FSX: TSX Venture
The Fosterville Gold Mine, owned by Kirkland Lake Gold, is the world’s highest grade and lowest cost gold mine.
The AISC at Fosterville was USD $315 / oz in Q1 2019, and the mine has operated with a 34.3 g/t gold head grade over the past 12 months.
Fosterville South Exploration has three high grade gold projects in the Fosterville area including a large land package with historical high grade production immediately south and adjoining Kirkland Lake Gold’s Fosterville tenements.
ABOUT FOSTERVILLE SOUTH EXPLORATION
2 Large 100% owned high grade gold projects
in the heart of one of the world’s most important high-grade gold districts
Historic high-grade gold production
adjoining and immediately south of the world-class Fosterville Mine, owned by Kirkland Lake Gold
Experienced management and award winning technical team
with a track record in this District and with a history of wealth creation in the sector
Tight share structure
and compelling valuation
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PROJECT OVERVIEW
LAURISTON GOLD PROJECT
600 km²
Contiguous to Kirkland Lake’s Fosterville tenements
Historical hardrock production:
233,215 oz Au @ 20.7 g/t Au
PROVIDENCE GOLD PROJECT
650 km²
Historical hardrock production:
12,431 oz Au @ 51 g/t Au (Doyle’s)
20,620 oz Au @ 56 g/t Au (Langridge’s)
GOLDEN MOUNTAIN
136 km²
Including drill intervals of:
18m grading 11.1 g/t Au
36m grading 9.5 g/t Au
44.4m grading 3.6 g/t Au
23.3m grading 5.2 g/t Au
2m grading 35.5 g/t Au
Three key gold projects which have significant gold potential due to:
→ The structural setting of the mineralisation & its association with nearby successful operating mines such as Fosterville & the A1.
→ The prospective nature of the modern disseminated epizonal (Fosterville) mineralization & granite related (IRG) mineralization (Golden Mountain)
→ The limited exploration previously conducted with positive results, and the failure to take exploration further given the high grade gold mineralization found at depth at Fosterville, yielding a more prospective view of these types of deposits
→ The large number of prospects yet to be assessed, which may have epizonal or IRG signatures
→ The granite related historical exploration work suggests that epizonal deposits may merge into these granite related deposits at depth.
ADJOINING KIRKLAND LAKE’S
FOSTERVILLE GOLD DISCOVERY
- The deep seated Selwyn Block underlies the epizonal Au-As-Sb mineralization domain
- Proximity to the margins or larger structures within the Selwyn Block is considered important for all major deposits within the epizonal domain
VECTORS, TRENDS & DEPOSITS
