ASX listed First Au Limited announces results for the latest Drilling program at Gimlet

November 05, 2020 12:52 PM AEDT
Team Kalkine

First Au Limited (ASX:FAU) announced strong assay results from 3 drill holes at the Gimlet gold project. The deepest drill hole at Gimlet intersected a broad zone of gold mineralisation with 33.1 metres at 1.6 g/t gold (including internal dilution) confirming that the mineralisation extends beyond 291 metres.

The latest drilling campaign is credited to the development of a new litho-structural model for the Gimlet project identifying new exploration prospects. The government co-funded 500-meter-deep diamond drilling will commence in mid-November to test the extent of the mineralisation. An RC drilling campaign has also been scheduled for November to test new prospects.

FAU traded at $0.027 a share on 5 November 2020 with a market capitalisation of $14.52 million.

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