Sean K
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Even gold and silver getting clobbered. Nothing will escape.
Tomorrow would be a nice day to go on a winery tour without the phone.
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Even gold and silver getting clobbered. Nothing will escape.
Tomorrow would be a nice day to go on a winery tour without the phone.
Nope
But, sellers left the register at 6c and new buyers are happy with the run since then.
I suppose there could be some insider trading.
Drilling is being undertaken on farmland with particular focus on leaving no impact on paddocks, with closed circuit water management, removal of drill cuttings and samples from site, and real-time rehabilitation of drill hole collars and pads (see Figure 3).
These anomalies are considered gold targets because they may indicate the presence of disseminated sulphides, which form as alteration zones around discrete gold mineralised lodes. Such disseminated sulphides haloes are known to occur around the gold mineralised lodes at the Fosterville mine itself, where they also manifest as DDIP chargeability anomalies over known mineralisation, as shown in work undertaken by the previous owners of the mine, Kirkland Lake, in what is now public domain data (refer to S2 ASX announcement of 16 February 2023). The newly defined DDIP chargeability and resistivity anomalies are also located in a favourable geological position, directly associated with the interpreted northerly extensions of the key faults that host gold mineralisation at the Fosterville mine, and at S2’s Blackadder prospect (refer to S2 ASX announcement of 24 June 2024 and Figures 1 and 2).
Following the completion of this initial aircore program, the team will move to the Glenlogan project in New South Wales, where S2 is earning up to an 80% interest from Legacy Minerals. Diamond drilling of a copper-gold porphyry-style target comprising coincident chargeability, resistivity and conductivity anomalies (refer to S2 ASX announcement of 17 February 2025) is scheduled to commence in late April and proceed throughout May.
chart update
After the Double bottom played out perfectly a Rectangle chart consolidation pattern is taking place with a 0.125c target price which should be enough for me to take out 1st place in the April tipping comp and the assay from Fosterville and Glenlogan shortly afterwards enough to run away with the May comp....GL
They should have finished the first holes 2 weeks ago so results in 1-2 weeks. If they had have hit visible sulphides perhaps there'd be a tick up or they've got a tight ship.
They're only doing AC drilling which is pretty limited, but I suppose they're trying to conserve cash until they get a better indication of what might be there to follow up with RC or DD.
Not expecting too much.
"The drilling penetrated varying depths of the Murray Basin cover sequence and identified basement geology of sandstones and shales which are the preferred host to gold mineralisation in Victoria. Zones of hydrothermal quartz veining were identified in a number of holes but it is not possible to know whether these are mineralised or barren until assay results are received."
That's not Fosterville.
No comments on the Fosterville holes except the assays are due mid-May. Imminent.
it's trading like it's generally known the upcoming results are a disaster
Upcoming results due.....
Air Core - Assay Results still pending Yeungroon still in the North Bendigo Zone or on the Avoca fault Eastern border...
Air Core - Assay results due now Rasmussen stated time frame 2-3 weeks drilling 3-4 weeks assay's now 7 weeks so due now...
The project covers approximately 25 strike kilometres of the Avoca Fault (see Figure 1), which is the major crustal boundary between the Bendigo Zone (to the east) and the Stawell Zone (to the west), and is located within the Pitfield Plains goldfields, mined between the late 1800s and 1908, with numerous occurrences of alluvial “deep-lead” mine workings and also hardrock gold mineralisation at the Glenfine South mine, which produced 43.7 thousand ounces of gold at an average grade of 16 g/t gold2 (see Figure 2).
Victoria's government has estimated that a significant amount of gold remains undiscovered in the Northern Bendigo Zone. The "Gold Undercover" initiative estimated a potential ~32 Moz of undiscovered gold beneath Murray Basin cover in this area. Additionally, the Geological Survey of Victoria estimates that there may be up to 75 million ounces of gold yet to find in the central and north central Victorian goldfields.
News just in.....
Fosterville expansion plans have the green light by Victorian planning minister..... Announced last Friday 23rd May 8pm
And on the 23rd April 2025
Agnico was granted exploration licences for Block 1,2 and 3...
S2R Holds block 4 that surrounds their Fosterville mine.....
Gee, some of the cases against expansion sound good. Houses vibrating, water contamination, causing an 3.6 earthquake last year - I can't remember that. I wonder how much of that was made up by the EDO? It still has to go through the Commonwealth now so if Plibo is still in charge they might find a threatened blue banded bandicoot on the site as well. So, still could be years away from full approval after all the appeals are batted away, if ever.
