 |
Kratie South
KRATIE SOUTH PROJECT 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.
Preak Khlong Prospect
Laminated and brecchiated Quartz-Pyrite (+/-gold) veins were identified in the trenches at Preak Khlong and which have returned surface rock chip results of up to 65g/t gold coincident with significant silver grades.
This large-scale target for follow-up is at least 1.3km in length and is open at both ends.
The structure and geological setting are very similar to the 600000oz gold Okvau Prospect of OZ Minerals located 20 km to the northeast.
Southern Gold plans to complete 16 core and RC drillholes for a total of 1,360m at the Preak Khlong NW Prospect during the 2009-2010 field season.
RC drilling commenced on the Preak Khlong NW Prospect in December 2009 and seven RC drillholes, for a total of 534m, were completed during the quarter.
No assay results are to hand for the completed drilling, although visual inspection of the RC rock chips has identified several zones of alteration and quartz veining which is generally a good indicator of gold mineralisation.
Other Prospects in Kratie South
Southern Gold and JOGMEC have identified a number of other targets in Kratie South.
In the 2009/2010 field season further soils, trenching, RC and diamond drilling are planned for Big Toe, O'Kthung and O'Kthung SE as well as completing full regional soil sampling coverage.
| |
Challenger Area Project