First Gold Intersects 1.24% Li2O, 2,206 g/t Rubidium, 148 ppm Ta2O5, 129 ppm Beryllium, 76 ppm Gallium and 93 ppm Cesium Over 14.45 Metres in Hole LR-10-60
LAVAL, QUEBEC -- (Marketwire) -- 08/05/10 -- First Gold Exploration Inc. (TSX VENTURE: EFG) (FRANKFURT: F12) is pleased to report the most recent drill results for the Lac Pivert/Rose project. The table below shows the results for holes LR-10-47, LR-10-51 and LR-10-53 to LR-10-60 drilled to test the extension of the zones to the east. All these holes intersected mineralized zones over consistent thicknesses. These positive results demonstrate the continuity and consistency of the lithium, tantalum, rubidium, beryllium, gallium and cesium values.
The drilling program is continuing and is presently on drillhole # LR-10-102. LR-10-102 has cut through a zone that measures more than 18 metres in thickness. This drillhole is located 250 meters to the East of the drillhole no LR-10-50 that had values of 1.29% Li2O, 2565 g/t Rubidium, 245 g/t Ta2O5, 148 g/t Beryllium, 123 g/t Cesium and 67 g/t Gallium over 14 meters
The map showing the location of the holes is posted on the Company's website at www.firstgoldexploration.com or at the following link: http://media3.marketwire.com/docs/DrillhollStructureRose.pdf
The new results obtained to date are as follows:
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TRUE
HOLE FROM TO WIDTH Li20 Rb Ta2O5 Be Cs Ga
ppm ppm ppm ppm ppm
# (m) (m) (m) (%) (g/t) (g/t) (g/t) (g/t) (g/t)
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LR-10-47 52.3 59.8 7.5 0.89 4019 258 138 160 65
136.5 138.55 2.05 0.63 1381 430 105 87 71
140.1 145.3 5.2 1.35 2634 178 177 125 89
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LR-10-51 41.45 43.15 1.7 0.01 2523 244 200 104 60
LR-10-51 48.05 49.1 1.05 0.17 3354 476 86 201 83
LR-10-51 54.45 63 8.55 1.15 3921 170 108 193 63
LR-10-51 74.65 81.05 6.4 0.98 2860 174 138 128 75
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LR-10-53 2.2 18.2 16 1.54 3094 154 141 105 70
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LR-10-54 1.25 8.05 6.8 0.81 3643 308 174 137 73
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LR-10-55 1.9 9.85 7.95 0.7 3107 127 109 133 65
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LR-10-56 2 10.1 8.1 1.19 2803 217 127 112 73
LR-10-56 15.75 19.15 3.4 0.23 2269 185 125 114 71
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LR-10-57 0.6 6.95 6.35 1.65 4127 195 100 126 84
LR-10-57 20.1 23.4 3.3 0.48 2570 98 87 227 69
LR-10-57 31.65 34.3 2.65 0.47 1983 160 159 88 66
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LR-10-58 3.35 15.55 12.2 0.8 4125 153 119 183 64
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LR-10-59 STILL PENDING
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LR-10-60 34.25 48.7 14.45 1.24 2206 148 129 93 76
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(i) 1 ppm = 1 g/t
INFORMATION ON RARE METALS
Reference:
www.asianmetal.com (based on the most recent purchase contracts for July 2010)
Lithium Oxide with conversion of the Li2CO3 (Lithium Carbonate) price - Li2O
US $15.01/kg or per 0.10%
Tantale (Oxide) - Ta2O5
US $226.50/kg or $0.226 per ppm/gram
Gallium - Ga
US $440.00/kg or $0.44 per ppm/gram
Other:
Beryllium - Be
Moyenne de US $500.00/kg or $0.50 per ppm/gram
(Source: IBC Advanced Alloys)
Rubidium - Rb
US $740.00/kg or $0.74 per ppm/gram
(Source: USGS, sale of a large quantity from the Tanco mine (CBT-NYSE) when
there was more information on transactions, 1980 to 1991)
Cesium - Cs
US $690.00/kg or $0.69 per ppm/gram
(Source: USGS, sale of a large quantity from the Tanco mine (CBT-NYSE) when
there was more information on transactions, 1980 to 1991)
For calculation purposes:
1 ppm = 1 gram
0.10% = 1 kg
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.
Contacts:
Jean-Sebastien Lavallee
819-354-5146
jslavallee@consul-teck.com
www.firstgoldexploration.com