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
PRESS RELEASE
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
JANUARY 24, 2011 – LAVAL, QUEBEC – First Gold Exploration Inc. (TSX-V: EFG) (US OTCQX: FGEXF) (FSE: 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-Sébastien Lavallée, 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:
| HOLE | FROM | TO | TRUE WIDTH | Li20 | Ta2O5 | BeO | Rb | Ga | Cs | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # | (m) | (m) | (m) | (%) | ppm (g/t) | ppm (g/t) | ppm (g/t) | ppm (g/t) | ppm (g/t) | |||||||||
| 4.85 10 5.15 1.38 218 708 2,765 73 93 JR‐10‐01 23.4 25.35 1.95 NSV 191 503 2,276 66 58 | ||||||||||||||||||
| 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 | ||||||||||
| 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 JR‐10‐03 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 | ||||||||||||||||||
| JR‐10‐04 | 12.4 | 24 | 11.6 | 1.15 | 173 | 507 | 2,317 | 71 | 83 |
| 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 JR‐10‐05 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 8.4 14.45 6.05 0.65 105 360 1,838 51 85 JR‐10‐07 29.7 34.1 4.4 0.4 133 542 2,636 51 89 | |||||||||
| 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 | |
| 16.15 26.3 10.15 0.98 205 538 2,167 63 134 JR‐10‐09 36.65 38.5 1.85 0.11 146 947 1,178 66 39 | |||||||||
| 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 | |
| 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 JR‐10‐11 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 | |||||||||
| 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 |
- 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 μm. 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.
For more information, contact:
Jean-Sébastien Lavallée, P.Geo.
Interim President and Chief Executive Officer 819-354-5146 [email protected] www.firstgoldexploration.com
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.