logo-loader
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: 0.23 AUD

ASX:SAU
Market: ASX
Market Cap: $20.21 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. 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...

In exchange for publishing services rendered by the Company on behalf of Southern Gold Limited named herein, including the promotion by the Company of Southern Gold Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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

2 min read