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First Au Ltd.
Summary
| Project: | Gimlet | |
|---|---|---|
| Deposit: | Gimlet | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/4/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-3-2020: First Au Ltd. announces an Exploration/Drilling Update report for its Gimlet deposit at the Gimlet project. Drilling results incl. 10m @ 3.1g/t Au from 195m. First Au Limited (ASX: FAU; the “Company”) is pleased to announce strong assay results | |
| Resources: | ||
| CP/QP: | [Overall Report]: Gavin England (Not stated) | |
| ABSTRACT: | First Au Limited (ASX: FAU; the “Company”) is pleased to announce strong assay results from two RC drill holes at its flagship Gimlet gold project near Kalgoorlie. The drilling was designed to test whether the mineralisation at Gimlet, which has a JORC Inferred Resource of 69, 000oz (refer to ASX release dated 7 May 2019): 1) extends with depth; and 2) whether any potential plunge component to the mineralised system can be identified. The drilling returned results including 10m @ 3.1 g/t Au (from 195m) and 5m @ 3.6 g/t Au (from 150m). While the drilling from this RC program is still not complete, preliminary interpretation suggests a southerly plunge to the mineralised system. It is hoped the results from the next part of this RC program will further strengthen this hypothesis. The information gained from this staged RC program will assist in the planning of the West Australian Government Exploration Incentive Scheme (EIS) co-funding granted recently to FAU for diamond drilling, which is targeting mineralisation below 450m (refer to ASX release dated 27 November 2019). | |
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