Promising Sampling Results At Beechworth Project
Fosterville South Exploration Ltd (TSXV: FSX) (OTC: FSXLF) has received positive results, including multiple high-grade gold assays, from recent sampling at the Beechworth project in Victoria, Australia.
This programme was conducted in preparation for drilling additional targets to the current Taff and Bon Accord Prospect drill program, which is now underway, within the large Beechworth project area.
Highlights:
- rock chip assays for 173 samples from 45 gold prospects yield gold grades including 54 g/t Au
- grid based soil sampling of 2515 samples covering 10.5 sq. km completed
- 68 drill hole program designed based on these fieldwork results
With results received from this fieldwork, a drill programme has been designed to test multiple high priority targets within the Beechworth Gold Project.
Rock chip assays for 173 samples from 45 gold prospects have yielded gold grades that included 54 g/t Au. Samples were collected along lines of workings of quartz and dump material (mullock).
Grid based soil sampling of 2515 samples has covered 10.5 sq. km of the total 22.7 sq. km of EL4697. All samples have been analysed by portable XRF for arsenic, antimony, and other base metals. Of these samples 1227 samples have been analysed for gold with a 1ppb detection limit. Gold assays from this soil sampling range up to 521 ppb Au (0.52 g/t Au) with most of the gold assays arriving this week.
These results have generated Au-As anomalous geochemical targets associated with old workings on approximately 20 separate subparallel structures. The soil sampling has been used as a means of focusing on the better and broader mineralised targets amongst the plethora of old workings.
Apart from the current drill programme at Hillsborough on the Taff and Bon Accord Prospects, two separate LIEP (Low Impact Exploration Permit) drill permit programmes are proposed consisting of 68 drill holes within eight separate sites.
First pass drilling would amount to 4200m, with provisions for using the same drill pads to drill deeper by either RC or diamond drilling during a second phase follow up.
It is targeted that the first permits for this additional drilling will arrive in mid to late July which will allow drilling to follow on from the current drill program at the Bon Accord and Taff Reefs targets at Beechworth, where permits have already been received.
The 68 drill holes planned are mainly focused on the Birthday, Perfect Cure, Von Moltke Reefs and Perseverance Reefs. The Birthday Reef is at Hillsborough and is reported to have produced 2425 tons for 1638 oz. Extensive workings occur on the lengthy structure at Perfect Cure but production records are not available.
A separate drill programme is also being submitted for approximately 20 additional drill holes at various prospects due to different land status classification.
The Beechworth Gold Project consists of one granted exploration license (Beechworth license) and three tenement applications (Myrtleford, Harrietville and Lady Jane) covering an area of 459 sq. km. A large number of prospects were mined in the late 19th and early 20th centuries.
Geologically the entire Beechworth Gold Project lies within the Tabberabbera Zone on the eastern margin with the Omeo Zones of the Lachlan Fold Belt in Victoria.
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