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Fire River Drills 7.6 Metres Grading 50.26 g/t Gold at Nixon Fork

Figure 1: Plan view of the Mine site showing the location of the camp and mill sites, airfield, and the Crystal and Mystery portals. All summer 2012 surface drilling was from the Mystery vent raise/boiler area pad, above the Mystery portal.

Figure 1: Plan view of the Mine site showing the location of the camp and mill sites, airfield, and the Crystal and Mystery portals. All summer 2012 surface drilling was from the Mystery vent raise/boiler area pad, above the Mystery portal.

Vancouver, British Columbia, December 10, 2012. Fire River Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company", "Fire River") is pleased to announce results from its 2012 surface diamond drilling program (Figure 1) at its wholly owned Nixon Fork Gold Project in Alaska. Fire River completed 38 surface diamond drill holes totalling 2976 metres targeting resource expansion at the Mystery Mine. Twenty of 38 drill holes intercepted significant gold, silver and copper mineralization, a very high success ratio.

Drilling highlights include:

  • 7.6 metres grading 50.26 g/t gold in drill hole N12-014*
  • 8.3 metres grading 36.75 g/t gold in drill hole N12-001
  • 6.1 metres grading 31.83 g/t gold in drill hole N12-012

Blane Wilson, President and CEO of Fire River, commented: "We are extremely pleased with these high grade gold and silver drill hole intercepts at the Mystery Mine. The drilling was designed to define and expand the known resources at the mine and to better understand the geologic controls of higher grade gold and silver mineralization. It is important to note the very high grades associated with some of the intercepts such as, 3.7 metres grading 96.6 g/t gold, 84 g/t silver and 6.7% copper in drill hole N12-014*. These higher grade zones will contribute to an optimized mine plan for the Mystery Mine and potentially provide a more consistent high grade feed for the mill."

* Note: In hole N12-014, the interval between16.15 to 23.77 has approximately 50% core recovery, and therefore, the data presented here is the weighted average of the material present and may not be representative of the actual grade of the intercept. The poor recovery is most likely due to the fine grain nature of oxidized material being flushed during the drilling process. No voids were noted in this interval.

Table summarizing significant drill intercepts from the 2012 surface drill program:

Drill Hole

From (metres)

To (metres)

Width (metres)

Gold (g/t)

Silver (g/t)

Copper (%)

N12-001

27.84

36.15

8.31

36.75

22.55

1.6

Including

27.84

31.70

3.86

67.38

39.3

2.67

N12-003

15.85

17.37

1.52

6.66

4

0.27

N12-005

12.34

13.11

0.77

12.65

7

0.33

Including

11.28

13.11

1.83

12.65

7

0.33

N12-006

28.35

32.92

4.57

5.55

12.3

0.66

Including

29.87

31.39

1.52

9.75

9

0.38

N12-008

19.20

21.59

2.39

3.79

5.6

0.43

N12-009

19.20

20.73

1.53

3.35

1

0.04

N12-011

13.11

14.63

1.52

2.36

3

0.19

N12-012

28.35

34.44

6.09

31.83

37

2.28

Including

29.87

32.92

3.05

49.31

62

3.75

N12-013

2.13

3.96

1.83

6.14

75

0.82

N12-014*

15.22

16.15

0.93

33.4

28

0.83

 

16.15

23.77

7.62

50.26

42.36

3.37

Including

16.15

19.88

3.73

96.6

84.37

6.72

Including

19.10

19.88

0.78

141

165

10.4

N12-015

5.86

8.62

2.76

6.08

11.9

1.06

Including

6.92

7.42

0.50

23.1

39

0.81

 

25.16

26.26

1.10

3.23

14

0.64

 

29.87

34.44

4.57

13.17

35.3

2.35

Including

32.92

34.44

1.52

28.4

31

2.31

N12-016

10.06

14.63

4.57

25.67

85.1

1.78

Including

10.06

10.58

0.52

123.5

229

8.89

Also including

12.49

13.85

1.36

27.2

163

0.54

 

23.77

26.67

2.90

81.33

5.96

0.64

Including

23.77

24.50

0.73

214

8

0.49

N12-018

2.44

3.96

1.52

2.62

23

1.02

 

34.14

35.66

1.52

2.98

0.5

0

N12-019

32.92

34.44

1.52

3.13

6

0.18

N12-020

0.00

 

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