For thousands of other reports visit RSC's Mineral Intellingence Map
Southern Gold Ltd.
Summary
| Project: | Transfind South | |
|---|---|---|
| Deposit: | Transfind South | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2018: Southern Gold Ltd. announces an Exploration/Drilling Update report for its Transfind South deposit at the Transfind South project. Drilling results incl. 7m @ 19.57g/t Au from 16m. Southern Gold Ltd has an Option to Purchase Agreement for the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Justin Gum (Internal) | |
| ABSTRACT: | Southern Gold Ltd has an Option to Purchase Agreement for the Transfind South tenements from 2 Kalgoorlie-based prospectors provided 2,000m of drilling has been completed (see ASX Release 18th January 2017). To date a 984m RC drilling program was completed to follow up on high-grade rock chips, high-grade historical drilling, and gold-in-soil anomalism. A second program of approximately 1,000m is currently being planned for the second half of 2018. The aim of the first pass drilling was to intersect high-grade gold mineralisation amenable to open-pit mining along strike from the Transfind Pit and to test a 230ppb soil anomaly. Southern Gold Managing Director, Mr Simon Mitchell “Nice to see some high grade intercepts out of our first pass drilling at Transfind South. And by high grade I mean in excess of 20g/t gold. Our target here is a deposit with very high grades that will be amenable to trucking some distance to a plant. So far it seems to be shaping up nicely vindicating the potential highlighted by the Kalgoorlie-based prospectors. And at Cowarna it is great to hit mineralisation in our very first drill programme. It needs to be remembered that we have more than 20 strike kilometers of prospective BIF unit and we have only started on a small section of it in two locations. There is huge potential here.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report