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Southern Gold substantial holder increases stake to 12.01%

The company is exploring targets in South Korea with significant discovery potential of high-grade gold-silver epithermal systems.

Southern Gold Limited - Southern Gold substantial holder increases stake to 12.01%
Walk-up drill targets starting to be tested - drilling at Beopseongpo now

Southern Gold Limited (ASX:SAU) substantial holder PS Super Nominee Pty Ltd has increased its interest in the company from 10.09% to 12.01% after purchasing 2,134,000 shares.

South Korean gold and silver exploration

The company recently received high-grade gold assays from surface rock chip and float sampling as part of a detailed mapping exercise at the Neungju project in South Korea.

The new assays returned a peak of 31.8 g/t gold and 6.6 g/t silver in sub-crop and 13.4 g/t gold and 13.1 g/t silver in float.

Extract from Southern Gold’s recent presentation

Quick facts: Southern Gold Limited

Price: 0.125 AUD

ASX:SAU
Market: ASX
Market Cap: $20 m
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