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Kratie North
KRATIE NORTH JOGMEC JOINT VENTURE
Exploration on three of Southern Gold’s seven tenements in Cambodia, is being fully funded by the Japanese Government-backed JOGMEC pursuant to a Joint Venture agreement whereby JOGMEC can fully fund exploration activity to a total of US$4.5 (~A$7) million over 3 years to earn a 51% interest in these tenements – Phnum Khtong (Kratie North Project), and two adjoining blocks, Preak Khlong and O’Kthung (Kratie South Project), all to the northeast of Phnom Penh.
Oh Tron Prospect
A large 3km x 1km irregular anomaly of gold, silver and lead has been identified around the margin of diorite intrusives at the Oh Tron prospect.
A comprehensive trenching program has tested the main trends of gold, silver, lead and copper. The 2,124m trenching completed this month expands upon previously completed trenching work to the west of the tenement and has returned significant intercepts of up to 32m@ 2.74g/t gold on surface.
Widespread alteration is observed in nearly all drillholes in the Oh Tron area coincident with observations from trenching. This alteration is possibly suggestive of a large hydrothermal system.
Extensive drilling and trenching has been planned for the Oh Tron Prospect for the 2009-2010 field season.
Southern Gold plans to complete 18 RC drillholes for a total of 1,500m and 500m of trenching at the Oh Tron Prospect during the 2009-2010 field season.
RC drilling and trenching of the Oh Tron Prospect commenced in January 2010.
Other Prospects at Kratie North
Exploration has been continuing all over the entire tenement. Currently two other main prospects Ska and Central, have been the focus of trenching and drilling.
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Challenger Area Project