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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (1724)	5/29/2007 9:09:34 AM
From: LoneClone	Read Replies (1) \| Respond to of 193043

Rainy Intersects 55.7 Metres of 4.01 g/t Gold in "ODM Zone" and 10.05 Metres of 2.87 g/t Gold in "East Zone" Tuesday May 29, 8:30 am ET biz.yahoo.com VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2007) - Nelson W. Baker, President of Rainy River Resources Ltd. (TSX VENTURE:RR - News) is pleased to report that the upper half of a 716 metre step-out drill hole, NR07-156, west and down-plunge of the ODM ZONE has successfully recorded the widest and strongest gold intersections released to date. Hole NR07-156, which was designed to test the ODM Zone approximately 90 metres down plunge from previously released hole NR07-138 (4.5 m grading 22.64 g/t Au) and 60 metres south of NR07-152 (44.50 m grading 1.12 g/t Au) was successful in intersecting a 55.7 metre true width interval grading 4.01 g/t Au (uncut) including a 27.8 metre true width interval of 7.20 g/t Au (uncut). This intersection is approximately at the -290 m level and now extends the 17 and ODM Zones for a continuous strike length of 1300 metres remaining open to the west and down plunge. At the time of this release, the results for the lower half of hole NR07-156 and several others were not available. This news release also includes the results for hole NR07-162 drilled to test the up-plunge extension of the East Zone, the eastern extension of the 17 Zone. This hole intersected a 10.05 metre true width interval of 2.87 g/t Au (uncut) within a broad 125.6 metre gold interval grading 0.754 g/t Au. The details of all intervals for both holes are highlighted in Table 1, below. In addition to tracing the limits of the 17 Gold Trend in both direction with three drill rigs, the Company has initiated a 30-hole reverse circulation basal till gold sampling program under the supervision of Overburden Drilling Management Limited. This RC program will be centered in the western part of the Company's Richardson Township property and is designed to generate other "hidden" gold targets that remain untested within the large 6 sq. km "gold in till" anomaly. As well, the Company has initiated a down hole IP (DHIP) survey program within the 17 and ODM Zones supervised by JVX Ltd. (Toronto), specialists in tracing large disseminated mineral zones under glacial cover. The Quality Assurance and Quality Control (QA/QC) procedures and details followed by Rainy River can be viewed on its website rainyriverresources.com. Nelson W. Baker, P Eng., is the Qualified Person for the Rainy River Project and the person responsible for the contents of this news release. Nelson W. Baker, President The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward-looking statements. Table 1 Selected Significant Results --------------------------------------------------------- From To Interval Gold Grade Hole (m) (m) (m) (g/t)(uncut) --------------------------------------------------------- ODM ZONE -280 M LEVEL --------------------------------------------------------- NR07-156 353.00 408.70 55.70 4.01 Including 353.00 381.70 28.70 7.20 --------------------------------------------------------- --------------------------------------------------------- --------------------------------------------------------- From To Interval Gold Grade Hole (m) (m) (m) (g/t)(uncut) --------------------------------------------------------- EAST ZONE -300 M LEVEL --------------------------------------------------------- NR07-162 284.40 410.00 125.60 0.76 Including 363.50 392.00 28.50 1.89 Including 363.50 368.00 4.50 3.44 Including 381.95 392.00 10.05 2.87 --------------------------------------------------------- Based on core angles logged in the above holes, all quoted interval thicknesses are considered to be true widths. The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release. Contact: Brad Baker Rainy River Resources Ltd. (604) 731-6900 ext. 248 (604) 731-6999 (FAX) Email: bwb@rainyriverresources.com Website: www.rainyriverresources.com Source: Rainy River Resources Ltd.