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- First Au (FAU) has intersected strong gold mineralisation at its flagship Gimlet Gold Project in Western Australia
- Work began in mid-August to test the plunge extent beneath the gold mineralisation and determine whether it extends at depth
- Results peaked at 13.9g/t gold and these latest results show that mineralisation does continue at depth
- Further reverse circulation drilling will begin later this month with results to contribute to a new JORC resource for Gimlet
- This program will also test new targets that were identified via induced polarisation and sub audio magnetics surveys
- First Au has ended the day flat with shares trading for 2.7 cents each
First Au (FAU) has intersected strong gold mineralisation at its flagship Gimlet Gold Project in Western Australia.
Gimlet lies 15 kilometres west of Kalgoorlie and is made up of a 9.6 square kilometre granted exploration licence that is prospective for gold.
Work began at the site in mid-August, aiming to test the plunge extent beneath the gold mineralisation.
Drilling also aimed to test whether the mineralisation at Gimlet extends with depth and whether any potential plunge can be identified.
Of the four planned diamond holes only three were drilled, with the fourth to be drilled as a reverse circulation (RC) hole in an upcoming program.
Best results include 0.5 metres at 13.9g/t gold from 278.5 metres including 33.3 metres at 1.6g/t gold from 291 metres, and 30 metres at 0.9g/t gold from 191 metres including 1.2 metres at 4.2g/t gold from 198.5 metres.
Results show that mineralisation continues with depth and the mineralisation will be further tested in November with a 500-metre deep diamond drill hole.
Additionally, further RC drilling will begin later this month with results to contribute to a new JORC resource for Gimlet.
This program will also test new targets that were identified via induced polarisation and sub audio magnetics surveys.
First Au has ended the day with no change — with shares trading for 2.7 cents each in a $14.52 million market cap.
