LAVAL, QUEBEC--(Marketwire - Aug. 5, 2010) - 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:
| HOLE |
FROM |
TO |
TRUE WIDTH |
Li20 |
Rb |
Ta2O5 |
Be |
Cs |
Ga |
| # |
(m) |
(m) |
(m) |
(%) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
ppm (g/t) |
| 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 |
| 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 |
| LR-10-53 |
2.2 |
18.2 |
16 |
1.54 |
3094 |
154 |
141 |
105 |
70 |
| LR-10-54 |
1.25 |
8.05 |
6.8 |
0.81 |
3643 |
308 |
174 |
137 |
73 |
| LR-10-55 |
1.9 |
9.85 |
7.95 |
0.7 |
3107 |
127 |
109 |
133 |
65 |
| 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 |
| 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 |
| LR-10-58 |
3.35 |
15.55 |
12.2 |
0.8 |
4125 |
153 |
119 |
183 |
64 |
| LR-10-59 |
STILL PENDING |
|
|
|
|
|
|
|
| LR-10-60 |
34.25 |
48.7 |
14.45 |
1.24 |
2206 |
148 |
129 |
93 |
76 |
* 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.