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Fosterville South Receives Multiple High-Grade Gold Assays from Sampling at Beechworth Project – Junior Mining Network



VANCOUVER, BC, July 2, 2021 /CNW/ – Fosterville South Exploration Ltd. (“Fosterville South”) or (the “Company”) (TSXV: FSX) (OTC: FSXLF) (Germany: 4TU) is pleased to announce it has received positive results, including multiple high-grade gold assays, from recent sampling at Beechworth. This program 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.


  • 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 km2 completed
  • 68 drill hole program designed based on these fieldwork results

With results received from this fieldwork, a drill program 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 10.5km2 of the total 22.7km2 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 program at Hillsborough on the Taff and Bon Accord Prospects, two separate LIEP (Low Impact Exploration Permit) drill permit programs are proposed consisting of 68 drill holes within 8 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 program is also being submitted for approximately 20 additional drill holes at various prospects due to different land status classification.

Figure 2 Beechworth: Hillsborough Area Gold Geochemistry (CNW Group/Fosterville South Exploration Ltd.)

The Beechworth Gold Project

The Beechworth Gold Project is a drill ready high-grade gold project to the north-east of the Company’s extensive land package in the state of Victoria.  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 km2.  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. The host rocks are Lower Ordovician marine sediments of the Pinnak Sandstone Formation comprising sandstone, siltstone, and shale. The Hillsborough goldfield occurs in the hanging wall of the major regional Sawpit Gully Fault Zone which separates the Tabberabbera Zone from the Omeo Zone. Mineralisation is typical of orogenic gold deposits. The gold deposits are characteristically associated with deformed (compressed, folded and faulted) and metamorphosed (chemically or thermally altered) mid-crustal blocks, particularly in proximity to major crustal structures (such as major faults or basement shear zones). Mineralised fault zones generally strike north to north-westerly with occasional breccia pipes developed at the intersection of anastomosing fault zones.

Beechworth License

Several key gold prospects and associated fault structures have been identified within the Beechworth license based upon extensive geochemical  sampling, geological & LIDAR mapping and very minor previous drilling.  These include various historical producing mines located within the Hurdle Flat goldfield (21,715 ounces of production at 15.32 g/t Au) and Hillsborough goldfield (47,492 ounces of production at 17.48 g/t Au). 

Within the Hurdle Flat goldfield, at the Wallaby prospect, the existing adit accesses 200m below surface workings including an old open cut. The historically worked mineralized bodies are large subvertical tabular and pipe like structures.  The largest historical mineralized shoot had a strike length of 145m, vertical extent of at least 170m, width of 13m, and an average grade of 15 – 20g/t Au. Repetitions of these ore shoots occur along strike and probably at depth.

Extensive channel sampling by previous explorers has occurred on the some prospects at the Beechworth license as follows:

  • Wallaby Prospect. 25 metres at 7.05 g/t gold; and 5 m at 25.9 g/t gold.
  • Bon Accord Prospect. 10 metres at 23.7 g/t gold
  • Kingston Prospect. 10 metres at 7.16 g/t gold.

Previous drilling for depth continuations around these old working has yielded significant intercepts at relatively shallow depths and include:

  • Kingston Prospect. W03: 8m @ 8.88 g/t Au from 18m
  • Hope Prospect. W06: 4m @ 22.0 g/t Au from 38m of downhole intervals.
  • Homeward Bound Prospect. HB04: 1.2m @132 g/t from 154.3m and HB09: 1.25m @ 31.5 g/t Au from 145.6m.

Myrtleford, Harrietville and Lady Jane Tenement Applications

Fosterville South’s Harrietville tenement application consists of 247km2 and is located 33 km south of the Beechworth license.  Several key gold prospects have been identified within the Harrietville tenement application based upon previous gold production. No modern exploration has taken place at any of these prospects. The only exploration drilling that has been carried out was by BHP Minerals searching for alluvial gold deposits with 20 cable tool drillholes completed in the Smoko area. Minor geochemical sampling, as stream sediments, has previously taken place. Historical production from these key mines was 11,836 ounces at 17.68 g/t Au.

The Myrtleford tenement application consists of 118km2. The area is east and south of the Beechworth license and is in part contiguous with the Beechworth granted licence and the Myrtleford Property owned by E79 Resources Inc.* Several key gold prospects have been identified within the Myrtleford based upon previous gold production. No modern exploration or drilling has taken place at any of these prospects. Minor geochemical stream sediments sampling has occurred.  Historical production resulted in 24,745 ounces produced at 15.14g/t Au.

* Mineralization at the Myrtleford Property owned by E79 Resources Inc. is not necessarily indicative of mineralization at the Beechworth license and Myrtleford and Lady Jane tenement applications owned by Fosterville South.

The Lady Jane tenement application consists of 58km2. The area is west of and is in part contiguous with the Harrietville application and the Myrtleford Property owned by E79 Resources Inc.*  Several key gold prospects have been identified within the Lady Jane based upon previous gold production. No modern exploration or drilling has taken place at any of these prospects.  Minor geochemical stream sediments sampling has occurred.

