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Eurow-Vychan Project
Southern Gold Limited’s 100% owned Eurow project (within EL6653) covers a major intrusive and mineralization centre with substantial base metals and gold potential in the Parkes district of the Lachlan Fold Belt of New South Wales.
The recent drilling has extended the known massive sulphide mineralisation to a vertical depth of 240m. Drilling at the Eurow prospect has intercepted a stratabound zone of massive and vein-breccia sulphide mineralisation with >2% Cu over a strike distance of 280 m Sub-intervals of 0.4-1 m grade up to 10% Cu.
The Eurow project is centered on the historic Eurow-Vychan copper-gold mine that has depth and strike potential for a large sulphide system. Records indicate that approximately 50 tonnes of hand-picked ore (1899-1903) yielded on average 4.4 g/tonne Au, 81 g/tonne Ag and approximately 14% Cu (from enriched supergene ore). Underground mining was to a depth of 46m. Relatively shallow drilling around the mine area by previous workers intercepted sulphides and encouraging gold and base metal grades to a vertical depth of around 80 m (Table 2).
Eurow Drilling Results
RC and Diamond Core Drilling Program, April 2007
The recent drilling has extended the known massive sulphide mineralisation to a vertical depth of 240m. The deposit dips at approximately 70° to the southwest and mineralisation is still open down dip and along strike to the south.
Gold associated with the >2% Cu intervals ranges from 0.98 g/tonne Au (from 3.15 m half NQ core sample) to 4.89 g/tonne Au (from 2 m Reverse Circulation (RC) chip sample), with corresponding irregularly distributed zinc grades ranging from 0.45-4.8% Zn. A coherent zone of low grade zinc (as intercepted in 3 drill holes over a strike distance of 104 m with average grades of 2.4%, 4.6% and 5.8% Zn (over 2 m intervals with a maximum grade of 9.2% Zn over 1 m) does however make up part of the massive sulphide horizon and indicates that potential exists for the outlining of further coherent zinc zones, thus increasing the overall metal inventory at Eurow.
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Challenger Area Project