Here you go Dan .
How did you know I would be looking for this tonight?
Great results. I haven't bought any stock yet but I am going to.
You should have a look at the Energy Conversion Devices site if you want a little high risk excitement in your life. Jacques
This is what you are looking for:
FOR FURTHER INFORMATION PLEASE CONTACT:
Fairstar Explorations Inc.
Larry Nachshen
Chairman
(514) 486-6177
(514) 486-7371 (FAX)
fairstar.com
or
Fairstar Explorations Inc.
Karl Glackmeyer
President
(514) 486-6177
(514) 486-7371 (FAX)
fairstar.com
or
Fairstar Explorations Inc.
George Tooley
Vice-President Corp. Development
(514) 486-6177
(514) 486-7371 (FAX)
fairstar.com
------------------------------------------------------------------------
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: FAIRSTAR EXPLORATIONS INC.
ME;TSE SYMBOL: FFR
MAY 27, 1997
Fairstar Intersects New High Grade Gold at the Fenelon
"A" Gold Project in Northwestern Quebec
MONTREAL, QUEBEC--Fairstar Explorations Inc. ("Fairstar") has
recently completed a very successful 1996/97 winter exploration
program at the Fenelon "A" Gold Project in northwestern Quebec.
The 77 hole, 15,866 metre diamond drilling campaign, supervised by
Geospex Sciences Inc., was intended to investigate the main
Discovery Zone in more detail, and to explore new targets
elsewhere on the property.
Within the Discovery Zone area, thirty-eight (38) holes totalling
6,496 metres were targeted to accomplish the following:
- Delineate the extent of gold mineralization.
- In-fill the pre-existing drill grid on an approximate 25 metre
hole spacing basis.
- Provide further samples to assess the nugget effect.
- Improve the understanding of the geometry of the mineralised
zones.
The more significant uncut gold intersections from the latest
drill campaign are as follows:
/T/
DIAMOND INTERVAL (m) CORE LENGTH GRADE
DRILL Techni-Lab S.G.B.
(Fire Assay &
Metallics (i))
HOLE # FROM TO (m) (ft) g/t Au oz/t Au
_______ _____________ ___________ _________________
(i) FA-97-104 50.30 51.00 0.70 2.30 83.40 2.44
(i) FA-97-105 54.10 54.70 0.60 1.97 74.20 2.17
FA-97-107 42.40 44.50 2.10 6.89 8.30 0.24
FA-97-108 40.05 41.20 1.15 3.77 7.10 0.21
FA-97-112 52.00 53.75 1.75 5.74 17.50 0.51
FA-97-120 30.90 31.50 0.60 1.97 29.00 0.85
(i) FA-97-121 27.10 28.00 0.90 2.95 12.10 0.35
(i) FA-97-123 74.60 76.20 1.60 5.25 124.70 3.64
(i) FA-97-124 78.90 79.70 0.80 2.62 16.50 0.48
FA-97-134 98.00 101.80 3.80 12.46 12.20 0.36
(i) FA-97-135 81.70 86.00 4.30 14.10 109.50 3.20
(i) FA-97-137 30.40 31.30 0.90 2.95 37.50 1.10
(i) FA-97-145 116.70 117.30 0.60 1.97 9.50 0.28
FA-97-147 140.45 140.84 0.39 1.28 74.00 2.16
150.30 152.00 1.70 5.58 7.30 0.21
166.00 166.80 0.80 2.62 11.20 0.33
(i) FA-97-148 189.40 190.00 0.60 1.97 76.10 2.22
(i) FA-97-164 189.70 196.45 3.75 12.30 8.70 0.25
(i) FA-97-177 234.70 235.40 0.70 2.30 11.60 0.34
/T/
Re-interpretation of the Discovery Zone, based on extensive core
orientation (Foster) tests, shows the mineralization to be made up
of six (6) east-west "en echelon" gold bearing structures
associated with a gabbro sill having an overall northwest
orientation. The new model of the Discovery Zone greatly enhances
the understanding of its structure and geology, thus facilitating
the task of extending the zone to depth and along strike. At the
present time, the mineralised zone has been investigated in detail
over a 250 metre strike length and to a depth of some 200 metres.
In addition to this diamond drilling, a geotechnical investigation
was carried out to test the depth and nature of the shallow
overburden covering the Discovery Zone. This work included a
detailed seismic refraction survey and five (5) holes drilled
specifically to test the physical characteristics of the
overburden.
The results of the above diamond drilling, in conjunction with
data from previous years drilling campaigns, will permit a
resource calculation expected to be completed in June, 1997. A
crucial aspect of the calculation will be to assess the cutting
procedures to be applied to high grade gold intersections. This
resource estimate, coupled with the geotechnical investigation,
will provide important elements for a pre-feasibility study to
assess the viability of developing the deposit and the most
favourable development concept.
In terms of the exploration campaign, following extension of the
grids and further induced polarisation and magnetometer surveys,
thirty-nine (39) holes, totalling 9,370 metres, tested various
anomalies. This exploration drilling outside the Discovery Zone
has served to eliminate many potential areas and to focus on two
new sectors. On the GAP Grid, located 1.5 kilometres southwest of
the Discovery Zone, hole FA97-157 intersected 20.0 g/t gold over
0.4 metres, and in the area of the NS Grid, approximately 1.5
kilometres east of the Discovery Zone, hole FA97-173 cut 7.0 g/t
gold over 0.3 metres.
The Fenelon "A" Gold Project is located approximately 50
kilometres east of the Detour Lake Mine along the extension of the
Detour Lake Fault. The Fenelon discovery is the most significant
gold find along this structure since the Detour Lake Mine started
production in 1983. Fairstar's 100 percent funding of the $1.9
million dollar exploration program will result in its working
interest in the project increasing from approximately 54 percent
to greater than 60 percent.
Fairstar Explorations Inc., symbol FFR, is a junior mining
exploration Company whose shares are listed on the Montreal and
Toronto Stock Exchanges. The Company, with its head office in
Montreal, is actively exploring several gold properties in Ghana,
West Africa, and the Casa Berardi area of Quebec, Canada.
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