Rainy River Resources Ltd. ("Rainy River" or the "Company") (TSX VENTURE:RR)
confirms that it has filed on SEDAR a Technical Report dated August 12, 2011,
and entitled "Mineral Resource Evaluation, Rainy River Gold Project, Western
Ontario, Canada", as referenced in Rainy River's press release of June 29, 2011.
The technical report was prepared by SRK Consulting (Canada) Inc. ("SRK"), in
compliance with National Instrument 43-101: Standards of Disclosure for Mineral
Projects. The report will also be available on Rainy River's web site.


As announced in Rainy River's June 29, 2011 news release, the Technical Report
contains Measured, Indicated and Inferred category resource estimates for the
Rainy River Gold Project ("RRGP" or the "Project"). The Project is an advanced
stage gold exploration project situated in the southern half of Richardson
Township, approximately 65 kilometres northwest of Fort Frances in Western
Ontario.


Rainy River Resources is currently working on a Preliminary Economic Assessment
("PEA") for the RRGP based on this Technical Report, which includes drill data
received up to February 27, 2011. The upcoming PEA will not include drilling
subsequent to this date. Any new information following February 27, 2011 will be
incorporated in the next resource update, targeted for release in the first
quarter of 2012.


Qualified persons

The mineral resource statement was prepared by Dorota El-Rassi, P.Eng. (APEO
#100012348) and Glen Cole, P.Geo (APGO #1416), of SRK, both "independent
qualified persons" as that term is defined in National Instrument 43-101. Rainy
River's exploration program in Richardson Township is being supervised by Kerry
Sparkes, P.Geo. (APEGBC #25261), Vice-President Exploration and a Qualified
Person as defined by National Instrument 43-101. Kerry Sparkes and Garett
Macdonald, P.Eng. (PEO #90475344), are responsible for the content of this news
release. The Company has a rigorous QA/QC program in place to ensure best
practices in sampling and analysis of drill core. All drill core is marked for
sampling and then split in half with a diamond saw blade. Samples are placed in
sealed bags with security tags. All samples were assayed using a standard fire
assay, 30 gram nominal sample weight with an AA finish. Over-limit samples were
re-assayed with a gravimetric finish. Samples with visible gold were
automatically analyzed for ore grade by 1000g screen fire assay, with coarse and
fine fractions being combined proportionately and the fine fraction being
assayed twice. Certified standards, blanks and duplicates are inserted every 25
metres. ALS Minerals Canada performed primary assaying, with duplicates being
analyzed at Activation Laboratories Ltd. ALS Minerals Canada and Activation
Laboratories Ltd. implements independent QA/QC protocols that include the
insertion of certified blanks and standards as part of their routine analysis.


About Rainy River

Rainy River is a Canadian precious metals exploration company whose key asset is
the Rainy River Gold Project. With approximately $120million in cash and
securities, the Company is well funded to conduct a dual-focused drilling
program consisting of: 1) definition diamond drilling of the main gold resources
in preparation for scoping and prefeasibility studies, and 2) selective diamond
drill testing of high-priority gold targets defined primarily by RC drilling
within the large gold system centred in Richardson Township. The Company's
property is extremely well located in the southwestern corner of Northern
Ontario near the U.S. border. It is accessed by a network of roads and is close
to hydro-electric infrastructure. The Rainy River district has a skilled labour
force and is one of the lowest-cost areas for mineral exploration and
development in Canada. The Company is also working to advance the early-stage
discoveries at its TPK Joint Venture Property, also in Ontario, where it can
earn a 51% interest in the property from Northern Superior Resources. Ontario
has low political risk and, according to the annual Fraser Institute global
survey of the mining industry, has consistently ranked as one of the top
jurisdictions embracing mineral development.


RAINY RIVER RESOURCES LTD.

Raymond Threlkeld, President & CEO

This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward-looking statements if management's
beliefs, estimates or opinions, or other factors, should change. Factors that
could cause actual results to differ materially from those in forward-looking
statements, include market prices, exploration and development successes,
continued availability of capital and financing, and general economic, market or
business conditions. Please see the public filings of the Company at
www.sedar.com for further information.


Recharge Resources (TSXV:RR)
Historical Stock Chart
Von Apr 2024 bis Mai 2024 Click Here for more Recharge Resources Charts.
Recharge Resources (TSXV:RR)
Historical Stock Chart
Von Mai 2023 bis Mai 2024 Click Here for more Recharge Resources Charts.