Southern Gold identifies Korean gold mineralisation

THE DRILL SERGEANT: Southern Gold (ASX: SAU) claimed to have identified three major epithermal quartz vein zones at the company’s Weolyu South gold project, approximately 175 kilometres south east of Seoul in South Korea, with one linking up to previously reported artisanal workings.

Southern Gold had an expert consultant in volcanic rocks and epithermal systems complete an initial program of detailed field work at the Weolyu project.

This resulted in three major quartz vein zones, Moonlight, Mystery and Summit Vein Zones, being mapped at Weolyu South that range between 0.6 metres to 1.3 metres true width, within a broad zone of variably developed sheeted to network quartz veins.

Southern Gold explained the vertical and lateral extents of mineralisation at Weolyu are over hundreds of metres within a broader alteration footprint, indicating significant continuity and scale.

Rock slabs cut from surface samples display these classic high-level low-sulidation epithermal vein textures.

Surface rock chip peak assay results include:

8.41 grams per tonne gold and 200g/t silver in sample KRS202027.

Southern Gold said the tenor of results for this surface program is typical of a high level epithermal system.

“Weolyu South continues to excite the geological and corporate team at Southern Gold,” Southern Gold managing director Simon Mitchell said in the company’s announcement to the Australian Securities Exchange.

“It has all the hallmarks of a significant discovery unfolding: multiple quartz vein zones with a complex history of mineralisation, extensive wall rock alteration, including across the broader district, and mineralisation being confirmed by surface rock samples at outcrop scale as well as nearby silver-gold-germanium mining in the early 1990’s proving that the area has demonstrated economic outcomes in the past.

“We expect the geological and economic picture at Weolyu South to move forward very quickly during the course of 2017.”

Email: info@southerngold.com.au

Website: www.southerngold.com.au