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.

OTCPK:FRSAF - Post by User

First Au Ltd

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Comment by tentongoldon Apr 06, 2011 8:52pm

417 Views

Post# 18396543

RE: RE: Today....

Nowhere does it say 6 grams per tonne over 46 meters in the release . What i have said is the highlight of today's release is consistent with 6 grams per tonne over 46 meters. The bulk tonnage of today's best assay being lower and more economical to mine.

That was merely a quick reference figure to give a general comparison of an assay where grams are high and lengths are short consistent to an assay where the grams are low but over greater lengths with bulk tonnage obviously being greater over greater lengths.

Most investors should know that an assay of 5g/t gold over 40 meters is the standard point of a good assay becoming a great assay.

Making the calculation that bears a consistent equation from one to the other and using this standard helps to give a quick reference to the level of any gold assay's significance.

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