Wednesday, August 18, 2010
ProactiveInvestors.com.au
Southern Gold has identified new high grade gold at the Gossan prosect within the Preak Khlong tenement at the Kratie South Project in Cambodia and has now completed exploration activities for the 2009‐2010 field season.
The best results from diamond core drilling on the Gossan prospect include; 3m @ 14.60 g/t Au, 0.4% Pb, 0.5% Zn and 0.1% Cu from 38m (including 1m @ 34.57 g/t Au) (DD10GSN003) and 2m @ 1.44 g/t Au from 88m (DD10GSN002).
Best rock chip results include; 35.55 g/t Au, 2.8% Zn, 2.9% Pb and 119.5 g/t Ag and 26.16 g/t Au, 23.6% Pb and 974.7 g/t Ag.
In addition, two high grade gold quartz vein‐sets (massive sulphides) have been detected to date at the Gossan prospect, which are hosted within metasedimentary rocks adjacent to diorite intrusive rocks.
A total of 2,178m of diamond core drilling, 767m of reverse circulation drilling and 2000m of trenching has been completed over the Preak Khlong and O’Khtung tenements within the Kratie South Project during the season and all assay results are now to hand.
Exploration on three of Southern Gold’s seven tenements in Cambodia (Preak Khlong & O’Khtung, Kratie South Project and Phnum Khtong, Kratie North Project) is being fully funded by the Japanese Government‐backed JOGMEC, pursuant to a Joint Venture agreement whereby JOGMEC can fully fund exploration activity to a total of US$4.5 million over 3 years to earn a 51% interest in these tenements.
Mick Billing, executive director, said the discoveries at Gossan and Preak Khlong will be the focus of systematic rock chip sampling, trenching and infill drilling programmes planned to start in October‐November 2010, when the next dry season commences in Cambodia.
The best results from diamond core drilling on the Gossan prospect include; 3m @ 14.60 g/t Au, 0.4% Pb, 0.5% Zn and 0.1% Cu from 38m (including 1m @ 34.57 g/t Au) (DD10GSN003) and 2m @ 1.44 g/t Au from 88m (DD10GSN002).
Best rock chip results include; 35.55 g/t Au, 2.8% Zn, 2.9% Pb and 119.5 g/t Ag and 26.16 g/t Au, 23.6% Pb and 974.7 g/t Ag.
In addition, two high grade gold quartz vein‐sets (massive sulphides) have been detected to date at the Gossan prospect, which are hosted within metasedimentary rocks adjacent to diorite intrusive rocks.
A total of 2,178m of diamond core drilling, 767m of reverse circulation drilling and 2000m of trenching has been completed over the Preak Khlong and O’Khtung tenements within the Kratie South Project during the season and all assay results are now to hand.
Exploration on three of Southern Gold’s seven tenements in Cambodia (Preak Khlong & O’Khtung, Kratie South Project and Phnum Khtong, Kratie North Project) is being fully funded by the Japanese Government‐backed JOGMEC, pursuant to a Joint Venture agreement whereby JOGMEC can fully fund exploration activity to a total of US$4.5 million over 3 years to earn a 51% interest in these tenements.
Mick Billing, executive director, said the discoveries at Gossan and Preak Khlong will be the focus of systematic rock chip sampling, trenching and infill drilling programmes planned to start in October‐November 2010, when the next dry season commences in Cambodia.
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