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Highlights
- The drill campaign at Haunted Stream has confirmed the discovery of a new gold system.
- Assay results for the next three holes delivered significant results.
- The new results highlight the persistence of mineralisation at depth below the first two holes.
- Assay results from additional drilled holes are expected in September 2023.
Gold and base metal exploration company First Au Limited (ASX: FAU) has shared further encouraging assay results from the maiden drilling program at Haunted Stream, Victoria. The drilling program has confirmed the discovery of a new gold system, which is open at depth and along strike.
Data Source: Company update
The assay results for the next three holes indicated broad mineralised zones:
- ERN005 – 36.9m @ 1.61g/t Au from 70.6m including 3.4m @ 4.16g/t Au from 70.6m, 1m @ 8.08g/t Au from 72m and 2.8m @ 4.4g/t Au from 104.2m
- ERN004B - 8m @ 3.45g/t Au from 69m including 6m @ 4.31g/t Au from 71m and 0.5m @ 6.53g/t Au; 1m @ 11.45g/t Au from 80m including 0.5m @ 21.13g/t Au; 4m @ 1.09g/t Au from 86m
- ERN003 – 11.1m @ 1.52 g/t Au from 40.7m depth including 2.8m @ 3.26g/t Au and 0.6m @ 4.47g/t Au between 43m and 43.6m
The new assay results indicated the persistence of mineralisation at depth below the first two holes. The first two holes generated the following results –
- ERN0001- 12.9m @ 3.57g/t Au, including 7.3m @ 5.1 g/t Au and 0.2m @ 36.88 g/t Au from 38.3m
- ERN0002- 11.1m @ 2.65g/t Au, including 4.1m @ 4.1g/t Au and 0.25m @ 12.81 g/t Au from 51.5m
Read quarterly developments here.
FAU completes drilling campaign at Haunted Stream
FAU has concluded the 11-hole diamond drilling at Haunted Stream for 1,083 metres. Extensive mineralised zones intersected at the first five holes to >95m vertical depth. The campaign to date has discovered a new shallow high-sulphidation gold system from 38m depth.
Assay results for additional holes are expected in September 2023.
