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Fosterville South Exploration Commences Core Drilling at Reedy Creek to Follow Up on Recent High Grade Gold Results
Highlights: Diamond (core) drill rig is drilling to follow up on discovery hole RWR13 RWR13 returned high grade gold assays during reconnaissance reverse circul
About this update from Great Pacific Gold Corp.
[{"type":"text","content":" Highlights: Diamond (core) drill rig is drilling to follow up on discovery hole RWR13 RWR13 returned high grade gold assays during reconnaissance reverse circulation drilling of a previously undrilled geochemical target Multiple additional targets within the Reedy Creek goldfield have also been identified and prioritized for additional near-term drilling VANCOUVER, BC, Sept. 27, 2021 /CNW/ - Fosterville South Exploration Ltd. (\"Fosterville South\") or (the \"Company\") (TSXV: FSX) (OTCQX: FSXLF) (Germany: 4TU) is pleased to provide an update on its initial drilling at the Reedy Creek goldfield within the Providence project in Victoria, Australia, that returned high-grade gold assays during reconnaissance reverse circulation drilling of a previously undrilled geochemical anomaly located within one of two ridge targets recently identified by the company. Fosterville South has now signed a drill contract with the operator of a diamond drill rig to commence core drilling in the vicinity of this RWR13 discovery hole. This drill rig was recently mobilized to site and has commenced drilling. Fosterville South is conducting the first modern exploration of the Reedy Creek Goldfield, which included various geochemical sampling programs in preparation of drilling that has now commenced. The high grade assays, previously reported by Fosterville South, in drill hole RWR13 (11 metres at 31.34 grams per tonne gold including 4 metres at 80.05 g/t gold) are from an area of the goldfield that has been the subject of no historic drilling and no mining. The gold mineralization intersected in the drilling is present as a zone of significant quartz veining with fine grained disseminated stibnite and pyrite. As described in Fosterville South News Release dated August 9, 2021, the 11-metre intercept uses a 0.5 g/t Au cut-off grade and carry a maximum two m of internal waste, while the higher-grade included intercept of four m uses a 40 g/t Au cut-off grade and no internal waste parameter. True widths are not known and the intersected mineralisation has no apparent outcrop. Additional drilling is required to determine true widths. The assays are not capped. Co-ordinates are Australian projection MGA94 zone 55. The Fosterville South drill program at Reedy Creek commenced after the team negotiated and then signed seven separate access agreements, while ...