AAP (Australia)
Southern Gold Ltd says it has found significant gold mineralisation at one of its projects in Cambodia.
The gold junior found "a number of prominent gold intersections" during its first reverse circulation drilling program, the company said.
Shares in the company leapt on news of the discovery, which identified gold intersections as rich as 8.8 grams per tonne.
Other metals including silver, copper and zinc also were located at the site.
Southern Gold managing director Stephen Biggins said the maiden drilling program validated the company's confidence in the area.
"I am delighted with the results of this first-pass drill program and look forward to aggressively following-up these results," Mr Biggins said in a statement.
At 1107 AEST, shares in Southern Gold were up 1.5 cents, 15 per cent, to 11.5 cents.
The gold junior found "a number of prominent gold intersections" during its first reverse circulation drilling program, the company said.
Shares in the company leapt on news of the discovery, which identified gold intersections as rich as 8.8 grams per tonne.
Other metals including silver, copper and zinc also were located at the site.
Southern Gold managing director Stephen Biggins said the maiden drilling program validated the company's confidence in the area.
"I am delighted with the results of this first-pass drill program and look forward to aggressively following-up these results," Mr Biggins said in a statement.
At 1107 AEST, shares in Southern Gold were up 1.5 cents, 15 per cent, to 11.5 cents.
8 comments:
hey, don't be so surprised; cambodia is like a virgin or pioneer country due to being isolated in the last few decades. we need to change strategy and open our country up for modernization, development, etc, while at the same time preserve the environment, our unique and beautitul culture, tradition, custom that are worth preserving, meaning ones that serves us and our country well that is. otherwise, do learn and adopt from overseas, we need it so our people can live better and country can grow. think about it; it's very useful.
I hope Hun Sen and his pals won't confiscate land from people in that area and sell it to gold finder by using the words ... for developement .
Since you mentioned it, I might as well purchase the land.
Thank you.
PPU
PPU, you struck gold when you were born a "bastard" to the CPP.
4:49 PM
Every penny I have in my possession is my hard-earned money.
PPU
So say you. So say all CPP. So say all corrupt officials.
Whatch out mand you invest in it you will get dust!!!!! Another CPP ponzi scheme! Remember your land can not sell?
Virgin indeed 9:50!
She and her people gets screw while Southern Gold and Hun Sen and his cronies got rich.
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