OTCQX:FSXLF - Post by User
Post by
savinfamilyon Jul 31, 2021 11:22pm
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FSX on Stockwatch gold summary, July-30
FSX on Stockwatch gold summary, July-30Bryan Slusarchuk's Fosterville South Exploration Ltd. (FSX) lost two cents to $1.02 on 567,000 shares on word that it has sampled rock assaying up to 145 grams of gold per tonne at its Providence project in Victoria, Australia. There were several other noteworthy hits, including 112 grams per tonne and 94 grams per tonne, to whet the market's appetite, although investors appear sufficiently sated by news elsewhere to avoid hopping on the chip-sample bandwagon prematurely. Mr. Slusarchuk, CEO, was nevertheless an eager rider, although his enthusiasm stems from the company's "acceleration and ramping-up of concurrent drilling on multiple Fosterville South projects," not the latest samples. He says that, because of the company's many preparations, it is "well positioned to grow the current drill program at various targets into an increasingly larger drill program" -- which presumably sinters to "we will do more drilling."