Next stop - TSX approval financingLast I heard all the paperwork has been filed to close the oversubscribed financing. Should therefore see an announcement with the exchange accepted the filing and closing of the financing.
Results of the latest drilling should then be released, followed with some re-assaying of past assays that were not included in the past resource 43-101 report for both the gold but also adding the silver.
Then the summer drill program should get underway - 5,000 meters. I have a feeling with all will see an increase in awareness in both the resource
potential and Share Price This may see the warrant acceleration clause executed and the treasury topped off to accommodate the summer exploration
initiatives
With all this said - I bet moving forward the resource 43-101 will significantly increase. Sitting now at 167,000 ounces of gold, silver to be added, and with old assay's evaluated, the 1000 and 5000 meter programs published we could be significantly higher in the ground ounces.
The high grade results will be intriguing and really have me watching as we can then determine how much the costs are to extract the gold found.
Then will know the amount of ounces found and how much the rock is worth after extraction.
Since the 1000 meters in this program is targeting the high grade - this could get exciting real quick?
High Grade REGARDS,
Tommer3
https://firststarresources.ca/wp-content/uploads/2011/02/firststar-factsheet-jan2511.pdf