Firstgold Corp. Pours Gold From the Relief Canyon Mine
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CAMERON PARK, CA, Mar 30 (MARKET WIRE) --
Firstgold Corp. (TSX: FGD) (OTCBB: FGOC) announced today that it has
poured the first gold dore from its Relief Canyon gold mine.
"We received notice today that the carbon from the Relief Canyon mine has
been processed, and a dore bar containing 13.62 ounces of gold and 42
ounces of silver has been poured. While the quantity is not indicative of
regular run rates, achieving this milestone officially makes Firstgold a
gold producing company with a revenue source. Now it is only a matter of
time for the grades to build and production to reach its full capacity at
Relief Canyon," commented Company Founder/COO Scott Dockter.
"Over the next year, I believe you will see remarkable progress in
Firstgold Corp.," stated Steve Akerfeldt, Firstgold CEO.
In addition to the announcement of the first gold/silver dore pour,
Firstgold announces that Ed Baer will not become a board member as
previously announced. Upon further discussion between the parties,
potential conflicts were identified that make this appointment
inadvisable. The Board wishes to thank Mr. Baer for considering the
appointment.
Over the last 24 months Firstgold has spent $16 million developing a
processing facility at Relief Canyon, located outside Lovelock Nevada, on
the site of the previously producing Pegasus Gold Mine. Firstgold
currently leases over 10,000 acres of prime exploration property in
Nevada. Additional information about Firstgold Corp. can be found by
visiting its web site at www.firstgoldcorp.com.
Safe Harbor Statement
The matters discussed in this release contain forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and Section 27A of the Securities Act of 1933, as amended that
involve risks and uncertainties. Although Firstgold Corp. believes that
the expectations reflected in such forward-looking statements are
reasonable, the forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ from those
projected. Firstgold Corp. cautions investors that any forward-looking
statements made by Firstgold Corp. are not guarantees of future
performance and that actual results may differ materially from those in
the forward-looking statements. Factors that could cause actual results
to differ materially from those reflected in forward-looking statements
include, but are not limited to, risks and uncertainties regarding the
actual mineralization of Firstgold Corp.'s mining properties, the
unproven nature of and potential changes to Firstgold Corp.'s business
model, the risk that the capital and other resources that Firstgold Corp.
will need to exploit its business model will not be available, and the
risks discussed in Firstgold Corp.'s Form 10-KSB and in Firstgold Corp.'s
10-QSBs and in Firstgold Corp.'s other filings with the Securities and
Exchange Commission.
Cautionary Note to U.S. Investors -The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. We use certain terms on this
website (or press releases), such as "measured," "indicated," and
"inferred" "resources," which the SEC guidelines strictly prohibit U.S.
registered companies from including in their filings with the SEC. U.S.
Investors are urged to consider closely the disclosure in our Form 10-k
which may be secured from the SEC, or from their website at
http://www.sec.gov/edgar.html
Contact:
Scott Dockter
Website: www.FirstgoldCorp.com
Email: info@firstgoldcorp.com
Phone: (888) 904-6531
Copyright 2009, Market Wire, All rights reserved.
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