RE: 21.2 m grading 5.8 g/t gold and 12.6 g/t silveChipshot to answer your question .......................
I was watching the hockey game the other night and got an email from my bank that a news release hit the wires..... I have my investments set up so that certain parameters I get an email....one of which is all news releases.
This was a good news release and demonstrates that the high grade is there and reaffirms that revisiting cores from the previous property owners is beneficial. With this exercise, historical 43-101 results, drilling underway....they are well on their way to achieving their goal of growing the Gold and silver resource in 2011.
I still like how tight the float is and that the management team was able to arrange the large seller with a buyer last week? Not sure but those crosses maybe the tipping of the hat that some stock is being placed in china? I remember last year one of the objectives with hiring Mr. Jiang was to build the interest and awareness in China with his contacts?
First Star has a 5,000 meter drill program underway, the winter results recently released were positive, and demonstrates revisiting all the previous non-compliant 43-101 work previously done will add more gold but also show the silver potential. It also doesn't hurt that the Yukon and Alaska this year is drawing a lot of attention.
The question will be how much will that 167,000 gold resource (presently) increase by the end of this exploration season 2011?
I also see they added some photos recently to the large photo album of LMS with the latest winter drill program.
Drilling REGARDS,
Tommer3