Firstgold Corp. updates Pit area drilling

Firstgold Corp. has announced the updated drill results from its ongoing drilling in and around the pit areas at Relief Canyon.

CEO Steve Akerfeldt commented saying that drilling is ongoing at Relief Canyon as we continue mapping mineralization and providing information to SRK for our resource study.

The Relief Canyon 2008 Drilling Program has two phases:

Phase 1 includes a total of 120 holes in the existing pit area. In the past 12 months, Firstgold Corp. has drilled a total of 93 holes in the pit area of Relief Canyon in an effort to bring the historic drill data into a NI 43-101 compliant category.

Of these 93 holes, 68 have been noted by the company to be ‘of interest’ due to their assayed gold content and value in the overall exploration program.

Drill testing of the area between the North and South Pits at Relief Canyon (referred to as the “between-the-pits area”) began in 2008. To date, final assay results have been received for 8 of the 14 holes completed in this area.

In addition to the ongoing drilling in the pit area, Phase 2 of Firstgold Relief Canyon Drilling Program is designed to explore the potential in the North Target, approximately 1000 ft north of the existing pits, where the historic reverse circulation drill hole 97-23 showed more than 770 ft of mineralization.

Results from Phase 2 drilling are pending. The Company is currently waiting on more than 600 assay results from third party labs. Both diamond and reverse circulation drilling are scheduled to continue in the area in an effort to define the trend and extent of the mineralization.

The aforementioned assay results denote a grade of mineralization that is conceptual in nature, and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.