leadf
logo-loader
viewFirst Au Ltd

First AU begins 3D induced polarisation survey at Gimlet Gold Project in WA

FAU is an advanced gold and base metals exploration company pursuing a well-funded and aggressive exploration program at its Gimlet Gold project and Talga project.

First Au Ltd - First AU begins 3D induced polarisation survey at Gimlet Gold Project in WA
The results from this survey are anticipated in within the next month

First AU Ltd (ASX:FAU) has started a 3D induced polarisation (ID) survey at the Gimlet Gold Project near Kalgoorlie, Western Australia.

The results from this survey are anticipated within the next month and, pending positive results, the company would then proceed with further drilling.

The company intends for the survey to reveal the following outcomes:

  • IP anomalism down-dip of the known mineralisation at Gimlet, which would assist in planning the government-funded diamond drill hole announced in November 2019 as well as any for any other future RC/ diamond drilling within Gimlet; and
  • Along strike or parallel IP anomalism to the Gimlet deposit, which would provide new drill targets with the potential of representing new ore bodies.

Expanded footprint in Kalgoorlie region

FAU has recently expanded its footprint in the Kalgoorlie region with a tenement application within close proximity to its White Flag Tenement E 24/215.

Tenement Application E 16/542 is dominated by clastic sandstones and conglomerates of the Archean Kurrwang Formation.

The contact between the underlying Black Flag Group and these overlying late basin sediments hosts several deposits in the Kalgoorlie Terrane, including the Invisible Deposit at St Ives, Kambalda.

Tenement Application E 16/542 also runs parallel to the Zuleika shear zone, which contains the Northern Star Resources' (ASX:NST) Kundana Gold camp. 

Quick facts: First Au Ltd

Price: 0.019 AUD

ASX:FAU
Market: ASX
Market Cap: $7.88 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Time to strike for Newmark Security 'with clock hardware as a key business...

Proactive Analyst Ed Stacey takes the time to delve into the business model of Newmark Security (LON:NWT) which specialises in products and services in the security and data sectors. Stacey explains the company's operating divisions, which are People & Data Management as well as Physical...

1 hour, 27 minutes ago

2 min read