Firstgold Corp. (OTCBB: FGOC) announced today that it has hired mining veteran Stephen Tibbals to be the mine manager of Firstgold Corp.'s mine at Relief Canyon, Nevada.
Scott Dockter, Firstgold Corp. Chairman and CEO, commented, "We are extremely fortunate in this competitive market for experienced mining professionals to get a proven industry veteran like Stephan Tibbals to join the Firstgold Corp. team. Stephen is very experienced in running open pit heap leach mines like our Relief Canyon mine. He has been the mine manager or senior staff for companies like Placer Management Group, Getchell Gold, Gold King Nevada, & Western State Minerals in his 20 year plus career.
"Stephen knows Nevada open pit mining. We believe he will be instrumental in our launching and expanding our Relief Canyon open pit mine," commented Dockter. "This is another step in our focused plan to put Relief Canyon Mine back in production. Historically the mine has produced over 141,000 ounces of gold and we are awaiting regulatory approval to put the mine back in production. Our expectations are that we will begin production in mid 2007. The plant will have an initial capacity of 100,000 ounces annually."
Additional information about Firstgold Corp. can be found by visiting its web site at www.firstgoldcorp.com.
Safe Harbor Statement
The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended that involve risks and uncertainties. Although Firstgold Corp. believes that the expectations reflected in such forward-looking statements are reasonable; the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Firstgold Corp. cautions investors that any forward-looking statements made by Firstgold Corp. are not guarantees of future performance and those actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those reflected in forward-looking statements include, but are not limited to, risks and uncertainties regarding the actual mineralization of Firstgold Corp.'s mining properties, the unproven nature of and potential changes to Firstgold Corp.'s business model, the risk that the capital and other resources that Firstgold Corp will need to exploit its business model will not be available, and the risks discussed in Firstgold Corp's Form 10-KSB and in Firstgold Corp.'s 10-QSBs and in Firstgold Corp.'s other filings with the Securities and Exchange Commission.
