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Last C$0.02 CAD
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As of 2:15 PM 08/20/15 All times are local (Market data is delayed by at least 15 minutes).

firesteel resources inc (FTR) Snapshot

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05/13/15 - C$0.08
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firesteel resources inc (FTR) Details

Firesteel Resources Inc., a development stage company, engages in the acquisition and exploration of precious and base metal properties in Canada, the United States, and South America. The company primarily explores for copper, silver, and gold properties. It has interests in the ROK-Coyote property comprising 18 mineral claim licenses located in the Liard Mining Division of northwestern British Columbia; the Copper Creek property comprising 19 mineral claim licenses located in the Atlin Mining Division of northwestern British Columbia; and the Poker property covering 3 mineral claim licenses located in the Liard Mining Division of northwestern British Columbia. Firesteel Resources Inc. is headquartered in Vancouver, Canada.

firesteel resources inc (FTR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

firesteel resources inc (FTR) Key Developments

Firesteel Resources Inc. Auditor Raises 'Going Concern' Doubt

Firesteel Resources Inc. filed its Annual on May 29, 2015 for the period ending Jan 31, 2015. In this report its auditor, John J. Geib, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Firesteel Resources Inc. Announces Dismissal of Brett Resources Inc. Lawsuit

Firesteel Resources Inc. announced that the company has reached an agreement with Brett Resources Inc. for dismissal of the lawsuit initiated by Brett in the supreme court of British Columbia on February 1, 2010. The statement of claim for the court action was launched with respect to a letter of intent entered into with Brett for the grant of an option on the ROK-Coyote mineral property. The terms of the settlement agreement consist of the following principal points: Firesteel will reimburse Brett approximately $119,000 for an exploration work program conducted by Brett on the ROK Property, plus additional legal costs for dismissal of the lawsuit; Brett will provide Firesteel with details of the exploration program undertaken and the technical assessment report explaining the results of this program; and Brett will make the necessary application to the Court dismissing the lawsuit.

Firesteel Resources Inc. Reports Final Drill Hole Results from Prosper Gold Corp.'s 2014 Drill Program on the Star Porphyry Copper Gold Project in Northwestern British Columbia

Firesteel Resources Inc. reported final drill hole results from Prosper Gold Corp.'s 2014 drill program on the Star Porphyry Copper Gold Project in northwestern British Columbia. 20 drill holes were completed on the Star Porphyry Copper Gold Discovery in 2014, an aggregate of 13,470 meters has been drilled from 2013 - 14 inclusive of historical drilling from 2004-7. Grade is increasing in the core area of the discovery and with mineralization remaining open to extension laterally and to depth Prosper is recommending a grid drilling program for the project in 2015. Prosper Gold has applied a rigorous quality assurance/quality control program at the Star Project using best industry practice. The core is logged; spot XRF measurements are made directly on the core at 33 cm intervals and magnetic susceptibility measured at 10 cm intervals. Drill core is sawn in half lengthwise at the property and for each two metre interval half of the core is placed in plastic bags and sealed. The remaining half core is retained in core boxes stored at the project. The program includes chain of custody of samples from drill to laboratory. A standard sample, a blank sample, or a duplicate sample is inserted into the sample stream every tenth sample. Two certified ore assay laboratory standards used in the process were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, BC. In total, 25 quality control samples (about 11% of 216 samples) were analyzed. No significant QA/QC issues are seen in the results. Every 20th sample is sent from the ALS Minerals to ACME labs of Vancouver for reanalysis as an independent check on the work. Samples, including those for quality control, are shipped to ALS Minerals' preparation lab in Whitehorse, Yukon. Samples were analyzed at ALS's ISO 9001:2008 certified North Vancouver laboratory for gold by fire assay and ICP-AES finish, and for 48 elements including copper, molybdenum and silver by ICP-MS using four acid digestion. 1 shallow hole at Star East and 3 holes Pyrrhotite Creek were drilled with no significant results. More analysis is required to understand the historical and observed mineralization at these targets prior to future drilling. The Sheslay property is underlain by volcanic and sedimentary rocks of the Upper Triassic, Stuhini Group which are intruded by a small quartz monzodiorite stock. This is a similar geologic setting to other Stikine Arch copper gold deposits including Imperial Metals Red Chris Deposit with a 2010 Measured and Indicated Resource of 619 million tonnes grading 0.38% Cu and 0.36g/t Au.


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