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Southern Gold (ASX:SAU) - Managing Director, Simon Mitchell
Managing Director, Simon Mitchell
Source: The Market Herald
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  • Southern Gold (SAU) begins drilling at the Nettle Zone at the Deokon Gold-Silver Project in South Korea
  • Drilling will target newly a newly mapped structural intersection which hosts coincident peak gold soil anomalies
  • At least two diamond holes will be drilled and the potential exists for more depending on initial results
  • Additionally, sampling has been completed at the Daeam and Geum Mar projects with assay results peaking at 0.56g/t gold
  • Southern Gold is down 1.41 per cent and shares are trading at 7 cents at 1:53 pm AEST

Southern Gold (SAU) has begun drilling at the Nettle Zone at the Deokon Gold-Silver Project in South Korea.

Drilling will target newly a newly mapped structural intersection which hosts coincident peak gold soil anomalies.

High-grade gold and silver mineralisation, silica-illite-adularia-pyrite alteration and competent host rock makes Nettle a compelling drill target.

At least two diamond holes will be drilled and the potential exists for more depending on initial results.

Southern Gold has also completed a soil sampling program at the Daeam Project with assays currently pending.

A total of 419 samples were taken over an area spanning two kilometres in length and 600 metres in width.

Additionally, 88 rock samples were taken and 13 returned greater than 0.5g/t gold.

Soil sampling was also completed at the Geum Mar Project with 434 samples collected and while the results were quite low, work identified a north to north-northwest trend.

A rock chip sampling program was also completed with 75 samples collected and a peak assay of 0.56g/t gold returned.

Shares in Southern Gold were down 1.41 per cent and trading at 7 cents at 1:53 pm AEST.

SAU by the numbers
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