Fosterville East Project
Location and History
The Fosterville East Project is located in the state of Victoria, Australia, within the highly prospective Bendigo Structural Zone. It lies approximately 10 kilometres east of the Fosterville Gold Mine, owned by Agnico Eagle Mines Limited. The project area is situated immediately east of a previously restricted moratorium zone, which limited historic exploration but preserved geological potential.
The tenement covers a largely untested region beneath shallow soil cover. Carlton Precious Inc. acquired the project as part of its Australian asset portfolio through an agreement with Stavely Minerals Limited and its subsidiaries.
In 2021, the Company completed a 50-line kilometre gravity survey across Fosterville East, comprising five east-west and one north-south line, including areas near known historical workings. These results provided initial geophysical data used in structural interpretation and targeting.
Geological Potential
The Fosterville East licence covers ground interpreted to be structurally connected to the Mount Pleasant Fault, a major fault zone that is sub-parallel to the key structural controls at the nearby Fosterville Gold Mine. The licence also lies within a few kilometres of the Heathcote Fault Zone, a significant north-northeast trending fault system associated with other major Victorian goldfields.
The project’s geology is considered favourable for structurally controlled gold mineralization hosted within sedimentary rock sequences. Gold at Fosterville and in the broader Bendigo Zone is typically associated with faults that splay off large regional structures, a model supported by Carlton’s targeting work.
In 2024, the Company undertook structural targeting to define drill priorities. Subject to financing, Carlton plans to initiate a comprehensive air-core drilling program in 2025 to test interpreted structures and follow up on gravity anomalies.
Exploration Plans
In 2025, Carlton plans to advance Fosterville East through:
A comprehensive air-core drilling program, based on geophysical targeting and structural interpretations to be completed in 2025
- Further refining of drill targets using data from the 2021 gravity survey and historical geologic interpretations
Up to 10,000 meters of air core planned along seven east-west lines of up to 80 holes drilled with 300 m spacing to the depth of 80 – 150 m
Costs (AUS $) are as follows:
- 10,000 x $30 per metre = $300,000
- Assays for 2000 samples @ $25 per sample = $50,000
- Support crew, vehicles, core boxes = $100,000
- Contingency, supervision, interpretation = $50,000
Total for the program is $500,000 (Australian Dollars)
Program planned to start in June and take 3 months to complete.
Fosterville East Project
Location and History
The Fosterville East Project is located in the state of Victoria, Australia, within the highly prospective Bendigo Structural Zone. It lies approximately 10 kilometres east of the Fosterville Gold Mine, owned by Agnico Eagle Mines Limited. The project area is situated immediately east of a previously restricted moratorium zone, which limited historic exploration but preserved geological potential.
The tenement covers a largely untested region beneath shallow soil cover. Carlton Precious Inc. acquired the project as part of its Australian asset portfolio through an agreement with Stavely Minerals Limited and its subsidiaries.
In 2021, the Company completed a 50-line kilometre gravity survey across Fosterville East, comprising five east-west and one north-south line, including areas near known historical workings. These results provided initial geophysical data used in structural interpretation and targeting.
Geological Potential
The Fosterville East licence covers ground interpreted to be structurally connected to the Mount Pleasant Fault, a major fault zone that is sub-parallel to the key structural controls at the nearby Fosterville Gold Mine. The licence also lies within a few kilometres of the Heathcote Fault Zone, a significant north-northeast trending fault system associated with other major Victorian goldfields.
The project’s geology is considered favourable for structurally controlled gold mineralization hosted within sedimentary rock sequences. Gold at Fosterville and in the broader Bendigo Zone is typically associated with faults that splay off large regional structures, a model supported by Carlton’s targeting work.
In 2024, the Company undertook structural targeting to define drill priorities. Subject to financing, Carlton plans to initiate a comprehensive air-core drilling program in 2025 to test interpreted structures and follow up on gravity anomalies.
Exploration Plans
In 2025, Carlton plans to advance Fosterville East through:
A comprehensive air-core drilling program, based on geophysical targeting and structural interpretations to be completed in 2025
- Further refining of drill targets using data from the 2021 gravity survey and historical geologic interpretations
Up to 10,000 meters of air core planned along seven east-west lines of up to 80 holes drilled with 300 m spacing to the depth of 80 – 150 m
Costs (AUS $) are as follows:
- 10,000 x $30 per metre = $300,000
- Assays for 2000 samples @ $25 per sample = $50,000
- Support crew, vehicles, core boxes = $100,000
- Contingency, supervision, interpretation = $50,000
Total for the program is $500,000 (Australian Dollars)
Program planned to start in June and take 3 months to complete.
Fosterville East Project
Location and History
The Fosterville East Project is located in the state of Victoria, Australia, within the highly prospective Bendigo Structural Zone. It lies approximately 10 kilometres east of the Fosterville Gold Mine, owned by Agnico Eagle Mines Limited. The project area is situated immediately east of a previously restricted moratorium zone, which limited historic exploration but preserved geological potential.
The tenement covers a largely untested region beneath shallow soil cover. Carlton Precious Inc. acquired the project as part of its Australian asset portfolio through an agreement with Stavely Minerals Limited and its subsidiaries.
In 2021, the Company completed a 50-line kilometre gravity survey across Fosterville East, comprising five east-west and one north-south line, including areas near known historical workings. These results provided initial geophysical data used in structural interpretation and targeting.
Geological Potential
The Fosterville East licence covers ground interpreted to be structurally connected to the Mount Pleasant Fault, a major fault zone that is sub-parallel to the key structural controls at the nearby Fosterville Gold Mine. The licence also lies within a few kilometres of the Heathcote Fault Zone, a significant north-northeast trending fault system associated with other major Victorian goldfields.
The project’s geology is considered favourable for structurally controlled gold mineralization hosted within sedimentary rock sequences. Gold at Fosterville and in the broader Bendigo Zone is typically associated with faults that splay off large regional structures, a model supported by Carlton’s targeting work.
In 2024, the Company undertook structural targeting to define drill priorities. Subject to financing, Carlton plans to initiate a comprehensive air-core drilling program in 2025 to test interpreted structures and follow up on gravity anomalies.
Exploration Plans
In 2025, Carlton plans to advance Fosterville East through:
A comprehensive air-core drilling program, based on geophysical targeting and structural interpretations to be completed in 2025
- Further refining of drill targets using data from the 2021 gravity survey and historical geologic interpretations
Up to 10,000 meters of air core planned along seven east-west lines of up to 80 holes drilled with 300 m spacing to the depth of 80 – 150 m
Costs (AUS $) are as follows:
- 10,000 x $30 per metre = $300,000
- Assays for 2000 samples @ $25 per sample = $50,000
- Support crew, vehicles, core boxes = $100,000
- Contingency, supervision, interpretation = $50,000
Total for the program is $500,000 (Australian Dollars)
Program planned to start in June and take 3 months to complete.