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Rainy River Resources Provides Update on 2013 Planned Activities

2/11/2013 8:20:00 AM
By: MT Newswires
Referenced Stocks:

Rainy River Resources Ltd. (RR.TO) provided an update on its planned activities for 2013. On its overview, it said: "The feasibility study and permitting process respecting the Rainy River Gold Project are progressing according to schedule. Exploration drilling re-commenced in mid-January with the intent to add to the RRGP's existing gold resource of 6.2 million and 2.3 million ounces in the Measured & Indicated and Inferred categories, respectively. The company is well funded to complete its 2013 activities, with approximately $102 million in cash and equivalents as of December 31, 2012."