Southern Gold makes fast drill start in Korea

THE DRILL SERGEANT: Southern Gold (ASX: SAU) has commenced diamond drilling at the Kochang gold project in South Korea, just 10 days after it announced the acquisition of the assets.

Southern Gold explained Kochang is one of a number of multiple high-grade gold projects in South Korea, and the first of the company’s projects to secure Government backed Korean Resources Corporation (KORES) funding support.

KORES has committed to covering up to 70 per cent of the direct drilling costs.

“The rapid drill start follows Southern Gold’s recent acquisition of 17 South Korean gold project areas across 44 tenements with at least six designated as high priority targets,” Southern Gold said in its ASX announcement.

“Drilling is planned for at least four of these targets over the next 12 months with the first of these being this announced drilling at Kochang.”

The company explained the current drill program will target the extension of gold bearing quartz veins that represent extensions of the Kochang gold mine.

In particular it will target vein extensions to the north and a gap in the current geological knowledge in the middle of the mine with future drilling looking to target a gap that exists between the gold and silver mines as well as extensions to the high-grade gold sampled in the lowest drive in the mine.

Email: info@southerngold.com.au

Website: www.southerngold.com.au