Ring of Fire Resources Inc. Announces West Timmins Area Land Acquisition
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Press Release Source: Ring of Fire Resources, Inc. On Monday December 13, 2010, 12:59 pm EST
TORONTO--(Marketwire - 12/13/10) - Ring of Fire Resources Inc. (the "Company" or "ROF") (TSX-V:ROF - News) (Frankfurt:RG5 - News) (Pinksheets:HWKPF - News) is pleased to announce that it has successfully acquired by staking 40 contiguous blocks, comprised of 398 claim units and totalling approximately 15,661 acres in the Denyes, Halcrow and Greenlaw townships, West Timmins Area, Porcupine Mining District, Northern Ontario.
ROF refers to this property as the D&H Project. It is contiguous to the SaraCourt Project held by RedPine Exploration Inc ("Red Pine"), which contains the Michelle, Krista and Mortimer mineralized zones currently being actively explored by RedPine (see RPX news release dated November 11, 2010). In a news release dated October 21, 2010, Red Pine announced results from diamond drilling on the SaraCourt Project that included 4.05 g/t gold over 35 metres, included in which was an intersection that ran 7.76 g/t gold over 15 metres.
Recent re-interpretation of the geology and structural controls of this area has the DZ3 Deformation Zone presently being explored by RedPine projecting onto the D&H Project (See map attached). There are two additional deformation zones, namely the DZ2 deformation zone and the DZ1 deformation zone, that are projected to continue within the D&H Project. The DZ2 occurs in a number of patented claims strategically located along this deformation zone. The DZ1 appears to strike in the direction of the Trelawney Mining & Exploration Inc Chester Project where they announced (see TTRR news release dated November 16, 2010) an intersection of 520.28 metres of 1.44 g/t gold (0.92 g/t cut) including 1.70 metres of 199.80 g/t gold.
ROF believes that the D&H project is well situated in the new geological interpretations of an old mineralized province that is evident by the recent announcement of results from Red Pine Explorations Inc. from their SaraCourt project, Probe Mines Limited on their Borden Lake Project, and REC Minerals' extensive land position and interest in the area.
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About Ring of Fire Resources Inc.:
Ring of Fire Resources Inc. is a Canadian based junior exploration company with a portfolio of diversified exploration projects at various stages of exploration and drilling for Nickel/Copper/Chromium/PGM in the 'Ring of Fire' McFauld's Lake Area of Northern Ontario, Gold in Northern Ontario, and Uranium in Northern Saskatchewan and Quebec.
Michael Newbury, P. Eng (ON), a "qualified person" as such term is defined by National Instrument 43-101 and a director of ROF has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of ROF.
More detailed information is available on the website at www.ringoffireresources.com
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
The foregoing information may contain forward-looking statements relating to the future performance of Ring of Fire Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Ring of Fire Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Contacts:
Ring of Fire Resources Inc.
H. Vance White
President
Phone: 416-214-2250
Fax: 416-367-1954
Corinna de Beer
Investor Relations
Phone: 416-792-0343
eMail: ir@ringoffireresources.com |
