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Southern Gold Ltd.

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Summary

Project:

Bulong

Deposit:Cannon Mine
Location:Australia
Commodities:Gold
Date:7/22/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:22-7-2016: Southern Gold Ltd. announces an Exploration/Drilling Update report for its Cannon Mine deposit at the Bulong project. JV with Metals X Ltd. - drilling results incl. 2.5m @ 8.93g/t from 188.5m Au at Cannon. Southern Gold Ltd (‘Southern Gold’, AS
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Ian Blucher (Internal)
ABSTRACT:Southern Gold Ltd (‘Southern Gold’, ASX Code “SAU”) is pleased to report the results of the drilling campaign undertaken during June that aimed to evaluate the potential for extensions to the ore zones immediately beneath the producing Cannon Gold Mine in WA. The mine is being managed by development partner, Metals X Ltd (‘Metals X’, ASX Code “MLX”) with ore being treated at MLX’s South Kalgoorlie Operations (SKO) Jubilee plant, approximately 35km to the south west. The drilling programme reported here was designed to test the steep southwest plunge of high grade gold mineralisation interpreted within the resource model and to define an extension to the resource below the designed open pit. The holes were also designed to resolve the reasons for an apparent termination of the mineralisation beneath the southern end of the current pit design which had previously been interpreted as due to north plunging ore shoots. Resource definition drilling prior to the development of the Cannon open pit had previously failed to provide an adequate explanation of this apparent termination, with the current preferred interpretation focusing on the presence of a low-angle, northerly plunging and cross cutting structure or a combination of lithological changes and structural modification. The 10 hole, 1823.2m programme was undertaken within the Cannon open pit, in parallel with ongoing mining activities, over a period of 12 days.

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