Running Fox Resources Announces Formal TSX.V Approval To Acquire Remaining 50% of Brett Gold Project
(Thomson Reuters ONE) -
Running Fox Resources, TSX-V "RUN", US OTC "RFXRF" is pleased to report that it
has received formal Toronto Stock Exchange - Venture approval for its agreement
to acquire the remaining 50% of the its high grade Brett Gold Project, Running
Fox will then own 100%.
The Teck Cominco smelter receipts for the net recovered grades for the whole
bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne
silver.
A review of drilling results at the Brett Gold Project includes 16 metres of 35
grams per ton gold.
Brett Gold Property - from 43-101 Technical Report Table of
Significant Intersections
selected intercepts all over minimum width/grade, Gold values
only, Silver To Be Determined
+--------+------+------+------+------+-+------+------+--------+----------------+
| | | | | | | | | | Gold |
|Hole # |Grade |from |to |length| |from |to |length |grade |
+--------+------+------+------+------+-+------+------+--------+ |
| |oz | | | | | | | in | |
|number |Au/t |feet |feet |feet | |meters|meters|meters |gms Au/mt |
+--------+------+------+------+------+-+------+------+--------+----------------+
|86-04 | 0.253| 34.51| 39.01| 4.49| | 10.52| 11.89| 1.37| 8.66|
+--------+------+------+------+------+-+------+------+--------+----------------+
|86-09 | 0.290|154.99|160.01| 5.02| | 47.24| 48.77| 1.53| 9.93|
+--------+------+------+------+------+-+------+------+--------+----------------+
|86-10 | 0.125|146.00|150.98| 4.99| | 44.50| 46.02| 1.52| 4.28|
+--------+------+------+------+------+-+------+------+--------+----------------+
|86-15 | 0.284|135.01|141.01| 6.00| | 41.15| 42.98| 1.83| 9.73|
+--------+------+------+------+------+-+------+------+--------+----------------+
|86-16 | 0.175|185.99|197.01| 11.02| | 56.69| 60.05| 3.36| 5.99|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-29 | 0.166|137.80|141.08| 3.28| | 42.00| 43.00| 1.00| 5.68|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-29 | 0.737|149.77|178.05| 28.28| | 45.65| 54.27| 8.62| 25.24|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-29 | 0.274|170.90|178.00| 7.10| | 52.09| 54.25| 2.16| 9.38|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-30 | 0.144|263.00|273.00| 10.00| | 80.16| 83.21| 3.05| 4.93|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-30 | 0.127|296.26|301.51| 5.25| | 90.30| 91.90| 1.60| 4.35|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-30 | 0.092|311.90|329.00| 17.10| | 95.07|100.28| 5.21| 3.15|
+--------+------+------+------+------+-+------+------+--------+----------------+
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-36 | 0.063|149.93|175.03| 25.10| | 45.70| 53.35| 7.65| 2.16|
+--------+------+------+------+------+-+------+------+--------+----------------+
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-37 | 0.104|212.90|234.60| 21.70| | 64.89| 71.51| 6.61| 3.56|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-42 | 0.991|256.70|265.70| 9.00| | 78.24| 80.99| 2.74| 33.94|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-45 | 0.169|216.50|221.50| 5.00| | 65.99| 67.51| 1.52| 5.79|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-45 | 0.125|226.40|232.90| 6.50| | 69.01| 70.99| 1.98| 4.28|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-46 | 0.119| 93.40| 98.10| 4.70| | 28.47| 29.90| 1.43| 4.08|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-46 | 0.107|105.00|119.80| 14.80| | 32.00| 36.52| 4.51| 3.66|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-46 | 0.074|137.96|188.98| 51.02| | 42.05| 57.60| 15.55| 2.53|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-46 | 0.111|170.90|186.00| 15.10| | 52.09| 56.69| 4.60| 3.80|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-46 | 0.133|259.19|279.04| 19.85| | 79.00| 85.05| 6.05| 4.55|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-47 | 0.110|221.10|226.70| 5.60| | 67.39| 69.10| 1.71| 3.77|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-47 | 0.980|245.10|248.10| 3.00| | 74.71| 75.62| 0.91| 33.56|
+--------+------+------+------+------+-+------+------+--------+----------------+
|88-51 | 0.540|125.00|132.20| 7.20| | 38.10| 40.29| 2.19| 18.49|
+--------+------+------+------+------+-+------+------+--------+----------------+
|88-61 | 0.082|148.29|153.22| 4.92| | 45.20| 46.70| 1.50| 2.81|
+--------+------+------+------+------+-+------+------+--------+----------------+
|88-61 | 0.278|233.90|236.90| 3.00| | 71.29| 72.21| 0.91| 9.52|
+--------+------+------+------+------+-+------+------+--------+----------------+
+--------+------+------+------+------+-+------+------+--------+----------------+
|88-62 | 0.119|356.60|366.50| 9.90| |108.69|111.71| 3.02| 4.08|
+--------+------+------+------+------+-+------+------+--------+----------------+
|88-67 | 0.091|332.19|337.11| 4.92| |101.25|102.75| 1.50| 3.12|
+--------+------+------+------+------+-+------+------+--------+----------------+
