First Au Ltd (ASX:FAU) is demonstrating the prospectivity of its Victorian Goldfields Project with strong results from a suite of sampling and drilling programs across its Dogwood, Haunted Stream and Snowstorm prospects.
FAU completed targeted face and surface sampling and structural mapping across the underground development at the Haunted Stream Prospect to refine drill targets, yielding sample assays of up to 135 g/t gold.
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Face sampling from Ernestine (Haunted Stream) underground and open pit section view to the east with interpreted geology.
The company is encouraged by these results, which point to a potential down-plunge component of the gold system beyond the shallow, historical mining depths of about 100 metres.
Rock chip samples returning results up to 74.54 g/t gold from a sub-cropping quartz-sulphide reef at Snowstorm also elevated the area to a critical, high-priority target for further exploration, not far from its own set of historical workings to the south.
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High-grade gold sample location VR5001 plotted against track, drilling, and historical rock-chip sampling (Snowstorm)
Dogwood drilling progress
First Au also completed a 2,000-metre, 14-hole maiden diamond drilling program at the Dogwood porphyry copper-gold prospect.
The program targeted points of interest generated from historical drilling, surface geochemistry signatures, magnetics and induce polarisation chargeability, and resistivity anomalies.
FAU says it’s encouraged by initial core observations, and the first batch of samples have been logged, sampled and sent to the lab, with results pending.
Variable sulphide mineralogy in drill core from Dogwood, including chalcocite, chalcopyrite and pyrite sulphides.
About First Au
First Au is an Australian-based exploration company with gold and base metal projects in Victoria, Western Australia and South Australia.
The company intends to leverage an experienced team using modern exploration ideas and techniques in strategic ground positions to make a major mineral discovery.
