Fire River Gold Generates Over $1 Million Revenue From Ball Mill Clean Up At Nixon Fork Gold Mine, Alaska
June 30, 2010, Vancouver, Canada
Toll Free 1.800.667.1870
Fire River Gold Corp. (TSX.V: FAU; OTCQX: FVGCF; FSE: FWR) (the "Company") wishes to announce that it has generated $1,082,507 of revenue from a mill clean up program at its Nixon Fork Gold Mine in Alaska. Approximately 513 kg of material was removed from behind the liners of the ball mill. This material is comprised of ground ore from mining operations, steel fragments from liner wear and worn down milling balls.
A total of 900.5 ounces of gold was recovered from 373 kg of this material. The remaining 140 kg of material is comprised of steel balls and the coarsest fraction of the mined ore. The gold content in this remaining material is not known at present. This material is being leached and payment for this fraction is expected by mid-July.
Proceeds from this sale will be used to fund ongoing exploration and development of the Nixon Fork Mining Project.
About Fire River Gold Corp.
Fire River Gold Corp. is a near term production company with a superior technical team focused on bringing its flagship project, the Nixon Fork Gold Mine, back into production within the next 12 months. The Nixon Fork Gold Mine is a fully permitted and bonded gold mine with past production values averaging 1.4 opt (42 gpt). Facilities at the Nixon Fork Gold Mine include a 200 tpd floatation Plant with a gravity gold separation circuit and a sulphide floatation circuit. In 2008, a CIL gold leaching circuit was purchased and approximately 60% installed. The mine also includes a fleet of mining vehicles, a self-contained power plant, maintenance facilities, drilling equipment, an 85 person camp, office facilities and a 1.5 km long landing strip. Nixon Fork is located within Alaska's Tintina Gold Belt, which hosts numerous world class deposits.
Fire River Gold is a member of the International Metals Group
On behalf of the Board of Directors, I look forward to keeping you updated with our corporate developments.
President and C.E.O.
For further information, please visit www.firerivergold.com or call toll free 1.800.667.1870