Southern Gold Limited has completed the first phase of systematic underground channel sampling at its Deokon Gold Project in the central-southwest of South Korea under its strategy to commence work quickly on newly acquired tenure.
|Sampling underground at the historical Shin adit mine|
A total of 79 channel samples were taken across 22 sample lines from two historical drives on the lower 224 Level of the historic Shin adit Au-Ag Mine showing significant intercepts including 0.35m @ 12.6 g/t gold and 509 g/t silver, 0.25m @ 12.3 g/t gold and 1,290 g/t silver, and 0.4m @ 9.26 g/t gold and 1,165 g/t silver.
The three sample lines represent a strike length of 15m with an average width of 0.33m and a weighted average grade of 11.3g/t gold and 966g/t silver. While current sampling did not extend the strike length beyond that which was defined historically, it is currently interpreted that the high-grade mineralisation plunges steeply into the floor and back up into the roof of the drives. Short diamond drilling is planned to test this interpretation and follow-up sampling will assess areas previously inaccessible by the addition of support to make safe.
Access discussions with the land-owner were approved and risk assessments conducted within three-weeks of tenement Jeonju 70 being granted.
Southern Gold Managing Director, Mr Simon Mitchell believes that Deokon has the potential to advance quickly with Southern Gold having obtained site access, the commencement of field work and turning around results, all within six weeks.
“While much more work remains to be done, planning has commenced on drilling proposals with the focus on using suitable drilling equipment capable of drilling within the historical underground workings”, he said.
“The Shin adit at Deokon is a very small part of a much larger mineralised system but these high-grade results have clearly replicated the tenor of historical results which bodes well for confirming additional high-grade gold and silver across the project area.”
The recently acquired sampling results coupled with detailed geological mapping will inform an underground diamond drilling program to test down-dip and along-strike extensions. Drilling from underground will allow drillholes of shallower depths to be drilled, resulting in better targeting and more cost-effective exploration.