|88-69 | 0.107|373.40|378.80| 5.40| |113.81|115.46| 1.65| 3.66|
+--------+------+------+------+------+-+------+------+--------+----------------+
|88-73 | 0.168|505.25|509.84| 4.59| |154.00|155.40| 1.40| 5.75|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-76 | 0.118|395.01|401.05| 6.04| |120.40|122.24| 1.84| 4.04|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-78 | 0.041|235.89|257.48| 21.59| | 71.90| 78.48| 6.58| 1.40|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-80 | 0.211|262.93|268.01| 5.09| | 80.14| 81.69| 1.55| 7.23|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-80 | 0.197|322.87|325.69| 2.82| | 98.41| 99.27| 0.86| 6.75|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-80 | 0.202|343.34|347.83| 4.49| |104.65|106.02| 1.37| 6.92|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-82 | 0.185|323.00|332.41| 9.42| | 98.45|101.32| 2.87| 6.34|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-89 | 0.720|615.72|618.01| 2.30| |187.67|188.37| 0.70| 24.66|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-89 | 0.280|611.61|618.01| 6.40| |186.42|188.37| 1.95| 9.59|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-91 | 1.256|441.31|445.41| 4.10| |134.51|135.76| 1.25| 43.01|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-91 | 0.726|441.31|450.66| 9.35| |134.51|137.36| 2.85| 24.86|
+--------+------+------+------+------+-+------+------+--------+----------------+
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-92 | 1.590|427.00|430.74| 3.74| |130.15|131.29| 1.14| 54.45|
+--------+------+------+------+------+-+------+------+--------+----------------+
|89-97 | 0.224|462.60|470.90| 8.30| |141.00|143.53| 2.53| 7.67|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-02 | 0.076|102.03|136.98| 34.94| | 31.10| 41.75| 10.65| 2.60|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-02 | 0.049|247.00|332.00| 85.00| | 75.29|101.19| 25.91| 1.68|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-03 | 0.100| 73.00| 77.92| 4.92| | 22.25| 23.75| 1.50| 3.42|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-04 | 0.027| 19.72| 34.94| 15.22| | 6.01| 10.65| 4.64| 0.92|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-07 | 0.503| 88.90|104.00| 15.10| | 27.10| 31.70| 4.60| 17.23|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-09 | 0.089| 52.99| 58.07| 5.09| | 16.15| 17.70| 1.55| 3.05|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-15 | 0.100|145.01|155.02| 10.01| | 44.20| 47.25| 3.05| 3.42|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-15 | 0.101|149.93|155.02| 5.09| | 45.70| 47.25| 1.55| 3.46|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-15 | 0.108|274.93|284.94| 10.01| | 83.80| 86.85| 3.05| 3.70|
+--------+------+------+------+------+-+------+------+--------+----------------+
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-17 | 0.224| 55.00| 80.00| 25.00| | 16.76| 24.38| 7.62| 7.67|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-17 | 0.462|385.01|405.02| 20.01| |117.35|123.45| 6.10| 15.82|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-16 | 0.074| 75.00|185.00|110.00| | 22.86| 56.39| 33.53| 2.53|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-18 | 0.165|221.46|225.07| 3.61| | 67.50| 68.60| 1.10| 5.65|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-18 | 0.228|245.08|254.92| 9.84| | 74.70| 77.70| 3.00| 7.81|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-18 | 0.088|294.95|304.95| 10.01| | 89.90| 92.95| 3.05| 3.01|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-19 | 0.270|135.00|140.00| 5.00| | 41.15| 42.67| 1.52| 9.25|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-19 | 0.113|135.01|149.93| 14.93| | 41.15| 45.70| 4.55| 3.87|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-19 | 0.110|195.05|199.97| 4.92| | 59.45| 60.95| 1.50| 3.77|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-21 | 0.124| 50.03| 54.95| 4.92| | 15.25| 16.75| 1.50| 4.25|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-22 | 0.244|314.96|330.05| 15.09| | 96.00|100.60| 4.60| 8.36|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-22 | 0.084|315.00|406.00| 91.00| | 96.01|123.75| 27.74| 2.88|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-22 | 0.106|364.17|383.86| 19.69| |111.00|117.00| 6.00| 3.63|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-23 | 0.042|183.73|209.97| 26.25| | 56.00| 64.00| 8.00| 1.44|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.097| 34.94| 40.03| 5.09| | 10.65| 12.20| 1.55| 3.32|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.087| 60.04| 64.96| 4.92| | 18.30| 19.80| 1.50| 2.98|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.030| 98.43|144.36| 45.93| | 30.00| 44.00| 14.00| 1.03|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.054|225.00|320.00| 95.00| | 68.58| 97.54| 28.96| 1.85|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.102|260.01|264.93| 4.92| | 79.25| 80.75| 1.50| 