Rainy River Hits 29.2 m Of 2.35 g/t Gold With Drill Hole

Rainy River Resources Ltd. has announced that the first drill hole in its reverse-circulation drilling program, designed to test Zone 1 on its property in Richardson Township, Ontario, hit 29.2 m of 2.35 g/t core. Within this interval were two higher-grade subintervals: 7.5 m of 5.46 g/t Au and 3.7 m of 5.69 g/t Au; these lengths seem to be close to true width. The news release in which this finding was announced sketches out the geology of Target 1 and current exploration efforts.

Rainy River closed at $1.76 yesterday. The current bid-ask is $1.78-$2.00, indicating a higher open.

The company's Google Finance web page is here.



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