First Gold Update on Exploration Programs
Posted on: Thursday, 20 December 2007, 12:00 CST
First Gold Exploration Inc. (TSX VENTURE: EFG) ("First Gold") is pleased to announce that it has now completed its 2007 drill programs on the Croinor project and the Lac Bug project, both joint-ventures with X-Ore Resources Inc. (TSX VENTURE: XOR). Some assays are not available yet and results will be all released when available in the next few weeks. Sufficient work was completed on both projects to meet the 2007 work requirements for JV's purposes. In all likelihood, First Gold will carry a phase II to its programs in 2008.
Looking at other projects under option from Normabec Mining Resources Ltd (TSX VENTURE: NMB) in the Abitibi region, First Gold has now completed surface sampling and target delineation for a proposed drill program on the Matchi-Manitou copper-zinc-silver project. It is expected that the targets will be drilled in 2008. No work has been completed on the Wathish nickel project but exploration will begin in 2008 as originally planned. The company has also decided to drop its option on the Noyell project.
In Nevada, the due diligence is progressing on the proposed option agreement with Bonaventure Enterprises on the Cottonwood gold project and it is expected that a final agreement will be signed in January 2008 and field work should then begin immediately including some diamond drilling.
First Gold has completed 12,922 meters of diamond drilling in its first year of existence being consistent with its strategy to explore projects that are at the drill stage of their development. The objective for 2008 is to drill on at least three separate projects again.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: First Gold Exploration Inc. Pierre Forget President and chief executive officer 514-234-6488 info@firstgoldexploration.comwww.firstgoldexploration.com Relations publiques Paradox Eric Leboeuf 514-341-0408 ericleboeuf@paradox-pr.ca
SOURCE: First Gold Exploration Inc.
Source: MARKET WIRE
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