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Southern Gold Ltd.
Summary
| Project: | Bulong | |
|---|---|---|
| Deposit: | Cannon Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-8-2017: 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. 10m @ 18.02g/t Au from 63m. Australian gold producer, Southern Gold Ltd is plea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ian Blucher (Internal) | |
| ABSTRACT: | Australian gold producer, Southern Gold Ltd is pleased to announce very high grade gold results from a 31 hole (2,851m) Reverse Circulation (RC) drill programme at the Company’s Cannon gold mine, near Kalgoorlie, WA. This programme was undertaken from the open pit access ramp to define and extend high grade gold zones below the open pit base in support of underground mine design. (Figure 1). There were a number of significant intersections from the Cannon underground delineation drill program which are summarised in Table 1 and in more detail at the end of this announcement. The results highlight the continuing high grade Cannon gold ore shoots extending to at least the 170mRL with true thicknesses between 2m and 5m. Significantly parallel ore shoots with anomalous grade appear to be developing in the footwall at depth. The Cannon shear is also, based upon early interpretation of logging, steepening at depth and is possibly located to the east of its current modelled position. Figure 3 illustrates a cross section that had no previous drill information and confirms the steeper higher grade continuation of the significant main high grade lode but will increase the thickness and hence contained metal down to at least the 180-190mRL. Figure 4 also confirms the steeper orientation, lode thickness and potential uplift in resource metal. Pending completion of the re-modelling of the high grade shoots, the current resource estimate will be updated and mine design advanced over the coming 2-3 months. | |
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