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Southern Gold Ltd.
Summary
| Project: | Glandore | |
|---|---|---|
| Deposit: | Doughnut Jimmy, Lavaeolus | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2017: Southern Gold Ltd. announces an Exploration/Drilling Update report for its Doughnut Jimmy, Lavaeolus deposit at the Glandore project. JV - Drilling results incl. 7m @ 10.2g/t Au from 24m. High grade gold at shallow depth has been identified by | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Gum (Internal) | |
| ABSTRACT: | High grade gold at shallow depth has been identified by Southern Gold Limited (“Southern Gold”) in a new program of 15 Reverse Circulation (RC) and 31 Air Core (AC) drill holes for 2467.5m at the Company’s majority owned Glandore Project (Figure 1) just east of Kalgoorlie in WA. The primary aim of the drill program was to evaluate shallow (The Doughnut Jimmy prospect appears to be a relatively small but high grade supergene deposit with two parallel horizontal lodes that may be amenable to easy open cut mining. The mineralisation occurs in a highly oxidized sequence and so should be relatively straight forward to mine without the use of explosives. Over the next few weeks and into the New Year, an in house resource will be completed and an assessment made of potential economic extraction. At Lavaeolus, further drilling is required on the high grade shoot that has been defined to this point. While the upper parts of the project, above the base of weathering, appear to be strongly depleted in gold, there is encouragement that the high-grade portions of the deposit continue at depth to the southeast. Further investigation will also be required to test the zone to the south where the Lavaeolus and Lankin prospects intersect. At Lake Consols, further ground assessments will be made and some follow up drilling may be required on the alterative interpretation of the gold mineralised corridor | |
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