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First Au Ltd.
Summary
| Project: | Gimlet | |
|---|---|---|
| Deposit: | Gimlet | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-5-2019: First Au Ltd. announces a Resource Estimation report for its Gimlet deposit at the Gimlet project. Initial mineral resource estimate at the project. First Au Limited (ASX: FAU) is pleased to announce a maiden JORC Inferred Resource from the Comp | |
| Resources: | (Resource, Inf.): 642Kt @ 3.33g/t Au for 68.7Koz Au contained | |
| CP/QP: | [Resources]: Andrew Bewsher (BM Geological Services) | |
| ABSTRACT: | First Au Limited (ASX: FAU) is pleased to announce a maiden JORC Inferred Resource from the Company’s two reverse circulation (RC) drilling programs at its Gimlet Gold Project near Kalgoorlie in WA. The April 2019 Mineral Resource Estimate (MRE) contains 642,359 tonnes at 3.33 g/t Au for 68,731 ounces at a 1.3 g/t cut-off. Commenting on this new resource, Chairman Bryan Frost said: “From listing on the ASX in June last year, to soon after making a gold discovery at Gimlet with its’ first drill program, we now have a Maiden JORC Resource, which is a significant achievement for the Company in such a short timeframe. And with the work currently underway in preparation for our next drilling campaign, there is a good feeling in the Company that Gimlet will produce even more excellent results. “ Overview The FAU 100% owned Gimlet Project occurs 15 km NW of Kalgoorlie, Western Australia and tenements (E26/174 and MA 26/849) occupies 9.6 km2 in area. It is close to existing infrastructure and within trucking distance of five gold mills within the Kalgoorlie area, with several offering the toll treatment of ore to third parties (Figure 1). | |
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