Firesteel identifies additional drill targets on Copper Creek

Trading Symbol: FTR- TSX: V

VANCOUVER, Sept. 19, 2011 /CNW/ - Firesteel Resources Inc. (TSXV:FTR) ("Firesteel" or the "Company") today announced the results of its recently completed exploration, data compilation and database-creation projects (together the "Projects") on its flagship Copper Creek property (the "Property").

The project manager, UTM Exploration Services Ltd. of Smithers, B.C. ("UTM"), executed the Projects and prepared both an assessment report (filed with the BC Ministry of Energy and Mines) and a data compilation report.

The Property is located approximately 50 kilometers northwest of Telegraph Creek, B.C. and consists of 19 claims in a block covering approximately 6,800 contiguous hectares and containing five alkalic, porphyry copper-gold targets in the resource-rich Stikine Arch area of northwestern British Columbia.

The 2011 Exploration Project consisted of follow-up work on historic drill hole locations and a continuation of sampling and backpack drilling work begun by UTM in the fall of 2010. The Compilation Project assembled all the technical data on this Property known to Firesteel into a modern database consisting of all sampling, geophysics, trenching, and drilling data.

The Exploration Project

Fieldwork for the Exploration Project was completed by UTM personnel undertaking prospecting and using a backpack drill, focusing on the Dick Creek and Copper Creek prospects of the Property. The goal was to explore and reassess the northeast ("NE") zone's magnetic high zones and mineralization as identified by previously collected high-grade samples, and to explore a north-south running fault, which is bordered on the east by soil anomalies along its length.

Throughout the Exploration Project, intensive coverage of a small section of the Property was conducted by foot on the NE magnetic zone.  A small backpack drill was used to drill short, localized holes for sampling, in conjunction with prospecting/mapping of the same areas.

In all, 19 samples were prospected and 15 holes drilled with 17 individual samples taken. A minor amount of structural data was also collected, both on surface and in drill holes.

UTM personnel reconfirmed that the onsite topography of the Dick Creek and the Copper Creek areas suggest a large-sized potential deposit as the topography mimics the stratigraphy, so those areas of the Dick Creek and Copper Creek that are under moss or devoid of outcrop and have never been drilled show great exploration potential based on proximity alone.

Extensive roadside locations of outcrop splashed with azurite, malachite, pyrite, pyrrhotite and a variety of other (as yet unknown) sulphides, demonstrate the promising potential of an area that extends beyond one kilometer in any direction, with deep subsurface drilling yet to establish the true extent to depth.

The Data Compilation Project

The Data Compilation Project was initiated to enable comprehensive up-to-date mapping and to create an excellent, organized tool for future exploration, modeling and preparation of NI43-101 compliant reports as the Company progresses toward pre-feasibility evaluation of the Property.

UTM was also able to establish for the Company which data was not NI43-101 compliant as a further guide to Firesteel's future exploration activities.

Anastasia Ledwon, P. Geo with UTM Exploration Services Ltd. a Qualified Person under National Instrument 43-101, supervised the Projects and  reviewed and approved the technical content described in this news release. Ms Ledwon is a consulting geologist for and is independent of Firesteel.

In announcing the results of these projects Walter Wakula, Chairman and Interim CEO of Firesteel said: "We are highly encouraged by the correlations which continue to be confirmed between the magnetic high anomalies in this area and high grade geochemical analysis of samples along strike. Several excellent drilling locations have been identified and the data compilation project will be an invaluable tool for the next stages of exploration work."

Firesteel is a junior minerals exploration company that explores for and develops quality precious and base metal prospects in the resource-rich Stikine Arch area of British Columbia, and in the NWT and Mexico.  The Company has been exploring its Copper Creek and ROK - Coyote discovery properties in northern British Columbia with strong showings of copper and gold mineralization. Firesteel maintains its interests in the oil and gas business through its 15 percent shareholding in Blacksteel Energy Inc. (TSXV:BEY).

ON BEHALF OF THE BOARD OF DIRECTORS OF
FIRESTEEL RESOURCES INC.

"Walter Wakula"
_________________________

Walter Wakula,
Chairman of the Board and Interim CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Advisory Regarding Forward Looking Statements

This news release contains forward-looking statements.  Users of forward-looking statements are cautioned that actual results may vary from forward-looking statements contained herein. Forward-looking statements include, but are not limited to: expectations, opinions, forecasts, projections and other similar statements concerning anticipated future events, conditions or results that are not historical facts. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee of the Company's future performance. Firesteel's potential deposits and mineralization and promising potential on its Property and its intention to proceed to preparation of a pre feasibility NI43-101 report as disclosed in this news release (together, the "Significant Matters") and all outcomes are subject to risks, uncertainties, assumptions and other factors which could cause actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements.  Although the Company believes that the expectations reflected for the Significant Matters in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct. 

The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement and are made as of the date of this new release.  Unless otherwise required by applicable securities laws, the Company does not intend nor does it undertake any obligation to update or review any forward-looking statements for the Significant Matters to reflect subsequent information, events, results or circumstances or otherwise.

 

For further information:

please contact us at 1-403-246-9290

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Firesteel Resources Inc.

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