In a novel method, Southern Gold has employed cave explorers to initiate exploration on a second gold-silver project in South Korea. A small team has gained access to the bottom of a small shaft within an artisanal scale mine at Weolyu South, which is about 150km southeast of Seoul.
The cave explorers ventured about 20 metres below the surface in the Weolyu South shaft and enabled Southern Gold’s exploration team to confirm, in a qualitative fashion, the target of the old mine workings.
The workings do not appear on any government maps or records. Adjacent to the workings are mullock heaps that contain banded epithermal quartz vein fragments.
It has been now confirmed that a zone about 1 metre wide including banded and highly oxidised epithermal quartz has been observed in the mine wall at the bottom of the shaft. The quartz vein appears to be in-situ, augmenting the quality of the drill target.
On July 18 Southern Gold announced the commencement of diamond drilling at its first South Korean exploration target, Kochang. Progress has been good with two drill holes completed for 450.8 metres of core and with two drill holes in the current campaign still to be completed.
Qualitative results from the second hole have been encouraging with a zone of silicified sulphidic breccia across 1 metre down hole and adjacent, variably altered, hanging wall with multiple narrow quartz veins across 4 metres width downhole.
As this program is receiving funding support from Korean Resources Corporation (KORES), all four drill holes need to be completed, logged and processed before sample dispatch. Assay results are therefore expected in mid-September, two to three weeks after the program concludes.