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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 Gaberlunzieon Dec 27, 2011 7:22pm
285 Views
Post# 19353226

RE: FAU - 43-101? What happened?

RE: FAU - 43-101? What happened?

I share your view in wondering how any group of direcrors could feel they were acting responsibly in approving mine start-up without proven ore reserves. We need to hear from them. The previous operator's experience demonstated that the ore is difficult to block-out, mine and treat. One feature seldom mentioned is the presence of soltion cavities in the ore down which, after rain, surface water passes on is way to the water table. These openings should have been mapped so their downward projections can be plotted on maps. I dont see them on anything in press releases. I've not been near the mine but do read what I can about it. My sense is that there has been a lot of incompetant work done here. Perhaps I am wrong but the evidence is suggestive. Warnings and suggestions in the 43-101 reports appear to have been ignored.   

Bullboard Posts