high_gear55
13 years ago
Running Fox Drilling Upzone From Prior 16 Meters 35 Grams Gold, 55 feet of 1.04 Ounce Gold
August 25, 2011 1:20 PM ET.
TICKERS IN THIS ARTICLE.NAME LAST CHNG % CHNG
# RFXRF 0.23 0.00 0.00
Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources, (TSX VENTURE:RUN) (PINK SHEETS:RFXRF) (FRANKFURT:C8Q) reports that diamond drilling has commenced on the northeast portion of its 100% owned high grade Brett Gold Project, north and upzone from the following key gold intersections:
DH 93-19 interval - 16.76 meters grading 35.79 grams per tonne gold;
DH 87-29 interval- 8.62 meters grading 25 grams per tonne gold;
DH 83-16 interval - 33.5 meters grading 2.53 grams per tonne gold;
DH 87-42 interval - 2.74 meters grading 33.94 grams per tonne gold;
DH 87-46 interval - 15.55 meters grading 2.53 grams per tonne gold;
DH 88-02 interval - 25.92 meters grading 1.68 grams per tonne gold;
DH 88-16 interval - 33.53 meters grading 2.53 grams per tonne gold;
DH 88-17 interval - 6.10 meters grading 15.82 grams per tonne gold;
DH 88-22 interval - 27.74 meters grading 2.88 grams per tonne gold;
DH 88-32 interval - 16.76 meters grading 4.66 grams per tonne gold;
DH 93-12 interval - 10.67 meters grading 3.87 grams per tonne gold;
DH 93-17 interval - 3.05 meters grading 56.16 grams per tonne gold;
DH 04-01 interval- 10.2 meters grading 5.28 grams per tonne gold;
DH 04-02 interval- 11.6 meters grading 10.39 grams per tonne gold; and,
Importantly DH 04-12 interval 1.3 meters of 176 grams per tonne gold in a new shear zone.
The first diamond drillhole has been completed and logging and splitting are ongoing, with one half of split core to be sent for assay and half saved for quality control and assurance measures.
Note: Source for all intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at www.foxgold.ca and on SEDAR.
Steven Schurman, P. Geol (US), CEO, Director, and the named Qualified Person for the technical contents of this news release.
Mtrader16
14 years ago
NEWS
Running Fox Resource Corp. (TSX VENTURE: RUN) (PINK SHEETS: RFXRF) (FRANKFURT: C8Q) -
Steven Schurman, CEO, P. Geol.(US) reports:
At the Company's AGM held October 4, 2010, the shareholders
elected the following directors: Steven Schurman, Michael Meyers, Wayne Waters, and Shane Meyers, who was nominated from the floor.
Saturna Group was re-elected as the Company's Auditors and the TSX Standard 10% Rolling Stock Option Plan
was also approved.
Following the AGM, a Director's Meeting was held and Dr. Reuven Gitter was re-appointed to the Board of Directors and the Board of Directors appointed Michael Meyers as President, and Steven Schurman as CEO.
Running Fox is a Canadian growth-oriented resource company with mineral projects including US uranium and Canadian gold properties, oil and gas assets, and oilfield service operations.
On behalf of the Board of Directors: Steven Schurman, Running Fox Resource Corp.
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
Contacts:
Running Fox Resource Corp.
Steven Schurman
CEO
303 619 5324 begin_of_the_skype_highlighting 303 619 5324 end_of_the_skype_highlighting
www.foxgold.ca
SPARK
14 years ago
This was the most recent info:
Toronto Stock Exchange Venture – symbol " RUN "
on Yahoo Finance type " RUN.V "
US OTC – symbol " RFXRF "
Frankfurt - symbol " C8Q "
on Yahoo Finance type " C8Q.F "
for Munich - symbol "C8Q.MU "
Issued and Outstanding: 41.7 million as at January 1, 2010
Monday, April 05, 2010
Running Fox 15 cent Financing
Running Fox 4,704,500-unit private placement
2010-04-05 16:39 ET - Private Placement
Shares issued 38,781,554
RUN Close 2010-04-05 C$ 0.145
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 31, 2010, and April 1, 2010.
Number of shares: 4,704,500 units (Each unit consists of one common share and one common share purchase warrant.)
Purchase price: 15 cents per unit
Warrants: 4,704,500 share purchase warrants to purchase 4,704,500 shares
Warrant exercise price: 15 cents until March 31, 2010
Hidden placees: 29 hidden placees
Insiders: Michael Meyers, 870,000;
Trent Moore, 100,000;
Abby Koshner, 100,000;
Shane Koshner, 100,000
Pro groups: Bryan Paul, 60,000; Stature Inc., 200,000; Thomas W. Seltzer, 125,000; James Blake, 150,000
Finders'' fees: $13,432 cash payable to Northern Securities Inc.; $1,050 cash payable to Canaccord Capital Corp.
