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Fosterville South commences drilling at Lauriston Project

Published by
Global Mining Review,


Fosterville South Exploration Ltd has announced that it has commenced drilling at its Lauriston Gold project, located in Victoria, Australia.

Highlights

  • Lauriston is immediately south of and contiguous with Kirkland Lake Gold’s Fosterville Mine tenements.
  • 600 km2 project with excellent structural setting and significant historic high-grade gold production reported despite lack of modern exploration and drilling.
  • Initially a 2-drill rig programme.

Lauriston is an epizonal gold-antimony-arsenic mineralised project, which has the best potential to be the southern extension of the Fosterfield Goldfield Belt, outside of Kirkland Lake Gold’s tenements. The Redesdale, Whitelaw and Taradale Faults intersect Lauriston, although some areas are masked by a thin younger basalt cover, leaving these particular areas on the property never explored.

The assembly of Lauriston was a multi-year process, commencing in early 2017, long before the current land rush now taking place in Victoria.

Fosterville South’s planned 5120 m reconnaissance drill programme at the Lauriston Project will focus on the high-grade epizonal and mesozonal prospects that have recorded historical high-grade gold production.

Drilling will consist of 64 holes averaging 80 m depth and targeting four separate prospects all held on private property. One reverse circulation drill rig is operational onsite now with a second drill rig (a diamond drill) targeted to commence drilling during week beginning 4 January 2021.

Additional to this now underway drill programme, plans are being designed for a further three prospects within the Lauriston property with a similar level of drilling commitment.

While drilling has now started at Lauriston, Fosterville South is also awaiting assay results from 11 holes recently completed drill holes at the Golden Mountain project, where drilling to date has intersected strong gold grades over lengthy intervals with excellent distribution of grade throughout the system.

Read the article online at: https://www.globalminingreview.com/exploration-development/08012021/fosterville-south-commences-drilling-at-lauriston-project/

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Australian mining news Gold mining news