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21.10.2010
First Star Resources Inc.: West Pogo Gold Property Update - 6.53 g/t over 6 meters in Chip Samples
First Star Resources Inc.: West Pogo Gold Property Update - 6.53 g/t over 6 meters in Chip Samples
VANCOUVER, CANADA – October 19, 2010 - First Star Resources Inc. (TSX-V: FS) (“First Star”), First Star Resources Inc. (TSX-V: FS) (“First Star”) is pleased to provide an exploration update on its second property under Joint Venture with International Tower Hill, the West Pogo Gold Project in Alaska. In September, while the company was drilling on the LMS Gold property, the company also conducted reconnaissance work on its second property, the West Pogo gold property, which included chip sampling of three traverses over mineralized rubble crops.
The entire zone sampled is approximately 40 meters wide. Assays from this sampling campaign revealed gold grades of 6.53 g/t over 6 meters and 13.05 g/t silver over 6 meters. The sampling was conducted by First Star’s exploration contractor Pacific Rim Geological Consulting of Fairbanks, Alaska. Chip samples were collected and placed in sealed bags and delivered to ALS Chemex in Fairbanks, Alaska for analysis. The results of this sampling campaign are presented in the table below.
http://www.irw-press.com/dokumente/FirstStar_Tables_211010.pdf
VP of Exploration Dr. Karsten Eden stated. "These results are very encouraging. Gold values exceeding one gram per tonne over significant lengths were defined by chip sampling. All information thus far indicates a large mineralized system that is interpreted to be intrusion-related. An aggressive drilling program is warranted."
The West Pogo gold project is located in the Goodpaster mining district, Alaska, and represents a high-grade intrusion-related vein system gold target. The West Pogo claim block consists of 96 State of Alaska Mining Claims covering 18.9 square kilometres. The claims are immediately to the west of the Pogo Mine and can be accessed from the mine road. Rock samples collected by previous exploration campaigns revealed gold values of up to 118.5 g/t gold from sericitically altered granite and quartz vein material. Dominant structures on the property are east-west shear zones related to northwest and northeast trending fault zones. Gold discoveries along the west margin of the Pogo mine property are encouraging for the potential of the WP project.
The technical information in this news release was reviewed by Dr. Karsten Eden, First Star's Vice President Exploration, and a Qualified Person as defined in NI 43-101.
About First Star Resources Inc.
First Star Resources is a junior exploration company focused on gold exploration in the world famous Tintina Gold bel tin Alaska. The Tintina Gold belt hosts major gold deposits and several mines, such as; Fort Knox Mine-3.7 million oz gold, the Donlin Creek deposit 33.5 million oz. gold , the Livengood deposit, 8.1 million oz gold, White Gold deposit 1.4 million oz gold (Recently taken over by Kinross Gold Corp), and the Pogo Mine 5.6 million oz gold, which is adjacent to one of First Stars Resources’ key targets for this year and the WP property. International Tower Hill (ITH-T) spent millions of dollars on the WP and LMS properties which they optioned to First Star Resources after they made their discovery at Livengood. Both of these properties have well defined Gold Targets. First Star Resources recently completed drilling on the LMS, property assays are expected later this quarter 2010.
Visit the Company’s website, www.firststarresources.com
ON BEHALF OF THE BOARD
Bill Wishart, President & CEO
For More information contact:
Investor Relations
Joey Sherren
604.628.4510
ir@FirstStraResources.com
DISCLAIMER
Forward-looking statements relating to future events or future performance and reflecting First Star Resources or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. 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" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of First Star Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although First Star Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.
"NEITHER 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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VANCOUVER, CANADA – October 19, 2010 - First Star Resources Inc. (TSX-V: FS) (“First Star”), First Star Resources Inc. (TSX-V: FS) (“First Star”) is pleased to provide an exploration update on its second property under Joint Venture with International Tower Hill, the West Pogo Gold Project in Alaska. In September, while the company was drilling on the LMS Gold property, the company also conducted reconnaissance work on its second property, the West Pogo gold property, which included chip sampling of three traverses over mineralized rubble crops.
The entire zone sampled is approximately 40 meters wide. Assays from this sampling campaign revealed gold grades of 6.53 g/t over 6 meters and 13.05 g/t silver over 6 meters. The sampling was conducted by First Star’s exploration contractor Pacific Rim Geological Consulting of Fairbanks, Alaska. Chip samples were collected and placed in sealed bags and delivered to ALS Chemex in Fairbanks, Alaska for analysis. The results of this sampling campaign are presented in the table below.
http://www.irw-press.com/dokumente/FirstStar_Tables_211010.pdf
VP of Exploration Dr. Karsten Eden stated. "These results are very encouraging. Gold values exceeding one gram per tonne over significant lengths were defined by chip sampling. All information thus far indicates a large mineralized system that is interpreted to be intrusion-related. An aggressive drilling program is warranted."
The West Pogo gold project is located in the Goodpaster mining district, Alaska, and represents a high-grade intrusion-related vein system gold target. The West Pogo claim block consists of 96 State of Alaska Mining Claims covering 18.9 square kilometres. The claims are immediately to the west of the Pogo Mine and can be accessed from the mine road. Rock samples collected by previous exploration campaigns revealed gold values of up to 118.5 g/t gold from sericitically altered granite and quartz vein material. Dominant structures on the property are east-west shear zones related to northwest and northeast trending fault zones. Gold discoveries along the west margin of the Pogo mine property are encouraging for the potential of the WP project.
The technical information in this news release was reviewed by Dr. Karsten Eden, First Star's Vice President Exploration, and a Qualified Person as defined in NI 43-101.
About First Star Resources Inc.
First Star Resources is a junior exploration company focused on gold exploration in the world famous Tintina Gold bel tin Alaska. The Tintina Gold belt hosts major gold deposits and several mines, such as; Fort Knox Mine-3.7 million oz gold, the Donlin Creek deposit 33.5 million oz. gold , the Livengood deposit, 8.1 million oz gold, White Gold deposit 1.4 million oz gold (Recently taken over by Kinross Gold Corp), and the Pogo Mine 5.6 million oz gold, which is adjacent to one of First Stars Resources’ key targets for this year and the WP property. International Tower Hill (ITH-T) spent millions of dollars on the WP and LMS properties which they optioned to First Star Resources after they made their discovery at Livengood. Both of these properties have well defined Gold Targets. First Star Resources recently completed drilling on the LMS, property assays are expected later this quarter 2010.
Visit the Company’s website, www.firststarresources.com
ON BEHALF OF THE BOARD
Bill Wishart, President & CEO
For More information contact:
Investor Relations
Joey Sherren
604.628.4510
ir@FirstStraResources.com
DISCLAIMER
Forward-looking statements relating to future events or future performance and reflecting First Star Resources or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. 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" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of First Star Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although First Star Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.
"NEITHER 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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA33647K2048">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA33647K2048</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.