DRILLING and trenching by Southern Gold at the Anchor Gold Project have confirmed further significant gold, silver and base metal mineralization.
A diamond core drilling campaign of 19 drill holes for about 2100 metres has been completed with best assay results being 4.3 metres from 147 metres @ 4.76 grams/tonne gold, 136.1 grams/tonne silver, 1.4% copper and 0.4% zinc.
Other results include 1 metre from 66 metres @ 11.36 grams/tonne gold, 64.5 grams/tonne silver, 0.4% copper and 1.7% zinc; 1 metre from 45 metres @ 1.22 grams/tonne gold, 6.0 grams/tonne silver, 0.04% copper and 0.02% zinc; and 1 metre from 57 metres @ 1.04 grams/tonne gold, 9.2 grams/tonne silver, 0.05% copper and 0.05% zinc.
Alteration, veins and sulphides were intersected in all 19 holes. Drilling so far has only focused on a 200 metres wide section, with the potential of the large 800 metres by 1000 metres mineralized zone identified by Southern Gold at Anchor yet to be fully tested.
A cross-section of these recent drilling results indicates that mineralization is characterized as a series of sub-parallel zones carrying significant levels of gold, silver, copper and other metals.
More veins and brecciated mineralized zones are likely to be identified at Anchor as the drilling results are received and gaps in the section are drilled.
A 2445 metre trenching program has also been completed and assay results are starting to come in, including 1 metre @ 9.14 grams/tonne gold.
Based on the mineralization now identified at Anchor, Southern Gold anticipates that infill resource drilling will begin in the fourth quarter of 2010.
Southern Gold is sole funding exploration on Anchor, which is on the Snoul licence, one of the company’s four 100%-owned tenements in Cambodia. It also has three tenements in a joint venture with JOGMEC.