Firebird Resources Inc.

Firebird Resources Inc.

September 07, 2011 08:55 ET

Firebird Resources Inc. Drills 36.1 Meters of 6.53 g/t Gold in Second Hole on Buzzard Project, South Carolina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2011) - Firebird Resources Inc. (TSX VENTURE:FIX) is pleased to announce drill results from the second hole of its continuing drill program at its Buzzard project, South Carolina. Hole FRDDBZ-103 was drilled to a depth of 207.9 meters to confirm and extend the historic drill results.

FRDDBZ-103 From (m ) To (m ) Interval (m ) Interval (feet ) Grade
(grams/ton Gold
) Grade
(OPT Gold
0 13.7 13.7 45 0.478 0.02
29 38.1 9.1 30 0.802 0.03
51.8 54.9 3.1 10 2.656 0.09
67.1 115.9 48.8 160.3 1.511 0.05
Including 70 73.1 3.1 10 12.77 0.41
120.9 157 36.1 118.2 6.533 0.21
Including 122.2 143.3 21.1 69 10.232 0.33
Hole TD 204.2 207.9 3.7 12 0.495 0.02
cutoff 0.1 ppm Au
OPT = ounces per short ton

The interval from 67.1 to 115.9 meters is composed of a sheared, silicified felsic volcaniclastic unit (breccia) with disseminated pyrite and pyrrhotite and crosscutting thin quartz veinlets and potassic and sericitic alteration.

Mineralization in the interval from 122.2 to 143.3 meters is associated with a coarse-grained hydrothermal breccia with visible molybdenite and other disseminated "sooty" sulfides in a silica matrix with potassic alteration of feldspars. Within the mineralized interval, there also an intensely altered heterolithic breccia that is cross-cut by calcite veins and silica plus disseminated "sooty" sulfide veins.

These mineralized zones are separated by an unmineralized Paleozoic mafic dike. The mineralized zones are identical to those high grade zones encountered in historic drilling and logged by the Qualified Person of this release.

A complete table of results, including a more comprehensive location map and collar map can be found on the company's website,

Currently, three holes have been completed on the Buzzard project and the third hole has been sent to the laboratory. The drill rig has moved to the Jefferson project for a 3 to 4 hole drill program. The drill will then return to Buzzard for another phase of drilling that is being planned.

The second rig is now drilling the first hole at the Belk Project.

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.

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. 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 will be completed by ALS Chemex in Reno, Nevada.

We seek Safe Harbor.

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 labour, 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 the 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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