2011 summer exploration drilling program5000 M Drilling Program has now commenced on
First Star's LMS project located in the heart of the Tintina Gold belt
TSX.V:FS OTCBB: FSRFF FSE:F2U
VANCOUVER, CANADA -June 02, 2011 - First Star Resources Inc. (TSX-V: FS) ("First Star") is pleased to announce that it has started its 2011 summer exploration drilling program on its flagship property, LMS, in Alaska this week. The LMS property is under Joint Venture with Corvus Gold Inc. (TSX: KOR), A spin off from International Tower Hill (TSX:ITH). During the next few months, First Star intends to drill 5,000m plus of oriented diamond core on its LMS property. 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.
It is the company's intension to extend the existing mineralization of roughly 500 metres down dip to a 1,000 metres down dip. Further, the company intends to have a new resource estimate completed by the end of 2011 which will also include silver.
First Star Resources completed a 640 metres winter drilling program in April this year. Assays are still pending and will be announced soon.
First Star Resources has contracted Spring Valley Drilling Inc. for its winter and summer core drilling program on its LMS gold and silver property. All exploration work on the LMS property will be conducted by First Star's exploration contractor Pacific Rim Geological Consulting Inc. of Fairbanks, Alaska, under the supervision of Dr. Karsten Eden, Vice President Exploration of First Star Resources Inc. All sample shipments will be sent to ALS Chemex in Fairbanks, Alaska, for preparation and then on to ALS Chemex in Reno, Nevada, or Vancouver, B.C., for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. First Star will have its own quality control / quality assurance programs in place.
The LMS claim block is located in the Goodpaster Mining District of Alaska and consists of 92 State of Alaska mining claims covering 61 square kilometers.
The company also is granting options to buy 650,000 shares total to consultants of the company. The options shall be exercisable at a price of 15 cents per share and shall have a term of five years.
About First Star Resources Inc.
First Star Resources is a junior exploration company focused on gold exploration in the world famous Tintina Gold belt in 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 (ITHT) 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 and now is in the planning stages for its work programs set for early 2011.
ON BEHALF OF THE BOARD
John Campbell
CEO
Visit the Company's website, firststarresources.com
For more information contact:
Investor Relations
604-608-0300
ir@firststarresources.ca