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.

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Fosterville South Exploration Ltd > Drilling Permits Lauriston

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Comment by arh0070on Oct 14, 2020 10:09am

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Post# 31713370

RE:Drilling Permits Lauriston

I own or have owned several exploration companies in this general area of Victoria around the Fosterville mine .One of them an Aussie company called Kalamazoo is waiting for drilling approval on its project South of the mine ,they havent got it yet .Comment by their CEO at the diggers conference in Perth within the last few days references how difficult it is to get drilling permits from the Government of Victoria(which of course is socialist and anti mining ) .I think that must be the holdup with Lauriston.Fosterville in its news release specifically references that the new drilling locations are in areas of prior soil disturbance and tracks so I think this component of the drilling was fast tracked at Golden Mountain for that reason .If it wasnt for all the revenue that the Fosterville mine generates for the state of Victoria I think the Socialists would be even more anti drilling but they desperately need the revenue .

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