This all makes me seriously wonder how S2R could get a mining application through for a start-up mine, even after they firm up a resource to BFS. Their best chance to make any money here might be a discovery and they get taken over by Agnico who then take on the permitting process. That's years away.
They have structured the Co to have multiple subsidiary PTY LTD companies for eg - Fosterville is under Southern Star Exploration Pty Ltd, Sirius Europa Pty Ltd, Third Eye Pty Ltd - Jillawarra, and Dark Star Pty Ltd - Polar Bear Nickel etc etc...
In the podcast MB talked about it would be highly unlikely another mine would be built and that any discovery the ore would more than likely processed through the now under fed Fosterville mill one way or another....
The mine’s expansion is part of a long-term vision that will see Fosterville Gold Mine continue as a major player in both domestic and international gold news for at least the next ten years.
So, the way I'm reading it, anything that S2R might discover, they anticipate it will just be trucked to the current mill under an agreement with Agnico. Maybe that's already been done over a few pots at the local pub?
If that's not the case, then they should hop to it and put an MOU in place to make it happen.
S2R - S2 Resources
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Even gold and silver getting clobbered. Nothing will escape.
Tomorrow would be a nice day to go on a winery tour without the phone.
Sean K
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Sean K
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Nope
But, sellers left the register at 6c and new buyers are happy with the run since then.
that's the labs though isn't it? what about what's seen beforehand?
Sean K
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I suppose there could be some insider trading.
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Fosterville drilling completed last weekend they are testing 2 out of 3 anomaly's identified by new dipole dipole induced polarisation (DDIP) anomalies identified in early March....
Drilling is being undertaken on farmland with particular focus on leaving no impact on paddocks, with closed circuit water management, removal of drill cuttings and samples from site, and real-time rehabilitation of drill hole collars and pads (see Figure 3).
These anomalies are considered gold targets because they may indicate the presence of disseminated sulphides, which form as alteration zones around discrete gold mineralised lodes. Such disseminated sulphides haloes are known to occur around the gold mineralised lodes at the Fosterville mine itself, where they also manifest as DDIP chargeability anomalies over known mineralisation, as shown in work undertaken by the previous owners of the mine, Kirkland Lake, in what is now public domain data (refer to S2 ASX announcement of 16 February 2023). The newly defined DDIP chargeability and resistivity anomalies are also located in a favourable geological position, directly associated with the interpreted northerly extensions of the key faults that host gold mineralisation at the Fosterville mine, and at S2’s Blackadder prospect (refer to S2 ASX announcement of 24 June 2024 and Figures 1 and 2).
Following the completion of this initial aircore program, the team will move to the Glenlogan project in New South Wales, where S2 is earning up to an 80% interest from Legacy Minerals. Diamond drilling of a copper-gold porphyry-style target comprising coincident chargeability, resistivity and conductivity anomalies (refer to S2 ASX announcement of 17 February 2025) is scheduled to commence in late April and proceed throughout May.
chart update
After the Double bottom played out perfectly a Rectangle chart consolidation pattern is taking place with a 0.125c target price which should be enough for me to take out 1st place in the April tipping comp and the assay from Fosterville and Glenlogan shortly afterwards enough to run away with the May comp....GL
![](data:image/svg+xml;charset=utf-8,<svg height="702px" width="1600px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
Garpal Gumnut
Ross Island Hotel
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Great posts @Kyngdom . All the best with S2R. A 22% gain this calendar month has you in 3rd place in the ASF competition. I must look at it more closely.
gg
gg
Sean K
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They should have finished the first holes 2 weeks ago so results in 1-2 weeks. If they had have hit visible sulphides perhaps there'd be a tick up or they've got a tight ship.
They're only doing AC drilling which is pretty limited, but I suppose they're trying to conserve cash until they get a better indication of what might be there to follow up with RC or DD.
Not expecting too much.
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If they had have hit visible sulphides perhaps there'd be a tick up or they've got a tight ship.
"The drilling penetrated varying depths of the Murray Basin cover sequence and identified basement geology of sandstones and shales which are the preferred host to gold mineralisation in Victoria. Zones of hydrothermal quartz veining were identified in a number of holes but it is not possible to know whether these are mineralised or barren until assay results are received."
Sean K
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That's not Fosterville.
![](data:image/svg+xml;charset=utf-8,<svg height="662px" width="1460px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
No comments on the Fosterville holes except the assays are due mid-May. Imminent.
![](data:image/svg+xml;charset=utf-8,<svg height="504px" width="1546px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
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it's trading like it's generally known the upcoming results are a disaster
Upcoming results due.....
Air Core - Assay Results still pending Yeungroon still in the North Bendigo Zone or on the Avoca fault Eastern border...
