/NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/
VANCOUVER,
Dec. 4, 2013 /CNW/ - Firesteel
Resources Inc. ("Firesteel" or the "Company") (TSX.V:FTR) is
pleased to announce that Mr. Ian
Fodie has been appointed Chief Financial Officer effectively
immediately. Mr. Fodie replaces Ms. Anna
Lentz, who has resigned to pursue other interests.
Mr. Fodie graduated from the University of
Otago, New Zealand, with a
Bachelor of Commerce degree and obtained his professional
designation from the New Zealand Institute of Chartered
Accountants, and has now resided in Canada for over 24 years. Most recently, Mr.
Fodie has acted as CFO of First Bauxite Corporation, CFO of Lithium
Americas Corp., President & CEO of Oriental Minerals Inc. (now
Woulfe Mining Corp.), and CFO of Longview Capital Partners Inc.
(now Resinco Capital Partners Inc.).
"Ian brings a wealth of international
accounting, financial, operations, and capital markets experience
to Firesteel," stated Michael
Hepworth, President and CEO. "On behalf of the board and
management of Firesteel, I would like to welcome Ian to the team. I
would also like to thank Anna for her many contributions to the
Company and wish her luck in her future endeavours."
About the Company
Firesteel is an exploration-stage junior mining company engaged
in the acquisition and exploration of prospective precious and base
metal properties in Canada and
stable jurisdictions around the world.
Firesteel currently has two highly prospective properties in
British Colombia.
The ROK Coyote property is currently under option to OZ
Exploration, a wholly owned subsidiary of OZ Minerals (ASX:OZE). OZ
Exploration has the right to acquire up to 80% of the property in
return for spending $13,000,000 in
exploration expenditures and payment of $1,500,000 in cash to Firesteel.
Highlights of the ROK Coyote property include:
- 6,900 Ha of highly prospective large tonnage targets with
known Cu-Au results
- Historical drilling highlights - 38.37 m @ 1.32% Cu, 1.54 g/t
Au
- Adjacent to Red Chris Mine
development with P&P Reserves of 302
Mt at 0.365 Cu and 0.27 g/t Au (a 28 year mine life at
30,000 tpd) Imperial Metals
The Sheslay property is currently under option to Prosper Gold. (TSX-V: PGX). Under the
terms of this agreement, Prosper has the right to acquire up to 80%
of the property in return for spending $5,000,000 on exploration and payment of
$1,000,000 in cash and 1,000,000
Prosper Gold shares to
Firesteel.
Highlights of the Sheslay property include:
- 6,700 Ha property hosts five significant Cu-Au targets within
close proximity with large tonnage, high grade potential.
- Historical drilling highlight - grading 242.3 m @ 0.44% Cu
& 0.32 g/t Au.
- Largest of the targets is 1,800 m by 750 m.
The Company's management and board of directors have extensive
experience in exploration, operations, business and corporate
finance.
The Company's objective is to enhance shareholder value as a
prospect generator by identifying and securing early-stage
exploration opportunities and developing them to more advanced
stages with the help of joint venture partners.
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Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
Advisory Regarding Forward Looking Statements
This news release contains forward-looking statements. Users
of forward-looking statements are cautioned that actual results may
vary from forward-looking statements contained herein.
Forward-looking statements include, but are not limited to:
expectations, opinions, forecasts, projections and other similar
statements concerning anticipated future events, conditions or
results that are not historical facts. In certain cases,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". While the Company has
based these forward-looking statements on its expectations about
future events as at the date those statements were prepared, the
statements are not a guarantee of the Company's future
performance. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, it cannot give any assurance that such expectations
will prove to be correct.
The Company's forward-looking statements are expressly
qualified in their entirety by this cautionary statement and are
made as of the date of this new release. Unless otherwise
required by applicable securities laws, the Company does not intend
nor does it undertake any obligation to update or review any
forward-looking statements to reflect subsequent information,
events, results or circumstances or otherwise.
SOURCE Firesteel Resources Inc.