SPARK
15 years ago
Running Fox Six Month Revenues Up and EBITDA Earnings Up
7/31/2009 2:27:36 PM - Market Wire
VANCOUVER, BC, Jul 31, 2009 (MARKETWIRE via COMTEX News Network) --
RUNNING FOX RESOURCE CORP. TSX-V "RUN" U.S. OTC "RFXRF" Frankfurt "C8Q"
Steven Schurman, CEO, U.S. Professional Geologist, reports:
Running Fox has released its 2009 six month results:
Revenues for the 6 month period increased 35 % to $4,827,510. This compares favorably to $3,563,592 for the comparable 6 month period in 2008.
6 month earnings (EBITDA) increased 190 % to $296,205. This compares favorably to $101,552 for the comparative period in 2008.
* Where the Company provides "Non-GAAP Financial Measures", readers should note that the Non-GAAP Financial Measures do not have a standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other issuers. Management feels this information is useful to readers of the financial statements to evaluate the income on an operational basis. The Company also booked an accounting amount for amortization and depletion of $351,669 for the 6 months
Trent Moore, VP comments: " The Company is holding its own on an EBITDA basis while surviving a very difficult business climate in Alberta, even though our Alberta natural gas production was shut-in for the Shell Canada Waterton Plant upgrades, which is now back in operation. While we will not make excuses for the economic climate, overall Company revenues and profitability were impacted by the continued downturn in the North America energy sector. This is attributed to the ongoing recession, as well as to low natural gas and oil prices, which reduce drilling and therefore oilfield service contracts and work. We believe energy prices will rise and renew our oilfield service work and increase cash flow from our natural gas and liquid condensate production. in the meantime, our gold and uranium projects are garnering some attention."
Running Fox has 41.7 million shares outstanding, with positive exposure to energy, uranium, and gold. Visit www.foxgold.ca for more information.
On behalf of the Board of Directors: Steven Schurman, CEO, U.S. Prof. Geologist.
SPARK
15 years ago
Running Fox: Processing Resumes for Pincher Creek Natural Gas Field
7/30/2009 7:46:01 PM - Market Wire
CALGARY, ALBERTA, Jul 30, 2009 (Marketwire via COMTEX News Network) --
Running Fox Resource Corp. (TSX VENTURE:RUN)(PINK SHEETS:RFXRF)(FRANKFURT:C8Q)
Trent Moore, Vice President, reports:
The Company and its partners have been notified of a resumption in the processing of the Pincher Creek Natural Gas Field.
This follows a shut-in during modifications to optimize Shell Canada's Waterton gas plant. The Company's production is imminent as test volume restrictions are relaxed for the initial start-up phase of the upgraded plant.
Located in SouthWest Alberta, the Pincher Creek Field has several prospective and productive zones and many wells in the field are generally considered to have up to 50 years productive life.
Discussions with the technical team of the operator include a proven new multistage acid frac technique which greatly increased an area well's flow rate.
Trent Moore, VP comments "It will be nice to gather revenues again for the natural gas project since the upgrade period delayed sales, and we remain cautiously optimistic on the long term natural gas price trend. Eventually, increased natural gas prices will renew development and expansion plans at Pincher Creek."
Other than during the recent upgrade period, the Company and partners have produced natural gas and liquid condensates continuously since January 2006 from the Pincher Creek Project.
Running Fox is a Canadian small cap resource company that has interests in oil and gas, uranium, and high grade gold resource projects.
The Company also provides oilfield construction and maintenance services to other energy producers.
The Company has 41.2 million shares issued and outstanding and trades on the Toronto Stock Exchange- Venture Board. Visit www.foxgold.ca for further information.
On behalf of the Board of Directors:
Trent Moore, VP
SPARK
15 years ago
Running Fox Resources- New Mexico Uranium
Steven Schurman, CEO, Professional Geologist (US) reports:
Running Fox Resources is pleased to report that it has acquired 2,880 acres by staking lode mining claims covering extensive uranium mineralization in New Mexico, USA. Prior to the collapse of uranium prices in the early 1980’s, exploration and development drilling by a number of major mining companies identified a series of shallow uranium and vanadium deposits covered by the area acquired by Running Fox.
Based on discussions and detailed analysis with the geologist who managed several of those drill programs, and on over 150 drill holes, it is believed that the land that Running Fox has acquired may contain several million pounds of uranium and up to 8 million pounds of vanadium (this is non National Policy 43-101 compliant and is not to be relied on). Additionally, he has indicated that published chemical assays were taken from surface rock samples located within 500 feet of the existing Running Fox claims that assayed as high as 2.31% uranium and 1.64% vanadium.
