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First Gold Exploration Inc.: 1.50% Li2O, 2,755 g/t Rb, 290 ppm Ta2O5 and 155 g/t Be over 13.40 metres
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LAVAL, QUEBEC--(Marketwire - Feb. 8, 2010) - First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12) is pleased to report the best drill results to date on its Lac Pivert/Rose property. Hole LR-09-07 returned grades of 1.50% Li2O, 2,755 g/t Rb, 290 ppm Ta2O5 and 155 g/t Be over 13.40 metres, and Hole LR-09-09 returned grades of 1.46% Li2O, 3,257 g/t Rb, 228 ppm Ta2O5 and 132 g/t Be over 12.1 metres. The Company is also adding the highly-anticipated tantalum results for previously-reported holes. Intersection values are all above 200 ppm or 200 g/t Ta2O5. The following table shows the all the results obtained to date.
RESULTS ARE AS FOLLOWS:
------------------------------------------------------------------------
HOLE FROM TO LENGTH TRUE Li20 Rb Ta2O5 Be
WIDTH
------------------------------------------------------------------------
No. (m) (m) (m) (m) (%) ppm ppm ppm
(g/t) (g/t) (g/t)
------------------------------------------------------------------------
LR-09-02 4.4 11.1 6.7 4.74 1.03 2,923 286 128
including 6.3 10.7 4.4 3.11 1.40 2,245 260 129
72.2 75.8 3.6 2.55 NSV 1,572 237 62
------------------------------------------------------------------------
LR-09-03 2.2 8.6 6.4 4.55 0.70 1,982 341 121
including 2.2 5.8 3.6 3.12 1.20 2,271 284 113
76.2 80.5 4.3 3.72 0.10 2,217 200 79
------------------------------------------------------------------------
LR-09-04 22.75 28 5.25 3.89 1.25 2,224 greater
88.9 94.5 5.6 3.12 0.93 1,170 than
100 116
greater
than
100 83
------------------------------------------------------------------------
LR-09-05 0.2 3.4 3.2 2.77 0.88 3,071 greater
than
100 100
------------------------------------------------------------------------
LR-09-06 14.6 21.6 7 4.95 1.35 3,565 223 110
------------------------------------------------------------------------
LR-09-07 13.9 27.3 13.4 9.48 1.5 2,755 290 155
------------------------------------------------------------------------
LR-09-08 15.9 28.8 12.85 9.09 1.05 3,108 237 96
including 16.35 25.35 9 6.37 1.43 2,828 253 95
87.9 94.75 6.85 5.93 0.42 1,243 328 139
------------------------------------------------------------------------
LR-09-09 19.45 31.5 12.05 8.52 1.46 3,257 228 132
------------------------------------------------------------------------
LR-09-10 24 37.5 13.5 9.55 1.25 3,558 218 126
including 24 33.2 9.2 6.51 1.42 4,089 220 137
------------------------------------------------------------------------
1 ppm equals 1 g/t
Tantalum results that exceeded the maximum analysis limit and results for the other zones sampled are still pending.
A map of sections posted on First Gold's website at www.firstgoldexploration.com (under Pivert/Rose Lithium in the Projects section) shows the zones mineralized from surface to a depth of 75 metres, as well as widths and lengths.
At this stage, everything points to an open pit project on the Lac Pivert/Rose property, given the mineralized zones on surface.
USGS information on tantalum:
http://www.firstgoldexploration.com/PDF/Tantalum.pdf
USGS information on beryllium:
http://www.firstgoldexploration.com/PDF/Beryllium.pdf
USGS information on rubidium:
http://www.firstgoldexploration.com/PDF/Rubidium_info_vsjs.pdf
USGS information on lithium:
http://www.firstgoldexploration.com/PDF/Lithium.pdf
The Company has now received $1,230,355 from the exercise of warrants and options in recent months, and is in an excellent financial position to meet its commitments for 2010.
The Lac Pivert/Rose 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 micronsm. All samples are analyzed using ICP-MS, with full analysis for 47 elements.
The Company is also reporting that its drilling program on its Matchi-Manitou base metals property has been completed. Some drill samples have been sent for analysis. This program was aimed at testing a large geophysical anomaly. First Gold is in the process of acquiring up to 72% of this property by spending $300,000 on exploration.
The Company is also pleased to announce that it has approved and signed the option agreement with Cansim Minas, owner of the San Francisco Javier property in the state of Guerrero, Mexico (see press release dated November 9, 2009). An exploration crew is already on the property to prepare a drilling program. The Company is proud to announce that Richard Simpson, formerly the field geologist for Normabec Mining Resources and the person in charge of the Real De Cartoce property (sold to First Majestic FR-TSX-V), has been hired to develop the silver property.
First Gold Exploration is also issuing a reminder that it will hold its annual meeting at the Saint-James Club at 1145, rue Union, Montreal, Quebec, on Wednesday, February 10 at 2 p.m.
Jean-Sebastien Lavallee (OGQ #773), a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release. Mr. Lavallee has over 15 years of exploration experience in Canada, having worked as a consultant for numerous exploration companies through Consul-Teck Exploration Inc.
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.
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