A spectacular underground gold rush is underway in the Australian state of Victoria.
It began just five years ago with the discovery of vast seams of high-grade gold at the Fosterville Gold Mine.
Thanks to significant advances in drilling technology and subterranean surveying techniques, mining companies can now access previously untapped, large-scale deposits of high-grade gold.
For gold exploration firms, this is an extremely exciting new frontier.
The official Geological Survey of Victoria has even gone on-the-record to say it believes that at least 75,000,000 ounces of the precious metal are now waiting to be discovered across the state.
To put this into context, 88,000,000 ounces of gold have been mined in Victoria in the last 170 years.
At current spot prices, those undiscovered ounces would be worth a staggering $127,500,000,000.
With such great potential, it is no wonder the region is attracting so much international investor interest.
After all, the results at Fosterville have been stunning.
Better yet, between 2017 and 2019, the company mined 1.2 million ounces at Fosterville for a cost of just $315 an ounce, and an incredible average grade of 30.6 grams a tonne!
The Fosterville Gold Mine comfortably leads the pack when it comes to the world’s highest-grade, lowest-cost mining operations.
With such phenomenal success, it is no surprise that Kirkland Lake’s share price shot up over 27 TIMES, from C$2.20 in July 2015 to more than C$60 by the end of last year.
This has transformed the miner into a C$15 billion firm.
Now, with so much more high-grade gold potential remaining in Victoria, which company might be the next to experience such meteoric growth?
Fosterville South Exploration (TSX-V:FSX) certainly has strong potential.
The pitch for Fosterville South (TSX-V:FSX) is as straightforward as it comes.
Fosterville South (TSX-V:FSX) has managed to secure 1,386km2 of what could prove to be some of the most promising prospecting land for large-scale, high-grade gold deposits anywhere on the planet.
With a fully-funded, high-impact drill campaign ready to go in 2020, Fosterville South’s (TSX-V:FSX) award-winning technical team is particularly bullish about the company’s Lauriston Project.
Lauriston directly borders the Fosterville Gold mine, and the indications are that it shares the same geological features.
Rex Motton, Fosterville South’s (TSX-V:FSX) chief operating officer and the original inspiration behind this opportunity, is convinced about the potential for what modern drilling could uncover:
“Victoria has hardly scratched the surface when it comes to exploring these newly identified, high-grade underground gold zones.
There has been a lot of exploration done at Ballarat and Bendigo as they are very big goldfields, but when you look in a regional sense, there are very few deep drill holes.
Even on our ground in Lauriston, which sits directly adjacent to the Fosterville Gold Mine, there are only about a dozen reverse circulation holes and half a dozen diamond holes
None of these have gone deeper than about 200m in terms of drilling. For an area that is 600km2 in size that is minuscule.
With such high-grade,
near-surface historic production here, that is extremely surprising, but it
also opens up an incredible opportunity for Fosterville South (TSX-V:FSX).”To learn exactly why Rex Motton is so confident
about Fosterville South (TSX-V:FSX)
and how he was able to secure such a large area of prime high-grade gold
exploration land DOWNLOAD OUR EXCLUSIVE REPORT
IMPORTANT NOTICE AND DISCLAIMER PAID ADVERTISEMENT.
This communication is a paid advertisement. ValueTheMarkets, Digitonic Ltd, and their owners, managers, employees, and assigns (collectively “the Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Fosterville South Inc to conduct investor awareness advertising and marketing. Fosterville South Inc paid the Publisher the equivalent of one hundred thousand US dollars to produce and disseminate this and other similar articles and certain banner ads. This compensation should be viewed as a major conflict with our ability to be unbiased. Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to hurt share prices. Frequently companies profiled in our articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in volume and share price may likely occur. This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. The Publisher is not, and does not purport to be, a brokerdealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/ or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results. This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher cannot guarantee the accuracy or completeness of the information.
FORWARD LOOKING STATEMENTS.
This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Factors that could cause actual results to differ include, but are not limited to, the success of the company’s operations, the size and growth of the market for the companies’ products and services, the companies’ ability to fund its capital requirements in the near term and long term, pricing pressures, etc.
INDEMNIFICATION/RELEASE OF LIABILITY.
By reading this communication, you acknowledge that you have read and understand this disclaimer, and further that to the greatest extent permitted under law, you release the Publisher, its affiliates, assigns and successors from any and all liability, damages, and injury from this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.
ValueTheMarkets.com is the Publisher’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Publisher is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks.