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Wednesday, April 06, 2011

Gold and Mining Stocks; Running Fox (TSX-V:RUN) Finishes Gold and Silver Acquisition: SEE DRILL INTERCEPTS TABLE

VANCOUVER, BRITISH COLUMBIA - April 5, 2011 (Investorideas.com Mining stocks newswire) - Steven Schurman, P. Geol (US), CEO, Director, reports: Running Fox Resources, (TSX VENTURE:RUN; PINK SHEETS:RFXRF; FRANKFURT:C8Q) is pleased to report that it has completed the acquisition of the remaining 50% of the its high grade Brett Gold Project.
Running Fox now owns 100% or the Brett Gold and Silver Project. The Project now encompasses over 50 square kilometres, the majority of which is royalty free.
Running Fox has cash on hand to start its work programs, the Company also owns other assets.
Company geologists are preparing drilling plans to follow-up on the following intersections:
DDH 04-01 intersected 10.2 meters grading 5.28 grams per ton gold, including 1.6 meters grading 29.6 grams per ton gold, and,
DDH 04-02 intersected 11.6 meters grading 10.39 grams per ton gold including 3.1 meters grading 34.02 grams per ton gold; and,
Importantly, DDH 04-12 had 1.3 feet meters grading 176 grams per ton gold in a new shear zone.
The drill intercepts in this news release include the gold only.
To view the Drill Intercepts Table associated with this press release, please visit the following link: http://media3.marketwire.com/docs/405run_table.pdf
In addition to the intercepts in the table above, the 2004 drilling program intersected gold in 15 of the 17 holes drilled, some notably in a new zone.
This new zone, located on a tuffaceous bed, is located 53 metres east of the main shear zone and represents a totally new zone as none of the previous drill holes went as far east as this hole. The zone is cut off by several postmineral dikes in the core, possibly indicating the presence of a second parallel shear structure. If so, this would be the first confirmation of bonanza high-grade gold values (greater than one ounce per ton gold) on a parallel shear structure, opening the possibility that similar high-grade zones may be present, along the numerous other shears identified during surface work. The entire strike length of the new shear structure is unexplored as none of the previous drill holes were near its projection.
Also See "Top 40 Gold Intercepts" on website.
BULK SAMPLE PROCESSED BY TECK COMINCO:
Teck Cominco smelter receipts for thebulk sample averaged 28 grams per tonne gold plus 64 grams per tonne silver.
The 2004 soil geochemical survey identified numerous and as yet untested gold in soil anomalies as much as 2,000 meters north of the Main Shear Zone drilling which appear to trend in the same northeast and northwest direction as the gold mineralization found in the shear zones around the Main Shear Zone. Gold mineralization found in a road cut 3,000 meters north of the Main Shear Zone drilling assayed 9.5 grams per ton gold.
Running Fox believes that these untested soil anomalies represent significant exploration targets that are similar in geology and grade of gold mineralization to that found around the Main Shear Zone.
Running Fox will be planning a 2011 exploration campaign at the Brett property that will also include drilling and trenching of soil anomalies, as the prior program opened up large areas for exploration and the development of additional gold bearing zones.
Complete maps, geochem, and drilling history are available for review/download on the Running Fox website.
The project has significant early stage block calculations on a small portion of one shear zone-- and there are numerous shear zones, running under large undrilled geochem zones with good gold values over large areas, (see Geochem in Assessment Report).
Following further drilling a new 43-101 Technical Report will be requested that will include all drilling and a qualifying resource calculation.
See the brief 3D Geological and drillhole movie and 3D Footwall image on website www.foxgold.ca
Steven Schurman, CEO, Professional Geologist (US), is the named Qualified Person for the technical contents of this news release.
Note: Source for all intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at www.foxgold.ca and on SEDAR.
On behalf of the Board of Directors:
Steven Schurman, P. Geol (US), CEO, Director
Running Fox Resource Corp.
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
Contact:
Steven Schurman, P. Geol (US)
Running Fox Resource Corp.
CEO, Director
1 604 725 8868
www.foxgold.ca
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