This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Rainy River Resources Completes Feasibility Study: Establishes Intermediate Production Profile With 4.0 Million Ounces Of Gold In Proven And Probable Reserves

Waste rock-to-mill-feed operating strip ratios average 2.8 during the first ten years of operations, net of the capitalization of waste material costs. Waste material totalling 32.6 million tonnes ( $62.7 million) is excluded from operating expenses and capitalized during the mine life. Mined waste and overburden will be stored in nearby stockpiles or used in dike construction activities associated with the tailings management area.

At the peak of open pit mining (Year 7), a workforce of approximately 299 persons (staff and hourly employees) will be required.

For the underground mine, LH and CAF mining methods are proposed in a ratio of approximately 80:20 by reserves. LH mining will mainly follow a traditional transverse primary-secondary pyramid sequence, using cemented rockfill ("CRF") in the primary stopes and unconsolidated rockfill ("RF") in the secondary stopes. There are minor amounts of longitudinal stoping that will use CRF. The LH stopes are designed with a 25-metre sublevel interval and a hanging wall dip of 60 degrees. The primary stopes are designed to be an average of 10 metres transverse width (across strike) by 10 metres wide (along strike), and the secondary stopes are designed to be 10 metres transverse width by 20 metres wide.

The CAF mining method is proposed in shallower dipping areas that are above the cut-off grade. This method involves mining 5-metre lifts from the bottom up; the lowest lift of a mining zone is mined first. Once complete, this lift is backfilled with unconsolidated rockfill and then the next 5-metre lift above the backfill is mined.

The mining areas are accessed by a main ramp that is 6.0 metres wide by 5.5 metres high with an average gradient of 15%. The underground mine will require main ramps, footwall accesses for LH stopes, and the infrastructure required to support mining activities such as a small underground shop, sumps, and ventilation drifts and raises. Mined waste will either be used as backfill, when possible, or hauled to the waste storage facility at surface. It is estimated that approximately 50% of the underground waste will remain underground as backfill.

6 of 11

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs