Total
0
Shares
Gimlet Project Image Sourced First AU
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • First Au has announced its best diamond drilling assay results at the Gimlet Project to date, including 32m at 4.9 g/t gold from 93m
  • This comes soon after First Au’s announcement of a Maiden JORC Inferred Resource of 68,731oz gold at Gimlet
  • A 5000 metre aircore drilling program is set to begin in early June

First Au LImited has announced exceptional assay results from a diamond drilling program at its Gimlet Project, near Kalgoorlie in Western Australia.

The company completed three diamond drill holes, in March this year as part of the Resource 2019 reverse circulation drilling project, with two of the three holes intersected revealed significant gold mineralisation.

These are the best diamond drilling assay results at the Gimlet Project to date, and come soon after the announcement of a Maiden JORC Inferred Resource of 68,731oz gold at Gimlet in May this year.

Further RC and diamond drilling is being planned to follow up these results. First Au has announced a 5000-metre airfare drilling program of 77 holes along strike at Gimlet, which is set to kick off in early June.

The company is an advanced gold and base metals exploration company currently focussed on exploration at its wholly owned Gimlet Gold Project near Kalgoorlie and its Emu Creek and Talga Projects in the Eastern Pilbara region of Western Australia.

The Gimlet Gold Project tenement makes up 9.6 square kilometres in area and is within trucking distance of five gold mills within the Kalgoorlie Area.

Gimlet is also located approximately 500 metres along strike from Interim Resources’ operating Teal Gold Mine, which has a current resource estimate of 2.27 million tonnes at 2.18 g/t gold for 159,386 ounces of gold.

FAU by the numbers
More From The Market Herald
Veris (ASX:VRS) - CEO, Michael Shirley

" Veris Australia (ASX:VRS) wins $1m contract for Sydney Metro West

Veris Limited (VRS) announces its subsidiary, Veris Australia, has secured a contract of around $1 million for the Sydney Metro West project.
SSH Group, SSH - Managing Director, Daniel Cowley Cooper

" SSH Group (ASX:SSH) contract extension for Forrestfield Airport Link

SSH Group (SSH) has announced a contract extension of four months for Webuild Group’s $1.86 billion Forrestfield Airport Link.

" Clean TeQ Water (ASX:CNQ) pens deal with MCC Environment

Clean TeQ Water (CNQ) has signed an exclusive distribution agreement with MCC Energy Conservation and Environmental Protection to promote its technology in China.
National Tyre & Wheel (ASX:NTD) - CEO & Managing Director, Peter Ludemann

" National Tyre & Wheel’s (ASX:NTD) subsidiary acquires Access Alloys

National Tyre & Wheel’s (NTD) subsidiary, Dynamic Wheel Co, has acquired certain assets from 4×4 wheel specialist Access Alloys.