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| Rainy River Resources photo |
The head of Rainy River Resources believes its stumbled on a whole new gold district in northern Ontario.
The company expects a soon to be released study on its gold project north of Barwick.
President Raymond Threlkeld cautions the revised assessment will show higher capital costs, reflecting increases in labor and materials costs.
The company had previously reported known gold resources to be just below 6-million ounces with the possibility of at least another two million more.
