Fairstar's efforts over the past twelve months to structure suitable joint venture arrangements on the Company's highly prospective Ghanaian and Quebec gold prospects have been rewarded. The initial results of this drilling program are encouraging. Plans and bids for this bulk sample are being reviewed and will be revised as the data from this latest drill program are integrated with previous information.
Plans are for the bulk sample to commence within the next couple of months.
Eliminating Fairstar's financial obligations leading up to the feasibility reports. In conjunction with the initiatives taken above, Fairstar's Board of Directors recognized that it would be in the best interests of all shareholders to attempt to diversify its activities beyond the mining sector. This process, which is subject to regulatory approval, has taken longer than anticipated and at time of writing, appears to be nearing completion. Management's strategy is to continue investigating business opportunities outside the mining sector that have the potential to generate substantial investment returns for the benefit of the 4,000 plus shareholders of the Company.