Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: ASX:SAU
News: Latest news
Web Site: Southern Gold
Other Articles: 09-12-200908-12-200902-12-2009

RSS - Subscribe to the News Today on Proactive UK ▼

Monday March 15, 07:38Gulf Keystone raises £16m for 2010 Kurdistan campaign

Gulf Keystone has completed a fully subscribed placing that will provide the finance for work on the Shaikan and Sheikh Adi blocks in 2010.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive NA ▼

Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

FULL ARTICLE ►
Southern Gold

Southern Gold

Southern Gold is a gold focused resources business with advanced exploration assets within Australia and Cambodia.

Wednesday, December 09, 2009

Southern Gold old Bulong gold camp shows some new life

by Ross Louthean, Mineweb.net company news image

Southern Gold Ltd (ASX: SAU) said today that it had received more outstanding drill intersections at its Bulong prospect in Western Australia as a follow up to an earlier hole that produced a wide intersection of medium grade gold.

The new drill hits at Bulong included 66 metres grading 2.9 grams/tonne gold, 42m @ 2.7 g/t and 43m @ 3.4 g/t gold.

The company said it was now targeting mineralised extensions at the Cannon and Monument prospects at Bulong.

Managing director Stephen Biggins said geophysical data suggests that Cannon may connect with the nearby Pinner prospect and may also link with the Homerton and Monument prospects.

The latest drilling will take in RC drilling at Cannon and the identified 550 metre long Monument prospect including a target 50m away which is held as a joint venture.

The new programme will involve at least 12 holes to depths of up to 200m metres with some holes less than 50m metres from the joint funded 66 metre long discovery intersection. First assay results are expected by early January 2010.

While several companies have held ground at Bulong in recent years there have been only limited positive results from generally less aggressive prospecting. The first hope of a renaissance came with a mid 1980s plan to re-open the Queen

Margaret underground gold mine, but this faded with a market slump and a lacklustre gold price.

Then in the 1990s Bulong was one of the three focal points in Western Australia for ambitious pressure oxidation processing of nickel-cobalt laterites but the Bulong project was shortlived, and its costly processing plant was converted by Lionore International - before it was taken over by Norilsk Nickel -- for treating lower grade nickel sulphides.

Mineweb is a web-based international mining publication focusing on mining financial and corporate news and comment.

 

AddThis Feed Button
Register here to be notified of Proactiveinvestors One2One Forums.

Other Southern Gold news

More news ►

Investors interested in Southern Gold recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.