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First Gold Exploration Inc. (TSX
VENTURE:EFG - News; FRANKFURT:F12 - News) is pleased to report
the most recent drill results for the Lac Pivert/Rose project. The table
below shows the results for holes LR-10-28 to LR-10-42. Holes LR-10-28 to
LR-10-38 were drilled to test the extension of the zones toward the north,
and all intersected the mineralized zones except Hole LR-10-32. The thickness
of the zones appears to decrease toward the north, but new zones also appear
to develop. Holes LR-10-39 to LR-10-42 were drilled to the east (see hole
location map on the Company's website) to test the continuity along strike.
All four holes intersected the mineralized zone over sustained thicknesses.
On the basis of these positive results that demonstrate the continuity and
consistency of the lithium, rubidium, tantalum, beryllium and cesium values,
the Company is pleased to announce that it has expanded its drilling program
by an additional 7,500 metres to extend the surface area of the mineralized
zones and test other mineralized showings.
The new results obtained to date are as
follows:
----------------- ---------------------------------------------------------
HOLE FROM TO TRUE Li20 Rb Ta2O5 Be Cs
WIDTH ppm ppm ppm ppm
# (m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t)
----------------- ---------------------------------------------------------
LR-10-28 26.3 29.3 3 0.68 1,598 366 120 80
37.45 41 3.55 0.24 3,862 341 96 126
72.6 73.85 1.25 NSV 1,620 794 31 160
101.45 103.95 2.5 0.34 4,914 139 95 161
108.55 111 2.45 NSV 4,322 196 53 140
----------------- ---------------------------------------------------------
LR-10-29 17.85 22.7 4.85 1.17 3,006 326 89 120
35.2 37.4 2.2 0.68 1,173 287 134 91
69.75 70.65 0.9 NSV 2,630 440 23 250
74.85 75.75 0.9 0.19 7,490 1 392 27 800
97.5 99.05 1.55 NSV 1,040 244 120 50
----------------- ---------------------------------------------------------
LR-10-30 2.6 7.55 4.95 1.23 2,241 271 119 114
23.6 24.3 0.7 NSV 3,660 330 99 180
101.2 107.55 6.35 0.52 3,837 189 129 161
----------------- ---------------------------------------------------------
LR-10-31 2.55 6.6 4.05 0.9 3,874 203 118 208
84.95 88.9 3.95 0.96 2,822 187 150 110
----------------- ---------------------------------------------------------
LR-10-33 1.15 3.85 2.7 NSV 1,996 204 110 64
103.25 106.5 3.25 NSV 1,306 122 69 34
111.3 113.95 2.65 NSV 2,558 264 95 103
----------------- ---------------------------------------------------------
LR-10-34 1.7 4.35 2.65 0.51 2,369 423 108 112
33.7 34.8 1.1 NSV 1,220 354 110 110
117.05 121.2 4.15 0.27 2,411 160 98 83
----------------- ---------------------------------------------------------
LR-10-35 12.45 13.85 1.4 NSV 940 427 71 80
28.85 32.6 3.75 1.78 2,321 174 113 159
83.6 84.85 1.25 NSV 710 513 90 60
125.35 128.8 3.45 0.40 2,784 178 89 107
----------------- ---------------------------------------------------------
LR-10-36 24.45 28.25 3.8 0.97 4,181 135 80 183
38.95 40.8 1.85 0.53 4,136 431 55 207
125.5 127.5 2 1.35 3,201 208 65 117
148.5 149.9 1.4 NSV 1,840 147 41 50
----------------- ---------------------------------------------------------
LR-10-37 15.25 16.45 1.2 0.13 1,510 354 31 840
48.55 54.65 6.1 0.73 2,798 256 139 109
127.55 132.3 4.75 0.75 2,382 191 105 79
----------------- ---------------------------------------------------------
LR-10-38 50.85 52.45 1.6 NSV 990 427 29 40
58 61.85 3.85 0.53 2,813 252 126 103
137.5 146.35 8.85 1.19 3,704 129 346 159
----------------- ---------------------------------------------------------
LR-10-39 55.7 65.5 9.8 1.13 1,630 313 147 73
126.25 131.8 5.55 0.69 2,756 170 129 86
