VANCOUVER, Sept. 14, 2011 /CNW/ - Fire River Gold Corp. and Mystery Creek Resources Inc. (TSX.V:
FAU), (OTCQX: FVGCF), (FSE: FWR) (collectively "the Company") is pleased to announce that it has
received an advance payment of $1.8 M from Glencore International PLC
for the first shipment of gold-rich copper concentrate from the Nixon
This payment is a provisional advance for the first 48 bags comprising
42.6 dmt (dry metric tonnes) of gold-rich copper concentrate. The bags
are palletized and flown from the Nixon Fork Mine aboard a Hercules
L382G airplane. Shipping lots of 24 bags are assembled in Anchorage at
Lynden Air Cargo's facility and barged in secured 40 ft containers to
Seattle for ocean transport to the PASAR smelter in Isabel,
About Fire River Gold Corp.
Fire River Gold Corp.'s Nixon Fork Mine is operated by Mystery Creek
Resources, a wholly owned subsidiary of Fire River Gold, which is based
in Anchorage, Alaska.
The Nixon Fork Mine, located in the resource rich Tintina Gold Belt, is
Alaska's newest operating gold mine and is projected to produce 50,000
ounces of gold per year.
Operations started in July of 2011, with plans to ramp up to full
production by late fall 2011. This year-round mining program will be
producing both concentrate and doré bars. Fire River Gold will be
replenishing what is mined on an annual basis by further drilling
exploration targets on surface and underground thereby extending the
life of the operation and receiving further benefit from the strong
Fire River Gold has a stable platform for growth due to its strong
financial position, a talented and experienced management team and
Board of Directors who have the experience to execute on Fire River
Nixon Fork is a past producing mine with a high grade production history
(42 g/t), and a low capital requirement due to pre-existing
infrastructure. Fire River Gold has no debt and is well funded.
On behalf of the Board of Directors,
President & C.O.O.
Certain information regarding the Company including management's
assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations, imprecision
of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to
access sufficient capital. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements. A
feasibility study has not been completed and there is no certainty the
disclosed targets will be reached nor that the proposed operations will
be economically viable. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release. We seek safe harbour.
SOURCE Fire River Gold Corp.
For further information:
Tel: +1 604 685 1870 Fax: +1 604 685 8045
Email: firstname.lastname@example.org or visit www.firerivergold.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3