Running Fox Resource Corp. Appoints New Director/Geologist
02 Marzo 2011 - 8:31AM
Marketwired
Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources, (TSX VENTURE: RUN) (PINK SHEETS: RFXRF)
(FRANKFURT: C8Q) is pleased to report that Neil Burns, P.Geo.,
M.Sc., Director of Geology for Silver Wheaton Corp. TSX "SLW", NYSE
"SLW", has joined the Board of Directors and will be appointed Head
of Geology for Running Fox and the Brett Gold and Silver
Project.
Mr. Burns has over 16 years of mining, exploration, and resource
evaluation experience in the Americas, Europe, and Africa.
Currently Director of Geology for Silver Wheaton Corp., he holds a
M.Sc in Mineral Exploration from Queen's University. His experience
included green to brownfields exploration, mine geology, and
resource evaluation. He was the Corporate Resource Geologist for
Lundin Mining Corporation and prior to that was involved with
resource evaluation with Snowden M.I.C., and a Senior Mine
Geologist for several operating mines.
He is a Registered Professional Geologist with APECBG, and a
Member of the Society of Economic Geologists.
In order to streamline the Board, Dr. Reuven Gitter has stepped
down as a director and remains a consultant, and the Company would
like to thank him for his contributions.
Mr. Burns will be organizing an upcoming exploration program on
Running Fox's Brett Gold and Silver Project, located in Southwest
British Columbia, which has returned significant drill intercepts
such as 16.76 metres of 35.79 grams per metric ton gold.
The Project 's 291 ton bulk sample was processed by Teck
Cominco's smelter facility in Trail BC, from simple surface
excavated pits.
The Teck Cominco smelter receipts for the net recovered grades
for the bulk sample proved ore averaged 28 grams per tonne gold
plus 64 grams per tonne silver.
In addition to the intercepts above, prior drilling assayed
significant gold bearing intersections in 15 of the 17 holes
drilled, notably:
DDH# 04-01 intersected 10.2 meters grading 5.28 grams gold 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 intersected 1.3 meters of 176 grams gold
per ton 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. See "Top 40 Gold Intercepts" on website.
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.
Complete maps, geochem, and drilling history are available for
review/download on the Running Fox website. See the brief 3D
Geological and drillhole movie on website www.foxgold.ca
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.
The Company relies on legislation applicable to forward looking
statements, seeking safe harbour.
Contacts: Running Fox Resource Corp. 1 604 725 8868
www.foxgold.ca
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