TORONTO, ONTARIO, Aug. 31, 2010 -- Rainy River Resources Ltd. ("Rainy River" or the "Company") (TSX: RR) is pleased to announce drill results from the Rainy River Gold Project in Northwestern Ontario.
Rainy River Resources Ltd. closed at $6.36 Monday, trading 80,207 shares.
Rainy River Infill Drilling Returns 407.9 g/t Gold (11.9 oz/ton) Over 4.5 Metres in ODM Zone
About Rainy River
Rainy River is a Canadian precious metals exploration company whose key asset is the Rainy River Gold Project. With over $60 million in its treasury the Company is well funded to conduct a dual-focused drilling program consisting of: 1) definition diamond drilling of the main gold resources in preparation for scoping and prefeasibility studies, and 2) selective diamond drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centered in Richardson Township. The Company's property is extremely well located in the southwestern corner of Northern Ontario near the U.S. border. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development.
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VANCOUVER, BRITISH COLUMBIA, Aug. 31, 2010 -- ICN Resources Ltd. ("ICN" or the "Company") (TSX: ICN) is pleased to announce the 100% acquisition of 358 unpatented lode mining claims.
ICN Resources Ltd. closed at $0.235 Monday, trading 96,000 shares.
ICN Acquires Nevada Property, Located South of the Sleeper Mine
About ICN Resources
ICN is primarily focused on exploration for volcanic-hosted precious metal deposits in Nevada, emphasizing targets with geological similarities to Sleeper, Hollister, Midas and Aurora in Nevada and El Penon in Chile. ICN plans to explore for the high-grade feeder zones associated with large low-grade gold and silver systems, primarily in western Nevada, but are looking for similar opportunities in established mineral belts elsewhere in the United States. The ICN management and geologic team have extensive experience in Nevada and will use it to generate prime opportunities.
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