Mots clés associés :
Zinc |
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Re: News Release - Thursday, February 05, 2009
Firestone Ventures Reviews 2008 and Begins 2009 Field Season
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Feb. 5, 2009 - Firestone Ventures Inc. (FV:TSX-V; F5V:FSE) is pleased
to provide a brief review of the Company's activities in 2008 and to
outline what Firestone is planning for the first half of 2009.
Firestone made solid progress through 2008 in completing a third drill
campaign for a total of 8,500 m drilled, releasing a NI 43-101
compliant resource estimate for the Torlon Hill zinc-lead-silver
project, completing initial metallurgical testing and acquiring
additional mineral properties prospective for zinc and lead. A key
development in 2008 was the spin-out of Firestone's Canadian assets
into Northern Tiger Resources Inc. This transaction substantially
reduced Firestone's operating expenses and share dilution.
Lori Walton, President of Firestone Ventures, reports that the Torlon
Hill field program for first half 2009 is designed to accommodate the
current economic markets. "It allows us to move forward on low-cost
key components of the overall program with most of the work being done
by our in-house highly qualified personnel." says Walton. "In
addition, we conducted data compilation and re-interpretation of
historic data on our new properties in anticipation of field visits in
February."
Surface exploration at Torlon Hill will involve mapping, prospecting,
soil sampling and environmental baseline studies of the Torlon Hill
area combined with aerial photography and production of digital
topographical and orthophoto maps. Firestone is planning further
metallurgical testwork to determine the optimal processing method for
Torlon ore. The Company is also continuing its collaborative work
with local communities on socio-economic initiatives, maintaining
existing access roads and stream crossings and the coordination of
local supplies and services. The 100% owned Torlon Hill
zinc-lead-silver deposit is road-accessible and open to expansion.
A field crew has been mobilized to conduct initial property evaluations
on Firestone's new mineral properties (see December 8, 2008 news
release). Most of the new holdings are located in the Cuchumatanes and
Coban lead-zinc-silver mining districts and include the Caquipec
carbonate hosted zinc-lead past producer. Caquipec has produced an
unknown amount of zinc and lead from extensive underground workings
since 1900. Very little modern exploration has taken place in these
districts despite the historic mining of zinc occurrences on surface.
This news release has been reviewed and approved by John Cleary, CPG,
Vice President of Exploration and Qualified Person for the Company, as
defined by NI 43-101.
Lori Walton, P. Geol., President
info@firestoneventures.com
Toll Free: 1-888-221-5588
www.firestoneventures.com
Fax: (780) 428-3476
Trading Symbol: FV:TSX-V;F5V: FSE
For Investor Relations please call: Contact Financial Inc. at (604)
689-7422
This news release may contain forward looking statements, being
statements which are not historical facts, including, without
limitation, statements regarding potential mineralization, exploration
results, resource or reserve estimates, anticipated production or
results, sales, revenues, costs, "best-efforts" financings or
discussions of future plans and objectives. There can be no assurance
that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are
subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated
or projected. Important factors that could cause actual results to
differ materially from the Company's expectations are in Company
documents filed from time to time with the TSX Venture Exchange and
provincial securities regulators, most of which are available at
www.sedar.com. The Company disclaims any intention or obligation to
revise or update such statements. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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Copyright (c) 2009 FIRESTONE VENTURES INC. (FV) All rights reserved.
For more information visit our website at
http://www.firestoneventures.com/ or send
mailto:returns@firestoneventures.com
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : FV.V |
ISIN : CA3183182011 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Firestone Ventures est une société d’exploration minière d'argent et de plomb basée au Canada. Firestone Ventures détient divers projets d'exploration au Guatemala. Ses principaux projets en exploration sont ANTELOPE PROJECT en USA et QUETZAL et TORLON HILL au Guatemala. Firestone Ventures est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 7,8 millions (6,3 millions US$, 5,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 28 février 1997 à 9,90 , et son plus bas niveau récent le 01 janvier 2016 à 0,01 . Firestone Ventures possède 47 442 200 actions en circulation. |