Rainy River Resources' Latest Results from Intrepid Zone Highlight Quality of Grades and Continuity of the Zone

RR.TSX

TORONTO, May 14, 2013 /CNW/ - Rainy River Resources Ltd. ("Rainy River" or the "Company" (RR.TSX)) is pleased to announce further assay results from the Intrepid Zone ("Intrepid") at the Rainy River Gold Project ("RRGP") in northwestern Ontario.  Results are summarized in Table 1.

HIGHLIGHTS

  • Infill drill hole NR131525 intersected 3.2 grams per tonne ("g/t") gold and 16.0 g/t silver over 25.5 metres, at a vertical depth of 274 metres, including 14.8 g/t gold and 51.5 g/t silver over 3 metres.
  • Drill hole NR131542 intersected 2.6 g/t gold and 35.0 g/t silver over 28.5 metres, at a vertical depth of 235 metres, including 4.7 g/t gold and 56.5 g/t silver over 13.5 metres.
  • Drill hole NR131512 intersected 1.3 g/t gold and 8.8 g/t silver over 42.0 metres, at a vertical depth of 208 metres, including 8.7 g/t gold and 24.3 g/t silver over 3.0 metres.
  • Drill hole NR131534 intersected 8.0 g/t gold and 28.3 g/t silver over 6.9 metres, at a vertical depth of 262 metres, including 15.2 g/t gold and 36.3 g/t silver over 3.0 metres at a vertical depth of 262 metres.
  • Drill hole NR131532 intersected 11.4 g/t gold and 63.7 g/t silver over 7.4 metres at a vertical depth of 257 metres.

INTREPID - LATEST DRILL HOLE RESULTS

With the addition of 52 new diamond drill holes released today, a total of 154 holes have now defined the core of the Intrepid Zone over a 410-metre strike length, and have traced the mineralization down-dip for 450 metres.  The Zone remains open at depth, and deeper targets will be drilled later in 2013.

The latest assay results are consistent with previous results and continue to demonstrate excellent continuity within the Intrepid Zone, with its margins now much better defined. Drilling continues to define a high grade corridor that could potentially be exploited via underground mining early in the life of the RRGP. This corridor is currently being modeled with several different gold-equivalent cut-off grades. From the work to date, Intrepid clearly hosts parallel and plunging high grade shoots of mineralized material, similar to those observed in the ODM Zone, at the heart of the Rainy River Gold Project.

Work has now resumed following the spring thaw, with four diamond drill rigs deployed and targeted to expand the thickest portions of Intrepid in the plunge direction and better define the Zone. The Company plans to release a National Instrument 43-101-compliant mineral resource estimate for the Intrepid Zone in Q3-2013.

COMMENTARY

Raymond Threlkeld, President and CEO of Rainy River Resources Ltd., commented: "As we continue to drill out Intrepid in preparation for its inaugural resource estimate in the third quarter of this year, we continue to find excellent gold and silver grades throughout the Zone. In this set of results, drill hole NR131525 highlights both the quality of the grade and the continuity of the Zone, intersecting 3.2 grams per tonne gold and 16.0 grams per tonne silver over 25.5 metres, including 14.8 g/t gold and 51.5 g/t silver over 3 metres. We are excited about Intrepid's potential to add significant value to the project.

"In addition, Rainy River continues to advance the engineering and permitting of the Project while maintaining our strong balance sheet position."

Qualified persons

Rainy River's exploration program in Richardson Township is being supervised by Kerry Sparkes, P.Geo., Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101.  Mr. Sparkes, P.Geo., is also the person responsible for the content of this news release. The Company has a rigorous QA/QC program in place to ensure best practices in sampling and analysis of drill core.  All drill core is marked for sampling and then split in half with a diamond saw blade.  Samples are placed in sealed bags with security tags.  All samples were assayed using a standard fire assay, 30 gram nominal sample weight with an AA finish.  Over-limit samples were re-assayed with a gravimetric finish.  Samples with visible gold were automatically analyzed for Ore Grade by 1000 g screen fire assay, with coarse and fine fractions being combined proportionately and the fine fraction being assayed twice.  Standards, blanks and duplicates are inserted every 25 samples, with a maximum sample length being 1.5 metres.  ALS Canada Ltd. performed primary assaying, with check assays at Activation Laboratories Ltd.  ALS Canada Ltd. and Activation Laboratories Ltd. implement independent QA/QC protocols that include the insertion of certified blanks and standards as part of their routine analysis.

About Rainy River

Rainy River Resources Ltd. is a Canadian precious metals exploration company whose key asset is the Rainy River Gold Project, a large gold system centred in Richardson Township (part of Chapple Township). As at March 31, 2013, the Company had approximately $90 million in cash and cash equivalents, and it remains well funded for its ongoing activities, including: 1) commencement of detailed engineering work and ongoing permitting and environmental assessment work; 2) continuing to grow the existing resource through exploration; 3) conducting a condemnation program in areas identified for potential mine facilities; and 4) continuing regional exploration. RRGP is very well located in northwestern Ontario. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development in Canada. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development.

RAINY RIVER RESOURCES LTD.

