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Southern Gold Ltd.
Summary
| Project: | Glandore | |
|---|---|---|
| Deposit: | Doughnut Jimmy, Lavaeolus | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-6-2017: Southern Gold Ltd. announces an Exploration/Drilling Update report for its Doughnut Jimmy, Lavaeolus deposit at the Glandore project. JV with Aruma Exploration Pty Ltd - Drilling results incl. 18.2m @ 3.70g/t Au from 4.9m. Southern Gold is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Gum (Internal) | |
| ABSTRACT: | Southern Gold is pleased to provide the following update on drilling results at the Glandore Gold Project, 45km east of Kalgoorlie, WA. Southern Gold is farming into the project, currently held by Aruma Exploration Pty Ltd, and can earn up to 90% of the project after expenditure of $1.2m (see ASX Release 4 April 2016). Southern Gold has completed expenditure of $300,000 during the first year and earnt the right to 50% of the project. Southern Gold is currently in the second expenditure period where another $400,000 increases project ownership to 75%. Nine diamond drill holes (GLDD001 – 009) for a total of 682.4m were drilled over the Doughnut Jimmy (previously called Supergene) and Lavaeolus (previously called Axial Planar) Prospects (Figure 1). Drilling took place during April 2017 and was conducted by WDA Drilling Services Pty Ltd, a company with the capability of onlake drilling (Photo 1). The objective at Glandore is to identify and define one or more small scale but relatively high grade resources that could be exploited by open pit mining. In parallel with this the Southern Gold exploration team will be exploring the Glandore tenements for a more substantial deposit in areas that were previously poorly explored such as Lake Consols (Figure 1). The holes were planned to be cored from surface and oriented wherever possible to provide the maximum amount of structural information on the quartz veins hosting the mineralisation. This was particularly important for the Doughnut Jimmy prospect where no diamond drilling had previously been undertaken. | |
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