Fosterville South Exploration – An overview of the land package around the Fosterville Gold Mine and exploration plans
Bryan Slusarchuk, CEO of Fosterville South Exploration (TSX.V:FSX – OTC:FSXLF) joins Shad and I to provide a comprehensive update on the Company’s strategy on its 4,000 km² land package consisting of multiple properties around in Victoria Australia around the Fosterville Gold Mine. We focus on the ongoing exploration strategy at three main projects being drilled currently, including the Lauriston Project, Golden Mountain Project, and Moormbool Property.
If you have any follow up questions for Bryan please email us at either Fleck@kereport.com or Shad@kereport.com.
Click here to read over the Fosterville South Exploration Presentation.
thanks for the update….
Yes, being adjacent to Kirkland Lake’s Fosterville Mine, has put them on the map with drill junkie investors and more seasoned investors like Eric Sprott and Ross Beaty. They have a number of projects on their large land package that Rex staked early into this area play, and I’m curious to see how their drilling at 3 of those targets goes over the next few months.
Mr. Slusarchuk has helped me make some nice money in the past (K92 Mining). However, he has said that FSX was going to get very newsy and that was in the first half of 2020. Well, I’m still waiting for the news. I’m still a believer and holding a large number of shares. Time to make some news.
Yes, Bryan did an excellent job in his time with K92 Mining, and I also had a very nice run in that stock during 2018 and 2019.
By everything we reviewed in the above editorial and based on their recent press releases, it does appear Fosterville South is going to be doing a lot of drilling over the next few months, so it should be very newsy indeed.
Apprecciatte input from invested people.
1. Im a new gold investor, a year ago i jumped in very excited. Is this investment still look like a kirkland lake possibility ?
2. Or was i a foolish ignorant investor ?
Meaning stocks dropped over 50% from high and a year later not worlds biggest gold mind ?
Think you for your remarks
Hi there Cliff. None of us can give investment advice and really everyone must decide for themselves what the right investing risk, time horizons, goals of trade, and acceptable losses/ or desired gains are in any trade.
Many investors are still very interested in seeing how this year’s exploration program goes with Fosterville South, at Lauriston Project, Golden Mountain Project, and Moormbool Property first, and then likely Enoch’s point later in the year. We’ll have to let the drills be the truth machines and look at how the assay results come back and what the companies geologists think that data means.
Personally, I bought some Fosterville South back on February 26th, and added more to the position on April 9th, and trimmed a little back on April 19th, but kept the core position in place for this year’s drill campaign. I might add a bit more in the next week or two depending on how much dry powder I keep or build up from other trades, but mostly want to see how the drilling goes first before doing much more.
Wishing you prosperity in your trading.
I took a position in this company a few weeks ago.
KWN…….. has been talking about this one for well over a year……