----------------- ---------------------------------------------------------
LR-10-40 12.55 14.6 2.05 NSV 1,599 180 43 84
39.1 55.8 16.7 1.24 3,532 208 161 152
108.95 114.3 5.35 0.59 2,464 365 106 172
----------------- ---------------------------------------------------------
LR-10-41 11.3 12.5 1.2 NSV 650 317 92 30
28.15 29.15 1 NSV 1440 256 125 90
38.05 43.7 5.65 1.53 3,039 299 122 112
56.8 60.5 3.7 1.12 3,524 137 133 117
65.95 67.45 1.5 NSV 980 220 164 40
109.45 111.9 2.45 NSV 3,870 321 113 322
----------------- ---------------------------------------------------------
LR-10-42 12.3 15.75 3.45 0.32 2,890 275 220 149
37.8 46.7 8.9 1.33 1,712 220 138 148
----------------- ---------------------------------------------------------
(i) 1 ppm = 1 g/t
The Lac Pivert/Rose property lies less
than 5 km from the Eastmain 1 power house. There is substantial
infrastructure already in place. An access road and a power line cross the
property within 1 km of the showings.
Information on rare metals:
Reference:
University of Croatia / Department of
Chemistry
-- http://www.ktf-split.hr/periodni/en/rb.html
-- http://www.ktf-split.hr/periodni/en/cs.html
-- http://www.ktf-split.hr/periodni/en/be.html
Rubidium Rb (average of 32 ppm in
earth's crust):
Rubidium occurs abundantly, but is so
widespread that production is limited. It is usually obtained from lithium
production, and is used as a catalyst and in photocells and vacuum and
cathode-ray tubes.
The price of 99.8 % pure rubidium metal
is 1669.80 Euros for 100 g.
Cesium Cs (average of 1 ppm in earth's
crust):
Cesium is found in pollucite
((Cs4Al4Si9O26).H2O) and as trace in lepidolite. It is used as a 'getter' to
remove air traces in vacuum and cathode-ray tubes, and in the production of
photoelectric devices and atomic clocks. Since it ionises readily, it is also
used as an ion rocket motor propellant.
The price of 99.8 % pure cesium metal is
461.80 Euros for 50 g.
Beryllium Be (average of 1.5 ppm in
earth's crust):
Beryllium is found mostly in minerals
like beryl (AlBe3(Si6O18)) and chrysoberyl (Al2BeO4). Pure beryllium is
obtained by chemically reducing beryl mineral, as well as by electrolysis of
beryllium chloride. Its ability to absorb large amounts of heat makes it
useful in spacecraft, missiles, aircraft, etc. Emeralds are beryl crystals
with chromium traces, giving them their green colour.
The price of 99.5 % pure beryllium lump
is 200.70 Euros for 50 g.
"The results are impressive. These
subhorizontal plates (zones) on surface generate consistent results, with
tantalum grades rising when lithium falls, and vice-versa. These
"plates" now cover a surface area of approximately 1,000 metres by
350 metres. The Company's goal is to increase the size of the mineralized
zones and demonstrate the economic viability of the Lac Pivert/Rose project
in the near term. We are no longer looking at just a lithium project, but
rather a "poly-rare-metal" project. This project can be
increasingly compared to Cabot Corp.'s (CBT-NYSE) Tanco mine in Manitoba,
which has been in production for over 50 years," said Eric Leboeuf,
President of First Gold.
We invite you to visit our booth at the
"World Resource Investment Conference" in Vancouver June 6 and 7,
2010. We look forward to meeting you there.
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 separation 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), a
geologist, shareholder and director 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.
Contact:
Eric Leboeuf
First Gold Exploration Inc.
President and Chief Executive Officer
514-862-6889
president@firstgoldexploration.com
www.firstgoldexploration.com |