Fosterville South Exploration (TSX.V:FSX)
Reported that the maiden percussion drilling program at Thompson Reef and Prince of Wales Reef within the Reedy Creek target of the Providence Project in Victoria, Australia has returned strong gold grades.
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
April 27, 2022. Fosterville South Exploration Ltd. (“Fosterville South”) or (the “Company”) (TSXV:FSX) (OTCQX: FSXLF) (Germany: 4TU) is pleased to report that the maiden percussion drilling program at Thompson Reef and Prince of Wales Reef within the Reedy Creek target of the Providence Project in Victoria, Australia has returned strong gold grades.
Additional assays are pending from drilling at high priority gold targets at Reedy Creek.
- Strong gold assay of 2m at 174.42 g/t Gold including 1m at 348 g/t Gold in reverse circulation drill hole TRC02
- High-grade results are shallow and from the most easterly holes drilled to date at Thompson Reef.
- Assays pending from additional holes including from multiple holes at Reedy Creek Target within the Providence Project
Fosterville South intersected high-grade Gold in its reverse circulation drill program at Thompson Reef that forms part of the Reedy Creek Target, Providence Project.
Reverse circulation drill holeTRC02 encountered 2m at 174.42 g/t Gold from 23m including 1m at 348 g/t Gold from 24m. Four reverse circulation holes (TRC01 to 04) were drilled over a strike length of 130 meters.
Diamond and reverse circulation drilling continue to focus expanding mineralization near 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) at Weineroider Ridge.
Fosterville South mnageent comments
“Fosterville South continues to operate multiple drill rigs on different projects within the large 4,000 sq km land package we have assembled over a multi-year period.
“After extensive fieldwork to identify priority targets, the reconnaissance drilling to date has further assisted in prioritizing our target database. Assay results from several high priority areas are now pending.
“The Reedy Creek goldfield, described in today’s news, is now yielding high grade intercepts at a number of prospects with more targets yet to be drilled. As an example, the Doyle’s/Langridge prospect was the largest high-grade producer and is slated for near term drilling.
“The entire field is looking very promising.”
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