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Fosterville South Now Drilling at Golden Mountain
Fosterville South Now Drilling at Golden Mountain Canada NewsWire VANCOUVER, May...
About this update from Great Pacific Gold Corp.
[{"type":"text","content":"\n\n\n\nFosterville South Now Drilling at Golden Mountain\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 4, 2020\n\n\n\nDrilling at Golden Mountain project has commenced with 2 drill rigs onsite 18 holes, totaling 2,215 metres of drilling planned in this initial phase VANCOUVER, May 4, 2020 /CNW/ - Fosterville South Exploration Ltd. (\"Fosterville South\" or the \"Company\", FSX:TSX Venture; FSXLF: OTC Markets) is pleased to announce it has commenced drilling at its Golden Mountain project located in the state of Victoria, Australia.\n\n \n \n \n \n \n \n\n \nThe initial drill program will consist of 18 holes, totaling 2,215 metres at the Golden Mountain project.  The program is to be conducted in two parts consisting of shallow percussion drilling targeting the northern mapped east west mineralized zone and core (diamond) drilling targeting the deeper zones of the central mineralized section.\nChief Operating Officer and Director, Mr. Rex Motton, states, \"In the few short weeks since coming to trade publicly, Fosterville South has been very active. Corporately, we recently announced the acquisition of multiple properties to complement our original holdings being Lauriston, Providence and Golden Mountain which were assembled over a multi-year period. We also announced an oversubscribed $15 million financing, fostered by support from some of our largest existing shareholders and some precious metals focused institutional investors that are new to our registry. Fosterville South has also been busy on the ground, and we now have two drill rigs turning at the Golden Mountain project. Additionally, we are awaiting final results from a large geochemistry sampling program at the Lauriston project, in preparation for drilling there.\" \nThe granted exploration license at the Golden Mountain (Tallangalook) project consists of 136sq km and holds a variety of gold targets, including intrusion related gold deposits such as the Golden Mountain prospect and epizonal orogenic gold – stibnite deposits such as the Heyfield Reef and Sta...