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Fosterville South Exploration Ltd.
Summary
| Project: | Golden Mountain | |
|---|---|---|
| Deposit: | Golden Mountain | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/19/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2020: Fosterville South Exploration Ltd. announces an Exploration/Drilling Update report for its Golden Mountain deposit at the Golden Mountain project. Drilling results incl. 26m @ 3.82g/t Au from 40m. VANCOUVER, BC, June 19, 2020 /CNW/ - Fostervill | |
| Resources: | x | |
| CP/QP: | [Overall Report] Rex Motton (Internal) | |
| ABSTRACT: | VANCOUVER, BC, June 19, 2020 /CNW/ - Fosterville South Exploration ("Fosterville South") or (the "Company") (FSX – TSXV, FSXLF – OTCQX, 4TU – Germany) is pleased to provide assays from multiple wide intercepts of high-grade gold near surface from initial shallow scout drilling at the recently commenced Golden Mountain drilling program. Highlights: Diamond (core) drilling has commenced and is designed to test main target area. Shallow scout drilling has returned multiple wide intersections including high grade gold near surface. High-grade gold intercepts occurring within a newly identified Northern zone via this scout drilling. Core drilling has commenced and is ongoing at the Golden Mountain project with initial assay results from core drilling expected during the next 30 days. In the meantime, a series of shallow scout holes have resulted in the discovery of a new North zone on the project, with initial near surface drill holes in this new zone intersecting multiple wide intervals of high-grade gold. Results from this initial near surface percussion drilling are summarized below (Table 1.0) and include 2 metres at 10.78 g/t Au within a total intercept of 20 metres at 2.12 g/t Au in hole GMP 11 (from 32 metres) and 18 metres at 5.34 g/t Au within a total intercept of 26 metres at 3.82 g/t Au in hole GMP 13 (from 40 metres). GMP 6 included 3 metres at 5.36 g/t Au and GMP 14 included 7 metres at 3.57 g/t Au. Drill holes GMP01, GMP08, GMP12 & GMP13 all ended in significant gold mineralisation. | |
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