First Gold Exploration Controls a 50% Interest In The 289,890 oz Gold Deposit at Croinor
First Gold Has A Market Capitalization Of $4.7M (April 9/08) Despite Owning 289,890 oz/Gold At Surface (NI 43-101 Compliant)
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Webcast

Posted by: BaySt on March 27, 2008 09:52AM

Just listened to the webcast, sounded great. I think the start of another diamond drilling program to define the resource to a greater extent is excellent news. Eric mentioned, to the effect that he couldn't talk about how much gold is there specifically, and in fact he wasn't sure. But if we deduce that the grades are definitely there, then the resource will have to increase from current levels - just a matter of how much.

So knowing this, our valuation just keeps getting lower. We have about a $4m MC; but that's based on 289,900/gold. Eric said without saying specifically the resource will get bigger - which makes our valuation as cheap as it ever was. Maybe the new 43-101 will bestow Croinor will 350,000+ oz./gold???

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Executive Address
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Eric LeBoeuf
President & CEO
March 27, 2008

President & CEO Eric LeBoeuf Talks About Developments at the 289,890oz Croinor Gold Project

View Broadcast