News Release October 27, 2011 FSE: FWR
VANCOUVER, Oct. 27, 2011 /PRNewswire/ - 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 Property.
Fire River Gold Corp. is in the process of having its current NI 43-101 resource estimate updated by the end of the calendar year 2011. This will replace the resources used in the Preliminary Economic Assessment (PEA) completed in February, 2011. The February 2011 resource estimate did not include the 2010 or 2011 drill results. As of October 17th 2011, a total of 16,636 meters have been drilled underground in the Nixon Fork Mine in 2011 plus 4,032 m of surface drilling.
A PEA [Preliminary Economic Assessment] is NOT an NI43-101. Fire River Gold does NOT have an NI43-101. They may be "working on one" but that isn't the same as actually HAVING one. Also, not ONE ounce of gold is in the "Measured" category. NOT ONE OUNCE. All of it is either in the "Inferred" or the "Indicated" category which is a long way from being "measured" yet they're going to mine 50,000 ounces of gold per year? I sure hope so but I sure doubt it. See link provided - something you will NOT get from Victor [turdblossom] or FastTrade, sclarda or the rest. I wonder why....
https://www.prnewswire.com/news-releases/fire-river-gold-corp-announces-ni-43-101-update--2012-exploration-plan-132705088.html