Fire River appoints new directors and officers
03 Octobre 2012 - 11:00PM
PR Newswire (Canada)
VANCOUVER, Oct. 3, 2012 /CNW/ - Fire River Gold Corp. , (OTCQX:
FVGCF), (the "Company") is pleased to announce that Mr. Kenneth
Stowe and Mr. Jacques McMullen have been appointed directors of the
Company in place of R. David Russell and M. Christine Melian who
have resigned. Mr. Stowe will also act as Chairman of the Board for
the Company. Mr. Paul Dyer has been appointed Chief Financial
Officer of the Company in place of Mr. Brent Timmons. The Board of
Directors would like to thank Mr. Russell, Ms. Melian and Mr.
Timmons for their contributions to the Company and wishes them well
in their future endeavours. Mr. Stowe joins us with over 35 years
of mining industry experience. Most recently, he was President and
Chief Executive Officer of Northgate Minerals Corporation from
September 1999 to July 2011. He was the recipient of the Canadian
Mineral Processor of the Year Award in 2006. Mr. McMullen has over
thirty years of industrial experience. He has held numerous
operating and corporate positions in mining which have involved him
internationally with cross-functional expertise applied to
operations, feasibility studies, evaluations, project development
and start-ups. He has held various positions with Barrick
Gold Corp. including, Senior Vice President of Technical Services
and Vice President of Metallurgy and Process Development. Mr.
McMullen graduated in 1977 from Laval University (Quebec, Canada)
with a degree in Metallurgical Engineering; subsequently, he
completed a Master's Degree in Mineral Processing. Mr. Dyer has
over 18 years of experience in the mining industry including
controller at the Carson Hill Mine for Carson Hill Gold Corp., U.S.
corporate controller for Western Mining Corp. of Australia,
controller at the Jerritt Canyon Mine for Queenstake Resources,
controller at the start-up of the Mineral Ridge Project for Scorpio
Gold US and controller for the El Quevar project in Salta,
Argentina for Golden Minerals Company. Mr. Blane Wilson, President
and CEO of Fire River Gold Corp. commented "Everyone here at Fire
River Gold gives a warm welcome to Ken, Jacque and Paul. We look
forward to their leadership and expertise to collaborate with our
team, as we rapidly advance the Nixon Fork mine". The Company also
announces the granting of 3,786,636 stock options at an exercise
price of $0.11 per share to certain directors, officers, employees
and consultants of the Company. All options have a term of five
years and shall vest in accordance with the policies of the TSX
Venture Exchange. The options are granted pursuant to the
Company's fixed stock option plan (the "Plan"). The aggregate
number of shares reserved for issuance under the Plan which may be
made subject to Options at any time and from time to time shall not
exceed 10,244,237 shares. About Fire River Gold: Fire River Gold
Corp.'s flagship property is the wholly owned Nixon Fork Gold Mine
located in the resource rich Tintina Gold Belt. Operations at Nixon
Fork commenced in July 2011, with a near term production target of
30,000 oz gold by end of 2012, and projecting an increase to
35,000 to 40,000 oz gold per year in 2013. The Nixon Fork Mine is a
past producing mine with a high grade production history, and a low
capital requirement due to pre-existing infrastructure. The Nixon
Fork Mine is operated by Mystery Creek Resources, a wholly owned
subsidiary of Fire River Gold Corp. based in Anchorage, Alaska. The
mine operates year-round producing both gold concentrate and doré
bars. The company's mine plan is designed to replace mined
resources on an annual basis, insuring sustainable gold
production. Excellent district scale exploration potential
provides additional upside for the project. Fire River Gold has
built a stable platform for growth and a new, experienced and
dynamic management team and Board of Directors. With new
leadership, a revamped mine plan, increased mill production and
exploration upside, Fire River is poised for a period of growth and
increased shareholder value. ON BEHALF OF THE BOARD OF DIRECTORS
FIRE RIVER GOLD CORP. "Blane Wilson" Blane Wilson President and CEO
------------------------------ Cautionary Statement Regarding
Forward-Looking Information Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. This news release
contains forward-looking statements regarding the business and
operations of Fire River Gold. In particular, statements regarding
use of proceeds and production targets in the upcoming years are
forward-looking statements. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from Fire River's plans or expectations include
risks relating to the actual results of current exploration
activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of
capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time
to time in the filings made by Fire River with securities
regulators. Fire River expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities legislation.
Fire River Gold Corp. CONTACT: FIRE RIVER GOLD CORP.Kimberly Ann,
Corporate CommunicationsEmail: info@firerivergold.comTelephone:
(604) 261 0580www.firerivergold.com
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