zone Eastern Extension continues to be very encouraging. The preliminary economic assessment is targeted for release by early October. The PEA will not include any drill results subsequent to February 27, 2011. A new resource statement is targeted for release in early 2012 and will include infill and new discovery drilling from February 27 to year-end.”
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by Greg Klein