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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (20822)	6/4/2008 1:06:45 PM
From: LoneClone	Read Replies (1) \| Respond to of 194876

First Gold Is Pleased to Announce That it Has Signed an Agreement With Golder Associates to Produce an Initial Scoping Study on the Croinor Gold Proje Wed Jun 4, 9:04 AM ca.news.finance.yahoo.com MONTREAL, QUEBEC--(Marketwire - June 4, 2008) - First Gold Exploration Inc. (TSX VENTURE: EFG.V) (FRANKFURT:F12) and its partner X-Ore Resources (TSX VENTURE: XOR.V) have now completed several diamond drilling programs on the Croinor project located 75 km from Val d'Or in the Abitibi region and has decided to ratify an agreement with Golder Associates to: 1) See if any additional drilling is required after the current campaign that recently got under way is completed before going underground on the project; 2) Determine which portion of the mineral resource has the potential to be extracted taking into account the Zone 5 - deepest known zone to date - that is not currently included in the resource as it is still being tested with seven holes in it, in the next few months; 3) Find out which mining methods may be applicable and evaluate what rate of production may be feasible; 4) Provide an initial analysis of capital costs of a ramp system, main galleries, raises, etc. and a preliminary evaluation of operating costs. This report will not be a final report and will therefore not be compliant to NI 43-101 standards and should be finalized within twelve weeks of the completion of the current drill program. Mr. Francois Chabot who has much experience as a mine geologist will supervise the project for Golder Associates. For more information about First Gold Exploration: Agoracom IR Hub Home for First Gold: agoracom.com Profile for First Gold: agoracom.com Broker Fact Sheet: agoracom.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Contacts Eric Leboeuf First Gold Exploration Inc. President and Chief Executive Officer 514-234-6488