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Gold/Mining/Energy : Firesteel Resources Inc. (ASE)
FTR 0.05900.0%Jun 1 5:00 PM EST

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To: Dave R. Webb who wrote (52)4/25/1997 4:11:00 PM
From: Jaime Purvis   of 97
 
Hello to all!

Here are some further results from Firesteel's drilling program at Mosher Lake. They come from the third fence, consisting of Drill Holes M97-7, M97-8 and M97-9. Each hole has a significant intersection.

M97-7 2.0 metres of 6.0g/t Au
M97-8 1.7 metres of 1.04 g/t Au
M97-9 1.2 metres of 4.78 g/t Au

The geological setting of this fence is similar to that of Fence #1 and Fence #2. The high grade gold values occur at the footwall of the shear zone near the contact with the volcanic unit.

Firesteel continues to be very encouraged by the results obtained so far. All of the assays should be available very soon and will be released in a final wrap up press release within the next two weeks.

These markets are depressing, but we'll keep working away.

Jaime
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