Nixon Fork Gold Mine Hosts Turn Key Mine Operation
NI 43-101 indicated resource of 128,500 ounces and inferred 74,600 ounces of gold
Message: Pinnicle Digest pick..turn key....
my comment...count me in at $.38....can we wait 18 months...my take prod in 12
Our team has gone back to the world renowned Tintina Gold Belt in Alaska to find our new Featured Company. We have selected Fire River Gold
Corp. (FAU:TSXV) as our Featured Gold Company of 2010. The company's flagship project is the Nixon Fork Gold Mine, a past producing high grade gold mine where management's objective is to re-establish production in the next 18 months, or potentially much sooner. And, thanks to the recent market pull back, the stock has dropped to a price level which ultimately dictated the timing of our selection. Fire River Gold currently trades at $0.44 per share, down from its peak of $0.75.
Fire River Gold is by far the most advanced mining company we have featured on any of the junior exchanges to date. It took 5 months of scouring the junior resource market to find this company. The long hours at the office were well worth it.
Fire River is a company with a market cap of just under $18 million. With over $100 million in infrastructure already in place at the company's Nixon Fork Gold Mine, we have truly found a turn key gold mining operation. Never before have we found a mining company with this amount of infrastructure and a market cap of less than $20 million.
When most junior miners talk about infrastructure, they are talking about electricity, roads, a potential nearby work force, etc. (all very basic components that don't hold a candle to what Fire River has in place). When Fire River explains its current infrastructure it is clear just how advanced its Nixon Fork project is, as the company owns a turn key gold mining operation.
Fire River is a company with a market cap of just under $18 million. With over $100 million in infrastructure already in place at the company's Nixon Fork Gold Mine, we have truly found a turn key gold mining operation. Never before have we found a mining company with this amount of infrastructure and a market cap of less than $20 million.
When most junior miners talk about infrastructure, they are talking about electricity, roads, a potential nearby work force, etc. (all very basic components that don't hold a candle to what Fire River has in place). When Fire River explains its current infrastructure it is clear just how advanced its Nixon Fork project is, as the company owns a turn key gold mining operation.
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