Firstgold Corp. Information

Firstgold Corp. is currently focusing its drilling and exploration activities in the existing pits. This drill program includes several drill holes that are 100-500 feet in length and is designed to identify gold grades, grade widths, and alteration types between the preexisting drill holes. These drill results are being added to the historic drill hole database to help Firstgold Corp. develop a mining plan and for the Relief Canyon Gold Mine Project. From 1986 to 1989, more than 220,000 ounces of gold were taken out of the open pits on the Relief Canyon property by a previous operator. The mining operations then ceased because of the falling price of gold. Highlights of the current round of drilling include drill hole RCM06, in which we see significant correlation between historic data and current data. RCM06 intercepted 105 feet of mineralization with an average grade of 0.025 tr oz/st of gold. The nearest older hole, LRC-019, also had a total of 105 feet with an average grade of 0.022 tr oz/st of gold. In many instances, there is reasonable correlation between the grades of historic data and current data.