Fosterville South Exploration Ltd V.FSX

Primary Symbol: FSXLF

Metals & Mining Gold

Fosterville South Exploration Ltd. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties in Australia. The Company’s properties include Lauriston Gold Project, Golden Mountain Project, Moormbool Project, Providence Project, Walhalla Gold Belt Project, and Beechworth Project. The Lauriston Gold Project is located in the central part of the State of Victoria, Australia. The Golden Mountain Project is located in the central part of the State of Victoria, Australia, situated approximately 150 kilometers (km) northeast of Melbourne. The Moormbool Project area consists of three granted licenses such as EL006280, EL006913, and EL007193. The Providence Project consists of one license, EL007052 that covers the Reedy Creek goldfield and the Big Ben prospect area. The Walhalla Gold Belt Project has one granted tenement and seven tenement applications. The Beechworth Project is located in Victoria, Australia.

OTCQX:FSXLF - Post by User

Fosterville South Exploration Ltd > IMPORTANT POINTS IN JULY 29 2020 NEWS RELEASE

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Post by makesenceon Jul 29, 2020 11:20am

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Post# 31337243

IMPORTANT POINTS IN JULY 29 2020 NEWS RELEASE

Impressive results today. Thank you FSX for great work.

IMPORTANT POINTS IN JULY 29 2020 NEWS RELEASE

1-Fosterville South is also pleased to announce that it has staked (exploration tenement applications) an additional 404 sq km contiguous with and immediately to the east of the Company's Golden Mountain project tenements, as to cover off all of what the Company believes is the geologically prospective ground in the immediate area.

2-These initial high-grade gold assays from Golden Mountain are indicative of the quality of the properties within Fosterville South and we look forward to keeping investors up to date as we progress on the ground on all fronts."

3-For the Golden Mountain central vertical mineralised zone, the true widths for GMDH27 and GMDH28 are approximately half of the down hole intervals presented in the table. The assays are not capped.

HoleID	East	North	Azimuth	Dip	From	To	Interval	Au g/t	End of Hole
GMDH26	400315	5911920	224	-60	91.8	97.6	5.8	18.14	72
*Includes*					93	*97.6*	*4.6*	*22.68*
GMDH27	400305	5911900	267	-56	83	88	5	1.65	130
*Includes*					83	84	1	*6.25*
GMDH28	400318	5911928	277	-60	118.6	158.1	39.5	7.25	185
*Includes*					*124* *137.85*	*134.56* *148.45*	*10.56* *10.60*	*8.63* *17.11*

MY understanding: ***VERY IMPORTANT: Note that grade from 137.85 M to 148.45 M is higher 17.11 g/T or .55 ounce/T
(grade is richer further down) It will be interesting to find out the grade in the bottom half of hole GMDH28.***

Kirkland Lake found 3 once Au/T near 800 Meters so let’s keep this in mind that as the drill gets lower it could deliver much higher grades. IF IT DOES then it will be a major game changer.

No wonder FSX staked an additional 404 square km of Golden Mountain project tenements. Very smart management at the help of FSX. Great job.

Exciting time for FSX ahead.

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