Firstgold Corp. originally was incorporated under the laws of Nevada. In 1996 it entered the public market by it's acquisition and "reverse take over" of the publically trade company Warehouse Auto Centers. The surving corporate structure and assests were that of Firstgold Corp's, whereas the surviving legal entity was WAC. Firstgold Corp. was originally named "Newgold, Inc."
The name was officially changed from "Newgold, Inc". to "Firstgold Corp." on November 15, 2006. This was done to avoid investor confusion with our planned listing on the Toronto Stock Exchange where a company New Gold is listed. (New Gold is a copper gold exploration play in British Columbia)
Firstgold Corp.'s principal mining property is the Relief Canyon Mine. Relief Canyon is an open-pit, heap leaching operation located approximately 110 miles northeast of Reno, Nevada.
The mine is readily accessible by improved roads. Water for mining and processing of operations is provided by two wells located on the property in close proximity to the mine and processing facilities. Power is provided by a local rural electric association and phone lines are present at the mine site. Relief Canyon is located in the Humboldt Range, a mining district of Nevada.
Located on the property are, a building containing five carbon tanks and a boiler for carbon strip solution, four detoxified leach pads, a preg pond for gold bearing solution, a barren pond for solution from which gold had been removed, water rights, and various permits.
Background and History
The Relief Canyon gold deposit was discovered by Duval Corporation in 1981. The property has gone through a series of owners and operations since that time. In 2004, the property was acquired by Firstgold Corp.
Since then Firstgold Corp. has been actively working on reestablishing its environmental and mining permits at Relief Canyon. To date all federal and state permit obligations have been met, or exceeded. Recently the permit for drilling on the claim block has been received from the Bureau of Land Management.
Firstgold Corp is following up on previous drilling at Relief Canyon that had already defined a significant mineral resource that was open in three directions as well as new zones not recognized by the past operators.
In addition to Relief Canyon, Firstgold Corp. is exploring other properties for potential gold values.
The Antelope Peak Project is the newest addition to Firstgold Corp.'s portfolio of exploration projects. As a grass roots play - it's been in the same family for over 100 years and has never been explored - with 35,000 acres this property has the potential for substantial area play. Located near Wells Nevada the property is analogous to successful operating mines in the area run by Queenstake and recent discoveries by Auex and Agnico Eagle. Early round sampling indicates a number of anomalous factors and Firstgold Corp. is actively pursuing a more thorough exploration program.
Horse Creek
Lying northeast of their offices north of Winnemucca is Horse Creek, Firstgold’s newest exploration project. Firstgold has staked approximately 4000 acres (6.25 square miles) of unpatented mining claims here.
A number of surface samples have indicated that gold is present and as one geologist said “there is gold here, now we have to find out how much and whether or not it is an ore body”. Horse Creek exhibits characteristics of intrusion-related gold systems that feature a variety of vein styles and geologists speculate that they may have come upon a style of mineralization similar to deposits found in the Yukon Territory and Alaska.
Horse Creek is in the very early stages of exploration. Future plans include property–wide geologic mapping, rock chip geochemical sampling, detailed grid soil sampling and possibly ground or airborne geophysics, all geared towards delineating and drill testing targets, hopefully by next Spring.
In addition to Relief Canyon and Antelope Peak, Firstgold Corp. is actively pursuing interests in other properties as well.
Please contact us for more information.
