Getting Closer to a Mine??
posted on
Apr 09, 2010 08:04PM
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)
Would this announcement be getting all the ducks in a line for selling the property, or to begin planning to mine it themselves... At least Kyle isn't getting deeply discounted shares at this time ($6.09 for 150,000) & if they are considered discounted in 5 years time, we should all be reasonably happy too....
maak
Press release from Marketwire
Friday, April 09, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2010) - Rainy River Resources Ltd. (TSX VENTURE:RR) (the "Company" or "Rainy") is pleased to announce the appointment of Kyle Stanfield, P.Eng. to the position of Director of Environment and Sustainability.
Mr. Stanfield will be responsible for leading the environmental assessment and permitting of the Rainy River Gold Project near Emo, Ontario. In addition, Mr. Stanfield will be responsible for furthering the Company's relations with local First Nations and the nearby communities.
Mr. Stanfield brings extensive mining project permitting and environmental assessment experience to Rainy. Most recently he developed and led the mine permitting group at DST Consultants. He has particular expertise in the area of gold mining, having served as an environmental engineer with Placer Dome Inc. both at overseas and Canadian operations prior to joining a consulting practice in 2000. Mr. Stanfield served as Manager of Projects with Rescan Environmental Services where he successfully led a $10M environmental assessment of the Galore Creek copper-gold project in British Columbia. He also has extensive experience leading multi-disciplinary teams to complete environmental assessments and associated project permitting under the harmonized provincial and federal environmental assessment process. His experience includes working closely with First Nations communities in Northwestern Ontario, the Northwest Territories, and Northern British Columbia.
Raymond Threlkeld, President and CEO of the Company, commented, "We are very pleased to welcome Kyle to Rainy River Resources. The Company is building a young, dynamic team to manage the permitting and development of the Rainy River Gold Project. Kyle's extensive experience in project permitting and serving as a liaison with First Nations throughout the mine development process will be important as we move the project towards development."
Mr. Stanfield has been granted options to acquire a total of 150,000 common shares of the Company at the exercise price of $6.09 per share for a period of 5 years, subject to vesting.
About Rainy River Resources Ltd.