First Gold Intersects 1.15% Li2O, 173 ppm Ta2O5, 507 ppm BeO, 2,317 ppm Rb and 71 ppm Ga Over 11.6 Metres on the JR Showing
Date : 01/24/2011 @ 10:47AM
Source : MarketWire
First Gold Intersects 1.15% Li2O, 173 ppm Ta2O5, 507 ppm BeO, 2,317 ppm Rb and 71 ppm Ga Over 11.6 Metres on the JR Showing
First Gold Exploration Inc. (TSX VENTURE: EFG) (OTCQX: FGEXF) (FRANKFURT: F12) is pleased to report the latest drill results for the Lac Pivert/Rose project. The following table shows the results for holes drilled on the JR showing, which lies more than 1 km northeast of the Rose deposit. Twelve holes numbered JR-10-01 to JR-10-12 were drilled on this showing. All the holes intersected the mineralized zone; the mineralized intersections are described in a table below.
These results are significant because they are very similar to the initial results of early drilling on the Rose showing.
"This is a very important discovery for the Company, because this showing also lies on surface, and could therefore lead to a higher lithium-tantalum-beryllium-gallium-rubidium resource at the Pivert/Rose project relatively quickly and inexpensively," said Jean-Sebastien Lavallee, Interim President and Chief Executive Officer.
A map showing the location of the holes drilled on the Pivert/Rose Lithium project can be found in the Projects section of the Company's website, at www.firstgoldexploration.com.
The best results obtained to date are as follows:
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HOLE FROM TO WIDTH Li20 Ta2O5 BeO Rb Ga Cs
ppm ppm ppm ppm ppm
# (m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t) (g/t)
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JR-10-01 4.85 10 5.15 1.38 218 708 2,765 73 93
23.4 25.35 1.95 NSV 191 503 2,276 66 58
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JR-10-02 2.1 7.6 5.5 1.53 151 371 2,485 74 93
17.8 20.3 2.5 0.89 257 605 2,579 67 66
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JR-10-03 16.65 17.2 0.55 0.5 147 305 3,140 60 90
19.2 20.8 1.6 0.99 185 286 3,232 67 85
36.6 38.3 1.7 0.66 181 429 2,652 67 86
40.4 41.5 1.1 NSV 128 481 1,915 61 48
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JR-10-04 12.4 24 11.6 1.15 173 507 2,317 71 83
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JR-10-05 2.7 6.4 3.7 1.55 132 481 2,315 70 86
11 13.15 2.15 2.03 199 399 1,227 88 53
22.1 25.5 3.4 0.73 144 338 3,076 64 80
53.9 55.05 1.15 NSV 111 514 1,974 47 56
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JR-10-06 2.3 6.2 3.9 0.59 151 463 4,219 60 186
20.9 22.6 1.7 1.96 415 470 807 78 41
24.7 25.6 0.9 0.56 180 492 3,517 56 109
38.4 40 1.6 NSV 197 410 1,654 59 44
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JR-10-07 8.4 14.45 6.05 0.65 105 360 1,838 51 85
29.7 34.1 4.4 0.4 133 542 2,636 51 89
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JR-10-08 14 21.5 7.5 1.04 159 554 1,705 68 66
28 32.6 4.6 0.78 164 367 1,858 69 62
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JR-10-09 16.15 26.3 10.15 0.98 205 538 2,167 63 134
36.65 38.5 1.85 0.11 146 947 1,178 66 39
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JR-10-10 25.2 31 5.8 0.96 139 435 3,021 62 120
35.15 38.6 3.45 0.56 138 318 2,522 46 106
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JR-10-11 20.9 22.45 1.55 0.83 240 413 2,162 69 92
23.25 26.8 3.55 1.53 135 304 1,946 69 79
29.1 31.4 2.3 1.12 152 426 1,775 56 64
35.4 36.65 1.25 1.96 190 260 1,334 70 39
40.2 41.45 1.25 NSV 104 162 2,020 49 50
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JR-10-12 14.6 16.9 2.3 0.31 185 543 1,629 52 93
19 23.65 4.65 0.64 144 418 1,558 67 63
25.15 25.75 0.6 NSV 171 194 2,430 48 80
30.65 34.25 3.6 1.51 181 466 1,225 79 46
53.35 53.95 0.6 NSV 171 187 2,270 61 50
54.3 54.9 0.6 NSV 159 140 2,920 65 80
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(i) 1 ppm = 1 g/t
All the samples were sent for analysis in sealed containers to the Chemex laboratory in Val-d'Or by employees of the Company. Chemex is the laboratory used for analysis of all samples from programs on the Lac Pivert/Rose property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75 um. All samples are analyzed using ICP-MS, with full analysis for 47 elements.
Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and interim president and chief executive officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
First Gold Exploration Inc.
Jean-Sebastien Lavallee, P.Geo.
Interim President and Chief Executive Officer
819-354-5146
president@firstgoldexploration.com
www.firstgoldexploration.com
