Fosterville South Reports 152 g/t Gold Assay From Star of Gl
https://www.newswire.ca/news-releases/fosterville-south-reports-152-g-t-gold-assay-from-star-of-glen-sampling-program-at-golden-mountain-project-808692762.html VANCOUVER, BC, Nov. 6, 2020 /CNW/ - Fosterville South Exploration Ltd. ("Fosterville South" or the "Company", (TSXV: FSX) (OTC: FSXLF) (Germany: 4TU) is pleased to announce high grade assays of up to 152g/t gold in rock chip samples at the Star of the Glen target on the Golden Mountain Project, which is a target approximately 4km south east of where drilling is ongoing at the main target area on the project (see Table 1.0). Highlights: High-grade rock chip samples of up to 152 g/t Au at Star of the Glen Drill application for at least 900 metres at Star of the Glen prepared and being submitted Access is secured at Star of the Glen with a private landholder agreement in place Drilling ongoing at main target area at Golden Mountain In 2019, Fosterville South carried out an initial sampling program at Start of the Glen over 500m of strike with one result at 24.8 g/t Au from a waste dump. Now, follow up sampling has returned high grade assays of 152 g/t Au, 22.4 g/t Au and 15.2 g/t Au from laminated and brecciated quartz veined rocks. These samples also carried up to 0.6% Sb (antimony) confirming they are epizonal type mineralisation. Landowner negotiations have been completed and an Access Agreement has been registered with the state government department Earth Resources & Regulations, thus allowing Fosterville South to apply for a drilling permit. Fosterville South Chief Operating Officer, Rex Motton, states, "Star of the Glen is an unexplored high-grade gold prospect, which is only four kilometres south east of our main prospect at Golden Mountain. Fosterville South will incorporate this newly proposed drill program into its current exploration operations." Drilling the main target area at Golden Mountain is ongoing and new permits were recently received to drill from multiple newly approved drill pad locations to target expansion of the mineralised zones, which remain open along strike and at depth. Table 1.0 Summary of Rock Chip Samples Sample Sample Type Description Au g/t UTM E UTM N Situation SGR15 rock Laminated ferruginous quartz 152.0 402,942 5,908,647 Trench mullock SGR02 rock Laminated ferruginous quartz 22.4 403,006 5,908,661 Shaft mullock SGR14 rock Brecciated ferruginous quartz 15.2 402,923 5,908,635 Trench mullock Quality Assurance / Quality Control All assays were subject to quality control measures appropriate for reconnaissance rock chip sampling with duplicates, blanks and commercially available standards with the expected results from the samples submitted. All assays were conducted by Onsite Laboratory Services Ltd (ISO: 9001), located in Bendigo, Victoria, using fire assay techniques with a 50g charge and AAS finish. The quality control results are consistent.