Wir verwenden Cookies, um Ihnen eine optimale Funktion der Webseite zu ermöglichen. Wenn Sie weitersurfen, stimmen Sie der Cookie-Nutzung zu. Mehr erfahren
In Ihrem Webbrowser ist JavaScript deaktiviert. Um alle Funktionen dieser Website nutzen zu können, muss JavaScript aktiviert sein.
RohstoffWelt - Die ganze Welt der Rohstoffe HomeKontaktRSS
Powered by: Powered by GoldSeiten.de
 
[ Druckversion ]
Fosterville South Exploration Ltd.
Fosterville South Exploration Ltd.
Registriert in: Kanada WKN: A2QJKK Rohstoffe:
Art: Originalaktie ISIN: CA3502676057 Gold
Heimatbörse: TSX Venture Alternativ: FSXLF
Währung: CAD    
Symbol: FSX.V Forum:

Fosterville South Reports Assays from First Core Drill Hole at Beechworth Gold Project With Hole HBDH001 Returning 8.6m at 5.22 g/t Gold including 3.6m at 10.72 g/t Gold

15.10.2021 | 14:00 Uhr | CNW

Highlights:

  • 8.6m at 5.22 g/t Gold from 194.6m, including 3.6m at 10.72 g/t Gold from 196.8m, in diamond drill hole HBDH001
  • Rock chip assays from numerous gold prospects yielding gold grades including 38.7 g/t Gold
  • Fosterville South now actively drilling at Reedy Creek (Providence Project), Enoch's Point (Walhalla Gold Belt Project) and Homeward Bound (Beechworth Gold Project).

VANCOUVER, Oct. 15, 2021 - Fosterville South Exploration Ltd. ("Fosterville South") or (the "Company") (TSXV: FSX) (OTCQX: FSXLF) (Germany: 4TU) is pleased to report that initial diamond drilling at the Homeward Bound prospect within the Beechworth Gold Project in Victoria, Australia has returned strong grade gold assays.

Initial Diamond Drill Results at Beechworth Gold Project

Fosterville South's initial diamond drill hole, HBDH001, intersected 8.6m at 5.22 g/t Gold from 194.6m, including 3.6m at 10.72 g/t Gold from 196.8m at the Homeward Bound prospect located at Hillsborough within the Beechworth Gold Project.

Drill hole HBDH001 did not proceed below 203m as it intersected old workings. As Fosterville South anticipated mineralization below this point, a second diamond drill hole, HBDH002, commenced approximately 40m below HBDH001. HBDH002 appears to have intersected two separate zones of intense silicification with significant arsenopyrite, similar to the gold mineralisation present in HBDH001. Assay results for HBDH002 are pending.

The Homeward Bound prospect is in the Hillsborough goldfield, which forms part of the Beechworth Gold Project, occurring in the Tabberabbera Zone on the eastern margin with the Omeo Zones of the Lachlan Fold Belt in Victoria. Several key gold prospects and associated fault structures have been identified within the Beechworth Gold Project based upon extensive geochemical sampling, geological & LIDAR mapping and limited previous drilling. These include various historical producing mines located within the Hurdle Flat goldfield (21,715 ounces of production at 15.32 g/t Au) and Hillsborough goldfield (47,492 ounces of production at 17.48 g/t Au). Mineralisation is typical of mesozonal orogenic gold deposits.

Table 1: Drill Results and Intercepts:

Hole ID

East

North

Azimuth
(deg.)

Dip (deg.)

From (m)

To (m)

Downhole
Interval
(m)

Au g/t

Cut-off
grade
Au g/t

Hole Type

HBD001

484851

5971313

113

-70

194.6

203.2

8.6

5.22

0.4

Diamond

Includes





196.8

200.4

3.6

10.72

1.0

Diamond

The intercept cut-off grades are shown in the table and they use a maximum internal waste of 1m. True width is estimated at 4.9m for the longer intercept. The assays are not capped. Coordinates are Australian projection MGA94 Zone 55.

Sampling Program at Beechworth Project

In preparation for drilling, Fosterville South carried out an extensive reconnaissance rock chip sampling program covering the entire Beechworth Gold Project. The program was a follow up on anomalies identified in the extensive rock and soil sampling program announced on June 29, 2021. The samples targeted quartz veining from outcrops, float and mine waste dumps on the Beechworth Gold Project.

