First Au Limited (ASX:FAU) announced that the RC drilling is ongoing at the flagship Gimlet gold project. The program will drill over 1,800 to 2,000 metres to test priority targets identified from the recent IP and SAM geophysical surveys. The program will also test structural targets from the previous diamond drilling program within the resource area.
The RC drilling program will be shortly followed by the government EIS co-funded diamond drill hole at Gimlet which targets the gold mineralisation below 500 metres.
First Au traded at $0.029 a share on 12 November 2020 with a market capitalisation of $16.14 million.