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First Au Ltd.
Summary
| Project: | Gimlet | |
|---|---|---|
| Deposit: | Gimlet | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-12-2018: First Au Ltd. announces an Exploration/Drilling Update report for its Gimlet deposit at the Gimlet project. Drilling results incl. 13m @ 8.2g/t Au from 67m. First Au Limited (ASX: FAU) is pleased to announce strong assay results from the Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gavin England (Independent) | |
| ABSTRACT: | First Au Limited (ASX: FAU) is pleased to announce strong assay results from the Company’s maiden reverse circulation (RC) drilling program at its Gimlet Gold Project near Kalgoorlie in WA. The drilling has outlined mineralisation over 400m of strike length (Figure 1). This mineralisation remains open to the north and at depth, with evidence of both lode and supergene-style gold mineralisation. Gimlet is 15km north-west of Kalgoorlie and adjoins the tenements of Intermin Resources (ASX: IRC), which contain the Teal, Jacques Find and Peyes gold deposits. The deposits host JORC Resources of 289,000oz. Intermin announced earlier this week that it has agreed to merge with MacPhersons Resources (ASX: MRP), which also has gold assets in the Kalgoorlie region. First Au’s 2900m RC program followed up the outstanding results from its recent aircore program at Gimlet, which returned strong intersections such as 3m at 462 g/t Au from 52m (refer ASX release dated 8 November 2018). In light of these strong results, First Au plans to resume RC drilling, and may also undertake a maiden diamond drilling program, in the new year to grow the known mineralisation along strike and at depth. Details of recent RC drilling program Twenty-three angled RC holes were drilled to depths of 116m to 212m to target mineralisation below and along strike from that intersected in previous aircore drilling. A series of three drill lines were placed 200m apart, with holes along drill lines 40m apart (Figure 1). The middle and northern drill sections are seen in Figure 2 and 3, which demonstrate mineralisation; as 1) a supergene blanket within the saprolite clays; 2) a supergene-enriched shear zone, at the fresh rock / oxide interface; and 3) felsic shear-hosted in fresh rock, containing disseminated and stringer sulphides, with quartz vein material. The fresh mineralised zone often shows a broader halo of disseminated pyrite containing lower grade mineralisation (~ 10 - 500 ppb Au). Note true mineralised widths still to be determined with further drilling. | |
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