🕐28.07.11 - 18:54 Uhr
FIRESTONE VENTURES COMMENCES DRILLING AT BLACK MOUNTAIN ZINC-LEAD-SILVER PROJECT, NEVADA
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News Release - Thursday, July 28, 2011
Firestone Ventures Commences Drilling at Black Mountain
Zinc-Lead-Silver Project, Nevada
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July 28, 2011 - Firestone Ventures Inc.
("Firestone" or the "Company")
(FV:TSX-V; F5V:FSE) is pleased to announce the start of the 2011
drilling program at the Companys Black Mountain zinc-lead-silver
property, located 29 km northeast of Wells, Nevada, U.S.A.
Firestone
Ventures has an option to earn 100% interest in the Black Mountain
project from Kinross Gold (see news release Nov.
29, 2010).
Black
Mountain has excellent road access and is in close proximity to power
and railroad lines.
"We are pleased to start drilling after weather delays due to
unseasonably late snow and wet road conditions," says Lori Walton,
President of Firestone Ventures Inc.
"The Black Mountain area has
never been drilled for zinc, despite numerous high-grade zinc showings
on surface.
This first drill campaign is designed to test several
compelling targets defined from results of our comprehensive 2010
surface exploration program."
The drill program at Black Mountain will consist of a minimum of 12
drill holes totalling 1,245 m targeting four areas (see news release
Nov.
30, 2010).
The drill holes are expected to range between 40 m to
over 300 m depth.
A map showing the zones is available at
www.firestoneventures.com.
In other news, Firestone is pleased to announce that it has finalized a
Cooperation Agreement with a local community "Cooperativa" ("TC") in
relation to the Companys exploration activities at its Torlon Hill
zinc-lead-silver deposit in Guatemala, Central America.
The
Cooperation Agreement builds upon the excellent working relationship
between Firestone and the local community and acknowledges the
important historical contribution that the TC has made to the economy
and social development of the region.
The Cooperation Agreement will
facilitate exploration in the Torlon Hill area in Guatemala and will
contribute to increased capacity building within the TC through the
formation of two committees: the Torlon Hill Environmental Committee
and the Torlon Hill Social Development Committee.
Firestone has issued
1,080,000 common shares to the TC at a deemed price of $0.0675 per
common share.
The shares are subject to a four month hold period.
Lori Walton, P.
Geol., President
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
www.firestoneventures.com
Trading Symbol: FV: TSX-V; F5V: FSE
This news release may contain forward looking statements, being
statements which are not historical facts, including, without
limitation, statements regarding potential mineralization, exploration
results, resource or reserve estimates, anticipated production or
results, sales, revenues, costs, "best-efforts" financings or
discussions of future plans and objectives.
There can be no assurance
that such statements will prove accurate.
Such statements are
necessarily based upon a number of estimates and assumptions that are
subject to numerous risks and uncertainties that could cause actual
results and future events to differ materially from those anticipated
or projected.
Important factors that could cause actual results to
differ materially from the Companys expectations are in Company
documents filed from time to time with the TSX Venture Exchange and
provincial securities regulators, most of which are available at
www.sedar.com.
The Company disclaims any intention or obligation to
revise or update such statements unless required by law.
Neither 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.
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Copyright (c) 2011 FIRESTONE VENTURES INC.
(FV) All rights reserved.
For more information visit our website at
http://www.firestoneventures.com/ or send
mailto:
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