Wednesday, March 10, 2010

Resource Estimate Released


Rainy River Resources has a better indication of how much gold it has in plans for a potential gold mine in Richardson township, northwest of Emo.

President Raymond Threlkeld says a resource estimate points to about 2.3 million ounces of know resources, but more work must be done to confirm another 2.7 million ounces in inferred resources.

"It gives us an indication of what's there, but it does says if these are extractable ounces at this time," says Threlkeld.

Threlkeld says they may have a better indication about the inferred resources when another resource estimate comes out in the fall.