Fosterville South Exploration or is pleased to announce that the Company has accelerated drilling at its Golden Mountain project, located in Victoria, Australia. Highlights: Diamond drilling has commenced and is designed to test main target area. A second diamond drill rig, purchased by Fosterville South, has been added to the program. Shallow scout drilling with a percussion rig returned multiple wide intersections [...]
Fosterville South Exploration Ltd. has appointed Clarus Securities Inc. as Lead Agent on behalf of a syndicate of agents, to sell, by way of a private placement on a commercially reasonable best efforts basis, up to 1,875,000 units of Fosterville South at a price per Unit of $4.00 for aggregate gross proceeds of up to $7,500,000. Each Unit will consist of: one common share ; and one-half of one common share purchase [...]
Fosterville South Exploration Ltd. is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company in the United States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and [...]
Fosterville South Exploration Ltd. is pleased to announce that the Board of Directors of the Company has unanimously approved a spin out transaction whereby Fosterville South will distribute the shares of a new company named Leviathan Gold Ltd. to the shareholders of Fosterville South, following which Leviathan will undertake an equity financing to fund the exploration, advancement and development of the Avoca and Timor [...]
Fosterville South Exploration or 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 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 [...]
Fosterville South Exploration Ltd. is pleased to announce that it has retained Mining One Pty. Ltd. , of Melbourne, Australia for its recently acquired Walhalla Belt Project, located in the highly prospective Walhalla – Woods Point Belt, Victoria, Australia. Highlights: Fosterville South now has a total of 2,788 sq km in exploration tenements and tenement applications within the state of Victoria. Walhalla Belt Project [...]
Fosterville South Exploration is pleased to announce that it has expanded its portfolio of high quality gold projects with the consolidation and acquisition of the 547 square kilometre Walhalla Belt Project in Victoria. Highlights: Walhalla Belt Project has been consolidated by Fosterville South into a major 547 sq km land package. Total recorded historic hard rock gold production from the project of 1,510,309 ounces of [...]
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 Exploration Ltd. is pleased to announce that it has closed its previously announced private placement financing by issuing a total of 13,636,363 units at a price of $1.10 per Unit for gross proceeds of $14,999,996. Fosterville South Chief [...]
Bryan Slusarchuk, Chief Executive Officer, Fosterville South joined Dean McPherson, Head, Business Development, Global Mining, TSX Venture Exchange to virtually open the market. Newly listed mining company, Fosterville South, has a large land package of projects, assembled over a multi-year period, in the state of Victoria, Australia. Projects include a 600 sq km property immediately to the south of and within the same [...]
Drilling at Golden Mountain project has commenced with 2 drill rigs onsite 18 holes, totaling 2,215 metres of drilling planned in this initial phase Fosterville South Exploration Ltd. is pleased to announce it has commenced drilling at its Golden Mountain project located in the state of Victoria, Australia. The initial drill program will consist of 18 holes, totaling 2,215 metres at the Golden Mountain project. The [...]
Fosterville South Exploration Ltd. is pleased to announce today that, due to strong demand, it has agreed with Clarus Securities Inc. to increase the size of its previously announced C$10,000,100 Marketed Private Placement offering. Pursuant to the upsized deal terms, Clarus has agreed to sell up to 13,636,360 units of the Company at a price of $1.10 per unit to raise gross proceeds of up to $14,999,996. Each Unit will [...]
Fosterville South Exploration Ltd. has appointed Clarus Securities Inc. as Lead Agent on behalf of a syndicate of agents, to sell, by way of a private placement on a commercially reasonable best efforts basis, up to 9,091,000 units of Fosterville South at a price per Unit of $1.10 for aggregate gross proceeds of up to $10,000,100. Each Unit will consist of: one common share ; and one-half of one common share purchase [...]