3.49|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.072|274.93|280.02| 5.09| | 83.80| 85.35| 1.55| 2.47|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.089|280.02|284.94| 4.92| | 85.35| 86.85| 1.50| 3.05|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.227|288.71|291.99| 3.28| | 88.00| 89.00| 1.00| 7.77|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-24 | 0.112|305.12|310.04| 4.92| | 93.00| 94.50| 1.50| 3.84|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-25 | 0.050|324.80|360.89| 36.09| | 99.00|110.00| 11.00| 1.71|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-30 | 0.124| 80.05| 84.97| 4.92| | 24.40| 25.90| 1.50| 4.25|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-31 | 0.058| 62.34|101.71| 39.37| | 19.00| 31.00| 12.00| 1.99|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-32 | 0.136| 65.00|120.00| 55.00| | 19.81| 36.58| 16.76| 4.66|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-32 | 0.171| 70.05| 74.97| 4.92| | 21.35| 22.85| 1.50| 5.86|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-33 | 0.113| 20.01| 24.93| 4.92| | 6.10| 7.60| 1.50| 3.87|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-33 | 0.050|104.99|129.92| 24.93| | 32.00| 39.60| 7.60| 1.71|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-33 | 0.088|399.93|405.02| 5.09| |121.90|123.45| 1.55| 3.01|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R88-34 | 0.083|400.26|410.10| 9.84| |122.00|125.00| 3.00| 2.84|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-11 | 0.197|130.00|140.00| 10.00| | 39.62| 42.67| 3.05| 6.75|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-12 | 1.840|115.00|120.00| 5.00| | 35.05| 36.58| 1.52| 63.01|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-12 | 1.210|140.00|145.00| 5.00| | 42.67| 44.20| 1.52| 41.44|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-12 | 0.382|130.00|150.00| 20.00| | 39.62| 45.72| 6.10| 13.09|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-12 | 0.208|200.00|210.00| 10.00| | 60.96| 64.01| 3.05| 7.12|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-12 | 0.113|175.00|210.00| 35.00| | 53.34| 64.01| 10.67| 3.87|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-16 | 0.692|120.00|125.00| 5.00| | 36.58| 38.10| 1.52| 23.70|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-17 | 0.408|105.00|110.00| 5.00| | 32.00| 33.53| 1.52| 13.97|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-17 | 2.750|125.00|130.00| 5.00| | 38.10| 39.62| 1.52| 94.18|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-17 | 1.640|125.00|135.00| 10.00| | 38.10| 41.15| 3.05| 56.16|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-19 | 1.045|100.00|155.00| 55.00| | 30.48| 47.24| 16.76| 35.79|
+--------+------+------+------+------+-+------+------+--------+----------------+
|R93-19 | 0.283|175.00|180.00| 5.00| | 53.34| 54.86| 1.52| 9.69|
+--------+------+------+------+------+-+------+------+--------+----------------+
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | |length |Gold |
|trench | | | | | | | |in |grade |
|# |Grade |from |to |length| |from |to |meters |gram Au/t |
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-TR4 | 1.840| 6.40| 10.99| 4.59| | 1.95| 3.35| 1.40| 63.01|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-TR21 | 2.052| 0.00| 7.87| 7.87| | 0.00| 2.40| 2.40| 70.27|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-TR21 | 0.372| 0.00| 7.87| 7.87| | 0.00| 2.40| 2.40| 12.74|
+--------+------+------+------+------+-+------+------+--------+----------------+
|87-TR22 | 0.110| 37.07| 54.13| 17.06| | 11.30| 16.50| 5.20| 3.77|
+--------+------+------+------+------+-+------+------+--------+----------------+
|93-TR770| 0.370| 0.00| 18.24| 18.24| | 0.00| 5.56| 5.56| 12.67|
+--------+------+------+------+------+-+------+------+--------+----------------+
|93-TR946| 0.980| 10.89| 13.52| 2.62| | 3.32| 4.12| 0.80| 33.56|
+--------+------+------+------+------+-+------+------+--------+----------------+
|93-TR957| 2.650| 19.23| 20.77| 1.54| | 5.86| 6.33| 0.47| 90.75|
+--------+------+------+------+------+-+------+------+--------+----------------+
|93-TR957| 0.696| 18.57| 24.70| 6.14| | 5.66| 7.53| 1.87| 23.84|
+--------+------+------+------+------+-+------+------+--------+----------------+
|93-TR988| 0.549| 54.49| 57.28| 2.79| | 16.61| 17.46| 0.85| 18.80|
+--------+------+------+------+------+-+------+------+--------+----------------+
2004 Program
In addition to the intercepts in the table above, the 2004 drilling program
intersected significant gold bearing intersections in 15 of the 17 holes
drilled, notably:
DDH# 04-01 intersected 10.2 meters grading 5.28 grams per ton including 1.6
meters grading 29.6 grams per ton gold, and,
DDH# 04-02 intersected 11.6 meters grading 10.39 grams gold per ton including
3.1 meters grading 34.02 grams per ton gold; and,
Importantly, DDH# 04-12 intercepted 1.3 meters grading 176 grams per ton gold
in a new shear zone.
