April 11 ,
2007
Firstgold Corp’s Relief Canyon Mine
Receives Operating Permits
Cameron Park, California, April 11, 2007 -
Firstgold Corp. (OTCBB: FGOC) announced today that its Plan of Operations has
been reinstated by the Nevada Division of Environmental Protection (NDEP). A Plan of Operations is the key document
that outlines the detailed process, strategy, and resources that a company will
utilize in mine operations. With
the approval of the Plan of Operations in place, Firstgold Corp. is now
permitted to proceed at Relief Canyon with major construction, and drilling
immediately, and operations and production, subject to final determination and
posting of reclamation bonds.
Company President/CEO Scott Dockter stated, “We
have been working hard to achieve this goal for several years and I am elated to
move on to the active exploration and production phase of this project. Many
people don’t recognize how difficult, expensive and time consuming it is to get
permission to put a mine into production. Our estimate is after your drilling
shows economic merit to develop a mine that you are looking at a 6-8 year
process before you can actually produce from your discovery. The next step for
Firstgold Corp is to secure necessary financing to execute our plans.”
Firstgold currently leases over 40,000 acres of
mineral exploration and production properties in Nevada. It is actively moving
towards placing its Relief Canyon mine into production. 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 those 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.
Contact Information: info@firstgoldcorp.com
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Firstgold Corp.
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PRODUCTEUR |
CODE : FGD.TO |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Firstgold est une société développant des projet miniers d'or basée aux Etats-Unis D'Amerique. Firstgold détient divers projets d'exploration en USA. Son principal projet en production est RELIEF CANYON MINE en USA et ses principaux projets en exploration sont HORSE CREEK et ANTELOPE PEAK en USA. Firstgold est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 3,7 millions CA$ (3,6 millions US$, 2,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 30 mai 2008 à 0,84 CA$, et son plus bas niveau récent le 28 janvier 2010 à 0,02 CA$. Firstgold possède 184 180 000 actions en circulation. |