Exploring For Historical Gold Mineralisation Areas
First Energy Metals Ltd (CSE: FE) has completed initial exploration work at its Kokanee Creek and Independence Gold Properties located in south-eastern British Columbia, Canada. The work included prospecting to locate historical mineralisation areas, surface sampling, and mapping of historical gold mineralisation veins and structures.
The company recently optioned the two gold properties located in British Columbia. The Kokanee Creek gold property consists of three mineral claims covering approximately 1,590.29 hectares in the Nelson Mining Division. The Independence gold property consists of two mineral claims totalling 1,099.43 hectares.
Both properties are in a very active area with several historical and current gold, silver, and base metal mines located in the region.
In its recent maiden programme at the properties, a total of 45 grab rock / sediment samples were collected from various outcrops and mineralised areas mentioned in the historical exploration work reports. The samples have submitted to ACME Analytical Laboratories in Vancouver, BC and the results are expected in four to six week’s time.
During fieldwork at the Kokanee Creek Property, a mineralisation area with two kilometres by 500 meters dimensions was targeted where historical drilling in 1997 returned encouraging gold, silver, lead or zinc mineralisation at shallow depths. The company has filed a drill permit application using BC online mine permitting system and timing of drilling work will depend upon permit approval.
First Energy is currently undertaking a non-brokered private placement to raise C$500,000. The proceeds will be used for exploration and development of company’s mineral properties and general working capital.