RE: For the Record This newly discovered Intrepid Zone is really magnificent.....
Take a look at these results from Rainy River on Dec 05 2012. These are muti ounce grades with good widths near surface open to the east and as good as the ODM 17 zone. Below they have hit high grade shoots showing up at the 200, 300 and 400 metre mark that are open to the west. Now we see Bayview hitting even larger high grade sections in the 600 metre area of this same zone. This shaping up to be a large system with high grade down deep interspersed with multi ounce pockets of gold that seem to fan out in larger layers around the 100 meter mark below surface. Bayviews results are also showing interspersed multi ounce pockets of gold and silver in the 300 metre area confirming the continuity of this new system.
TORONTO, Dec. 5, 2012 /CNW/ - Rainy River Resources Ltd. ("Rainy River" or the "Company" (RR.TSX)) is pleased to announce further assay results from the Intrepid Zone ("Intrepid") at the Rainy River Gold Project ("RRGP") in northwestern Ontario. Results are summarized in Table 1.
HIGHLIGHTS
- Near surface, drill hole NR121442 intersected 1.9 grams per tonne ("g/t") gold and 23.4 g/t silver over 57.0 metres, starting at a vertical depth of 72 metres below surface, including 2.5 g/t gold and 27.7 g/t silver over 36.0 metres.
- Drill hole NR121448, located 20 metres west of NR121442, intersected 1.8 g/t gold and 22.3 g/t silver over 28.5 metres, starting at a vertical depth of 45 metres and at the bedrock / overburden interface.
- Drill hole NR121446 intersected 2.9 g/t gold and 10.6 g/t silver over 33.0 metres, 25 metres down dip of NR121448 and at a vertical depth of 79 metres.
- Other results include drill hole NR121424, which intersected 8.4 g/t gold and 72.4 g/t silver over 4.5 metres at a vertical depth of 400 metres.
- NR121461 intersected 7.5 g/t gold and 23.3 g/t silver over 7.5 metres at a vertical depth of 205 metres.
INTREPID - LATEST DRILL HOLE RESULTS
To date, 51 diamond drill holes have intersected the Intrepid Zone over a 335 metre strike length, and have traced the mineralization down dip for 450 metres.
Results Suggestive of Potential Open Pit Mineralization
Eleven of the eighteen drill holes reported in today's Intrepid Zone results show widths suggestive of open pit mining potential, with wide zones of near-surface gold mineralization. Drill hole NR121442 intersected 1.9 grams per tonne ("g/t") gold and 23.4 g/t silver over 57.0 metres, which represents the widest intersection to date. This hole remains open to the east. Widths and grades are comparable to those of the ODM Zone, with thickness and grade increasing as drills move eastward.
Drill hole NR121448 intersected 1.8 g/t gold and 22.3 g/t silver over 28.5 metres, starting at a vertical depth of 45 metres, while NR121446 intersected 2.9 g/t gold and 10.6 g/t silver over 33.0 metres, at a vertical depth of 79 metres. These drill results show significantly larger widths than seen in previous drill results.
These holes all lie immediately east of the Intrepid discovery hole NR121258, reported October 22, 2012.
Results Suggestive of Potential Underground Mineralization
Seven of the eighteen holes reported today were drilled to the west of the wider zones of mineralization. These holes returned significant grades and widths which could potentially become mineable via the planned underground decline, with high-quality ounces brought forward earlier in the underground mine life. NR121424 intersected 8.4 g/t gold and 72.4 g/t silver over 4.5 metres at a vertical depth of 400 metres, and NR121427 intersected 6.0 g/t Au and 7.0 g/t silver over 3.0 metres at a vertical depth of 404 metres. These two holes are over 100 metres down plunge of Rainy River's previous drill intersections at Intrepid. Additionally, NR121461 intersected 7.5 g/t gold and 23.3 g/t silver over 7.5 metres at a vertical depth of 205 metres.
Maps and Images
Note: Map 2 to Map 5 are cross sections moving progressively to the east.
Map 1 - Diamond Drill Hole Location Plan Map
Map 2 - 427310 E Cross Section
Map 3 - 427460 E Cross Section
Map 4 - 427489 E Cross Section
Map 5 - 427512 E Cross Section
Map 6 - Vertical Longitudinal Section
COMMENTARY
Raymond Threlkeld, President and CEO of Rainy River Resources Ltd., commented: "Today's results include some of the best intersections we have seen to date at the Intrepid Zone, providing further support for the open pit potential of this exciting new discovery, in addition to the potential contribution of high-quality ounces early in the underground mine life. Located one kilometre away from the main Rainy River Gold Project, and with 51 drill holes completed, Intrepid now has a 335-metre strike length and measures 450 metres down dip. The Intrepid Zone continues to expand eastward, widening as it nears the surface, and demonstrating very good potential for the Rainy River Gold Project. As we move into the development stage with our namesake project, we remain committed to realizing more of the exploration upside in the Rainy River gold district."