NEWS - Firstgold Corp. Completes Drilling on Heaps, Results Pending
posted on
May 30, 2007 11:34AM
In Chapter 7 BK
CAMERON PARK, CA, May 30, 2007 (MARKET WIRE via COMTEX News Network) --
Firstgold Corp. (OTCBB: FGOC) announced today that it has completed its current round of drilling at the Relief Canyon Mine. Consisting of over 58 drill holes, and using sonic drilling, Firstgold Corp. has sought to improve its understanding of the gold content in the existing heap leach pads.
When asked why this was necessary, Pres/CEO Scott Dockter explained, "We had prior samples and historic data indicating that a notable quantity of gold bearing material existed on these pads. This round of drilling enables us to model and plan the economics of extracting this material." Mr. Dockter added, "Our lab is literally working 24 hours a day to analyze and process the samples taken from the heaps. This is a necessary step in targeting zones as we move toward our ultimate goal of production."
Additionally, Firstgold Corp. has recently added several members to its mining team at Relief Canyon. These include Senior Geologist, Mark Nyman, Lead Driller Steve Loughry, and Plant Metallurgist Paul Donahue.
Mr. Nyman has an extensive geology background including 27 years of experience throughout North America, Africa, and Europe. As Senior Geologist for the company, he will play a primary role in planning drill programs, dealing with government agencies, and tracking exploration progress in all of Firstgold Corp.'s projects.
Lead driller, Stephen Loughry has 27 years of drilling experience, including and is a certified MSHA drilling instructor. His range of experience is incredibly varied, and includes certifications as an MSHA drill instructor, hazardous material drilling, and offshore drilling and sub-sea blowout preventers. In addition, he is trained in CPR, and first aid, making a very proficient, talented, and valuable addition to the Firstgold Corp. team.
Paul Donahue, the new Plant Metallurgist has 8 years industry experience, including his work with Barrick-Goldstrike where he held engineering and supervisory positions in the mill, autoclave and the metallurgical lab. He has a B.S. in Metallurgy from the Mackay School of Mines, and will serve as the head of Firstgold Corp.'s in-house metallurgical and assay laboratory.
Scott Dockter stated, "These men are a substantial boost to Firstgold Corp.'s ability to discover and define ore with our projects. We believe that their talent and abilities will enhance the overall value of the company." With 40,000 acres in Nevada Firstgold has promising exploration and near term production targets in Antelope Peak - Wells, and in Relief Canyon. Additional information about Firstgold Corp. can be found by visiting its web site at www.firstgoldcorp.com.
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ontact Information: Scott Dockter President/CEO (530) 677-5974 info@firstgoldcorp.com IR Company Baystreet Capital 416-915-3107 info@baystreetcap.com SOURCE: Firstgold, Inc.