RE: Drill rig6 Jan 2021 09:11
Well at least someone has started drilling in Victoria:-
Today, Fosterville South announced the start up of drilling at the Lauriston gold project, which is a flagship project for a few key reasons.
Lauriston – Next to Highest Grade & Lowest Cost Gold Mine in the World
Lauriston is immediately south of and contiguous with Kirkland Lake Gold’s Fosterville Mine tenements. It is a huge 600 square kilometer property and the big regional structures that run through Kirkland Lake’s ground also run through Lauriston. In fact, the control of the Lauriston property is the reason Fosterville South is noted as perhaps having “the world’s best address for high grade gold.”
When people see the geological attributes of Lauriston, review the reports of gold production from the 1800s and note that it borders Kirkland Lake Gold’s Fosterville ground, they wonder how Fosterville South tied it up during the current gold rush going on in the region. The fact is, this land position was assembled long before Fosterville became the household name that it is today.
Fosterville South co-founder and COO Rex Motton applied for Lauriston at the start of 2017 and Rex being so far ahead of the pack of companies now involved in the modern-day gold rush occurring in the region is very much a case of home field advantage. Rex is a local guy and before a successful career as an international geologist spent his teenage years roaming around this gold belt. In fact, his home today is a short 30-minute drive from the Fosterville tenements.