This new zone, located on a tuffaceous bed, is located 53 metres east of the
main shear zone and represents a totally new zone as none of the previous
drill holes went as far east as this hole. The zone is cut off by several
postmineral dikes in the core, possibly indicating the presence of a second
parallel shear structure. If so, this would be the first confirmation of
bonanza high-grade gold values (greater than one ounce per ton gold) on a
parallel shear structure, opening the possibility that similar high-grade
zones may be present, along the numerous other shears identified during surface
work. The entire strike length of the new shear structure is unexplored as none
of the previous drill holes were near its projection.
Also See "Top 40 Gold Intercepts" at
http://www.foxgold.ca/images/40holes.jpg (copy and paste into URl if not
functioning)
The 2004 soil geochemical survey identified numerous and as yet untested gold in
soil anomalies as much as 2,000 meters north of the Main Shear Zone drilling
which appear to trend in the same northeast and northwest direction as the gold
mineralization found in the shear zones around the Main Shear Zone. Gold
mineralization found in a road cut 3,000 meters north of the Main Shear Zone
drilling assayed 9.5 grams per ton gold.
Running Fox believes that these untested soil anomalies represent significant
exploration targets that are similar in geology and grade of gold mineralization
to that found around the Main Shear Zone.
Post transaction, Running Fox will have approx. 49 million shares outstanding.
The Company has recurring cash flow and after recent progress, very little
debt.
In addition, the Company owns other assets.
Running Fox will be planning a 2011 exploration campaign at the Brett property
that will also include drilling and trenching of soil anomalies, as the prior
program opened up large areas for exploration and the development of additional
gold bearing zones.
Complete maps, geochem, and drilling history are available for review/download
on the Running Fox website.
The project has significant early stage block calculations on a small portion of
one shear zone-- and there are numerous shear zones, running under large
undrilled geochem zones with good gold values over large areas, (see Geochem in
Assessment Report).
Following further drilling a new 43-101 Technical Report will be requested that
will include all drilling and a qualifying resource calculation.
See the brief 3D Geological and drillhole movie on website www.foxgold.ca
3 D image of footwall below:
To view the, 3D image of footwall, please click on the following
link: http://media3.marketwire.com/docs/0221run.jpg (copy and paste into URL if
not functioning)
Steven Schurman, CEO, Professional Geologist (US), is the named Qualified Person
for the technical contents of this news release.
Note: Source for all intercepts are 43-101 Technical Report, and Brett Gold
Assessment Report available at www.foxgold.ca and on SEDAR.
On behalf of the Board of Directors: Steven Schurman, P. Geol (US), CEO,
Director
The Company relies on legislation applicable to forward looking statements,
seeking safe harbour.
For more information, please contact
Running Fox Resource Corp.
Steven Schurman, P. Geol (US)
CEO, Director
1 303 619 5234 or 604 725 8868
www.foxgold.ca
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Running Fox Resource Corp. via Thomson Reuters ONE
[HUG#1491180]
Unternehmensinformation / Kurzprofil:
Datum: 22.02.2011 - 06:20 Uhr
Sprache: Deutsch
News-ID 51754
Anzahl Zeichen: 25686
contact information:
Town:
Vancouver
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 164 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Running Fox Resources Announces Formal TSX.V Approval To Acquire Remaining 50% of Brett Gold Project"
steht unter der journalistisch-redaktionellen Verantwortung von
Running Fox Resource Corp. (Nachricht senden)
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