Australian gold producer, Southern Gold was granted formal tenure over its recent discovery of significant kilometre-scale surface gold and silver at its wholly-owned Hampyeong project in the southwest of South Korea.
|The new Saseun Vein discovery outcrop. A massive quartz lode breccia within a 30m wide NNW-SSE striking corridor of parallel lodes and sheeted vein development. Outcrop width in photo ~4m. Image Source: Southern Gold|
New assays have returned intercepts of 13.4g/t Au at Nabi, 11.5g/t Au and 8.4g/t Au at East Main and up to 6.8g/t Au at the Saseun Vein Zones
This target area has never been previously drilled, and the new surface gold samples are from veins that are commonly three to five metres true-width in outcrop within stockwork vein zones up to 20m wide. Southern Gold plans an immediate first phase drilling program at Hampyeong over the next 2-3 months.
Southern Gold Managing Director, Mr Simon Mitchell commented that "Hampyeong is shaping up to be a very interesting project. It isn't often you get a chance to test epithermal quartz veins chipping high grade gold at surface that have never been historically drill tested. There is huge potential to discover multiple economic low to high sulphidation epithermal gold-silver projects in South Korea. From my point of view, Hampyeong is just the beginning of a major exploration effort in a uniquely prospective geological terrain."