Wednesday, September 29, 2010

Numbers and Tailings PEA

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The market was unimpressed with FAU paper and it closed off slightly on big volume on Friday.

Scotia was responsible for 881,000 in selling with a major cross for 550,000 containing the bloodshed.

FAU (22 0.51 - 0.52 15.5) 0.52 -0.01 1,156,100

It was a red letter day for number hounds as the Co has released both a PEA for tailings and quarterly numbers.

"Fire River Gold Corp. has released the results of a preliminary economic assessment (PEA) for the completion of a 250-tonne-per-day cyanidation circuit and the implementation of leaching at the Nixon Fork gold mine in Alaska's Tintina gold belt. The report is entitled "A Preliminary Economic Assessment for Recovering Gold from Tailings at Nixon Fork Mine using a CIL Process," and is prepared by George Rawsthorne, PEng, who is independent of the company. This study will be included in an NI 43-101-compliant technical report that will be released over the next 45 days."


The study demonstrates a potentially strong economic benefit to the company ..."