Wednesday, August 18, 2010ProactiveInvestors.com.au
Southern Gold has identified new high grade gold at the Gossan prosect within the Preak Khlong tenement at the Kratie South Project in Cambodia and has now completed exploration activities for the 2009‐2010 field season.
The best results from diamond core drilling on the Gossan prospect include; 3m @ 14.60 g/t Au, 0.4% Pb, 0.5% Zn and 0.1% Cu from 38m (including 1m @ 34.57 g/t Au) (DD10GSN003) and 2m @ 1.44 g/t Au from 88m (DD10GSN002).
Best rock chip results include; 35.55 g/t Au, 2.8% Zn, 2.9% Pb and 119.5 g/t Ag and 26.16 g/t Au, 23.6% Pb and 974.7 g/t Ag.
In addition, two high grade gold quartz vein‐sets (massive sulphides) have been detected to date at the Gossan prospect, which are hosted within metasedimentary rocks adjacent to diorite intrusive rocks.
A total of 2,178m of diamond core drilling, 767m of reverse circulation drilling and 2000m of trenching has been completed over the Preak Khlong and O’Khtung tenements within the Kratie South Project during the season and all assay results are now to hand.
Exploration on three of Southern Gold’s seven tenements in Cambodia (Preak Khlong & O’Khtung, Kratie South Project and Phnum Khtong, Kratie North Project) 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 million over 3 years to earn a 51% interest in these tenements.
Mick Billing, executive director, said the discoveries at Gossan and Preak Khlong will be the focus of systematic rock chip sampling, trenching and infill drilling programmes planned to start in October‐November 2010, when the next dry season commences in Cambodia.
The best results from diamond core drilling on the Gossan prospect include; 3m @ 14.60 g/t Au, 0.4% Pb, 0.5% Zn and 0.1% Cu from 38m (including 1m @ 34.57 g/t Au) (DD10GSN003) and 2m @ 1.44 g/t Au from 88m (DD10GSN002).
Best rock chip results include; 35.55 g/t Au, 2.8% Zn, 2.9% Pb and 119.5 g/t Ag and 26.16 g/t Au, 23.6% Pb and 974.7 g/t Ag.
In addition, two high grade gold quartz vein‐sets (massive sulphides) have been detected to date at the Gossan prospect, which are hosted within metasedimentary rocks adjacent to diorite intrusive rocks.
A total of 2,178m of diamond core drilling, 767m of reverse circulation drilling and 2000m of trenching has been completed over the Preak Khlong and O’Khtung tenements within the Kratie South Project during the season and all assay results are now to hand.
Exploration on three of Southern Gold’s seven tenements in Cambodia (Preak Khlong & O’Khtung, Kratie South Project and Phnum Khtong, Kratie North Project) 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 million over 3 years to earn a 51% interest in these tenements.
Mick Billing, executive director, said the discoveries at Gossan and Preak Khlong will be the focus of systematic rock chip sampling, trenching and infill drilling programmes planned to start in October‐November 2010, when the next dry season commences in Cambodia.
5 comments:
Dang man, Cambodia have all the natural resources from agriculture, mining, oil, forestry, etc. All of these combine can reduce poverty and each family can be rich but too bad, corruption is the power.
Good for nothing or for khmer people and why Kratie? Khmer people know and always call Krachesh. Where did it come from?
Why dont the government take over and used it for ours country benefits. Instead of using China or VC company to do this.
MONKEY SEE, STUPID MONKEY CAN NOT DO!
The state of Suvannaphoumi or Kampuchea was/is the LAND of GOLD. Khmer have had on land having forest,wild animals,beautiful Angkor watt,and hundred and hundred magnificent stone temple.The under ground resources:gold,oil,gas,and much, much more...The under sea, in the big lakes fish...The super powers USA,China,Russia,Japan ...ect...come to Cambodia to make businesses;specially Vietnam came to invest in Cambodia,not just invest,but to take over as it own property.All Khmer people see are getting nothing for them;they are running homeland to abroad as cheap workers everywhere in the globe,leaving six million illegal immigrants to stay as owners instead.How stupid the recent Khmer govt leader let foreigners such as Vietnam to taker over Khmer people !
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