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Fosterville South Exploration Ltd. (FSX) has announced an agreement to acquire a 2166 sq. km mineral exploration land package in Papua New Guinea from Wild Dog Resources Inc. (WDR). This acquisition includes multiple Exploration Licenses (EL) and Exploration License Applications (ELA). Key highlights of the acquisition feature a contiguous 614 sq. km project adjacent to K92 Mining Inc. exploration tenements, enhancing FSX's existing gold land package in Australia. The land package presents both early and advanced stage exploration targets, with a focus on high-grade epithermal vein and porphyry style mineralization. FSX's strong cash position post-transaction will support advancing these assets, leveraging their team's experience in Southeast Asia. The deal is expected to increase FSX's potential for discovering Tier 1 Copper-Gold deposits in PNG.
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