Nov 17 2010
Rainy River Resources Ltd. (TSX VENTURE:RR) has announced drill results from the Rainy River Gold Project in Northwestern Ontario.
Highlights
- Infill drilling continues to return significant high grade intercepts and an important new discovery on the west side of the 17 Zone (448 g/t Au over 1.5 metres).
- The ODM Zone continues to show good continuity of high grade (32.7 g/t Au over 9.0 metres) and wide intervals of lower grade gold mineralization (2.2 g/t Au over 30 metres).
New 17 Zone Mineralization
Two drill holes, NR10-576 and NR10-580, intersected the west flank of the 17 Zone at a depth of approximately 365 metres. Drill Hole NR10-580 was drilled 75 metres up-dip from NR10-576. The structure encountered is interpreted to be a westerly plunging fold situated along a footwall fault to the ODM-17 Zone. These results indicate a new gold zone within an area that has seen limited exploration below 300 metres depth.
Commentary
"The recent infill results have delivered some very high grade intersections in the ODM, 17 and 433 Zones, all at relatively shallow depths," commented Raymond Threlkeld, President and CEO. "Work has begun to prepare the updated NI 43-101 resource estimate using the latest information from the infill program and structural interpretation work completed by our consultants. Year to date the company has drilled over 96,000 metres at the Rainy River Gold Project which is a major accomplishment and a credit to the exploration team we've assembled."
Qualified persons
Rainy River's exploration program in Richardson Township is being supervised by Kerry Sparkes, P.Geo. Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101. Garett Macdonald, P.Eng., is the person responsible for the content 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.
Source: Rainy River Resources Ltd.