Alaska is heating up nicely for FIRST STARSome great juniors putting out great news ............... lately and has seen some serious appreciation in there share price. TheTintina Gold Belt in Alaska is producing some great numbers. First Star is adjacent to the Pogo Mine along with several others producing fantastic gold number in this gold belt.
One company just released news (high grade) of 65.3 g/t Au over 5.5 m today that is just Km's down the Gold Belt from First Star.
First Star announced a small 1000 meter drill program that is being fast tracked before the 5000 meter summer drill program. I think the plan is too... strategically target the area that contains the high grade mineralization in hopes to release similar grade results. If successful, this will drive the price higher and the 5,000 meter financing will be less dilutive. That's the objective as I know it ! !
"Drilling will continue to assess the existing Camp Zone in an effort to: 1) expand the gold-bearing graphitic quartzite breccias; and 2) to drill a NE-striking structural corridor within the lower gneiss zone that is known to contain high grade gold mineralization. First Star believes this corridor to be an important structural control for gold mineralization."
With the area heating up - and looking at First Stars strategy.... I am buying more at these levels in hopes the 1000 meter program can produce and deliver the results to take the price higher. This will be a pivotal point for FS and at these prices and looking at what the area juniors prices are trading at makes for a good speculative investment. Of course in my opinion.... Alaska and the Yukon with Gold prices as such today is really starting to heat up.
Tommer3
First Star.... LMS & WP Properties.
Other - 65.3 g/t Au over 5.5 m today
