RE:FostervilleWell they found gold in Fosterville. Lots of it.
My interpretation is that they are going to use the shallow drilling teams of Fosterville to do the cheaper shallow exploratory drill of Papua and use the resultant finds and possible leveraging of those assets to fund the deeper expensive drilling of Fosterville unless some savvy gold producer that has been increasing their reserves in their own Fosterville mine does not buy them out first.
GLTA
arh0070 wrote: I would interpret all this as meaning they havent found anything too significant around Fosterville.Lack of drilling news and buying land elsewhere in Papua.I wouldn't be surprised to see the opposite ,Agnico selling Fosterville and getting out of Australia to focus on Malartic and Detour lake .