10:05 AM EST - Fosterville South Exploration Ltd. : Has intersected multiple intervals of high-grade gold in drill holes during the initial phase of core drilling at its Golden Mountain Project in Victoria, Australia. Highlights: Drill hole GMDH 36 records 8.3 metres at 6.91 g/t Au from 58.5 m including 1.7 m at 30.72 g/t Au; Drill hole GMDH 35 records 47 metres at 2.67 g/t Au from 68 m including 4 m at 11.8 g/t Au; Additional assays expected soon including additional results from drill hole GMDH 36; Application submitted for a 5,120 metre drill permit at Lauriston Project. Fosterville South Chief Operating Officer, Rex Motton, states, "Every diamond core drillhole we have completed at Golden Mountain has intersected gold mineralisation and today's results, include more high grade gold as well as lengthy intercepts, continue to support our belief in the potential of this project. Drilling is ongoing and we expect more results imminently. As well, we are very pleased to report that we have now completed access agreements with multiple private landowners to drill at high priority drill targets at our Lauriston Project. Lauriston is a 600 sq km land package and is immediately south of and adjacent to Kirkland Lake Gold's Fosterville tenements. Based on this, we have applied with the Earth Resources & Regulations to commence a 5,120 metre drill program at Lauriston." Fosterville South Exploration Ltd.
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