Rof Intersects 502.6m of 0.25%Ni in 2nd Drill Hole at Kingsmill, Project 81 (Drill Hole terminated in mineralization)
(via Thenewswire.ca)
Toronto, Ontario - February 28, 2012 Ring of Fire Resources Inc. (the
"Company" or "ROF") (TSX-V: ROF, FRANKFURT: RG5,
OTC.PK: HWKPF) is pleased to announce preliminary assay results from
the second drill hole (KML 12-02) drilled on the Kingsmill Nickel
Anomaly, Project 81, Timmins Area, Northern Ontario, Canada. Drill
Hole KML 12-02 was collared from the same location as KML 12-01at an
Azimuth of 300 and a dip of -600 for a total length of 620.6m that
intersected Serpentinized Peridotite from 116.0m to 620.6m. Overburden
thickness approximately 60.0m downhole and the entire section of the
Serpentinized Peridotite was mineralized and had an overall grade of
0.25% Ni over 502.6m, with enriched sections (see table). KML 12-02
was terminated in mineralization.
Table1: KML 12-02
---------------------------------------------------------
|Ni Assay (AR-ICP)|Ni Assay |Core Length*|From (m)|To |
| |(TD-ICP) | | |(m) |
|-------------------------------------------------------|
|0.25% Ni |0.30% Ni |502.6m |118.0 |620.6|
|-------------------------------------------------------|
|including: |? |? |? |? |
|-------------------------------------------------------|
|0.26% Ni |0.32% Ni |322.0m |295.0 |617.0|
|-------------------------------------------------------|
|Including |? |? |? |? |
|-------------------------------------------------------|
|0.30% Ni |0.33% Ni |39.0m |462.0 |501.0|
---------------------------------------------------------
(*Note: all measurements are down-hole core lengths, true width has
not yet been calculated)
Drill Hole KML 12-02 was drilled within a large magnetic anomaly (see
release of Feb 6, 2012 & Feb 21, 2012) to confirm geology and
mineralization from previously released historical drilling results.
KML 12-02 was terminated in mineralization at 620.6m and the
preliminary interpretation from this phase of drilling indicates that
the western end of the mineralized Nickel body is approximately 400m
wide and at least 500m deep, open at depth is steeply dipping to the
south (see Fig.1).
Another two (2) drill holes have been drilled to test the western part
of this anomaly and assays results are pending.
Nickel results released are preliminary Aqua Regia-ICP (1E3-ICP) and a
4-acid Total Digestion TD-ICP (1F2-ICP) analysis done by Activation
Laboratories Inc. (Actlabs). Samples are prepared at Actlabs in
Timmins (ISO 9001 accredited) and shipped to Thunder Bay or Ancaster
(ISO 17025 accredited) for specific analysis.The company has also
requested a Code 8-AR wet chemistry assay quality analysis for Nickel
on all samples greater than 0.25% Ni.
Aqua Regia (AR-ICP) analysis is designed to dissolve all non-silicate
Ni minerals, while the 4-acid Total Digestion (TD-ICP) analysis is
designed to dissolve both sulphide and silicate Ni minerals.
QA/QC Protocol
ROF has implemented a quality-control, quality assurance program to
ensure best practice principals are being applied in the sampling and
analysis of the drill core. NQ size drill core is delivered, logged,
tagged and saw cut in a secure facility in Timmins, and half the drill
core is sampled in standard intervals. The remaining half of the core
is stored in a secure location. The drill core is transported in
batches in sealed bags to the Actlabs prep lab in Timmins, Ontario by
ROF personnel. Actlabs is an ISO/IEC 17025 certified Laboratory by the
Standards Council of Canada. In addition to quality assurance controls
at the laboratory, blanks, and certified standards are been inserted
into the sample stream at random intervals. ROF also request a pulp
split of a specific sample within the sample steam at random.
About Project 81
Project 81 is a 72,218 hectare patented land package divided into 2
blocks. The patents include surface, mineral and timber rights, and
host a significant timber resource plus a number of zones that have
historical exploration identifying nickel and gold mineralization
(these sample results are historical and non 43-101 compliant) from
work carried out in the 1960's and 1970's some of which have been
previously announced.
About Ring of Fire Resources Inc.
Ring of Fire Resources Inc. is a Canadian based junior exploration
company holding in excess of 72,000 hectares of property in the
Timmins, Iroquois Falls and Smooth Rock Falls areas of Northern
Ontario, upon which it plans to develop and implement an exploration
program for the balance of 2011 and 2012. It also holds a portfolio
of diversified exploration projects at various stages of exploration
and drilling for Vanadium/Nickel/Copper/Chromium/PGM in the 'Ring of
Fire' McFauld's Lake Area of Northern Ontario, Gold in the Wawa area
of Northern Ontario, and Uranium in Northern Saskatchewan.
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. On site core logging and sampling is being
executed by Howard Lahti Phd, P.Geo (NB), under the supervision of
Randy Singh P.Geo (ON), P.Eng (ON) -Exploration Manager.
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.
Fig.1-Preliminary Geological Interpretation
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Contacts:
H. Vance White, President
Phone: 416-214-2250
Fax: 416-367-1954
eMail:info@ringoffireresources.com
Corinna de Beer, Investor Relations
Phone: 416-792-0343
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