Friday, May 20, 2011

Gold Stock Profile for Running Fox Resources (TSX-V: RUN); Brett Gold and Silver Project Update

Point Roberts WA - May 20 , 2011 ( Mining Newswire) - a leader in sector research for investors including gold and mining stocks, issues a company snapshot for Canadian mining company Running Fox Resources, (TSX-V: RUN) (TSX VENTURE: RUN; PINK SHEETS: RFXRF; FRANKFURT: C8Q).
Running Fox Resource Corp. (TSX-V: RUN) (US OTC:RFXRF) (FRANKFURT:C8Q) is a Canadian growth-oriented resource company with mineral projects including US uranium and Canadian gold properties, oil and gas assets, and oilfield service
Running Fox (TSX-V:RUN) will be presenting at the upcoming online investor conference hosted by and May 25.26 th, ‘Follow the Money in Mining and Metals’
Learn more:
Key Investor Highlights
High grade drill results, strong potential for multi-million ounce gold and silver;
Small market capitalization;
Low outstanding shares;
Low fully diluted shares;
Owns 100 % of gold and silver project;
Canada project, a stable, secure jurisdiction;
Large land package, 54 square kilometres;
Excellent access, road is paved except for 20 kilometres of gravel road;
Bulk sample very successful processed by Teck Cominco, is high grade;
Very good metallurgy, high recovery ratios, .82 ounce gold, 2.2 ounce silver/ton;
Running Fox has no debt with (very small debt in subsidiary);
Running Fox also owns other non-core assets, Alberta oil and gas production, some cash flow;
Running Fox has 53 million outstanding and fully diluted, no warrants/options/no convertibles, just 53 million out and 53 full diluted
Running Fox now owns 100% of the Brett Gold and Silver Project, over 50 square kilometres, the majority is royalty free. Cash on hand to start drill programs, the Company also owns other assets. Company geologists are preparing drilling plans to follow-up on the following intersections:
  • DH 87-29 interval - 8.62 meters grading 25 grams per tonne gold;
  • DH 83-16 interval - 33.5 meters grading 2.53 grams per tonne gold;
  • DH 87-42 interval - 2.74 meters grading 33.94 grams per tonne gold;
  • DH 87-46 interval - 15.55 meters grading 2.53 grams per tonne gold;
  • DH 88-02 interval - 25.92 meters grading 1.68 grams per tonne gold;
  • DH 88-16 interval - 33.53 meters grading 2.53 grams per tonne gold;
  • DH 88-17 interval - 6.10 meters grading 15.82 grams per tonne gold;
  • DH 88-22 interval - 27.74 meters grading 2.88 grams per tonne gold;
  • DH 88-32 interval - 16.76 meters grading 4.66 grams per tonne gold;
  • DH 93-12 interval - 10.67 meters grading 3.87 grams per tonne gold;
  • DH 93-17 interval - 3.05 meters grading 56.16 grams per tonne gold;
  • DH 93-19 interval - 16.76 meters grading 35.79 grams per tonne gold;
  • DH 04-01 interval - 10.2 meters grading 5.28 grams per tonne gold;
  • DH 04-02 interval - 11.6 meters grading 10.39 grams per tonne gold; and, Importantly
  • DH 04 -12 interval - 1.3 meters of 176 grams per tonne gold in a new shear zone.
These drill intercepts include the gold only, but there is also SILVER. SILVER AND GOLD BULK SAMPLE PROCESSED BY TECK COMINCO: smelter receipts averaged approx. 28 grams per tonne gold plus 64 grams per tonne silver. 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. Steven Schurman, CEO, Professional Geologist (US), Qualified Person for technical content. Note: source for intercepts are 43-101 Technical Report, and Brett Gold Assessment Report on website and SEDAR.
Contact the company
Steven Schurman, CEO,
Running Fox Resource Corp.
604 725 8868
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
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