yes wipe all of that out. that is the crap they ship the gun in to a guess preserve it. I don't know much about 1911's but I use rem oil for my polymers. but clean as much of that crap off as possible.

Thanks undrgrnd! Appreciate your time.

Read the manual and take the pistol apart. Clean and oil it as recommended. Do not hold the grip safty in while you are taking the slide off or putting the slide back on as you may dammage the firing pin safty. Take it to the range and enjoy it.

Also, use a great amount of caution while taking the bushing off with the bushing tool. The guide spring is under pressure and will shoot out if you don't hold it back and ease it out. Best to do in a place where it's easy to find little black gun parts on the floor, just in case.