Proactive Investors - Run By Investors For Investors

Southern Gold hits gold over 750 metres of strike at Hampyeong in South Korea

The scout drilling has returned a best intersection of 0.95 metres grading 5.33 g/t gold from 32.6 metres.
Southern Gold hits gold over 750 metres of strike at Hampyeong in South Korea
Southern Gold is focused on gold assets in South Korea and Western Australia

Southern Gold Limited (ASX:SAU) has encountered gold mineralisation over a 750-metre strike length during scout drilling at Hampyeong Gold Project in South Korea.

The best intersections from the three-hole maiden drill program was 0.95 metres at Nabi target grading 5.33 g/t gold from 32.6 metres and 0.7 metres at A’Cha target at 2.47 g/t from 119 metres.

READ: Southern Gold Ltd continues to get cash from Cannon gold operations

South Australian-based Southern Gold said mineralisation was returned in all three holes.

The Nabi and A’Cha epithermal quartz vein zones are part of a graticule known as Naju 136 for which the South Korea and Western Australia-focused company was granted tenure in February 2018.

A third epithermal quartz vein zone is known as Saseun and continues for more than 400 metres.

Potential future drilling will take in the 4-metre-wide prospect where rock chips graded up to 6.8 g/t gold.

Future drilling at the Nabi and A’Cha veins could continue along-strike and down-dip.

READ: Southern Gold extends farm-in to third South Korean gold project

Southern Gold managing director Mr Simon Mitchell said: “Hampyeong has demonstrated our execution capability in South Korea where we have moved from granted tenure to scout drilling in just a few short months.

“The results are highly encouraging and demonstrate the potential size of the mineralised system and the potential for extension both along-strike and down-dip.

“The target is open in all directions with multiple potential vein hosts to gold mineralisation in this newly discovered system.”

Southern Gold has a number of gold projects in South Korea which the company plans to further explore.

It also has gold prospects in Western Australia.

View full SAU profile View Profile

Southern Gold Ltd Timeline

Related Articles

Pozzolan
January 21 2019
Analysts at SVS said they think Sunrise offers “a clearly defined strategy focused on generating near-term cash flow together with value-enhancing minerals discoveries”
Past drilling at Seko target at Dandoko project where follow-up drilling is taking place this field season
Mon
A $5 million ongoing drilling program has been delivering results since November.
The Geminis pegmatite in the San Luis region, a focus for Latin Resources’ planned exploration program
December 13 2018
The ASX-listed company is focused on South American opportunities.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use