First American Silver Corp. announced that the recently completed drill program intercepted gold at the Mount Jackson property. During the drill program completed in September 2011, five holes were drilled, all of which encountered disseminated mineralization to varying degrees. Most significantly, the program returned: a 5 foot section grading 0.57 ounces of gold per ton, within a 20 foot section of 0.237 ounces of gold per ton, which is in turn within a 90 foot section of 0.052 ounces of gold per ton. The twenty foot section could represent a bulk-minable type underground target. These findings confirm the validity of the data the Company has regarding various aspects of earlier drilling in the area by Pegasus Gold. To date, efforts from both historic and present day drilling in the immediate area, known as the Cottontail Zone, have been focused entirely on disseminated or 'Carlin' style mineralization. While the potential for this type of target exists on the property, the recent drill program by First American Silver was tailored in part to determine if a higher grade 'feeder' may exist in the Cottontail Zone, possibly presenting a more robust and economically significant target. These findings from Hole PC-34A may represent the upper portions of just such a target.