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Skyharbour Resources Ltd. is a uranium and precious metal exploration company actively involved with the development of projects in one of the most active uranium exploration regions in the world, the Athabasca Basin, Saskatchewan.

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Oct 31, 2007 05:18AM

Oct 31, 2007 01:55PM

Nov 05, 2007 10:58AM

 POSTED ON RAINY RIVER WEB SIGHT

Monday NOV. 5 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR) is pleased to report that partial assays have been received for NR07198, a 2000-metre drill hole which is currently in progress and is designed to test the ODM/17 Zones and the 433 Zone well down dip from the known gold mineralization. In the upper part of the hole, semi-massive to massive sulphide bands consisting of pyrite-chalcopyrite-sphalerite hosted in sheared metavolcanic rocks were intersected in a new mineralized horizon occurring 400 metres south and stratigraphically above the ODM/17 Zones. This hole was spotted 100 metres west of NR07-121 and is the most southerly hole drilled by the Company on the project to date. The new zone is characterized by unusually high silver values.

HIGHLIGHTS:

- NR07-198 cuts 4.0 metres grading 25.67 g/t Au and 184.14 g/t Ag between 494.5 and 498.5 metres (uncut) including 0.5 m grading 192.72 g/t Au, 1289 g/t Ag and 1.11% Cu between 494.5 and 495.0 metres

- Assays from a wider, lesser mineralized section above and below this interval are pending

Nelson Baker commented, "The occurrence of this new mineralized area 400m south of the known gold zones illustrates that significant mineralization in Richardson Township is not restricted to the 17 Gold Trend. This new discovery significantly impacts the exploration potential of the area. The high silver values are an added bonus."

It is projected that NR07198 will intersect the 17 Gold Trend hosting the ODM Zone at approximately 1000 metres down hole. So far, the 6 km2 Richardson Township gold anomaly hosts eight significant gold zones with several high priority targets remaining to be tested.

Nelson W. Baker, P.Eng., is the Qualified Person for the project and the person responsible for the contents of this news release.

 


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