The results of recent drilling have highlighted the potential of the Gimlet Gold Project (“Gimlet”), located just 15km from Kalgoorlie, to host appreciable gold mineralisation.
Gimlet is one of three projects held by the recently re-listed First Au Limited (ASX: FAU, “First Au” or “the Company”, previously Public Holdings (Australia) Ltd), with the others being highly prospective precious and base metals tenements in the Pilbara region of Western Australia, with all being vended in by well known and respected prospectors Denis and Damon O’Meara.
Drilling at Gimlet, which is adjacent to and along strike from Intermin Resources’ (ASX: IRC, “Intermin”) 289 koz Teal Gold Camp, commenced immediately after the re-listing in June 2018, and has shown that the mineralisation recently mined in an open cut by Intermin continues into the Company’s property. The work by First Au has delineated ~500 m strike of both a supergene blanket and underlying steeply dipping shear hosted gold mineralisation, with these open along strike to the north and to the south into Intermin’s tenement. The drilling has also intersected some bonanza grades, including 4 m @ 393 g/t Au in fresh vein mineralisation. Further drilling is planned at Gimlet in early 2019, with ongoing results then to be used in an initial Mineral Resource Estimate (“MRE”).
