THE DRILL SERGEANT: Southern Gold (ASX: SAU) has been granted formal tenure over its recent discovery of kilometre-scale surface gold and silver at the company’s wholly-owned Hampyeong project in the southwest of South Korea.
Southern Gold announced new assays, which have returned intercepts of:
13.4 grams per tonne gold;
11.5g/t gold and 8.4g/t gold; and
Saseun Vein Zones
up to 6.8g/t gold.
Southern Gold explained that this target area has never been previously drilled, and these new surface gold samples are from veins that are commonly three to five metres true-width in outcrop within stockwork vein zones up to 20m wide.
The company indicated it has plans for an immediate first phase drilling program at Hampyeong to be carried out over the next two to three months.
“Hampyeong is shaping up to be a very interesting project,” Southern Gold managing director Simon Mitchell said in the company’s announcement to the Australian Securities Exchange.
“It isn’t often you get a chance to test epithermal quartz veins chipping high-grade gold at surface that have never been historically drill tested.
“There is huge potential to discover multiple economic low to high sulphidation epithermal gold-silver projects in South Korea.
“From my point of view, Hampyeong is just the beginning of a major exploration effort in a uniquely prospective geological terraine.”