Chemical assays of drill cuttings in the same area varied up to 1.05% uranium and also contained vanadium. Some of the uranium mineralization encountered in these drill holes is near the surface.
Running Fox will compile all available geological and drill data and be commissioning a 43-101 report from the qualified geologist, and will continue to study the area surrounding this acquisition, acquireing additional property as warranted.
This Project has been joint ventured for up to a 50% interest with Strategic Resources.
Diamond Drilling On Running Fox New Mexico Uranium Project
Running Fox has been notified of the diamond drilling permit applications filed by its Joint Venture partner who is earning an interest in Running Fox's New Mexico Uranium Project located in the United States.
The partner is earning up to a 50% interest by expending $600,000 U.S. in exploration and drilling, and by paying Running Fox up to 3.5 million shares (1.5 million shares having been received to date)
SPARK
15 years ago
Home » News » Thursday, April 30, 2009
First Quarter 3 Month Revenues Up 99 % to $4.381 Million EBITDA Earnings Up 324 % to $741,000, Net Income Up 1279 % to $524,486
Running Fox 09 First Quarter:
3 Month Revenues Up 99 % to $4.381 Million EBITDA Earnings Up 324 % to $741,000, Net Income Up 1279 % to $524,486
Steven Schurman, CEO, U.S. Professional Geologist, reports:
Running Fox has filed its 2009 first quarter financial statements on SEDAR.
Revenues for the 3 month period increased 99 % to $4,381,403. This compares favorably to $2,195,325 for the comparable 3 month period in 2008.
3 month income from operations (EBITDA) increased 324 % to $741,001. This compares favorably to $228,462 for the comparative period in 2008.
* Where the Company provides “Non-GAAP Financial Measures”, readers should note that the Non-GAAP Financial Measures do not have a standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other issuers. Management feels this information is useful to readers of the financial statements to evaluate the income on an operational basis.
After accounting amounts for amortization and depletion, and costs for interest and taxes, the net income increased over 1,200 % to $524,486 for the 3 month period. This compares favorably to $41,003 for the comparative period in 2008.
(The Company booked an accounting amount for amortization and depletion of $260,669 for the 3 months)
Advanced High Grade Gold Project
While Running Fox is focused on revenue generation in the energy sector, rising gold prices have stimulated interest in its high grade gold project in British Columbia, Canada where diamond drill intercepts have assayed high grade gold such as 55 feet of 1.04 ounces (see 43-101 and Assesment Reports on SEDAR or on the Running Fox website, see "Top 40")
Diamond Drilling On Running Fox New Mexico Uranium Project
Running Fox has been notified of the diamond drilling permit applications filed by its Joint Venture partner who is earning an interest in Running Fox''s New Mexico Uranium Project located in the United States.
The partner is earning up to a 50% interest by expending $600,000 U.S. in exploration and drilling, and by paying Running Fox up to 3.5 million shares (1.5 million shares having been received to date)
Upcoming Announcements
Company will provide an update on its Canadian producing oil and gas project.
Running Fox has 41.7 million shares outstanding, with positive exposure to energy, uranium, and gold.
On behalf of the Board of Directors: Steven Schurman, CEO, U.S. Prof. Geologist.
Running Fox Resource Corp. 1.403.742.0527 website : www.foxgold.ca
SPARK
15 years ago
- a Canadian small-cap resource sector company with mineral exploration projects in its gold and uranium mineral division, oil and gas exploration and production division, and cash flow oilfield services and technology division.
New gold and precious metals and other mineral properties, oil and gas projects, and acquisitions of cash flowing companies are being reviewed.
New technologies are being developed/tested in the oilpatch.
Cash Flow with Mineral Discovery Upside: 2008 revenue exceeds $9.3 Million from oilfield services and secondarily from natural gas production. Combining natural gas sales and its energy sector field service revenues, with the potential accretive income streams and new technology means that Running Fox has a strong platform for growth. (past results are not indicative of future results)
Leveraged to Energy, Uranium, and Gold.
Disclaimer : This Website may include certain forward-looking statements. Please read the Disclaimer for this Website below on this Page.
* CURRENT NOTES TO SHAREHOLDERS
Note 1. To see our recycler technology in action "New Way to Recycle Drilling Fluids" interview at theenergynews.com, Here is a link to the interview, it may take a moment for buffering.
or Download it here, about 11 Mb
THIS SITE MAY NOT BE UPDATED WITH RECENT DEVELOPMENTS
* The Company owns 50% of a significant high-grade development gold project in Canada. 2004 drilling assays include 4.3 feet of 5.1 ounces gold, and previous drilling includes 55 feet of 1.04 ounces gold. The Brett Gold Project covers 20 square kilometers. On the website, research the Brett Gold Project Assessment Report located under the "RF GOLD" tab, and view the brief 3D geological movie of diamond drillholes.
