Exploring success at Southern Gold sites

[PHNOM PENH POST]

AUSTRALIAN miner Southern Gold claims to have successfully targeted its 2011 drill campaign in its latest Cambodia results update, with strong results from some of its tenements

The firm claims to have found evidence of gold and base metals in testing conducted in two of its five Cambodia project areas, Kratie South in Mondulkiri province and Memot in Kratie province.

Southern Gold added that its Cambodia tenements showed similar mineralisation to that of the 600,000-ounce gold Okvau  inferred resource defined by Oz Minerals in March 2010.

Kratie South is located 10 kilometres south of Oz Minerals’ Okvau tenement.

Preliminary results from its 2011 Cambodian drilling programme were positive, Southern Gold said, with some initial assay results showing separate samples of 5.42 grammes per tonne and 8.51 grammes per tonne of gold. However, the company said the bulk of its results wouldn’t be available until later this month or June.

“The work conducted and results received over the past few years by Southern Gold and other ‘pioneer’ Australian explorers in Cambodia has started to show the prospectivity of a country that has had limited ‘modern-day’ exploration or market attention," it said late last week.

Southern Gold operates three other drilling projects in Cambodia - Kratie North in Kratie and Mondulkiri provinces, Srea Pok in Mondulkiri and Ratanakkiri provinces and Romdul in Kratie province.