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 > Well that was nice while it lasted!

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Comment by Lafajeton Aug 20, 2021 2:56pm

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Post# 33740892

RE:RE:RE:RE:RE:Well that was nice while it lasted!

FSX has been using RC drilling in Reedy Creek (reverse circulation). The depth are generally limited to 300-600m but cost effective and often used in intial exploration. RC drilling is popular in Australia due to limited access of water, besides the drill procedure is straight forward, takes short time, and with good accuracy in results. My guess is that they will continue with the same rig, but drill in stepouts, possible in different angles at the same or close location. Just my opinion.

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Record Q3: Equinox Gold achieves commercial production at Greenstone Mine