Drilling at Aphae has shown several high to moderate grade gold/silver intersections including broad near-surface gold mineralisation, Metal Tiger highlighted. A follow-up drill program and ground magnetic surveying will target extensions.
Metal Tiger noted that large project scale prospectivity is now becoming apparent in the initial exploration results.
Highlight drill results included 1 metre at a grade of 5.07 grams per tonne (g/t) gold and 13.8 g/t silver. Shorter but higher grade intersections included 0.21 metres at 107.5 g/t and 166 g/t silver. The near-surface mineralisation included 8.12 metres at 1.26 g/t and 7.8 g/t silver.
Metal Tiger owns a 17.1% shareholding in Southern Gold.
“There is a lot going on geologically at Aphae and triple figure gold grades in drill core from a maiden greenfields drill programme certainly grabs your attention,” Simon Mitchell, Southern Gold managing director said in a statement.
“With high-grade gold and silver, elevated lead, zinc, copper, arsenic, and the fact that we appear to have several phases of mineralisation, indicate a fertile system, potentially with more surprises to come. Our technical team see a lot of potential at Aphae and it reinforces the theory that south-western South Korea is an unfolding gold camp.
“Now we have a lot of follow up work to do on the ground as the wider Aphae project area has not been systematically traversed or sampled and we believe there could be potential beyond the immediate mine workings,” he added.