Dear Fellow Shareholders of Fosterville South Exploration Ltd., With gold equities volatile as of late, we thought an update to shareholders timely, to provide a recap on recently announced fundamental progress and providing detail on the upcoming spinout transaction involving the Avoca and Timor projects. Firstly, our treasury and balance sheet are very strong, with approximately $28.5 million cash on hand and no debt [...]
Fosterville South Exploration Ltd. is pleased to announce that it has acquired the Baynton exploration license application . The Baynton EL application covers an area of 119 square kilometres and adjoins the south eastern border of the Kirkland Lake, Fosterville Gold Mine tenements. The new tenement is contiguous with the Kirkland Lake boundary for 28 kilometres and expands Fosterville South's property to 43 kilometres of [...]
Fosterville South Exploration Ltd. is pleased to announce that the exploration license applications for Enoch's Point and Reedy Creek are now granted. Enoch's Point forms part of the former high-grade gold producing Walhalla Gold Belt, and Reedy Creek forms part of the Providence Gold Project. Neither project has been the subject of any large scale modern and systematic exploration, despite significant high-grade gold [...]
Fosterville South Exploration Ltd. is pleased to announce that it has obtained the necessary government approvals to drill from an additional 15 drill pad locations at its Golden Mountain gold project located in Victoria, Australia. Highlights: Multiple holes can be drilled from each of the newly approved drill pad locations within Exploration License EL006430 This newly issued permit will allow the company to extensively [...]
Interim order regarding Leviathan Gold spinout transaction received November 13, 2020 set as definitive date for the Meeting to approve spinout Proposal is that for every common share held of Fosterville South Exploration, shareholders in all jurisdictions will receive a common share of Leviathan Gold Corp. Fosterville South Exploration Ltd. announces that the annual general and special meeting of shareholders of the [...]
Fosterville South Exploration Ltd. or is pleased to report new high-grade and extensive gold assay results from the remaining portion of drill hole GMDH 36 at its Golden Mountain Project in Victoria, Australia, following up on initial results from GMDH 36 announced and described on September 15, 2020. The new results today include multiple intercepts of high-grade gold as well as intersecting more extensive gold [...]
Fosterville South Exploration Ltd. or has intersected multiple intervals of high-grade gold in drill holes during the initial phase of core drilling at its Golden Mountain Project in Victoria, Australia. Highlights: Drill hole GMDH 36 records 8.3 metres at 6.91 g/t Au from 58.5 m including 1.7 m at 30.72 g/t Au Drill hole GMDH 35 records 47 metres at 2.67 g/t Au from 68 m including 4 m at 11.8 g/t Au Additional assays [...]
Fosterville South Exploration or has intersected long intervals of excellent gold mineralisation in multiple drill holes from ongoing core drilling at its Golden Mountain Project in Victoria, Australia. Highlights: Drill hole GMDH0030 records 27.6 metres at 6.7 g/t Au including 8.0 metres at 11.9 g/t Au Drill hole GMDH0031 records 29.0 metres at 2.2 g/t Au including 6.0 metres at 5.3 g/t Au Drill hole GMDH0032 records [...]
Fosterville South Exploration Ltd. intends to enter into an Arrangement Agreement with Leviathan Gold Ltd. contemplating a plan of arrangement involving Leviathan Gold, the Company and the securityholders of the Company whereby the shares of Leviathan Gold are distributed to the securityholders of the Company. Following the spin-out transaction, Leviathan Gold will explore, advance and develop the highly prospective gold [...]
Fosterville South Exploration Ltd. is pleased to announce that it has expanded its portfolio of high quality gold projects with the acquisition of the 36km2 square kilometre Beechworth Gold Project in Victoria, Australia held within EL4697 & RLA006013 by Northern Mine Ventures P/L. Highlights: Numerous drill ready gold prospects with orogenic style mineralization throughout the Beechworth Gold Project Contains significant [...]
Fosterville South Exploration has intersected wide intervals of high-grade gold in multiple drill holes during the initial phase of core drilling at its Golden Mountain Project in Victoria, Australia. Based on the high-grade drilling results during this initial core drilling program, the previous high-grade drill results reported by Fosterville South from near surface percussion drilling and regional groundwork [...]
Fosterville South Exploration Ltd. is pleased to announce that it has closed its previously announced private placement financing by issuing a total of 1,962,500 units at a price of $4.00 per Unit for gross proceeds of $7,850,000. Highlights: Strong Participation from Current Large Shareholders Multiple New Institutional Investors Added to Share Registry Strong Balance Sheet and Cash Position and No Debt Fosterville South [...]
