Monday, March 15, 2010

Rainy River Resources Update

It's good news, but the president of Rainy River Resources says there's still more work ahead following the recent release of an independent review of its exploration activities in the district.

President Raymond Threlkeld says the resource estimate identifies about five million ounces in potential gold reserves.

The report identifies another 2-7 million ounces in inferred resources, but Threlkeld says they need to better determine its feasibility to be mine.