Announcement

Kilometre Scale Systems at Weolyu and Kochang, South Korea

08 June 2017

Substantial kilometre scale mineralised systems identified at Weolyu & Kochang, South Korea

  • Surface samples returning gold (Au) and silver (Ag) up to 8.8g/t Au and 1030g/t Ag (0.1% Ag) after surface mapping at Weolyu has doubled the mineralised corridor to 1 kilometre
  • Surface samples returning up to 23.9g/t Au and 650g/t Ag

  • System scale prospectivity confirmed with multiple new drill targets identified at each project as surface mapping at Kochang identifies multiple quartz veins in 2.5km kilometre mineralised corridor

Technical Experts Complete Mapping at Weolyu and Kochang

Southern Gold is pleased to provide the following update on the recent surface mapping and sampling conducted at the Weolyu and Kochang projects in South Korea. Field mapping teams were deployed at each project and completed detailed field mapping and sampling during March and April 2017 to build on programmes completed at the end of last year.

Weolyu

Detailed mapping at Weolyu by an expert in volcanic rocks and epithermal systems has been completed. Results continue to show epithermal-style gold-silver mineralisation peripheral to the historic mine (Figure 1, Table 1, Plate 1). The strike extents of multiple vein systems, as well as the apparent continuity over significant vertical elevation, all provide continued confidence that the Weolyu Project has the potential to host significant gold-silver mineralisation.

Kochang

New detailed mapping and sampling at Kochang confirms the continuity at surface of parallel veins along a 2.5km structural corridor of interest, from Kochang East and Kochang Gold Mine, through the Kochang Gap (KCGap) to the Kochang Silver Mine in the South West (Figure 2, Table 2, Plate 2). A number of significant vein-breccia outcrops were identified with recognition of repeat veining in each of the creek line traverses through the KCGap area enabling excellent correlation of significant along-strike continuity of individual vein or vein-breccia trends.

Southern Gold Managing Director, Simon Mitchell: “there has been some good fundamental ‘geology 101’ being done on our projects in South Korea. Nothing beats boots-on-the-ground mapping and sampling to put a framework around a mineralised system. At both Weolyu and Kochang the mineralised systems are substantial, now growing to kilometre scale, and grades returned are also excellent. We can’t wait to get drilling in these new areas.”

Figure 1: Weolyu Map with recent rock chip results illustrating 1km long structural corridor.


To read the whole announcement please use the following link:

20170607 Kilometre Scale Systems at Weolyu and Kochang_SK.pdf