First Au Ltd V.FAU.H

Primary Symbol: FRSAF

Metals & Mining Industrial Metals & Minerals

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.

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First Au Ltd

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Post by tentongoldon Jul 28, 2010 9:21pm

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Post# 17305351

With the tight spacing between holes

At these high grades over these lengths..with a near unbroken string of mineralization between holes, its not hard to put together how the previous owners were able to keep average production costs at US$266 per gold ounce previously in this camp.
What has gone before is showing continuation in the same capacity with no defined end zone or dis-continuance as of yet in any direction.

......29 remaining holes pending with a new 28000 meter drill program just underway. .

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