High-Potential Mineral Explorers Flying Deep Under The Radar: Fosterville South Exploration
Summary
Fosterville South Exploration's projects cover an area of more than 3,000 square kilometers, in the Australian state of Victoria.
The properties contain numerous high-grade gold occurrences and historical high-grade gold mining operations.
At Walhalla,1.5 million toz gold at a gold grade of 33.59 g/t were produced, but only little modern-day exploration took place on the property.
At Golden Mountain, drill interceptions of 17.1 g/t gold over 10.6 meters, 22.7 g/t gold over 4.6 meters, or 11.9 g/t gold over 8 meters were made recently.
Fosterville holds cash of $23.36 million, which is enough to keep on drilling the large land package.
In this series of articles, I would like to focus on mineral exploration companies that have very high upside potential, but for some reason, they are flying deep under the radars of investors. It is important to note that, although the featured companies have very high upside potential, they are also very risky, as their projects are in early development stages, and there are many things that can go wrong. Therefore, potential investors should be very cautious and invest only a small portion of their portfolios. Previous articles in this series focused on HighGold Mining (OTCQX:HGGOF), and Kodiak Copper (OTC:KDKCF). The third article focuses on Fosterville South Exploration (OTCPK:FSXLF).
seekingalpha.com/article/...dar-fosterville-south-exploration
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