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First Gold Exploration Inc.

03:41 PM EST - First Gold Exploration Inc. : and Blue Note Mining Inc. announced preliminary results from the first phase diamond drill program at the Croinor Gold Project. The Phase 1 program which commenced on June 1, 2010 was completed on August 25, 2010 comprising 2,794 metres drilled in 19 holes. There were seven short holes totaling 282 metres drilled to test near surface gold mineralization to the west of the West Pit, five holes totaling 444.7 metres were drilled for geotechnical studies, and seven holes totaling 2,067.4 metres were drilled to test extensions of the underground resources/reserves. During the Phase 1 program, a Hole-to Hole 3D induced polarization (IP) geophysical survey was also carried out by Abitibi Geophysics to further identify potential extensions of the Croinor deposit. First Gold Exploration Inc. shares V.EFG are trading even at $0.24.