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First Star Resources sampling of previous un-split drill core reveals high-grade gold and silver. 6.9m grading 11.7 g/t gold and 13.8 g/t silver in drill hole LM-10-39

June 6, 2011

    OTCBB:FSRFF                                   FSE:F2U                                            TSX.V:FS

 

VANCOUVER, June 6, 2011 /PRNewswire/ – First Star Resources Inc. (TSXV: FS) (“First Star”) is pleased to provide an update of its 2011 winter core
cutting program on its flagship property, LMS, in Alaska. The LMS
property is under Joint Venture with Corvus Gold Inc. (A spin off from
International Tower Hill). (TSX:KOR.toNews).

An update including assays on the company’s winter drilling program at
LMS will follow soon.

In February and March the company sampled drill core from above and
below the graphitic quartzite breccia that was not sampled by the
previous operators during the 2005 and 2006 drilling, as well as 2010
drill core from the “feeder zone” in the lower gneiss unit previously
not sampled by First Star. While several core samples collected from
above and below the gold-bearing graphitic quartzite breccia zone
returned gold values in the 0.2 to 0.8 g/t gold range, the surprising
news is that the company discovered more high grade gold mineralization
in the lower gneiss zone. The company is planning on cutting more
“feeder zone material” from drill core not sampled by previous
operators during the 2005 and 2006 drilling in the coming weeks.

Two samples collected from previously un-sampled core from the feeder
zone area in the lower gneiss unit of drill hole LM-10-39 revealed
grades of 21.9 and 7.45 g/t gold.

LM-10-39

     ____________________________________________________________________
    |From (ft)|To (ft)|Interval (ft)|Interval (m)|Gold (g/t)|Silver (g/t)|
    |_________|_______|_____________|____________|__________|____________|
    |   881.5 | 885.0 |       3.5   |      1.1   |    21.9  |     13.05  |
    |_________|_______|_____________|____________|__________|____________|
    |   885.0 | 890.0 |       5.0   |      1.5   |    7.45  |      0.84  |
    |_________|_______|_____________|____________|__________|____________|

With the recent samples collected First Star is pleased to announce that
is has extended the feeder zone drill intercept in drill hole LM-10-39 to 6.9 metres:

LM-10-39

     ____________________________________________________________________
    |From (ft)|To (ft)|Interval (ft)|Interval (m)|Gold (g/t)|Silver (g/t)|
    |_________|_______|_____________|____________|__________|____________|
    |   879.0 | 901.5 |      22.5   |      6.9   |    11.7  |      13.8  |
    |_________|_______|_____________|____________|__________|____________|

A 0.2 g/t cut off for gold used for composite calculations

Due to technical difficulties drill hole LM-10-39 was not completed in
2010, but will be re-entered and finished in May 2011.

First Star is very pleased with its recent achievements on the LMS gold
property: 1) the company successfully determined that the thickness of
the gold bearing graphitic quartzite breccia is greater than previously
thought and encountered significant gold and silver grades within the
graphitic quartzite breccia, as well as, directly above and below the
graphitic quartzite breccia in schist; and 2) successfully delineated
the high-grade gold vein feeder systems in the lower gneiss zone.

All exploration work on the LMS property is 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
are 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
has 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. In September 2010, First Star drilled three NC core
holes totalling 3,618 feet (1,103 metres) within the Camp Zone area of
LMS. The goals of this drilling program were to: 1) expand the
stratiform gold-bearing graphitic quartzite breccia horizon; and 2)
confirm the extent of high-grade gold vein feeder zones in the lower
gneiss zone. All three holes were designed to test both targets. The
results of this drilling program were announced were announced on
November 10, 2010 (November-10.pdf).

The technical information in this news release was reviewed by Dr.
Karsten Eden, First Star’s Vice President Exploration, and a Qualified
Person as defined in NI 43-101.

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, the LMS and WP
property. The LMS and West Pogo properties have well defined Gold
Targets which First Star Resources will be addressing in 2011.

Visit the Company’s website, www.firststarresources.ca

ON BEHALF OF THE BOARD
John Campbell, President & CEO


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DISCLAIMER
Forward-looking statements relating to future events or future
performance and reflecting First Star Resources or beliefs regarding
future events include, but are not limited to, statements with respect
to completion of the private placement and related matters. In certain
cases, forward-looking statements can be identified by the use of words
such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate” ,or “believes”, or variations of
such words and phrases or statements that certain actions, events or
results “may”, “could”, “would”, “might” or “will be taken”, “occur” or
“be achieved” or the negative of these terms or comparable terminology.
By nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of First Star Resources to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such factors
include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue
to be refined; future prices of resources; possible variations in ore
reserves, grade or recovery rates; accidents, labour disputes and other
risks of the mining industry; delays in obtaining governmental
approvals or financing or in the completion of development or
construction activities; as well as those factors detailed from time to
time in Petro Horizon’s interim and annual financial statements and
management’s discussion and analysis of those statements, all of which
are filed and available for review on SEDAR at www.sedar.com. Although Petro Horizon has attempted to identify important factors
that could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward looking statements.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE First Star Resources Inc.


Source: newswire



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