First Gold Exploration Inc.: Lithium Discovery Grading Up to 3.01% Li2O
LAVAL, QUEBEC -- (Marketwire) -- 11/16/10 -- First Gold Exploration Inc. (TSX VENTURE: EFG)(FRANKFURT: F12)(OTCQX: FGEXF) is pleased to report the results for grab samples taken from three new zones discovered to the south of the Pivert showing. The three new pegmatite dikes containing significant quantities of spodumene have returned significant lithium, grading 3.01% Li2O, 2.14% Li2O and 1.44% Li2O. The three pegmatite dikes are located approximately one kilometre south-southeast of the Pivert showing. The Helico showing has been traced over approximately 120 metres, the Pivert South showing over approximately 30 metres and the Pivert East zone over about 25 metres. The results are significant as they demonstrate the strong potential for the discovery of new mineralized zones, and establish new drill targets that could add substantially to the resource on the Pivert Rose project.
A crew is presently on the property carrying out channel sampling on the three showings.
A map showing the location of the three showings and grab samples is posted on the Company's website, at www.firstgoldexploration.com.
Grab sample location and results:
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Outcrop Sample # Estrant Nordant Outcrop length (m)
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Indice Helico 739001 423097 5765779 120
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Lac Pivert Sud 739002 423099 5765967 30
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Lac Pivert Est 739003 423285 5766242 25
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Sample Li20 Rb Ta2O5 Be Cs Ga
Number (%) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t) ppm (g/t)
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739001 3.01 380 134 113 50 148
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739002 1.44 2660 76 206 103 109
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739003 2.14 520 40 184 30 70
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1 ppm = 1 g/t
In Addition, the drilling performed to date on Hydro and JR showing, never drilled before, have returned numerous mineralized intersections with spodumene, up to 12 meters along the drill core.
The Company wishes to announce that, given all these positive results, drilling on its Pivert/Rose project will continue throughout 2010 and 2011. A program of at least 15,000 metres of drilling is planned to increase the size of the Rose showing and outline new resources on the other property showings (Hydro, JR, Pivert, Pivert East, Pivert South and Helico).
Jean-Sebastien Lavallee (OGQ #773), geologist, shareholder and president and chief executive officer by interim 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
jslavallee@consul-teck.com
www.firstgoldexploration.com