🕐10.08.11 - 16:27 Uhr
FIRE RIVER GOLD CORP. ANNOUNCES CONCENTRATE SALES AGREEMENT
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Re: News Releases - Wednesday, August 10, 2011
Fire River Gold Corp.
Announces Concentrate Sales Agreement
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August 10, 2011 Vancouver, Canada -- Fire River Gold Corp.(the
"Company", "FAU") (TSX.V: FAU) is pleased to announce it has negotiated
a three year contract with Glencore International Limited for the sale
of the copper concentrate produced at Nixon Fork Gold Mine.
The gold
rich copper concentrate is to have moderate copper content which has
varied from 10% to 25% historically.
The concentrate will leave Nixon Fork Gold Mine in 1 tonne totes on
pallets aboard a C130 Hercules aircraft, which will amount to
approximately 900 wet (less than 10% moisture) metric tonnes per year.
The product will be transported to Anchorage where it will be
transferred and loaded into 40 foot international shipping containers
then barged to Seattle.
The final destination for the product will be a
smelter in the Philippines.
Approximately half of Fire River Golds revenue from the Nixon Fork
Gold Mine will be generated from the sale of the gold rich copper
concentrate and the other half from the sale of the dor bars to the
Johnson Matthey refinery in Utah.
(Please see press release: Fire River
Gold Corp.
Announces Refining Contract dated July 11, 2011)
http://www.firerivergold.com/s/NewsReleases.asp?ReportID=465934
On behalf of the Board of Directors,
"Richard Goodwin"
President and COO
Further Information:
Tel: +1.604.685.1870 Fax: +1.604.685.8045
Email: Website: http://www.firerivergold.com
2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
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This email should not be construed as an offer to buy or sell
securities of Fire River Gold Corp.
Certain information regarding the Company including managements
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.
The TSX Venture Exchange or its Regulation
Services Provider have not reviewed and do not accept responsibility
for the adequacy or accuracy of the contents of this news release,
which has been prepared by management.
We seek safe harbour.
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Copyright (c) 2011 FIRE RIVER GOLD CORP.
(FAU) All rights reserved.
For more information visit our website at http://www.firerivergold.com
or send mailto:
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Copyright (c) 2011 FIRE RIVER GOLD CORP.
(FAU) All rights reserved.
For more information visit our website at http://www.firerivergold.com/
or send mailto:
Message sent on Wed Aug 10, 2011 at 6:36:18 AM Pacific Time
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