Today we give you an update on Alaska's Newest Gold Producer. The company manufactures in its own mine since early July 2011, the self-mined
gold dust! Inform yourself about the following, update and what has happened in the recent past to increase shareholder value!
Fire River Gold is a new producer who has been recently, has recorded more precisely on 07/04/2011 at the Nixon Fork Mine production of gold and copper. Thus, this project is the most advanced and has already generated cash flow.
Fire River Gold has, however, this also has two other properties that have yet to be explored, which certainly can be funded in future through the production of the Nixon Fork Mine, or at least partially funded. These projects, we mention only for completeness sake, because we focus on Nixon Fork, as it makes the management. We must mention the Kansas Beach project
See below
Draken and the project where information is available at
can be retrieved. As these projects are among the portfolio of Fire River Gold, we should mention it, but no closer today to go to one!
Here, once some basic information about the company and a brief overview of all relevant information:
Fire River Gold (TSX.V: FAU OTCQX: FVGCF FSE: FWR)
Homepage:
Presentation: / FAUslideshowger.pdf
venture capital structure and valuation:
Shares: 99,181,502
Warrants: 32,066,283 warrants are 80% at ≥ 0.65 CAD
Options: 8.78625 million
Fully Diluted: 140 034 035
Cash: 7 million CAD (on 26/08/2011)
Market capitalization: 0.31 CAD (July 2011) 44 million CAD
Market capitalization: 0.49 CAD (26.08.11) 68.6 million CAD
No hedging, no debt!
For the shareholder, Fire River Gold shines through and EXTENSIVE INTERNATIONAL!
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Fire River Gold is a member of the International Metals Group of Companies.
What is the benefit of the International Metals Group offers for companies?
· Benefits of shared resources
· Share of costs and expertise
· Think tank: technical teams, engineers, corporate
mortgage finance, administration, management, investor relations
· Considerable advantages over a sole proprietorship?
For more information on this group can be found at:
The Nixon Fork project in Deteil!
Fire River Gold has a high caliber project in British Columbia, where the Nixon Fork Mine is operated. This property is located in Alaska in the Tintina Gold Belt, which was produced in the past, high grade gold at 42g / t.
Trintina the belt!
We remain on the flagship project and look to us to an aerial photograph!
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More information about the aerial photo below:
We look at the project now also at times more accurate at close range, which is already there.
The camp is built for 85 employees and well equipped. The staff should supervise use the following technique, keep in good condition and increase production and productivity. Management confirms that the staff is working very well.
What technology is already in place?
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The flotation plant processing 200 tons per day ~!
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Surface and underground mining vehicles are already in operation and two Company-owned rigs!
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An independent power supply and its own water treatment plant are also available!
We have previously g something about the historical gold production at levels of 42 / t read. We're watching them even more closely and to analyze the recent news!
Gold mining past:
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RESOURCE ESTIMATE 2010:
Indicated Resources *
1st 121 690 tonnes at 26.9 g / t (0.78 oz / t) in the mine
2nd 92,000 tonnes at 7.9 g / t (0.23 oz / t) in the tailings
3rd 128.5 thousand ounces of contained gold
Inferred Resources *
1st 70 780 tonnes at 27.8 g / t (0.81 oz / t) in the mine
2nd 48,000 tonnes at 7.4 g / t (0.21 oz / t) in the tailings
3rd 74.6 thousand ounces of contained gold
* Giroux (2010), does not include the drill results from
2010 or 2011
Source: Fire River Gold
These are the latest drilling results from the News of 23.08.2011
Fire River Gold is pleased to announce additional high-quality results known, which were drilled from the drilling program in 2011 in the Nixon Fork Mine, which lie in the Tintina gold belt of Alaska. The samples are confirmed by the investigation and come back from the drill that drilled the holes to N11U N11U-101-199 from the 3300, 3100 and 3000 zones. This series of boreholes was to expand the extent of gold mineralization have been created by the 3300 zone, and also extremely successful. Of particular importance is hole number N11U-175.
