Firstgold Completes Initial Drilling at Honorine Gold Property

Firstgold Corp. announced that exploration of its Honorine Gold Property is fully underway. The company has completed its initial sampling and 6 drill holes on the project. Drill results are pending from the first round of drilling, though they are expected only to provide basic geologic information and direction for future drill work.

Scott Dockter, Firstgold COO, commented, “We are optimistic about the potential of this property. We have commissioned an aeromagnetic survey to help us evaluate additional drilling targets which we plan on pursuing later this fall.” The Honorine Gold Exploration Property was recently expanded to a total size of 3,857 acres (an increase of 639 acres) and is located in proximity to the Antler Hinterland Trough and Midas Trend, approximately 150 miles Northeast of Reno, NV.

Additionally, Firstgold announced that it has decided to not extend the lease at the 25,000 acre Antelope Peak exploration project. After extensive surveying and geologic mapping, the company has determined that the land package does not fit the geologic profile it is pursuing at this time.

Firstgold Corp’s flagship property is the Relief Canyon mine has completed its permitting for production in the state of Nevada and the company is working to bring the mine into full operation by this fall. Relief Canyon is 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.