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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
Comment by JohnEStromJron Dec 07, 2011 1:49pm
248 Views
Post# 19299982

RE: RE: inspectorx & FastTrade,: no worries here -

RE: RE: inspectorx & FastTrade,: no worries here -Hi Gaberlunzie,

From what I have read [correct me if wrong] Richard Goodwin worked for the lab doing Fire River's assays and other work. He should have known the problems with arsenic and bismuth and been prepared to deal with it. We've had a lot of glowing drill reports - not so many lately which is a concern - and the fact Fire River was a going concern that the previous owners let go for next to nothing. In other words, they walked, and Richard Goodwin took over as President and COO but he seems to have zero experience in running a gold mining operation. Not much we can do but he sure hasn't delivered the goods. He IS an expert in writing up glowing news releases and that's just about it in my opinion. Too much hype and not much delivering of the gold.
Bullboard Posts