RE: RE: Answers to e-maildakine555, I can only assume that the area that is underlined and in bold print has the information in it that JSL is referring to. I guess you had to be at the meeting to know, and I was not there. Were you or anyone on this board at the AGM who knows anything about this appointment?
Press ReleaseSource: First Gold Exploration Inc.On Wednesday February 9, 2011, 9:57 am EST
LAVAL, QUEBEC--(Marketwire - 02/09/11) - First Gold Exploration Inc. (TSX-V:EFG - News) (Pinksheets:FGEXF - News) (Frankfurt:F12 - News)is pleased to report that diamond drilling on the Hydro showing hasresulted in the discovery of a near surface tantalum-rich zone thatreturned significant results for three holes. The best intersection was400 ppm Ta2O5 over 5.50 metres in Hole HD-10-01. Hole HD-10-02 returned364 ppm Ta2O5 over 3.80 metres and Hole HD-10-03 returned 553 ppm Ta2O5over 1.40 metres. The table below shows all the results for the threeholes.
The Hydro showing lies about 500 metres northeast of theRose lithium-tantalum deposit where a NI43-101 compliant indicatedresources of 11,436,000 tonnes has been report December 14th 2011. Thenewly towered structured occurs horizontally on surface and dips 20degrees to 30 degrees to the northeast. Stratigraphically speaking,this horizontal zone lies above the Rose main zone, which is consistentwith the geological model established by the technical team. The zone isopen to the east, west and north. More drilling will be done in thecoming weeks to better delineate this discovery.
"This is yetanother very important discovery for the Company. With its particularlyhigh grades, this showing will enable us to rapidly increase the size ofour tantalum deposit for the Rose project at a low cost." saidJean-Sebastien Lavallee, President and Chief Executive Officer.
Amap showing the location of the holes drilled on the Pivert/Rose Lithiumproject can be found in the Projects section of the Company's website,at www.firstgoldexploration.com.
Asreported previously, drilling on the Rose deposit is ongoing. To date,seven additional holes have been drilled out of a total of 16 holesplanned for this phase. These holes are being drilled at a 100-metregrid spacing on the extension of the structure eastward and northward.The 16 holes will cover an area of 1.5 km(2). Following this phase ofdrilling on the Rose deposit, the Company plans to drill 15 to 20 holeson the JR showing. The Company hopes to include all the new holesdrilled during this program in a new resource estimate for the Rosedeposit. This estimate may also take into account tantalum-enrichedzones that were not included in the previous estimate as the originalmodel was designed for lithium only.
The best results obtained to date for the Hydro showing are as follows:
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HOLE FROM TO TRUE WIDTH Ta2O5 BeO Rb Ga
# (m) (m) (m) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
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HD-10-01 13.15 18.65 5.5 400 479 2191 64
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HD-10-02 10.45 14.25 3.8 364 456 1650 77
15.45 16.35 0.9 269 379 1290 65
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HD-10-03 9.30 10.70 1.40 553 30 1346 68
50.35 51.85 1.50 99 144 1887 47
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(i) 1 ppm = 1 g/t
Allthe samples were sent for analysis in sealed containers to the Chemexlaboratory in Val-d'Or by employees of the Company. Chemex is thelaboratory used for analysis of all samples from programs on the LacPivert/Rose property.
In amendment of the February 2, 2011 pressrelease, First Gold has also retained the services of Mr. Peter Tse, aworld renowned metallurgist to support the pre-feasibility study. Duringthe past few years, Mr. Tse has managed the development of themetallurgical processing for the Aley Niobium project of TasekoResources Ltd. He is currently managing the metallurgical studies forthe Upper Fir Tantalum-Niobium project of Commerce Resources Inc. Forfurther clarity, Mr. Tse's involvement with Bernic Lake Mine did notinclude the management of the plant modifications.
ExplorationFirst Gold is also pleased to announce that, at its annual general andspecial meeting held on February 8, 2011, shareholders of the Companyapproved all the items, including the proposed slate of directors,retention of the auditors and the name change.
First Gold alsoannounces that it has increased the number of shares reserved forissuance under its stock option plan by 4,233,946. The number of sharesthat can be issued under the Plan is now 10,299,737, or 10% of thenumber of issued and outstanding shares as at January 26, 2011. Theincrease is subject to the approval of the TSX Venture Exchange.
Jean-SebastienLavallee (OGQ #773), geologist, shareholder and President and ChiefExecutive Officer of the Company and a Qualified Person under NI 43-101,has reviewed and approved the technical content of this release.
Neitherthe TSX Venture Exchange nor its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.