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Southern Gold Ltd.
Summary
| Project: | Deokon | |
|---|---|---|
| Deposit: | Bonanza Zone | |
| Location: | South Korea | |
| Commodities: | Gold-Silver | |
| Date: | 1/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-1-2020: Southern Gold Ltd. announces an Exploration/Drilling Update report for its Bonanza Zone deposit at the Deokon project. Drilling results incl. 0.15m @ 4.59g/t Au from 42.35m. Assays for the maiden diamond drilling program at Deokon involving six | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Wittwer (Internal) | |
| ABSTRACT: | Assays for the maiden diamond drilling program at Deokon involving six scout diamond drill holes for 455.52m at ‘Bonanza Zone’ have been received. This was a first pass drill program to test the high gold and silver grades seen in outcrop with close spaced drilling to determine the true width of the mineralised zone and gold and silver grade at depth. This scout programme has confirmed mineralisation at depth, albeit at lower grade tenor, with peak results from the drilling being The ‘Bonanza Zone’ is the southern section of the Golden Surprise Trend (Figure 1) representing a low sulphidation epithermal target within the broader Deokon project. Deokon is a gold-silver fertile epithermal mineralisation system, with multiple vein zone targets identified across several square kilometres of project area. This drilling program was designed to test underneath one of the targets, the Bonanza Zone discovery outcrop, which returned a peak of 32.4g/t gold and 1,095g/t silver in outcrop and 78.6g/t gold and 13,000g/t silver in float, announced on July 17, 2019. | |
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