Petratherm Limited announced that it has secured a prospective ground position close to the operating Fosterville and Costerfield Gold Mines. The area contains several historic gold and other mineral prospects in areas of outcrop. Younger cover sediment however masks much of the prospective host rock and these regions have only been very lightly explored. In recent years the utilisation of modern detailed gravity surveying to locate prospective faults under shallow cover sediment has been paramount in identifying potential gold bearing zones for later drill testing. ASX listed Catalyst Metals' has demonstrated the success of this methodology with the both the Four Eagles and Tandarra Prospect gold discoveries under shallow cover sediment north of Bendigo. The resurgent interest in the Victorian Goldfields largely stems from the spectacular success of Kirkland Lake Gold' Fosterville operations which has a production forecast of 550,000 to 610,000 ounces for the 2019 period at an average grade of 31.0 g/t. Petratherm is reviewing previous exploration results and processing geological and geophysical data in readiness to commence field work once the tenement is granted.