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 > Fosterville

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Comment by Quintessential1on Apr 29, 2023 7:36am

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Post# 35420606

RE:RE:Fosterville

Bryan: FSX continuing with Fosterville but moving fast on PNG.

GLTA

Quintessential1 wrote: Well 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 .