Southern Reports Significant Gold Mineralisation in Cambodia

13 July 2009 (Last Updated July 13th, 2009 18:30)

Australian miner Southern Gold has said it has intercepted significant gold mineralisation during its first reverse circulation (RC) drilling programme at its Anchor Prospect in north-east Cambodia. Gold mineralisation at Anchor and the nearby 200km2 Snoul Prospects are associated with

Australian miner Southern Gold has said it has intercepted significant gold mineralisation during its first reverse circulation (RC) drilling programme at its Anchor Prospect in north-east Cambodia.

Gold mineralisation at Anchor and the nearby 200km2 Snoul Prospects are associated with sulphide-rich quartz veins and alteration.

The gold intersections include 8m at 5.9g/t and 4m at 5.8g/t gold. In addition, there were high levels of other metals associated with gold mineralisation, including 8m at 26.6g/t silver, 0.4% copper and 0.2% zinc.

Shallow drilling at Anchor has intercepted at least four separate veins, signifying additional high potential gold vein sets, Southern Gold said.

Southern Gold managing director Stephen Biggins said the company will aggressively follow-up these results with further drilling to better understand the potential of this area for a significant mineral discovery.

“The quality of the maiden RC results validates the company’s belief that its early mover advantage has enabled it to secure a highly prospective tenement package in an exciting and underexplored geologic region that I am confident will deliver significant mineral discoveries,” Biggins said.