Firesteel Resources has commenced planning its Phase Two Mosher Lake 1997 Exploration Program, slated for midsummer. Confidence in the project is strongly supported by four fundamental geological features consistently found on the property. These are:


  • All three Mosher Lake drilling programs have consistently encountered strong ore-grade intersections greater than 3.0 g/t of gold exceeding widths of 1.5 metres, proving that the mineralized shear/vein zone contains substantial gold content.
  • The current Phase One 1997 Exploration Program successfully tested and extended the length of the mineralized zone from 240 metres to 1.2 kilometres. This newly extended strike zone remains open along length and at depth. Firesteel's wholly owned claims span twenty consecutive kilometres along this greenstone belt.
  • All three Mosher Lake drilling programs have continually traced an incredibly wide mineralized shear zone varying in thickness from 30 metres in the south to 100 metres in the north.
  • All three Mosher Lake drilling programs have confirmed that the best assays are concentrated in a "lower zone" near the contact with volcanic rocks. This gold-bearing setting is consistent with that hosting the adjacent multimillion ounce CON and GIANT Mines at Yellowknife.

The Phase Two 1997 Exploration Program will include:

  • Diamond drilling designed to further test the primary targeted Gold Island Zone's significant gold intersections and continue to expand the mineralized zone along strike and dip. The other significant target to be evaluated in the drilling program is the belt of volcanic rocks on the northern side of the Mosher Lake Fault, where drill hole M97-17 intersected a 100 metre thick mineralized shear/stockwork/vein zone. This zone is situated at the southern end of a one kilometre long magnetic anomaly within volcanic rocks. A number of other geophysical anomalies, including lengthy formational conductors/magnetic anomalies occur at the volcanic-sediment contact.
  • Soil/Rock geochemistry
  • Detailed geological mapping

To-date work at Mosher Lake confirms the gold potential of the Mosher Lake Greenstone Belt and supports the analogy between this belt and the prolific adjacent Yellowknife Greenstone Belt.


David G. Dupré, President


The Alberta Stock Exchange has neither approved nor disapproved the information contain herein.

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