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Southern Gold Ltd.
Summary
| Project: | Weolyu | |
|---|---|---|
| Deposit: | Moonlight Vein | |
| Location: | South Korea | |
| Commodities: | Gold-Silver | |
| Date: | 12/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2017: Southern Gold Ltd. announces an Exploration/Drilling Update report for its Moonlight Vein deposit at the Weolyu project. Drilling results incl. 3.58m @ 4.8g/t Au, 129g/t Ag from 152.9m. New high-grade gold and silver bearing veins have been d | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Chris Bowden (Internal) | |
| ABSTRACT: | New high-grade gold and silver bearing veins have been discovered by Australian gold miner, Southern Gold Limited (“Southern Gold”) as a result of a significant work program over the southern portion of the historic Weolyu silver mine southeast of the capital Seoul, in central South Korea (Figures 1 and 2). Historic workings on the mine’s northern section primarily focused on silver extraction, with some gold. However, new assays from Southern Gold’s latest work on the mine’s southern area point to the mine’s untapped high grade gold upside as a potential primary exploration and development target. Southern Gold’s program at Weolyu South comprised 5 diamond drill holes for 1,256m and 101 channel samples of in-situ vein. The drilling program successfully intersected high-grade gold and silver bearing banded low-sulphidation epithermal quartz veins at the Surprise, Moonlight and Summit vein systems (Tables 1 and 3). | |
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