High-grade Gold Results Neungju Project

16 September 2019

High-grade Gold Results Neungju Project

  • New high-grade outcrop and float assays received from the June 2019 field program at Neungju Project, South Korea
  • New assays return a peak of 31.8g/t gold and 6.6g/t silver in subcrop and 13.4g/t gold and 13.1g/t silver in float
  • Five epithermal veined zones identified, ranging from 2m-100m wide with interpreted combined strike continuity of 1km.
  • Maiden diamond drilling to commence as soon as practicable

Neungju sampling returns High Grade Gold

Field work recently completed at Southern Gold’s 100%-owned Neungju Project has returned significant results from surface rock chip and float sampling as part of a detailed mapping exercise at the project.This work builds on the initial first pass work previously reported last year (see ASX release dated 4 September 2018).

Five corridors of sheeted and network vein development have been tentatively mapped within the area: they are called the Naesin, Oesin, Yeppeuda, Lee Spur and Jidong vein corridors.They exhibit widths of 2 to (in excess of) 100 metres, and have traceable exposed outcrop, subcrop and float train segments ranging between 25 and 650 metres in strike extent with a combined strike of over 1 kilometre and are open in both strike directions (Figure 1, next page).

All five vein corridors have returned samples >1g/t Au with the Naesin, Yeppeuda and Lee Spur vein systems returning high grade samples the highlights of which are presented in Table 1.

To read the complete announcement please down load the pdf below:

High-grade Gold Results Neungju Project