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First Au Ltd V.FAU.H


Primary Symbol: FRSAF

First AU Limited is an Australia-based advanced gold and base metals exploration company. The principal activity of the Company is exploration for gold and other metals in its interests in mining tenements located in Western Australia and Victoria. It is engaged in pursuing exploration programs at its Victorian Goldfields Project in East Gippsland and its 100% owned Gimlet Gold project near Kalgoorlie. The Victorian Gold Project is located in the Gippsland region, which is in the historic mining area of Swifts Creek and is focused on the Haunted Stream and Snowstorm Projects. The flagship Haunted Stream Project is located in East Gippsland Victoria (340 kilometers (km) South East of Melbourne). The Company’s Gimlet Gold Project is located approximately 15 km northwest of Kalgoorlie, Western Australia EL26/174 and application M26/849 -9.6 square kilometers. The Snowstorm Prospect is located within the historic Swifts Creek Goldfields in the East Gippsland region.


OTCPK:FRSAF - Post by User

Bullboard Posts
Post by Rockdudeon May 08, 2012 8:49am
509 Views
Post# 19883479

Expect news any day now

Expect news any day now

This is an excerpt from their recent April 30 MD&A

 

CURRENT COMPANY ACTIVITY
 
The first carbon strip and resulting gold pour is scheduled for completion the first week of May. The 
Company has employed the assistance of the carbon-stripping vendor, Kappes Cassiday & Associates, 
for the commissioning of this system.
 
Mining operations are ongoing at site. The adoption of leaching has converted the mill to a zero discharge 
facility. Commissioning this system has resulted in minor shutdowns to milling operations.
 
The mine has its largest ever inventory of broken ore, with approximately 8,000 tonnes total underground and on surface which grade approximately 17 g/t. An additional 4,600 tonnes of similar grade will be blasted before the end of May 2012
Bullboard Posts