Firstgold Corp (fka FGOCQ)

[7Secret7Service7]

The most recent news (Yesterday)

This deserves more attention!!

Somethings going on with Steele & First Gold!

On January 11, 2008 we secured claims on approximately 2,300 acres of potentially mineralized ground near Fairview, Nevada referred to as the Fairview-Hunter property.We are conducting preliminary sampling of the area. During the course of the property evaluation, rock chip samples were collected. The next phase of this project will be to conduct extensive mapping of the area's bedrock geology. Additionally, we plan to conduct an airborne geophysical survey to map the magnetic character of the rocks. Geochemical exploration efforts will continue with more rock chip sampling as well as an in-depth soil sampling survey.

http://biz.yahoo.com/e/091222/fgoc.pk10-q.html

The Fairview Hunter Gold Exploration Property is comprised of 115 mineral claims totaling approximately 2,300 acres located 30 miles Southeast of Fallon, Nevada. It is situated 25 miles northeast of the Denton Rawhide mine which has produced in excess of 1.4 million ounces of gold and 11.7 million ounces of silver.



Steele Resources acquired the mineral lease rights in exchange for issuance of 500,000 shares of its restricted common stock and the prior lessee retained a 2% net production royalty which the Company can acquire upon payment of $1,000,000 per each 1% royalty amount. Upon satisfaction of various conditions, the closing is expected to occur on September 30, 2010.
http://finance.yahoo.com/news/Steele-Resources-Corporation-iw-2569116354.html?x=0&.v=1

It looks like they are acquiring off Firstgold ?
Firstgold Corp (FGOCQ) Stock Trading Info: