Southern Gold Ltd (ASX:SAU) MD Rob Smillie tells Proactive the company has identified high-grade rare earth element (REE) mineralisation at the Hongcheon deposit of the Jangnam Project in South Korea, with rock chip samples grading up to 3.27% total rare earth oxides (TREO). SAU collected samples from a broad area around the discovery area, having identified a relationship between REE-enriched ironstones and fenite typically associated with carbonatite, a type of host rock for rare earths. From here, SAU intends to trench sample and run a drone magnetics survey over the discovery area in preparation for drilling in the third and fourth quarters of this financial year.
Southern Gold thrilled with strong Jangnam REE results
