Gold Assay From Star Of Glen Sampling Program At Golden Mountain Project

VANCOUVER - Fosterville South Exploration Ltd. reported high grade assays of up to 152g/t gold in rock chip samples at the Star of the Glen target on the Golden Mountain Project, which is a target approximately 4km south east of where drilling is ongoing at the main target area on the project.

Highlights: High-grade rock chip samples of up to 152 g/t Au at Star of the Glen; Drill application for at least 900 metres at Star of the Glen prepared and being submitted; Access is secured at Star of the Glen with a private landholder agreement in place; and Drilling ongoing at main target area at Golden Mountain

In 2019, Fosterville South carried out an initial sampling program at Start of the Glen over 500m of strike with one result at 24.8 g/t Au from a waste dump. Follow up sampling has returned high grade assays of 152 g/t Au, 22.4 g/t Au and 15.2 g/t Au from laminated and brecciated quartz veined rocks. These samples also carried up to 0.6% Sb (antimony) confirming they are epizonal type mineralization. Landowner negotiations have been completed and an Access Agreement has been registered with the state government department Earth Resources & Regulations, thus allowing Fosterville South to apply for a drilling permit.

Chief Operating Officer, Rex Motton, said, “Star of the Glen is an unexplored high-grade gold prospect, which is only four kilometers south east of our main prospect at Golden Mountain. Fosterville South will incorporate this newly proposed drill program into its current exploration operations."

Drilling the main target area at Golden Mountain is ongoing and new permits were recently received to drill from multiple newly approved drill pad locations to target expansion of the mineralized zones, which remain open along strike and at depth.