October 20, 2011 (Investorideas.com Mining Newswire) - 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) :
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.
Published at Investorideas.com Mining newswire
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising . Investorideas.com was paid $300 to distribute the news release for Running Fox Resources, TSX-V “RUN”, US OTC “RFXRF”
www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
No comments:
Post a Comment