11:44 AM EST - Rainy River Resources Ltd. : announced receipt of an updated and revised positive Preliminary Economic Assessment ("PEA") for its 100% owned Rainy River Gold Project in western Ontario. Highlights from the first 10 years of production: Average annual production of 308,000 gold ounces and 478,000 silver ounces; Average mill head grade of 1.45 g/t of gold, an increase of 50% over the first PEA; Average open pit grade improves by 39% to 1.25 g/t of gold with stockpiling of low grade material compared to the November 2011 PEA open pit grade of 0.90 g/t of gold. Rainy River Resources Ltd.
shares T.RR are trading down $0.01 at $4.43.
