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Fosterville South Acquires Walhalla Belt Project in Victoria in Australia

Mining News - Published on Fri, 22 May 2020

Image Source: Fosterville South Walhalla Belt Project
Fosterville South Exploration Ltd announced that it has expanded its portfolio of high quality gold projects with the consolidation and acquisition of the 547 square kilometre Walhalla Belt Project in Victoria in Australia. Fosterville South COO Rex Motton said "Consolidating this prospective high-grade gold field is a significant achievement for Fosterville South. The Walhalla Belt Project contains one of the most compelling exploration targets in the state of Victoria with opportunities to extend past high grade mineralization at depth and along strike. We suspect that additional high-grade mineralization remains at Cohen's reef with prior focus on the +33 g/t gold shoot. The acquisition of these tenement applications is a major coup for our operational and exploration team where preparation meets opportunity."

Walhalla Belt Project has been consolidated by Fosterville South into a major 547 sq km land package.
Total recorded historic hard rock gold production from the project of 1,510,309 ounces of gold at a recovered grade of 33.59 g/t gold.
Dozens of high priority exploration targets including former mines, most with no modern drilling.

The Walhalla Belt Project has now been consolidated by Fosterville South into a major land holding, with 6 tenement applications composed of 547km2 and containing 91 hard-rock prospects with 31 of them having production figures from the late 19th and early 20th centuries. The total recorded gold production from these 31 prospects (located within 5 tenement applications) amounts to 1,510,309 ounces at a recovered grade of 33.59 g/t Au.

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Posted By : Yogender Pancholi on Fri, 22 May 2020
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