OTCPK:FRSAF - Post by User
Comment by
dblancon Feb 03, 2013 10:56am
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Post# 20930762
RE: RE: RE: End of 1st Quarter -- How many ounces
RE: RE: RE: End of 1st Quarter -- How many ounces should have pasted in previous response but did not stick for some reason.
Fire River Gold Corp. is Alaska's newest gold producer, with an annual production target rate of 50,000 ounces of gold to be produced on its wholly owned Nixon Fork Gold Mine located in the resource rich Tintina Gold Belt. Operations started in July 2011, with a near term production target of 30,000 oz/Au by end of year 2012, projecting an increase to 40,000 oz/Au per year in 2013, ramping up to a projected 50,000 ounces in 2014. This year-round mining program produces both gold-rich copper concentrate and doré bars, with silver as a by-product. Fire River Gold will attempt to replenish what is mined on an annual basis by further drilling exploration targets on surface and underground thereby extending the life of the operation.