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Fosterville South Exploration Ltd V.FSX


Primary Symbol: FSXLF

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

Post by savinfamilyon Aug 20, 2021 5:53pm
317 Views
Post# 33743925

FSX and the WATER BALANCE (following Lafajet post)

FSX and the WATER BALANCE (following Lafajet post)
Lafajet wrote: 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..


Genious point, Lafajet ! The limited acces of water is, in fact, one of the great assets of FSX here. The current reconnaisance drilling stage is maybe more difficult, but the more we're going ahead towards next drilling phases, development stage and, later, the production, the more lack of water will become an advantage. WATER BALANCE is an essential factor in mining industry. That's why, amont others, the australian mines are so profitable. 

Take this Robert Freedman quotes: “It's very dangerous to build a mine wherever you have a positive water balance. You've probably never thought about this, but the positive water balance is where rainfall and snow exceeds evaporative loss. So if you go to Brazil and you see all that endless jungle, that looks like broccoli from an aircraft, it's raining more than it's evaporating. So if you build a tailings pond - that's the waste from the mining - you have to guarantee the integrity of that tailings pond in perpetuity. And that's a long time.”

Who is Robert Friedland ?
Maybe the most discreet and the most important billionairie in mining industry. 

What is world's WATER BALANCE image ? Where is FSX positionated ? Where are its pairs ?
Water balance coefficient computed as the difference between annual... | Download Scientific Diagram
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