viewSouthern Gold Limited

Southern Gold substantial holder increases stake to 12.01%

The company is exploring targets in South Korea with significant discovery potential of high-grade gold-silver epithermal systems.

Southern Gold Limited - Southern Gold substantial holder increases stake to 12.01%
Walk-up drill targets starting to be tested - drilling at Beopseongpo now

Southern Gold Limited (ASX:SAU) substantial holder PS Super Nominee Pty Ltd has increased its interest in the company from 10.09% to 12.01% after purchasing 2,134,000 shares.

South Korean gold and silver exploration

The company recently received high-grade gold assays from surface rock chip and float sampling as part of a detailed mapping exercise at the Neungju project in South Korea.

The new assays returned a peak of 31.8 g/t gold and 6.6 g/t silver in sub-crop and 13.4 g/t gold and 13.1 g/t silver in float.

Extract from Southern Gold’s recent presentation

Quick facts: Southern Gold Limited

Price: 0.14 AUD

Market: ASX
Market Cap: $17.97 m

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Southern Gold awaiting assays from recent drilling at its Beopseongpo...

Southern Gold Ltd's (ASX:SAU) Simon Mitchell tells Proactive's Andrew Scott they've completed drilling at the Beopseongpo project and have new programs underway at the Deokon and Aphae projects. Mitchell says assays are expected from the Hand of Faith drill hole within the wider Beopseongpo...

4 days, 14 hours ago

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