The geological setting of these tenement applications is similar to the Beechworth licence and host rocks are the same Lower Ordovician Pinnak Sandstone Formation with north-westerly striking mineralized fault zones.

About Fosterville South Exploration Ltd.

Fosterville South began with two, 100% owned, high-grade gold projects called the Lauriston and Golden Mountain Projects, and has since acquired a large area of granted and application tenements containing further epizonal (low-temperature) high-grade gold mineralisation called the Providence Project and a large group of recently consolidated license tenement applications called the Walhalla Belt Project, which contain a variety of epizonal and intrusion related style gold mineralisation, all in the state of Victoria, Australia. The Fosterville South land package, assembled over a multi-year period, notably includes a 600 sq. km property immediately to the south of and within the same geological framework that hosts Kirkland Lake Gold’s Fosterville epizonal gold tenements. Additionally, Fosterville South has gold-focused projects called the Moormbool and Beechworth, which are also located in the state of Victoria, Australia. Moormbool project has epizonal style gold mineralisation and Beechworth has mesozonal and intrusion relation gold mineralisation.

All of Fosterville South’s properties, with the possible exception of Moormbool, have had historical gold production from hard rock sources despite limited modern exploration and drilling.

Qualified Person

The technical content of this news release has been reviewed, verified and approved by Rex Motton, AusIMM (CP), COO and Director of Fosterville South, a qualified person as defined by NI 43-101.  Historical records were verified by reviewing annual and quarterly reports from government records by the Qualified Person.

On behalf of the Company
Rex Motton
Chief Operating Officer and Director

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fosterville South cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Fosterville South’s limited operating history, its exploration and development activities on the Lauriston, Golden Mountain and Beechworth Properties and the need to comply with environmental and governmental regulations.  Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fosterville South does not undertake to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Fosterville South Exploration Ltd. logo (CNW Group/Fosterville South Exploration Ltd.)

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Russian lab module docks with space station after 8-day trip – Vancouver Is Awesome



MOSCOW — A newly arrived Russian science lab briefly knocked the International Space Station out of position Thursday when it accidentally fired its thrusters.

For 47 minutes, the space station lost control of its orientation when the firing occurred a few hours after docking, pushing the orbiting complex from its normal configuration. The station’s position is key for getting power from solar panels and or communications. Communications with ground controllers also blipped out twice for a few minutes.

Flight controllers regained control using thrusters on other Russian components at the station to right the ship, and it is now stable and safe, NASA said.

“We haven’t noticed any damage,” space station program manager Joel Montalbano said in a late afternoon press conference. “There was no immediate danger at anytime to the crew.”

Montalbano said the crew didn’t really feel any movement or any shaking. NASA said the station moved 45 degrees out of attitude, about one-eighth of a complete circle. The complex was never spinning, NASA spokesman Bob Jacobs said.

NASA’s human spaceflight chief Kathy Lueders called it “a pretty exciting hour.”

The incident caused NASA to postpone a repeat test flight for Boeing’s crew capsule that had been set for Friday afternoon from Florida. It will be Boeing’s second attempt to reach the 250-mile-high station before putting astronauts on board; software problems botched the first test.

Russia’s long-delayed 22-ton (20-metric-ton) lab called Nauka arrived earlier Thursday, eight days after it launched from the Russian launch facility in Baikonur, Kazakhstan.

The launch of Nauka, which will provide more room for scientific experiments and space for the crew, had been repeatedly delayed because of technical problems. It was initially scheduled to go up in 2007.

In 2013, experts found contamination in its fuel system, resulting in a long and costly replacement. Other Nauka systems also underwent modernization or repairs.

Stretching 43 feet (13 meters) long, Nauka became the first new compartment for the Russian segment of the outpost since 2010. On Monday, one of the older Russian units, the Pirs spacewalking compartment, undocked from the station to free up room for the new lab.

Nauka will require many maneuvers, including up to 11 spacewalks beginning in early September, to prepare it for operation.

The space station is currently operated by NASA astronauts Mark Vande Hei, Shane Kimbrough and Megan McArthur; Oleg Novitsky and Pyotr Dubrov of Russia’s Roscosmos space corporation; Japan Aerospace Exploration Agency astronaut Akihiko Hoshide and European Space Agency astronaut Thomas Pesquet.

In 1998, Russia launched the station’s first compartment, Zarya, which was followed in 2000 by another big piece, Zvezda, and three smaller modules in the following years. The last of them, Rassvet, arrived at the station in 2010.

Russian space officials downplayed the incident with Dmitry Rogozin, head of Roscosmos, tweeting: “All in order at the ISS. The crew is resting, which is what I advise you to do as well.”

Seth Borenstein, The Associated Press

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There is contact! -Russia's new Nauka space module docks wit… – MENAFN.COM



(MENAFN – The Peninsula)

MOSCOW: Russia upgraded its capabilities on the International Space Station on Thursday after its new Nauka module, set to serve as a research lab, storage unit and airlock, successfully docked with it after a nervy journey from Earth.

A live broadcast from Russia’s space agency, Roscosmos, showed the module, a multipurpose laboratory named after the Russian word for ‘science’, docking with the ISS at 1329 GMT, a few minutes later than scheduled.

