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Southern Gold strikes ‘bonanza’ grades at Deokon gold-silver discovery in South Korea

Southern Gold Limited (ASX: SAU) managing director Simon Mitchell updates Proactive Investors on a gold-silver discovery in South Korea that has returned ‘bonanza’ grade results.

The outcrop and float assays are from the project’s April–June 2019 field program, with assays returning a peak of 32.4 g/t gold and 1,095 g/t silver in outcrop and 53.9 g/t gold and 6,240 g/t silver in float.

Mitchell says the results vindicate the company’s project generation work undertaken in South Korea to date.

Maiden diamond drilling will commence as soon as possible.

Quick facts: Southern Gold Limited

Price: 0.12 AUD

Market: ASX
Market Cap: $19.2 m

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on 5/8/20

2 min read