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Fosterville South Exploration Ltd. (FSXLF) reported results from a soil sampling program across the Enoch's Point and Reedy Creek goldfields, identifying five As-Sb epizonal anomalies that indicate potential gold mineralization. The company is expanding its Walhalla Gold Belt Project by applying for two new tenements, totaling 218 km², providing a continuous strike of approximately 72 km. With over $25 million in cash, Fosterville South is well-positioned for ongoing exploration, including high-priority drilling targets in Enoch's Point and Reedy Creek.
Fosterville South Exploration Ltd. (FSXLF) has resumed diamond drilling at its Golden Mountain project in Victoria, Australia, after a temporary halt due to summer fires. The new drilling campaign aims to explore deeper levels, building on successful 2020 results, which included impressive gold assays. The company is also drilling at Lauriston and Moormbool projects while conducting fieldwork at other sites. Additionally, Fosterville South announces the resignation of James Hutton from the Board due to personal reasons and the grant of stock options for the purchase of common shares at $1.57 each.
Fosterville South Exploration Ltd. (TSXV: FSX, OTC: FSXLF) announced the upcoming drilling at the Keath's Reward target within the Lauriston Project, set to begin in the coming weeks. Land access agreements are secured, and drill targets are confirmed based on historical data. The Lauriston Project spans 600 sq km and is adjacent to Kirkland Lake Gold's Fosterville Mine. Historical mining records indicate high-grade gold potential, with significant previous production. The company is also progressing with drilling at other projects and awaits assay results from existing drill holes.
Fosterville South Exploration Ltd. (TSXV: FSX, OTC: FSXLF) announced the commencement of drilling at its Moormbool Project, focusing on a high-priority magnetic and geochemical target within the Staffordshire Flat Fault Zone. The project area is largely unexplored due to alluvial cover, but initial soil geochemistry indicates potential gold mineralization. Additionally, drilling is ongoing at the Lauriston Project, with assay results pending, and drilling is expected to start at the Golden Mountain Project soon. Exploration efforts are also underway at Reedy Creek, targeting gold mineralization.
Fosterville South Exploration Ltd. (TSXV: FSX, OTC: FSXLF) announced new gold assay results from the Enoch's Point project within the Walhalla Gold Belt. Notable samples include CR12969 at 179 g/t gold and CR13069 at 155 g/t gold. The project spans 290 km² and shows high potential for further exploration. Recently acquired 3D LIDAR data reveals a 1.7 km strike length at Londonderry. Ongoing drilling and assays indicate promising mineralization, with $30 million in cash available for continued exploration efforts.
Fosterville South Exploration Ltd. reported promising gold assay results from its drilling program at the Energetic Reefs prospect in Victoria, Australia. Highlights include a strike length of 350m with notable assays such as 1m at 9.50 g/t Au and other significant intersections. The company plans to commence drilling at Moormbool Project within 15 days and resume at Golden Mountain Project shortly after. With close to $30 million in cash on hand, Fosterville South aims for continuous exploration and a steady news flow on developments.
Leviathan Gold Ltd. announces successful completion of a $12.9 million subscription receipt financing, netting $12.1 million. The funds will facilitate immediate exploration, with trading on the TSX Venture Exchange (symbol: LVX) commencing on February 10, 2021. The company has acquired the Avoca and Timor projects from Fosterville South, which boast significant historical gold production potential. The Avoca project alone recorded 750,000 ounces of gold from alluvial deposits. CEO Luke Norman expresses optimism about the mineral systems in the region.
On February 1, 2021, Fosterville South Exploration Ltd. (FSX) announced that Leviathan Gold Ltd. received conditional approval from the TSX Venture Exchange to list common shares under the symbol LVX. With approximately $12.5 million cash on hand and drill permits in place, Leviathan is poised for immediate exploration at its Avoca and Timor projects. The listing is expected to commence on February 10, 2020, with specific share distribution terms including an escrow arrangement. Management expresses optimism about building shareholder value through exploration.
Fosterville South Exploration Ltd. (FSX, OTC: FSXLF) announced on October 14, 2020, that it received government approval for 15 additional drill pads at its Golden Mountain gold project in Victoria, Australia. This approval will enable extensive drilling for mineralization in key areas, including extensions of previously reported high-grade gold intercepts. The company has approximately CAD $28.3 million in cash and no debt, positioning it well for future projects. The COO highlighted recent successful drilling that intersected high-grade mineralization, enhancing growth prospects.
Fosterville South Exploration Ltd. (FSXLF) announced an interim order for the spinout of its Avoca and Timor properties into Leviathan Gold Corp. Shareholders will receive shares of Leviathan for every FSX share held. The annual general and special meeting to approve this resolution is rescheduled to November 13, 2020, at 9:30 a.m. in Vancouver. The arrangement, pending court approval, is expected to take effect five business days after the meeting. CEO Bryan Slusarchuk highlighted the company’s robust cash position of CAD $28.3 million and ongoing exploration efforts with promising drilling results.
