Fosterville South is conducting the first modern exploration of the Reedy Creek goldfield in Australia.

Two core holes have been completed to-date on the Joss high grade gold target.

The results are from the ongoing expansion drill campaign the company is conducting as it prepares a PEA by the end of the year.

The company has drilled about 260,000 metres within the last three years.

Production reached 8,589 oz in July, a 46% increase over June.

The Phoenix probable reserve is 141,000 tonnes grading 19.1% U3O8, for 59.7 million lb. U3O8.

Additional high-grade mineralization was intersected in the footwall corridor during the same drill campaign.

"Filo del Sol is growing into one of the largest copper-gold-silver discoveries ever," company says.