Press release from Marketwire
Rainy River Resources Announces Appointment of Michael Mutchler as Chief Operating Officer
Tuesday, October 11, 2011
Rainy River Resources Announces Appointment of Michael Mutchler as Chief Operating Officer06:00 EDT Tuesday, October 11, 2011TORONTO, ONTARIO--(Marketwire - Oct. 11, 2011) - Rainy River Resources Ltd. (TSX:RR) (the "Company" or "Rainy") is pleased to announce the appointment of Michael A. ("Mike") Mutchler as the Company's Chief Operating Officer. He will assume his duties on November 1, 2011.Mr. Mutchler comes to Rainy River Resources from Kinross Gold Corp., where he held the position of Vice President, Project Development Services. During his employment with Kinross, Mr. Mutchler also served as Operations Manager at the Round Mountain gold mine in Nevada, Mining Manager for the Cerro Casale feasibility study, and Project Manager for the Paracatu Optimization feasibility study. Prior to joining Kinross, Mr. Mutchler was employed by ASARCO Incorporated for 20 years. He rose through the ranks at ASARCO, from Mine Foreman to Underground Manager, and then to General Manager of the Tennessee Mines Division. Mr. Mutchler also held the combined position of Mine Manager and Mine Maintenance Manager at ASARCO's Ray Mine in Arizona, a 90-million ton per year copper operation. Prior to these positions, Mr. Mutchler served as Director of Purchasing for ASARCO. Mr. Mutchler has a degree in Mining Engineering from South Dakota School of Mines, and an MBA from Webster University in St Louis, Missouri. He is currently completing an Executive Juris Doctorate at the Concord School of Law, Kaplan University in Los Angeles, California."We are very pleased to have a person with Mike's experience and credentials to lead the development of our Rainy River Gold Project. He is an excellent addition to the Rainy River management team" commented Raymond Threlkeld, President and CEO. About Rainy River Resources Ltd. Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River Gold Project. With over $110 million in cash and short term investments, the Company is well funded to conduct a dual-focused drilling program consisting of: 1) definition diamond drilling of the main gold resources in preparation for scoping and pre-feasibility studies, and 2) selective diamond-drill testing of high-priority gold targets defined primarily by RC drilling within the large gold system centred in Richardson Township. The Company's property is extremely well located in the southwestern corner of northern Ontario near the U.S. border. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development. The Company is also working to advance the early-stage discoveries at its TPK Joint Venture Property, also in Ontario, where it can earn a 51% interest in the property from Northern Superior Resources Inc. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development.RAINY RIVER RESOURCES LTD.Raymond W. Threlkeld, President & CEOThis release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.FOR FURTHER INFORMATION PLEASE CONTACT: Indi GopinathanRainy River Resources Ltd.Director, Investor Relations(416) email@example.comThe TSX Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.