VANCOUVER, Nov. 8, 2012 /CNW/ - Fire River Gold Corp. (TSXV: FAU), (OTCQX: FVGCF), (FSE: FWR) (the "Company" or "Fire River") is pleased to announce the appointment
of David Fox to the Board of Directors.
David Fox is the President of Fox Collins Securities Inc., a Toronto
based securities firm providing capital raising and financial advisory
services. Mr. Fox also serves on the Board of Goldspike Exploration
Inc., a Yukon based gold explorer, and on the advisory board of
Zenyatta Ventures Ltd., an Ontario based junior exploration company.
Mr. Fox has more than 20 years direct securities industry experience.
Mr. Fox holds a Bachelor of Commerce degree from Concordia University
and a Bachelor of Laws degree from McGill University.
"We are very pleased to announce the appointment of David Fox to our
Board of Directors" said Blane Wilson, Fire River's President and CEO. "His extensive experience in the financial sector and law background will
prove crucial to the Board as we advance the Nixon Fork mine. We look
forward to his contribution to the Company."
In connection with Mr. Fox's appointment, he has been granted 200,000
stock options at an exercise price of $0.10 per share expiring five
years from issuance, subject to the terms and conditions of the
Company's fixed stock option plan.
About Fire River Gold:
Fire River Gold Corp.'s flagship property is the wholly owned Nixon Fork
Gold Mine located in the resource rich Tintina Gold Belt. Operations at
Nixon Fork commenced in July 2011, with a near term production target
of 30,000 oz gold by end of 2012, and projecting an increase to 35,000
to 40,000 oz gold per year in 2013. The Nixon Fork Mine is a past
producing mine with a high grade production history, and a low capital
requirement due to pre-existing infrastructure. The Nixon Fork Mine is
operated by Mystery Creek Resources, a wholly owned subsidiary of Fire
River Gold Corp. based in Anchorage, Alaska. The mine operates
year-round producing both gold concentrate and doré bars. The company's
mine plan is designed to replace mined resources on an annual basis,
insuring sustainable gold production. Excellent district scale
exploration potential provides additional upside for the project.
Fire River Gold has built a stable platform for growth and a new,
experienced and dynamic management team and Board of Directors. With
new leadership, a revamped mine plan, increased mill production and
exploration upside, Fire River is poised for a period of growth and
increased shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
FIRE RIVER GOLD CORP.
President and CEO
Cautionary Statement Regarding Forward-Looking Information
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.
This news release contains forward-looking statements regarding the
business and operations of Fire River Gold. In particular, statements
regarding use of proceeds and production targets in the upcoming years
are forward-looking statements. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Fire River's plans or expectations include risks
relating to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and
delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory
changes, timeliness of government or regulatory approvals and other
risks detailed herein and from time to time in the filings made by Fire
River with securities regulators. Fire River expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
SOURCE: Fire River Gold Corp.
For further information:
FIRE RIVER GOLD CORP.
Kimberly Ann, Corporate Communications
Telephone: (604) 261 0580