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Southern Gold Ltd

Southern Gold begins 2019 field work at South Korean gold projects

A float sample from the Deokon project has returned up to 78.6 g/t gold and 13,000 g/t silver.

Sample from Deokon project
The field program aims to identify and sample outcrops and extending parallel structures

Southern Gold Limited (ASX:SAU) has begun 2019 fieldwork and has deployed a geological consultant, an expert in epithermal mineral systems, to advance several prospects in preparation for drilling within its wider Deokon Gold Project in South Korea.

Follow-up on a new mineralised area at Deokon has returned up to 78.6 g/t gold and 13,000 g/t silver in a float sample, extending the potential to the east.

Deokon project location

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Southern Gold managing director Simon Mitchell said: “We have received the highest gold plus silver assay result of any sample taken by Southern Gold in South Korea and intend to follow up so that tenure can be extended to the east of the current Deokon project area.

“While we have a tenement application over the area, our fieldwork over the next few weeks will aim to generate sufficient technical support to enable the application to be converted to a granted exploration licence.

“This is an example of why Southern Gold is so excited by the opportunity represented by South Korean exploration potential, which we believe to be enormous.

“We have already started to uncover some very exciting results from Beopseongpo with initial ground-work providing compelling support to the high-quality nature of this target and we will provide an update on this very shortly.”

Deokon project

At Deokon the newly defined East Vein appears to be in a zone of dilation with wider veining observed and some samples consisting of pervasive and intense silica-illite clay replaced rhyolite dkye margin up to one metre thick.

Encouraging gold and silver results have been returned from this target area.

Multiple veins have been identified at district scale including a new area to the east of the currently held tenure that has returned the bonanza float sample result and is indicative of a highly mineralised system in the near vicinity.

The project is 200 kilometres south of Seoul in Yeondong province and 100 kilometres south-southwest of where Southern Gold operations are based.

Work so far has included systematic field traversing and extensive rock and grab sampling.

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Preparations are also underway at the Weolyu project with improved road access to allow mobilisation of drilling equipment in April with drilling planned to begin in late April or early May.

Initial drilling will be undertaken using a Metreeater pneumatic drill rig coring with conventional LTK60 rods that will produce core with a 44-millimetre diameter.

This has been elected due to its portability, pneumatic power and ability to fit into the small profile historical workings.

The aim of the program is to provide proof of concept of drilling by firstly targeting the Weolyu Surprise vein from surface, then from within old workings on the 330 Level development targeting the Mystery vein.

Weolyu project location and Weolyu South project geology.

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Southern Gold strikes ‘bonanza’ grades at Deokon gold-silver discovery in...

Southern Gold Limited (ASX: SAU) managing director Simon Mitchell updates Proactive Investors on a gold-silver discovery in South Korea that has returned ‘bonanza’ grade results. The outcrop and float assays are from the project’s April–June 2019 field program, with assays returning a...

on 18/7/19

3 min read