VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/09/12 — Firebird Resources Inc. (TSX VENTURE: FIX) is pleased to announce that results have been received from four core holes totalling 718 meters completed at the Belk Project in Lancaster County, South Carolina in the Fall of 2011. Analysis of the drill core supports a structural control to mineralization with gold associated with steeply dipping structures. Gold mineralization is commonly present in the apparent total absence of veins or fracture coatings and may be associated with higher pyrite content, although there is not an overall correlation between pyrite and mineralization. There are some thin quartz veins, in some mineralized intervals and where present these contain sulfides. These quartz veins appear to be related to the gold mineralization. Other thin quartz veinlets at depth are not typically mineralized, but contain anomalous As, Mo, Pb, Ag, and Sb. It is unlikely that the mineralization is confined to a very narrow, near surface, zone because gold is present over a broad area as indicated by drill and soil sample results.
Sericitic and, locally, K-feldspar alteration is associated with gold and also appears to be related to structural deformation of primary lithologies. The primary lithologies are poorly sorted breccias, various volcaniclastic rocks, feldspar porphyries, and younger mafic dikes. Pervasive alteration prevents correlation of rock units from hole to hole. Quartz veining and mineralization also do not correlate well between holes. We now think the historic drilling was orientated sub-parallel to the trend of mineralization and a core program of two scissor holes is planned to evaluate the validity of this hypothesis.
Results are presented in the following tables.
Intersections have been measured along the holes and are not the true widths of mineralisation.
Hole information is as follows:
Firebird considers the results very positive and intends to resume drilling in 2012. This drilling will be used to test geologic models on ore control and to define a resource compliant to current industry standards. Recently acquired historic drill data is currently being compiled and select samples re-assayed. Management considers Belk a project with excellent potential to develop a significant gold resource.
To view the BELK PROJECT – 2011 Drill holes, please visit the following link: .
QA/QC Sampling and Analytical Protocols
The sampling and assaying of the drill core included QA/QC protocols to monitor for potential contamination, precision and accuracy of results including the regular submission of blank samples and certified reference standards. Samples were assayed using a 30 g fusion with AAS finish by AHK Geochem located in Fairbanks Alaska, a member of the AHK Group, an ISO 17025:2005 accredited geochemical laboratory, now part of Acme Laboratory. Sample preparation was completed in their facility located in Spartanburg, South Carolina. Samples exceeding 3 ppm gold are re-assayed with gravimetric finish and those checks support the results presented above. Check analyses on rejects are being completed by ALS Chemex in Reno, Nevada.
We seek Safe Harbor.
The technical information in this release was prepared and approved by Dennis J. LaPoint, a Registered Member of SME, who is a Qualified Person under National Instrument 43-101.
About Firebird
Firebird is a mineral exploration company whose long term objective is to build a diversified company focused on the acquisition, exploration and development of mineral properties.
Forward-looking Statements
This news release contains certain forward-looking statements that reflect the current views and/or expectations of management with respect to performance, business and future events, including but not limited to express or implied statements and assumptions regarding the Company-s intention to exercise the option referred to herein and the receipt of necessary regulatory approvals. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the Company will choose not exercise the option and those risks relating to changes in the market, potential downturns in economic conditions, fluctuations in the price and supply of raw materials, equipment and skilled labor, fluctuations in the market price of minerals, foreign exchange fluctuations, regulatory requirements and changes thereto, competition, and other risk factors listed from time to time in the Company-s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Firebird Resources Inc. John F. Cook Chief Executive Officer 416-637-3523
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