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Southern Gold (ASX:SAU) begins drilling at Deokon

Mining
ASX:SAU
20 June 2021 10:00 (AEST)
Southern Gold (ASX:SAU) - Managing Director, Simon Mitchell

Source: The Market Herald

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.

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