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Thursday, October 20, 2011

Running Fox (TSX.V :RUN) Reports on Drilling to North of High Grade Gold Intercepts

Bulk sample averaged .82 ounce gold and 2.2 ounce silver per ton

Investorideas.com Mining newswire issues  the following gold stock news alert  for Running Fox Resources (TSX-V: RUN), ( OTC :RFXRF)

Wednesday October 20, 2011   Steven Schurman, P. Geol. (US), CEO, Director reports:

Running Fox Resources, TSX-V “RUN”, US OTC “RFXRF” reports that it has completed the first phase of its drill program on the north portion of its high grade Brett Gold Project in southwestern BC.  Assays from this first phase are pending.

The area has significant gold anomalies but until this program had not been drill tested.
The target was the continuation of shear zones that are contiguous to the south which have returned the following prior high grade gold intercepts (generally near surface):

When Investorideas.com asked to the significance of the results and news,  Steven Schurman, P. Geol. (US), CEO, Director noted that “these are very high grade drill intercepts, near surface and with very good road access, infrastructure etc., the bulk sample show many ounces of silver here as well, since the bulk sample averaged .82 ounce gold and 2.2 ounce silver per ton.”

Investor Hi-lights:

*Running Fox Resource Corp. now owns 100% of the advanced and developing Brett Gold and Silver Project in British Columbia, over 50 square kilometres, the majority is royalty free.
*Cash on hand to start drill programs. 53 Million shares outstanding.
*The Company also owns other assets, and has cash flow from oil and gas.

Results:


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.

Note: Source for all prior intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at  www.foxgold.ca and on SEDAR.

Successful Bulk Sample:
Previous Silver and Gold Bulk Sample Processed by Teck Cominco in Canada, smelter receipts averaged 28 grams per tonne gold, plus 64 grams per tonne silver
See website 3D Geological drillhole movie, 3D Footwall, maps, geochem, and drilling.
Running Fox Resource Corp.  www.foxgold.ca
*Running Fox Resource Corp. now owns 100% of the advanced and developing Brett Gold and Silver Project in British Columbia, over 50 square kilometres, the majority is royalty free.
*Cash on hand to start drill programs. 53 Million shares outstanding.
*The Company also owns other assets, and has cash flow from oil and gas.

On behalf of the Board of Directors: Steven Schurman, P. Geol (US), CEO, Director, and the named Qualified Person for the technical contents of this news release.
604 725 8868    

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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