Firebird Resources Inc. Drills 38.67m of 4.19 g/t Gold on Buzzard Project, South Carolina; Adds Second Rig
August 23 2011 - 6:00AM
Marketwired
Firebird Resources Inc. (TSX VENTURE: FIX) is pleased to announce
initial drill results from its continuing drill program at its
Buzzard project, South Carolina. Drill results from the first hole
of a 2000 meter drilling program have been received. Hole
FRDDBZ-102 was drilled to a depth of 152 meters to confirm and
extend the historic drill results. Mineralization occurs within a
heterolithic breccia unit that is well mineralized in historic
drilling in nearby holes.
Significant results include:
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Interval Interval Grade Grade
FRDDBZ-102 From (m) To (m) (m) (feet) (grams/ton Gold) (OPT Gold)
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1.33 40.00 38.67 116.00 4.19 0.13
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including 3.67 15.00 11.33 34.00 11.31 0.36
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50.00 70.00 20 60.00 0.69 0.02
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75.00 80.00 5 15.00 0.35 0.01
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86.67 90.00 3.33 10.00 1.13 0.04
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cutoff 0.3 ppm Au
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OPT = ounces per short ton
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All intervals of mineralized intercepts are apparent thicknesses.
A complete table of results, including a more comprehensive
location map and collar map can be found on the company's website,
www.firebirdres.com.
Currently, three holes have been completed on the Buzzard
project and the second hole has been prepared and sent to the
laboratory while the third hole is being logged and prepared. The
drill rig has moved to the Jefferson project for a 3 to 4 hole
drill program. The drill will then return to Buzzard for another
phase of drilling that is currently being planned.
The contractor has notified Firebird that a second rig is now
available and that rig will be moved to the Belk project in South
Carolina the week of August 22.
The technical information in this release was prepared and
approved by Dennis J. LaPoint, a Registered Member of SME, who is a
Qualified Person under National Instrument 43-101.
QA/QC Sampling and Analytical Protocols
The sampling and assaying of the drill core included QA/QC
protocols to monitor for potential contamination, precision and
accuracy of results including the regular submission of blank
samples and certified reference standards. Samples were assayed
using a 30 g fusion with AAS finish by AHK Geochem located in
Fairbanks, Alaska, a member of the AHK Group, an ISO 17025:2005
accredited geochemical laboratory. Sample preparation was completed
in their facility located in Spartanburg, South Carolina. Samples
exceeding 3 ppm gold are re-assayed with gravimetric finish and
those checks support the results presented above. Check analyses on
rejects will be completed by ALS Chemex in Reno, Nevada.
We seek Safe Harbor.
About Firebird
Firebird is a mineral exploration company whose long term
objective is to build a diversified company focused on the
acquisition, exploration and development of mineral properties.
Forward-looking Statements
This news release contains certain forward-looking statements
that reflect the current views and/or expectations of management
with respect to performance, business and future events, including
but not limited to express or implied statements and assumptions
regarding the Company's intention to exercise the option referred
to herein and the receipt of necessary regulatory approvals.
Forward-looking statements are based on the then-current
expectations, beliefs, assumptions, estimates and forecasts about
the business and the industry and markets in which the Company
operates. Forward-looking statements are not guarantees of future
performance and involve risks, uncertainties and assumptions which
are difficult to predict. Investors are cautioned that all
forward-looking statements involve risks and uncertainties
including, without limitation, that the Company will choose not
exercise the option and those risks relating to changes in the
market, potential downturns in economic conditions, fluctuations in
the price and supply of raw materials, equipment and skilled
labour, fluctuations in the market price of minerals, foreign
exchange fluctuations, regulatory requirements and changes thereto,
competition, and other risk factors listed from time to time in the
Company's public filings. These risks, as well as others, could
cause actual results and events to vary significantly. Accordingly,
readers should not place undue reliance on forward-looking
statements and information, which are qualified in their entirety
by this cautionary statement. The Company does not undertake any
obligations to release publicly any revisions for updating any
voluntary forward-looking statements, except as required by
applicable securities law.
Neither the 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.
Contacts: Firebird Resources Inc. John F. Cook Chief Executive
Officer 416-637-3523 www.firebirdres.com
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