Southern Gold Ltd reported that drill operations continue at the Aphae and Deokon projects in South Korea.

Mineralised breccia has been intersected in all three planned holes at Aphae, including a wider than anticipated intercept in the third hole and prompting a fourth drill hole to test the down-dip depth extent of the breccia. Assays from the Aphae programme are pending.

The company also noted that multiple zones of dynamic polyphasal low-sulphidation epithermal veining were intersected at ‘Hand of Faith’ (Beopseongpo Project), but only returned a peak of 0.24m @ 1.71g/t gold from 139.97m in BPDD013. Southern Gold will evaluate the implications for the broader Beopseongpo Project upon receipt of the assays from the recent drilling at ‘Spider,’ expected in early July.

Southern Gold Managing Director Simon Mitchell said, “Testing new and multiple targets simultaneously, such as the current drilling at the Aphae and Deokon projects, is geologically exciting and increases our chances of discovery. While the drill programme at Hand of Faith was successful in intersecting epithermal veining in drill core, the tenor of gold results was lower than expected. However, we have been pleasantly surprised by the extent of the mineralised breccia we have seen in drill core at Aphae, particularly in APDD003. That’s the nature of mineral exploration: prepare to be surprised!”

Regulatory approvals for drilling at depth at Weolyu are well advanced and is the next planned drill site, subject to suitable drill rig access and the availability of suitable equipment.


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