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First Au Ltd.
Summary
| Project: | Gimlet | |
|---|---|---|
| Deposit: | Gimlet | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2018: First Au Ltd. announces an Exploration/Drilling Update report for its Gimlet deposit at the Gimlet project. Drilling results incl. 4m @ 393g/t Au from 52m. First Au Limited (ASX: FAU) is pleased to advise that the second phase of aircore drilli | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Richardson (Independent) | |
| ABSTRACT: | First Au Limited (ASX: FAU) is pleased to advise that the second phase of aircore drilling at its Gimlet Gold Project near Kalgoorlie has returned an outstanding intersection of 4m at 393 g/t from 52m. The intersection is 20m east from the discovery hole (18GAC010) result of 8m at 1.24g/t (refer ASX release 10 September, 2018). The latest intersection was made as part of the recently-completed 44-hole, 2952m program designed primarily to locate mineralised shear zones trending north from the adjacent Teal Gold Project, where Intermin Resources Limited (ASX: IRC) has recently reported significant Mineral Resources (refer IRC ASX release, 19 September, 2018). This aircore program intersected e x t e n s i v e gold mineralisation within the northern extension of the Yolande-Jacques shear zone, ~100m north of the First Au-Intermin tenement boundary (see Figure 1). Drill hole 18GAC063 has been interpreted as intersecting both supergene and shear-hosted mineralisation. The composite sample assayed 4 metres at 393 g/t from 52m and probably represents a supergene enriched portion of the mineralized structure. The entire sample was described as fresh, foliated felsic volcanic basement and comprised ~ 5% pyrite. Within the supergene horizon the drill hole intercepted 4m @ 2.7 g/t Au from 40 metres. A significant outcome of the aircore program was an appreciation for the supergene gold domain and its lateral extent and depth from surface. Gimlet has a strongly gold-depleted upper 35m and mineralisation is not directly associated with quartz veining. | |
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