🕐01.03.12 - 17:54 Uhr

FIREBIRD RESOURCES INC.: POSITIVE RESULTS FROM FIRST PHASE OF CORE DRILLING AT J
EFFERSON PROJECT, SOUTH CAROLINA FOR NEAR-SURFACE GOLD MINERALIZATION



Cant read this email? View it online

Add to your address book or safe list to ensure email delivery


 


March 01, 2012

Firebird Resources Inc.: Positive Results From First Phase of Core Drilling at Jefferson Project, South Carolina for Near-Surface Gold Mineralization

VANCOUVER, BC - Firebird Resources Inc. (TSX-V:FIX) is pleased to announce that results have been received from four core holes completed on one drill section at the A Anomaly of the Jefferson Project in Chesterfield County, South Carolina in the fall of 2011.

These holes were drilled on a northwest-southeast fence approximately perpendicular to the trend of the mineralized zone.

Gold mineralization strongly correlates with altered and sheared rocks contained within a lithologic sequence of felsic volcanic and epiclastic rocks similar to those found at the historic Brewer Gold mine, located two kilometers to the southwest of the A Anomaly.

The shear zone cuts the bounding lithologies at a steep angle.

Firebirds Buzzard project is also located along this mineralized and structural trend.

Management believes this structural zone is a portion of the gold mineralized trend that links Firebirds Buzzard and Jefferson projects to the Haile-Brewer gold trend.

The correlation of gold with structural zones had not been recognized for its importance in prior exploration efforts.

The fence drilled at the A Anomaly shows the strong correlation with gold (see attached plan map and section).

Prior exploration focused on more classic epithermal mineralization, as encountered at Brewer.

The A Anomaly is open on strike and with depth as only a single fence was drilled.

The A Anomaly is only one target within the Jefferson project.

Prior exploration has been limited by a veneer of younger sands.

Core hole FRDDJF-103 was drilled within and approximately parallel to the shear zone.

Gold is associated with quartz veining and quartz-sericite-pyrite alteration of rhyolite and rhyolitic breccia.

The degree of shearing varies in intensity but is pervasive.

FRDDJF-102 is a vertical hole that twinned an historic core hole containing a high grade gold intercept.

Hole FRDDJF-101 was drilled to the south and cuts more perpendicular to foliation, and therefore may represent a more true thickness of this zone of mineralization.

Hole FRDDJF-100 had weaker shear fabric and alteration, and thus mineralization is less pronounced than in adjacent holes.

Shear zones can be complex and additional zones of shearing may be encountered along other changes in lithologies with deeper drilling and further drilling along this section.

Lithologies correlate well between these four holes.

There is field evidence for the presence of additional shear zones in the project as well as at least 4 targets to be drill tested.

Assay results are as follows using a 0.1 gram/t cutoff and up to 5 meters of internal dilution.

FRDDJF-103 From (m) To (m) Interval (m) Interval (ft) g/MT Oz/ST

25.9 190.2 164.3 539.0 1.27 0.037
Including 80.8 85.3 4.6 15.0 8.57 0.250
And 90.5 93.5 3.0 9.8 3.84 0.112
And 105.2 106.4 1.2 4.1 3.20 0.093
And 153.0 153.9 0.9 3.0 19.36 0.565


FRDDJF-102 From (m) To (m) Interval (m) Interval (ft) g/MT Oz/ST

7.6 13.7 6.1 20.0 0.12 0.004

19.5 21.0 1.5 5.0 0.37 0.011

53.2 57.9 4.7 15.3 0.78 0.023

63.4 134.1 70.7 232.0 0.88 0.026
Including 68.8 70.5 1.7 5.3 7.60 0.222
and 106.7 122.1 15.5 50.7 1.64 0.048


FRDDJF-101 From (m) To (m) Interval (m) Interval (ft) g/MT Oz/ST

17.3 17.7 0.3 1.1 0.16 0.005

28.1 28.5 0.4 1.2 0.13 0.004

48.8 50.1 1.3 4.4 0.12 0.003

66.1 69.6 3.6 11.7 0.29 0.008

78.0 113.1 35.0 114.9 1.12 0.033
Including 78.0 86.8 8.7 28.7 1.49 0.043


FRDDJF-100 From (m) To (m) Interval (m) Interval (ft) g/MT Oz/ST

21.3 25.9 4.6 15.0 0.12 0.004

30.7 32.3 1.6 5.2 0.10 0.003

97.2 99.4 2.1 7.0 0.17 0.005

109.4 150.0 40.5 133.0 0.55 0.016

Hole information is as follows:

Hole Northing Easting Depth in ft Depth in m Azimuth Angle
FRDDJF-100




Products & Services | Jobs