Fire River Gold Update on Progress of the Nixon Fork Mine Start Up
25 Agosto 2011 - 3:30PM
PR Newswire (Canada)
VANCOUVER, Aug. 25, 2011 /CNW/ -- FAU: TSX.V FVGCF: OTCQX FSE: FWR
VANCOUVER, Aug. 25, 2011 /CNW/ - Fire River Gold Corp. and Mystery
Creek Resources Inc. (TSX.V: FAU), (OTCQX: FVGCF), (FSE: FWR)
(collectively "the Company") are pleased to provide this update for
the Nixon Fork Mine. It provides a summary of the progress of
mining and milling activities. Mill commissioning started on July
4(th) 2011 and it has operated since that time at an average
availability of 71%. A total of 3,078 tons of ore was processed in
July and approximately 2,500 so far this month. Only gravity and
flotation circuits are being operated at this time, while the CIL
plant is still under construction. The current mill feed head grade
is averaging approximately 20 g/t. Over 30 tonnes of copper
concentrate has been produced containing 18% Cu, 779 g/t Au, and
398 g/t Ag. A total of 21 bags of concentrate weighing 18,300 kg
have been shipped to Anchorage using a Hercules L-100 aircraft. The
concentrate has been markedly improved in comparison to the last
production period by increasing the grades and decreasing the
moisture content as follows: Year Cu % Au g/t Ag g/t % Moisture
2011 18.2 779 398 9.0 2007 12.6 337 184 22.8 Change 5.6 442 215
-13.8 The moisture content has been further reduced to less than 6%
in the most recent bags. Gravity separation has recovered
approximately 500 ounces of gold in the gravity concentrate, which
will be poured into a 30 kg doré bar. Total gold recovery has
averaged 78% (24% from gravity and 54% in the copper concentrate)
which is close to expectations. By comparison, recovery averaged
68% in 2007. Total gold recovery will increase substantially with
the addition of leaching as a third gold recovery process.
Approximately 4,000 tonnes of ore has been mined to-date from five
stopes using room and pillar extraction. The mine is currently
producing approximately 170 tonnes per day at a grade of 18 g/t.
The property is evaluating other stoping methods, including
longhole to reduce costs and increase productivity. Equipment has
been acquired to test these other methods, including a remote
control scooptram and drill buggy. Non-explosive ore extraction is
also being tested using scaling machines with considerable success.
The Qualified Person for this news release is Richard Goodwin,
P.Eng, President & C.O.O for Fire River Gold. On behalf of the
Board of Directors, (Signed) Richard Goodwin President & C.O.O.
Certain information regarding the Company including management's
assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations,
imprecision of resource estimates, environmental and permitting
risks, access to labour and services, competition from other
companies and ability to access sufficient capital. As a
consequence, actual results may differ materially from those
anticipated in the forward-looking statements. A feasibility study
has not been completed and there is no certainty the disclosed
targets will be reached nor that the proposed operations will be
economically viable. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. We seek safe harbour.
To view this news release in HTML formatting, please use the
following URL:
http://www.newswire.ca/en/releases/archive/August2011/25/c6129.html
p Tel: +1 604 685 1870 Fax: +1 604 685 8045br/
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West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3 /p
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