Announcement

High grade shallow gold identified by Southern Gold east of Kalgoorlie (WA)

13 December 2017

High grade shallow gold identified by Southern Gold east of Kalgoorlie (WA)

Doughnut Jimmy Prospect – Glandore Gold Project

  • Best intercept: 7m @ 10.16g/t Au from 24m, including 1m @ 54.81g/t Au from 30m.
  • About 88% (22 of 25 holes) of drill holes intersected >1g/t Au.
  • In house oxide gold resource to be defined over coming weeks.

The Drill Programme at Glandore

High grade gold at shallow depth has been identified by Southern Gold Limited (“Southern Gold”) in a new program of 15 Reverse Circulation (RC) and 31 Air Core (AC) drill holes for 2467.5m at the Company’s majority owned Glandore Project (Figure 1) just east of Kalgoorlie in WA.The primary aim of the drill program was to evaluate shallow (<40m) gold mineralisation at Glandore’s Doughnut Jimmy prospect and, secondly, to target regional gold exploration targets at the project’s Lavaeolus, Lankin and Lakes Consol prospects (Figure 2).

The Glandore project, 40km east of Kalgoorlie, is a Joint Venture with Aruma Exploration Pty Ltd. Southern Gold has an interest of 75% and is currently increasing its stake to 90%.

Results

46 RC/AC holes were drilled for a total of 2467.5m over four prospect locations: Doughnut Jimmy, Lavaeolus, Lankin and Lakes Consol.Doughnut Jimmy was the primary target with 25 AC holes (GLAC001-025) drilled to ~40m in depth.These holes were designed as tightly spaced (10m) infill holes, to test for a previously modelled, flat lying gold supergene blanket, residing above fresh rock over a 90m x 50m area (Figure 3).Drilling confirmed the presence of the supergene blanket (Figure 4) with an ‘Upper Lode’ and ‘Middle Lode’ defined within 30m from surface.

To read the full announcement please download the pdf below:

High grade shallow gold identified by Southern Gold east of Kalgoorlie (WA)