RR Resources extends Gold-Silver zone 125 metres down
Rainy River Resources Ltd. is pleased to announce further assay results from the Rainy River Gold Project (“RRGP”) in northwestern Ontario.
Drill hole NR121404 intersected 4.8 grams per tonne (“g/t”) gold and 49.7 g/t silver over 12.0 metres, including 11.0 g/t gold and 112.7 g/t silver over 4.5 metres, at a vertical depth of 247 metres.
Drill hole NR121403 intersected 4.2 grams per tonne (“g/t”) gold and 27.9 g/t silver over 13.5 metres, including 5.1 g/t gold and 35.7 g/t silver over 9.0 metres, at a vertical depth of 311 metres.
Drill hole NR121417 intersected 4.8 grams per tonne (“g/t”) gold and 20.2 g/t silver over 3.0 metres, at a vertical depth of 355 metres.
The Intrepid Zone expanded down dip by 125 metres and along strike to the west by 85 metres.
INTREPID - LATEST DRILL HOLE RESULTS
Rainy River first issued results from the new Intrepid Zone on October 22, 2012, including discovery drill hole NR121258, which intersected 2.2 g/t gold and 38.5 g/t silver over 18.5 metres, including 6.0 g/t gold and 83.9 g/t silver over 3.0 metres at a vertical depth of 210 metres. These latest results continue to demonstrate the potential of this new zone to positively impact the future development of the RRGP with high quality ounces.
To date, 23 diamond drill holes have intersected the Intrepid Zone over a 185-metre strike length, and have traced the mineralization down dip for 350 metres. The mineralized zone continues to be wide open, and is dipping steeply to the south, with a steep southwest plunge taking shape within the higher grade core. Mineralization has been traced to within 50 metres of surface. Three diamond drill rigs have been allocated to help define this new and significant discovery. Assays are pending for an additional 17 diamond drill holes that have intersected the zone.
Raymond Threlkeld, President and CEO of Rainy River Resources Ltd., commented: “The newly-discovered Intrepid Zone continues to demonstrate its potential, through extension at depth and along strike, through high grades and through continuity. This new zone is located very close to the proposed ramp for our underground mine. Our preliminary assessment suggests that the new zone could be accessed within six months of commencement of the ramp portal, making it a very early source of underground material for our proposed mill at the RRGP. We will continue to focus our exploration efforts over the remainder of the year on the Intrepid Zone, as well as other key areas within the prominent magnetic low trend hosting the Rainy River deposits.”