Air Core - Assay results due now Rasmussen stated time frame 2-3 weeks drilling 3-4 weeks assay's now 7 weeks so due now...
The project covers approximately 25 strike kilometres of the Avoca Fault (see Figure 1), which is the major crustal boundary between the Bendigo Zone (to the east) and the Stawell Zone (to the west), and is located within the Pitfield Plains goldfields, mined between the late 1800s and 1908, with numerous occurrences of alluvial “deep-lead” mine workings and also hardrock gold mineralisation at the Glenfine South mine, which produced 43.7 thousand ounces of gold at an average grade of 16 g/t gold2 (see Figure 2).
Victoria's government has estimated that a significant amount of gold remains undiscovered in the Northern Bendigo Zone. The "Gold Undercover" initiative estimated a potential ~32 Moz of undiscovered gold beneath Murray Basin cover in this area. Additionally, the Geological Survey of Victoria estimates that there may be up to 75 million ounces of gold yet to find in the central and north central Victorian goldfields.
![](data:image/svg+xml;charset=utf-8,<svg height="1259px" width="1259px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
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Lets see what June brings May looking to be a disaster but still could surprise over the coming days to end of month...
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News just in.....
Fosterville expansion plans have the green light by Victorian planning minister..... Announced last Friday 23rd May 8pm
Biggest gold mine in Victoria greenlit to grow despite neighbours' woes
Fosterville Gold Mine is given the go-ahead to expand by the state's planning minister, despite concerns from nearby residents who say the mine causes noise, dust and vibrations in their homes.
And on the 23rd April 2025
Agnico was granted exploration licences for Block 1,2 and 3...
S2R Holds block 4 that surrounds their Fosterville mine.....
New exploration licences granted
Keep up with the latest news from Fosterville Gold Mine. We conduct all sorts of community and envirnmental projects plus biannual Fosterville Gold Mine Grants. If you live in the Greater Bendigo region and beyond you will want to stay up with all the latest news from Frosterville
Sean K
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Gee, some of the cases against expansion sound good. Houses vibrating, water contamination, causing an 3.6 earthquake last year - I can't remember that. I wonder how much of that was made up by the EDO? It still has to go through the Commonwealth now so if Plibo is still in charge they might find a threatened blue banded bandicoot on the site as well. So, still could be years away from full approval after all the appeals are batted away, if ever.
This all makes me seriously wonder how S2R could get a mining application through for a start-up mine, even after they firm up a resource to BFS. Their best chance to make any money here might be a discovery and they get taken over by Agnico who then take on the permitting process. That's years away.
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Murray Watt is now in charge of Environment and Water.
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MB talked about that in the CEO BBQUE Video I posted previously...
They have structured the Co to have multiple subsidiary PTY LTD companies for eg - Fosterville is under Southern Star Exploration Pty Ltd, Sirius Europa Pty Ltd, Third Eye Pty Ltd - Jillawarra, and Dark Star Pty Ltd - Polar Bear Nickel etc etc...
In the podcast MB talked about it would be highly unlikely another mine would be built and that any discovery the ore would more than likely processed through the now under fed Fosterville mill one way or another....
The Road Ahead: What’s Next for Fosterville Gold Mine?
The approval of the EES marks a pivotal milestone, but the journey isn’t over. Fosterville now requires additional approvals from the Environment Protection Authority (EPA) and the Commonwealth under the Environment Protection and Biodiversity Conservation Act 1999. A detailed Work Plan must also be assessed to ensure compliance with all recommendations.The mine’s expansion is part of a long-term vision that will see Fosterville Gold Mine continue as a major player in both domestic and international gold news for at least the next ten years.
Ministerial Endorsement of Sustained Operations Project
Keep up with the latest news from Fosterville Gold Mine. We conduct all sorts of community and envirnmental projects plus biannual Fosterville Gold Mine Grants. If you live in the Greater Bendigo region and beyond you will want to stay up with all the latest news from Frosterville
Fosterville Gold Mine Sustained Operations Project
The Fosterville Gold Mine Sustained Operations Project proposes activities required to support the existing gold mining operations for at least another ten years.
Bright Future For Fosterville Goldmine
The Allan Labor Government has given the greenlight for the state’s largest gold producer to expand its operations – delivering more local jobs and injecting more than a billion dollars into Bendigo’s economy.Minister for Planning Sonya Kilkenny signed off the Environment Effects Statement (EES)...
Sean K
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So, the way I'm reading it, anything that S2R might discover, they anticipate it will just be trucked to the current mill under an agreement with Agnico. Maybe that's already been done over a few pots at the local pub?
If that's not the case, then they should hop to it and put an MOU in place to make it happen.