Table 2: Summary of Key Rock Chip Sample Results:

Sample ID

East

North

Au g/t

Prospect at Beechworth

CR28017

476688

5969575

2.43

Snowball

CR28018

476671

5969592

7.61

Snowball

CR28029

476637

5971219

14.2

Sore Leg

CR28043

476196

5970177

38.67

Perseverance

CR28067

475232

5971110

3.76

Golden Bar

CR28082

484471

5971891

9.74

Prince of Wales

CR28083

484530

5971958

2.00

Brunton's

CR28087

484027

5972768

21.0

Markham

CR28093

478698

5976022

11.5

Wallaby

CR28098

478760

5975936

2.44

Marco Polo

CR28106

478925

5975675

2.60

Rechabite

CR28111

478139

5976447

2.15

Kerry Eagle

CR28114

478118

5976589

2.04

Kerry Eagle

CR28125

478586

5976363

25.6

Allot's

CR28304

476199

5970175

32.7

Perseverance

CR28323

476744

5969660

4.61

Snowball

CR28336

482462

5974864

20.1

Bangor

CR28338

482454

5974939

5.52

Bangor

CR28343

482883

5974571

19.0

Comasino

CR28345

482877

5974770

2.05

Comasino

CR28347

482857

5974415

8.39

Comasino

CR29272

482953

5974409

5

Pride

CR29277

482959

5974157

5.29

Pride

CR29278

482931

5974992

10.9

Pride

CR29280

482897

5974906

3.28

Comasino

CR29286

482681

5974158

13.9

Crawford & Folster

CR29293

478203

5976592

2.02

Kerry Eagle

CR29294

478168

5976548

5.58

Kerry Eagle

CR29295

478098

5976661

2.79

Kerry Eagle

CR29300

478475

5976268

11.5

Golden Hope

Drilling Activities on Three Gold Projects

Fosterville South is pleased to report that it is now concurrently carrying out drilling activities on three (3) gold projects: Reedy Creek (Providence Project), Enoch's Point (Walhalla Gold Belt Project) and Homeward Bound (Beechworth Gold Project).

At Reedy Creek (Providence Project), Fosterville South has commenced diamond drilling at the United Reef and, thereafter, will commence diamond drilling at the Prince of Wales Reef. These prospects contain significant old gold workings within extensive anomalous Au-Sb-As geochemical soil trends. After the initial drilling is completed at Prince of Wales Reef, Fosterville South will continue to focus on the discovery hole RWR13 (11m at 31.34 g/t Gold including 4m at 80.05 g/t Gold from 68m) and the recently announced high-grade intercept from diamond drill hole RWD01 (0.7m at 238.1 g/t Gold from 68.70m and 0.80m at 22.5 g/t Gold from 40.80m). Detailed geological mapping and sampling is continuing in support of the drilling program.

Diamond drilling has commenced at the Big River Au-Sb prospect in the Enoch's Point area. The Big River Au-Sb Prospect is hosted by Siluro-Devonian folded and faulted sediments and occurs in close proximity to the Jerusalem Inlet Fault, which is part of the Enoch's Point Thrust Fault Zone. This fault zone extends for approximately 85km through much of the Fosterville South (45km) tenure and beyond. The Big River prospect was worked in the 1960s for high grade stibnite concentrate from a single adit of 58m in length working epizonal quartz veins. A soil geochemical program was conducted at the Big River Antimony Mine, which outlined an area of As-Sb pXRF soil anomalism covering strike length of 3.2km and up to 600m wide. Follow up gold assaying of the soil samples confirmed that the Big River prospect is Au-As-Sb anomalous especially within an 850m by 450m central anomaly, including the old workings, epizonal quartz veins and zones of sulphide mineralised felspar porphyry dykes. Initially two diamond drill holes across the anomalous zone are being conducted.

Reverse circulation drilling is ongoing at the Beechworth Gold Project, which has been initially focused on the Hillsborough Goldfield. Fosterville South recently obtained a new permit to add an additional 40 drill pads and will continue to actively drill over prospective gold geochemically anomalous zones. The new permit allows for scout drilling at various locations within the Stanley State Forest as a follow up to the soil and rock chip sampling at these various prospects.

Chief Operating Officer, Rex Motton, states, "With multiple drill permits in hand and significant fieldwork completed to vector in on key drilling targets, drilling is now ramping up on multiple high priority projects. Fosterville South is well financed and in a strong position to accelerate drilling and we look forward to increasing assay data flow from this work on site. "

Quality Assurance / Quality Control

All assays were subject to quality control measures appropriate for diamond core and reverse circular drilling with duplicates, blanks and commercially available standards with the expected results from the samples submitted. All assays were conducted by Onsite Laboratory Services Ltd (ISO: 9001), located in Bendigo, Victoria, using fire assay techniques with a 50g charge and ICP or AAS finish. The quality control results are consistent.