“According to telemetry data and reports from the ISS crew, the onboard systems of the station and the Nauka module are operating normally,” Roscosmos said in a statement.

“There is contact!!!” Dmitry Rogozin, the head of Roscosmos, wrote on Twitter moments after the docking.

Since it launch last week from Kazakhstan’s Baikonur Cosmodrome, the module had suffered a series of glitches that had raised concerns about whether the docking procedure would go smoothly.

Thursday’s development suggests Russia is interested in maintaining the ISS despite previous comments from Rogozin who last month suggested Moscow would withdraw from it in 2025 unless Washington lifted sanctions on the space sector that he said were hampering Russian satellite launches.

Launched in 1998, the ISS is a multinational project and comprises two segments, a Russian one and another one used by the United States and other space agencies.

“After its commissioning, the Russian segment will receive additional room for arranging workplaces, storing cargo and housing water and oxygen regeneration equipment,” Roscosmos said its statement.


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Halifax researcher part of team behind black hole discovery that proves Einstein right – Global News



A researcher at Saint Mary’s University in Halifax was part of a team of scientists that observed light coming from behind a black hole for the very first time, confirming a prediction from famous physicist Albert Einstein’s theory of general relativity.

While scientists have seen X-ray emissions around black holes before, it’s the first time light has been spotted behind a black hole – and the new discovery could lead to a better understanding of what’s still largely considered to be an astronomical mystery.

Luigi Gallo, a professor of astronomy at Saint Mary’s University who’s been studying black holes for 20 years, worked on the data analysis and interpretation for this research project, led by Stanford University astrophysicist Dan Wilkins.

“They’re my favourite objects, but I think I’m biased a bit,” Gallo said of black holes. “It’s the most extreme object in space, right? We don’t know a lot about them.”

Read more:
Nova Scotia professor studies light at the edge of supermassive black holes

Gallo’s research focuses on supermassive black holes – the regions in space where gravity is so strong that not even light can escape. Supermassive black holes are 10 million times larger than the sun.

Because of their very nature, black holes themselves can’t be seen. Scientists are only able to observe the objects around them.

As materials in space fall into a black hole, they form what’s called an “accretion disk,” where they spiral around before falling into the black hole.

The flares echo off of the gas falling into the black hole, and as the flares were subsiding, short flashes of X-rays were seen corresponding to the reflection of the flares from the far side of the disk, bent around the black hole by its strong gravitational field.

ESA/S. Poletti

On top of a black hole is a primary light source known as a “corona,” which illuminates the material. When the light shines onto the accretion disk, it bounces off and creates X-ray emissions or flares.

“It’s not exactly like a reflection in a mirror. What happens is that light comes back with different colours and it comes back at different times,” Gallo explained.

Proving Einstein right

What the five-person research team observed was a big flare coming from a supermassive black hole in a galaxy 800 million light-years away known as I Zwicky 1, using two space-based X-ray telescopes from NASA and the European Space Agency.

Shortly after seeing the big flare, Gallo said they observed a smaller flare in a different colour – an “echo” of the first flare.

“We were able to interpret that as light coming from the other side of the black hole,” said Gallo. “Which is really kind of cool, we haven’t ever been able to isolate exactly where light is coming from on the accretion disk … but in this instance, we’re actually able to say, ‘Oh, this light is coming from behind the black hole.’”

Click to play video: 'Shedding light on a black hole'

Shedding light on a black hole

Shedding light on a black hole – Mar 26, 2021

That echo could be seen because the black hole was warping space by bending light around itself. Thus, Einstein’s century-old prediction was proven right, Gallo said.

“This is basically confirming how the space-time around a supermassive black hole is shaped,” he said.

“That’s why we can see light coming from behind the black hole, it’s because it’s taken this curved path around the black hole and landing now on us, so that we can see it … Because space is bent, which is a prediction of general relativity, we’re able to see what’s behind the black hole.”

This research, published earlier this week in Nature, opens the door a little further for scientists studying black holes.

Read more:
Astronomers observe collision of 2 black holes — 7 billion years later

Gallo said it will allow them to eventually draw a 3D picture of what the region around the supermassive black hole looks like. As well, he said they will continue to study “coronas” to better understand them, which was actually the driving motivation behind this discovery.

Gallo took note of the “incremental” nature of science and said there are decades of other discoveries that led them to this point.

“The telescopes that we work on get better and better with time, and the techniques that we develop get better and better,” he said.

“The discovery made today … is based on decades of work of many, many other scientists that brought us here.”

Read more:
New ‘black neutron star’ stuns astronomers with its spectacular death

He added that it’s important to study black holes, since their formation and evolution is “tightly linked” to the formation and evolution of galaxies.

“Galaxies are stars, and then the stars are forming planets, and planets are where we are,” he said. “All this is kind of tied in understanding the origins of where we come from.

“So it is an important field of research, but it’s fun. So it’s kind of easy for me to justify doing this kind of work.”

— With a file from The Canadian Press

© 2021 Global News, a division of Corus Entertainment Inc.

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