Fosterville South Exploration Ltd has announced that it has acquired the Baynton exploration license application (EL007504). The Baynton exploration license application covers an area of 119 km2 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 km and expands Fosterville South’s property to 43 km of continuous boundary with Kirkland Lake at Fosterville.
Fosterville South now holds one granted license south of the Fosterville Gold Mine and two exploration license applications to the south and south-east of the Fosterville Gold Mine.
The Baynton exploration license application includes the southern extension of the Fosterville Fault and Meadow Valley Fault, which are both highly prospective for gold mineralisation, as at Fosterville gold mine.
Combined, Fosterville South’s Lauriston Project and this new Baynton Project total 719 km2.
Fosterville South Chief Operating Officer, Rex Motton, said: “Fosterville South continues to focus on developing and exploring an incredibly exciting and prospective package of high-grade gold prospects in Victoria, Australia. Many of our projects remaining unexplored since high grade production in the early 1900s.”
Read the article online at: https://www.globalminingreview.com/exploration-development/23102020/fosterville-south-acquires-baynton-exploration-license-application/