Welcome to the SkyHarbour Resources LTD Hub on AGORACOM

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.

Free
Message: Drills turning
Rainy Drilling on ODM/17 Zone Continues to Intersect Strong Gold Intervals 11.5 Metres Grading 5.37 Grams Per Tonne Gold (ODM Zone) 8.0 Metres Grading 5.50 Grams Per Tonne Gold (17 Zone East)
08:00 EST Tuesday, Nov 13, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2007) - Nelson W. Baker, President of Rainy River Resources Ltd. (TSX VENTURE:RR) is pleased to report the assay results for nine holes, NR07-181, 182, 183, 185, 186, 188, 190, 195 and NR07-196, all recently completed along the Company's 17 Gold Trend centered in the southern part of Richardson Township located 80 km south of Kenora in northwestern Ontario. Five of the eight holes (NR07-181, 183, 183, 188 and 196) were drilled in the ODM Zone either as in-fill or as step-outs to the west toward the Beaver Pond Zone. The remaining three holes (NR07-185, 186, 190 and 195) were drilled in the eastern part of the 17 Zone.

HIGHLIGHTS:

ODM ZONE

- NR07-181 intersects 37.5m grading 1.99 g/t Au including 11.5m grading 5.37 g/t Au

- ODM Zone extended 110m west with hole NR07-196 intersecting 6.0m grading 3.50 g/t Au

17 ZONE (EAST)

- NR07-195 two separate gold intervals:

- Upper Zone - 12m grading 2.04 g/t Au

- Lower Zone - 25m grading 2.55 g/t Au including 8.0m grading 5.50 g/t Au

The details of all intervals for the nine diamond drill holes are highlighted in Table I below. The location of all holes is posted on the Company's website.

A Phase IV reverse circulation drilling program recently completed south and north of the Beaver Pond Zone has provided compelling evidence that two additional mineralized trends occur parallel to and on each side (north and south) of the main 17 Gold Trend (see plan posted on website www.rainyriverresources.com). Situated 400m south and stratigraphically above the 17 Gold Trend, the CAP Gold Trend contains the Company's most recent discovery of semi-massive sulphide mineralization carrying strong gold and silver values announced in a news release dated November 5, 2007. Reverse circulation drilling indicates that the CAP Gold Trend may be 2 km long.

The second new mineralized trend, the 433 Gold Trend, lies 400m north of and stratigraphically below the 17 Gold Trend and has now been traced for 1.5 km in a west-northwesterly direction. Both the CAP and 433 GOLD TRENDS offer strong potential for the discovery of new gold zones along strike and at depth.

Referring to the deep hole (NR07-198) that identified the new gold-silver zone on the CAP GOLD TREND and is now targeting the 17 and 433 Trends at depth, Nelson Baker commented: "Rarely do we find exploration geologists who are willing to gamble on drilling a 2000 m drill hole to test for the down plunge extension of a gold horizon. The remarkable continuity of the ODM/17 Zone both down plunge and along strike in previous drilling, in conjunction with the broad 600 ha surface extent of the caldera mineralized system, has provided us with a high level of comfort in the depth potential of the system".

Share
New Message
Please login to post a reply