Southern Gold intersects mineralised alteration zones at Tooting Bec

THE DRILL SERGEANT: Southern Gold (ASX: SAU) recently completed a program of seven Reverse Circulation (RC) drill holes at the Tooting Bec prospect, on the company’s 100 per cent-owned mining lease E25/349 in Western Australia.

The drilling was carried out to evaluate anomalous gold grades within several historical RAB drill holes at the Tooting Bec prospect, which is located two kilometres southwest of the Cannon Gold Mine some 30km to the East of Kalgoorlie.

The seven RC holes were drilled on two sections and intersected a 200m wide sequence of basalts intercalated with narrow intervals of variably silicified, graphitic sediments.

Southern Gold said the gold grades intersected by the recent Tooting Bec drilling demonstrate the drilling program intersected the margin of a mineralised system associated with a granodiorite intrusion to the east.

Two intervals of anomalous composite samples (>0.1g/t) were returned in the assays recording a best intercept of:

BSRCD259
20 metres at 0.35 grams per tonne gold from 63m.

The company explained individual samples from these intervals are in the process of being submitted for analysis and the results will be reported as soon as they are available.

“The RC drill results from Tooting Bec are very encouraging and hint at a much larger mineralised system than previously thought,” Southern Gold managing director Simon Mitchell said in the company’s announcement to the Australian Securities Exchange.

“The identification of a relationship between magnetite alteration and elevated gold grades provides Southern Gold with a new style of target in the Cannon area and while these first pass RC drill results are sub-economic, the width and consistent elevated tenor of the gold grades point to the possibility of us finding something of larger scale.

“As always, it comes down to more drilling!”

Email: info@southerngold.com.au

Website: www.southerngold.com.au