Raymond W. Threlkeld
President and CEO

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. These statements include the possible suitability of certain mineralized zones for open-pit mining and that reported mineralization from recent drill results will translated into confirmed resource calculations. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

TABLE 1

HOLE-ID  Azimuth   Dip   Section   Vertical  
Depth
  FROM
(m)
TO
(m)
  LENGTH
(m)
  Au (gpt)     Ag (gpt)  
NR121402 359 -51           N/S  
NR121418 359 -63 427278 330 378.0   381.0   3.0 1.1 0.7
        379 430.5 442.5 12.0 0.9 9.9
        406 459.0 478.5 19.5 0.7 9.9
NR121420 359 -80           N/S  
NR121430 359 -61 427344 301 339.3 369.0 29.7 1.4 9.2
NR121435 359 -51 427563 68 72.0 81.0 9.0 0.5 3.3
NR121453 359 -51           N/S  
NR121465 358 -51 427416 95 115.5 121.5 6.0 1.2 24.0
NR121469 359 -51           N/S  
NR121471 359 -51 427236 177 237.0 240.8 3.8 0.7 20.5
NR121479 359 -51 427514 78 88.5 93.0 4.5 0.8 7.0
NR121480 357 -52           N/S  
NR121482 359 -51           N/S  
NR121485 359 -51           N/S  
NR121486 359 -51           N/S  
NR121487 356 -51           N/S  
NR121489 359 -51           N/S  
NR121490 359 -51 427537 166 205.5 211.5 6.0 0.9 2.2
NR121491 3 -51 427548 183 222.3 240.0 17.7 0.4 3.9
NR131498 359 -51 427417 161 207.0 214.8 7.8 1.8 12.3
        183 229.5 252.0 22.5 0.6 7.9
NR131499 359 -51 427417 173 228.0 232.5 4.5 3.6 12.9
        193 250.5 267.0 16.5 0.7 10.2
NR131505 359 -51 427515 186 218.0 253.5 35.5 0.7 10.5
NR131508 359 -51 427324 176 232.5 235.9 3.4 5.9 48.3
NR131512 359 -51 427445 208 255.0 297.0 42.0 1.3 8.8
INCL 359 -51 427445 205 270.0 273.0 3.0 8.7 24.3
NR131513 359 -51 427417 280 355.5 364.9 9.4 2.1 0.8
NR131519 359 -51 427365 138 165.0 193.5 28.5 0.6 17.6
NR131520 359 -51 427437 210 250.5 286.5 36.0 0.8 14.0
INCL 359 -51 427437 202 250.5 265.5 15.0 1.1 11.9
AND 359 -51 427437 220 277.5 286.5 9.0 1.3 33.0
NR131522 359 -51 427233 217 288.0 297.0 9.0 0.9 9.3
NR131525 357 -51 427383 274 343.5 369.0 25.5 3.2 16.0
INCL 357 -51 427382 266 343.5 346.5 3.0 14.8 51.5
NR131526 359 -51 427484 166 204.0 216.0 12.0 1.2 27.7
NR131527 355 -51 427459 240 291.0 330.0 39.0 0.9 7.4
NR131528 359 -51 427359 301 378.0 397.5 19.5 0.6 5.4
        319 408.0 415.5 7.5 0.9 10.8
NR131529 359 -51 427230 236 310.5 316.5 6.0 1.0 14.3
NR131530 359 -51 427399 297 378.0 387.0 9.0 1.0 12.5
NR131531 359 -51           N/S  
NR131532 355 -51 427299 257 340.6 348.0 7.4 11.4 63.7
NR131533 359 -51 427310 291 378.0 397.5 19.5 1.8 14.9
NR131534 359 -51 427226 262 345.3 352.2 6.9 8.0 28.3
INCL 359 -51 427226 262 346.5 349.5 3.0 15.2 36.3
NR131535 357 -52 427421 301 384.0 393.0 9.0 1.7 33.8
NR131536 359 -51 427397 309 390.0 411.0 21.0 0.8 6.2
NR131537 359 -51 427270 268 354.0 366.0 12.0 3.5 31.2
NR131538 359 -51 427225 290 373.5 385.5 12.0 0.8 7.6
NR131539 359 -51 427313 310 396.0 430.5 34.5 1.3 12.0
NR131540 359 -61 427346 299 354.0 381.0 27.0 1.2 17.9
NR131541 358 -52 427255 255 328.5 343.5 15.0 1.5 15.5
NR131542 359 -51 427293 235 303.0 331.5 28.5 2.6 35.0
INCL 359 -51 427293 233 307.5 321.0 13.5 4.7 56.5
INCL 359 -51 427293 232 312.0 315.0 3.0 11.7 106.0
NR131544 359 -54 427230 302 381.0 394.5 13.5 2.7 23.0
NR131545 359 -61 427265 307 361.5 370.5 9.0 1.9 12.0
NR131546 359 -51 427464 192 240.0 249.0 9.0 4.6 109.8
INCL 359 -51 427464 192 243.0 246.0 3.0 8.9 278.6
NR131548 359 -51 427442 177 220.5 241.5 21.0 0.9 11.1
NR131549 359 -51 427387 136 165.0 181.5 16.5 1.1 27.2
NR131550 359 -51 427385 163 205.5 225.0 19.5 1.8 34.5
INCL 359 -51 427385 158 205.5 210.0 4.5 4.6 86.6
NR131551 359 -51 427281 169 214.5 232.5 18.0 1.9 22.2

*Vertical depth is calculated by determining the vertical depth at the mid-point of the down-hole intersection.

 

SOURCE Rainy River Resources

Image with caption: "Map 1 - Diamond Drill Hole Location Plan Map (CNW Group/Rainy River Resources)". Image available at: http://photos.newswire.ca/images/download/20130514_C6671_PHOTO_EN_26672.jpg

Image with caption: "Map 2 - 427300E Cross Section (CNW Group/Rainy River Resources)". Image available at: http://photos.newswire.ca/images/download/20130514_C6671_PHOTO_EN_26673.jpg

Image with caption: "Map 3 - Vertical Longitudinal Section (CNW Group/Rainy River Resources)". Image available at: http://photos.newswire.ca/images/download/20130514_C6671_PHOTO_EN_26674.jpg




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