About Fosterville South Exploration Ltd.

Fosterville South began with two, 100% owned, high-grade gold projects called the Lauriston and Golden Mountain Projects, and has since acquired a large area of granted and application tenements containing further epizonal (low-temperature) high-grade gold mineralisation called the Providence Project and a large group of recently consolidated license tenement applications called the Walhalla Belt Project, which contain a variety of epizonal and intrusion related style gold mineralisation, all in the state of Victoria, Australia. The Fosterville South land package, assembled over a multi-year period, notably includes a 600 sq. km property immediately to the south of and within the same geological framework that hosts Kirkland Lake Gold's Fosterville epizonal gold tenements. Additionally, Fosterville South has gold-focused projects called the Moormbool and Beechworth, which are also located in the state of Victoria, Australia. Moormbool project has epizonal style gold mineralisation and Beechworth has mesozonal and intrusion relation gold mineralisation.

All of Fosterville South's properties, with the possible exception of Moormbool, have had historical gold production from hard rock sources despite limited modern exploration and drilling.

Qualified Person

The technical content of this news release has been reviewed, verified and approved by Rex Motton, AusIMM (CP), COO and Director of Fosterville South, a qualified person as defined by NI 43-101. Historical records were verified by reviewing annual and quarterly reports from government records by the Qualified Person.

On behalf of the Company
Rex Motton
Chief Operating Officer and Director

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fosterville South cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Fosterville South's limited operating history, its exploration and development activities on the Lauriston, Golden Mountain, Providence and Beechworth Properties and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fosterville South does not undertake to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fosterville-south-reports-assays-from-first-core-drill-hole-at-beechworth-gold-project-with-hole-hbdh001-returning-8-6m-at-5-22-gt-gold-including-3-6m-at-10-72-gt-gold-301401073.html

SOURCE Fosterville South Exploration Ltd.



Contact
Adam Ross, Investor Relations, Direct : (604) 229-9445, Toll Free: 1(833) 923-3334, Email: info@fostervillesouth.com
 
Bookmarken bei Mister Wong Furl YiGG Wikio del.icio.us Webnews
A A A Schriftgröße
 
Weitere Nachrichten, englisch zu Fosterville South Exploration Ltd.
22.09.22 Fosterville South Discovers New Gold Zone from Surface at Golden Mountain Including RC Intercept Assaying 77m at 1.14 g/t Gold
05.08.22 Fosterville South Reports Assays from Drilling at Comet-New Trojan at Lauriston Project, Golden Mountain Project and Providence Project
27.04.22 Fosterville South Reports High Grade Intersection of 2m at 174.42 g/t Gold, including 1m at 348 g/t Gold During Drilling at Reedy Creek
15.03.22 Fosterville South Commences Drilling at Lauriston Project While Three Rigs are Currently Operating at Reedy Creek Within the Providence Project
18.01.22 Fosterville South Exploration Ltd. Reports Initial 2022 Assays from Drilling at the Beechworth Project
05.11.21 Fosterville South Adds Second Drill Rig at Beechworth Gold Project and Now Has a Total of Four Rigs Turning
15.10.21 Fosterville South Reports Assays from First Core Drill Hole at Beechworth Gold Project With Hole HBDH001 Returning 8.6m at 5.22 g/t Gold including 3.6m at 10.72 g/t Gold
14.10.21 Fosterville South's Initial Follow Up to Discovery Hole at Reedy Creek Shows System's Ability to Produce Very High Grades, With Drill Assays up to 238.1 g/t Gold in Shallow Drilling
27.09.21 Fosterville South Commences Core Drilling at Reedy Creek to Follow Up on Recent High Grade Gold Results
09.08.21 Fosterville South Intersects 11m at 31.34 g/t Gold Including 4m at 80.05 g/t Gold During Initial Drilling at the Reedy Creek Goldfield Within Providence Project
30.07.21 Fosterville South Announces Ongoing Drilling at Reedy Creek Goldfield Within the Providence Project
mehr »
 
 
© 2007 - 2022 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr!
Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert)

Werbung | Mediadaten | Kontakt | AGB | Impressum | Datenschutz