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First Star Resources finds high grade gold and silver at LMS property in Alaska

|Includes: Four Seasons Hotels Inc. (FS)

Vancouver-based First Star Resources (CVE:FS) reported Thursday high grade gold and silver results from its main LMS property in Alaska, which is under a joint venture with Corvus Gold (TSE:KOR).

In March and April, the company drilled two core holes totaling 640 metres within the Camp Zone area of the property.

Highlights include hole LM-11-40, which intersected 21.2 metres of 5.8 g/t gold and 12.6 g/t silver, including 5.2 metres of 21.4 g/t gold and 33.5 g/t silver.

The company said hole LM-11-41 was abandoned due to technical difficulties.

"We are very excited about the results of the 2011 winter drilling program at LMS. High grade gold and silver grades over significant intercepts within the graphitic quartzite breccia clearly demonstrate the potential of the Camp Zone area," said CEO John Campbell.

"We just started with our 5,000 metre summer drilling program at LMS and are excited about the potential the LMS property has to offer."

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.

Corvus Gold is a spin off from International Tower Hill Mines (TSE:ITH).