Vancouver — Drilling by
The latest hole cut more than 52 metres (from surface) grading 0.8% copper and 0.73 gram gold per tonne, with the entire hole, 242 metres of core, averaging 0.44% copper and 0.32 gram gold.
The first four holes of a planned 7-hole drill program have outlined a mineralized zone measuring 200 by 200 metres with near-surface copper enrichment in a supergene blanket.
The holes were drilled vertrically about half-way through the enrichment blanket.
The drilling was designed to test the depth extent of the copper-gold mineralization at the DK (formerly Dick) prospect, where, earlier this year, chip sampling along a trench returned 0.37% copper and 0.23 gram gold over the entire 270 metres. A coincident copper-in-soil geochemical anomaly with gold values measures 500 by 500 metres.
Firesteel has 24.4 million shares outstanding and trades at 23.
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