* The Company owns a 100% interest in Alberta subsidiaries operating oilfield services, technology development and construction/facilities development, including S.A.G.D.
* The Company is producing natural gas in Alberta.
41 Million shares outstanding (Jan/09)
Leveraged to Energy, Uranium, and Gold.
Further Acquisitions to Accelerate Growth
Looking for more people power.
Running Fox is seeking more experienced personnel/professionals to drive growth for its energy sector division,for its mineral exploration division, its oil and gas exploration and production division, and for its environmentally friendly remediation and encapsulation division.
if you have oilfield industry skills and knowledge, or mineral exploration experience and education, P.Geology etc., email your cv/resume to info@foxgold.ca Only those applicants with suitable skills will be contacted.
We take good ideas seriously.
If you have a resource or environmental project or an interesting idea and want to advance it, call to discuss with us and/or email.
CLAYMORE FIELD SERVICES / CLARESHOLM Rentals & Oilfield Services * see www.claymorefieldservices.com
( a 100% owned subsidiary of Running Fox)
A Trusted Industry Leader
Claymore’s mission is to be a leader in the oilfield construction industry by offering a full range of services including Construction and Maintenance, Insulating, Buildings, Trucking Services, and Equipment Rentals. Claymore strives to ensure the highest standard of quality, efficiency and compliance. Claymore employees use new ideas and innovation to enhance service and increase customer satisfaction and are determined to keep the highest and most dependable standards of integrity and honesty.
Claymore constructs natural gas pipelines, plant facilities, oil fiels batteries, oil field flow-lines, compressor and booster stations, buildings and offers a full range of oilfield and well services :
• Complete Well site facilities
• Gas Plants
• Building erection & insulating
• Process facilities, and oil and gas seperators
• Power & cogeneration systems
• Structural Steel/Piping
• Equipment rentals
• Equipment assembly and setting (separator packages,
flare systems, tanks, compressors etc.)
• Welding Procedures
• QA/QC Controlled
Complete Installation, Maintenance, and Insulation of:
• Boilers
• Metal buildings & replacement of metal buildings
• Metal roofing & re-roofing
• Process piping systems
• Precipitators
• Tanks
• Vessels
• Utility door enclosures & maintenance.
High Impact Alberta Natural Gas Acreage
Running Fox Alberta Natural Gas Production in SouthWest Alberta
(interest in up to 28 Sections or up to approx. 17,500 acres, 28 Square Miles of the well-known Pincher Creek Gas Field)
The first well in the Project is a horizontal directional drilling well and has been drilled and completed. The Company plans to drill and complete further wells this season on its Pincher Creek Gas Field Project (28 Square Miles) with numerous 3D seismic defined downspacing drill targets, several development targets, recompletion opportunities, and exploration targets.
These can be very long-life wells with a possible productive capacity of over 40 years, during which gas prices will rise significantly. Further wells will add to the project value, especially some inexpensive Blairmore frac completions for sweet gas and 38 degree API oil. That prospective Blairmore zone is under all of 28 Sections of land in SouthWest Alberta. The Pincher Creek Gas Field project is located 10 miles from the Montana, U.S. border.
Several other Alberta development drilling projects and cash flow acquisitions are being reviewed.
BRITISH COLUMBIA, BRETT GOLD PROJECT
50% owned by Running Fox)
High-Grade Gold Development- Brett Gold Project, Okanagan Valley, British Columbia. Canada Gold Mining Canada Silver Mining Gold Concentrator
Running Fox 50% owned Brett Gold Project, located in the Okanagan in Southwest BC. Work next season should include confirmatory drilling to follow-up on previous drillhole # RC93-19, which returned a significant intersection of 16.76 metres grading 35.79 grams Au/tonne (approx 50 feet of 1.045 oz Au/ton) including 3.048 metres grading 57.88 grams Au/tonne (1.69 oz Au/ton) and 4.57 metres grading 107.88 grams Au/tonne (3.15 oz Au/ton) within the main shear zone. (see 43-101 Technical and Brett Gold Assessment Reports located under the "Brett Property" tab. Complete maps, geochem, and drilling history are available for review/download on this website.
The project has significant early stage block calculations on a small portion of one shear zone-- and there are approx. 18 shear/fault zones, running under undrilled geochem zones with good gold values over large areas, see geochem in Assessment Report. One drill intercept in 2004 was a 4.3 foot intercept that assayed 5.1 ounces gold. With gold prices rising, the high-grade Brett Gold Project offers significant upside. Industry veterans will be taking notice of the property as the high-grade gold project consolidation in the industry continues. The Brett Gold Project now covers approx. 20 square kilometers
Research and Review the Brett Gold Project Assessment Report located under the "Brett Property" tab, and view the brief 3D movie of diamond drillholes.
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