Replies to post #2709 on iHub Mining Sector Entrance Lobby

[Tackler]

Canadian securities regulators release improved mining disclosure rules

VANCOUVER, Oct. 7 /CNW/ - The Canadian Securities Administrators (CSA)
has improved the rules for mining disclosure by making them more practical and
user-friendly to help mining issuers cut compliance costs while maintaining
investor confidence in the disclosure across Canada.
Today, the CSA published new versions of National Instrument 43-101
Standards of Disclosure for Mineral Projects and Form 43-101F1 Technical
Report that will replace the rules for mining disclosure that have been in
effect since Feb. 1, 2001.
The Companion Policy 43-101CP, which includes explanations, discussion
and examples on how the CSA will interpret and apply the instrument, will also
be replaced.
The CSA monitored and evaluated the mining disclosure rules that were put
in place in 2001 and the amendments reflect changes that have occurred since
then in the mining industry, simplify the drafting, provide exemptions in
specified circumstances and generally make the current NI 43-101 more
user-friendly and practical. The changes come after the proposed amendments
were published publicly in late-2004 with more than 60 submissions received
from 58 commenters during the comment period.
The changed rules are expected to come in force in every province and
territory across Canada on Dec. 30, 2005, subject to ministerial approvals
where required. The notice, details of the amendments, and the CSA's response
to the comments are available on the websites of several provincial securities
commissions.

The CSA, the council of the securities regulators of Canada's provinces
and territories, coordinates and harmonizes regulation for the Canadian
capital markets.

[Tackler]

Rainy River playing in Mud Creek

2005-10-11 12:51 ET - News Release

Mr. Nelson Baker reports

RAINY RIVER ACQUIRES NEW GOLD PROJECT IN NORTHEASTERN MINNESOTA

Consistent with the company's mandate to search for large-scale gold deposits in underexplored Precambrian Shield greenstone belts, Rainy River Resources Ltd. and its subsidiary, 608457 B.C. Ltd., have acquired the right to earn a 100-per-cent interest in 10 contiguous mining units totalling 4,296 acres (1,738 hectares) called the Mud Creek project, located in St. Louis county, northeastern Minnesota, approximately 30 kilometres south of the international border with Ontario. The project is underlain by the Vermilion greenstone belt, part of the Wawa subprovince, which hosts the giant Hemlo deposit (greater than 100 tonnes of gold), and is also part of the Shebandowan greenstone belt, host to numerous gold and base metal deposits.

In June, 2004, the Minnesota Department of Natural Resources conducted a 32-sample glacial-basal-till orientation survey and a seven-sample bedrock sampling program in the Mud Creek area of the Vermilion greenstone belt. Both the till and bedrock samples were collected by MDNR's staff and then shipped to Nepean, Ont., for analytical processing in the laboratory owned and operated by Overburden Drilling Management Ltd., leaders in tracing glacially transported gold and heavy mineral concentrates (HMC) up ice to their bedrock source.

Of the 32 samples analyzed, four were highly anomalous for gold, with counts ranging from 88 to 1,282 gold grains per 10 kilograms of minus-two-millimetre sample, and pristine gold grain proportions up to 98 per cent and up to 8.05 grams per tonne gold in HMC (non-magnetic concentrates). A suite of bedrock samples collected returned assays ranging from 424 parts per billion up to 12.25 grams per tonne gold and up to 42.50 grams per tonne silver. These results are significant as they confirm the presence of a previously unrecognized mineral system perhaps associated with the Mud Creek deformation zone. An orientation program consisting of till sampling will be conducted by ODM's experienced staff on the Mud Creek project and is scheduled to begin later this month. Data gained from this program will be integrated with existing data and will be used to design the scope and scale of the 2006 exploration program.

Nelson W. Baker, PEng, and president of Rainy River Resources is the qualified person and the person responsible for the contents of this news release.