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Fire River Gold will continue the exploration on the company's own field, to increase the resource, thereby extending the mine life.
The qualified person for the press release is Richard Goodwin, P. Eng, President & COO of Fire River Gold, which we used as an information source.
Compared with the current gold price should yield enough left over, which should enable the company safely in the near future be able to reduce production costs even further. Even better, it came on 30.8.2011, as we were by the company on request to the current cash costs reported that they calculated a cost of less than 700 USD. In the next few releases dated 25/08/2011, we see that work is continuing work to make production more efficient and effective.
Progress of the Nixon Fork Mine in the News of 25.08.2011
Fire River Gold Reports on the progress at the Nixon Fork Mine!
Fire River Gold and Mystery Creek Resources are pleased to be able to provide this update for the Nixon Fork Mine disposal. It represents a summary that describes the progress of mining and milling of rocks.
The mill took on 4 July 2011 to run on and it worked this time with an average maturity of 71%. A total of 3078 tons of ore in July and now handles about 2,500 and this month. Currently, only the gravity and Floationskreisläufe. The CIL plant is under construction. The contents of the currently processed rock about 20 g / t on average amount to.
More than 30 tons of copper concentrate were produced, the 18% Cu, 779 g / t Au, and contained 398 g / t Ag. A total of 21 bags of concentrate, (one bag weighs 18 300 kg) were transported to Anchorage with a Hercules L-100.
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L100 Hercules aircraft
The concentrate is compared to the last period of production has improved significantly since the levels have improved and the moisture content is further decreased. The following table shows the significant improvement.
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The moisture content has been recently further reduced to less than 6% in the latest bags!
The final gravity separation could deploy about 500 ounces of gold, which was cast into a 30 kg Dorébarren.
The overall gold recovery rate averaged 78% (24% by the gravitational force and 54% copper in concentrate). This corresponded to the expectations of the company. Comparatively, the overall gold recovery rate in 2007 was "only" on average 68%! The overall gold recovery rate will again increase significantly with the additions of Durchfilterns (leach circuit) as a third part of gold mining.
Approximately 4,000 tons of ore have been mined to date of five Strossen1 above room and pillar-Förderung2. The mine is currently building from about 170 tons per day, with grades of 18 g / t Au. For evaluation of the land degradation and other effective methods of exploration and mining of ore to be tried.
Among other attempts are made with long-hole drilling to reduce costs and increase productivity.
Also, the use of so-called remote control scooptram3
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Tries (remote controlled trucks) and drill buggys4. The necessary
mining equipment has been procured. Non-Explosive Ore is also being considered in the form of crusher machines and with considerable success.
The qualified person for the press release is Richard Goodwin, P. Eng, President & COO of Fire River Gold, which we used as an information source.
One explanation for the so-called Strossenabbau will be able to read soon on the Miningscout.de!
Investment Highlights in brief:
• No debt and fully funded
· High grade production history (42 g / t)
· No political risk (Alaska is set for each mining)
° There are very high potential of resources available
· Systems and tools for the production available for reduced
venture capital requirements
· Experienced production team
• By reducing the production cost further upside potential exists
• Very good management
Conclusion:
In our estimation, taking into account the investment highlights and news of the last two alone, there is Fire River Gold on an outstanding way, the future holds for the more certainly still plenty of surprises. The top-class management to David Russell (Chairman) and Richard Goodwin (President & COO) has proven once again that it is only for the benefit of the company and its shareholders. As we go further by rising
precious metal and commodity prices, we see Fire River Gold set up as a very good working order and in the future to successfully and profitably.
In preparing this report I Jörg Schulte has great support. My thanks to good at this point and further cooperation. If you want to learn more exciting information on Explorers and other interesting values, I would be pleased to participate in my discussions!
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