The Asia Miner

OCT-DEC 2018

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 37 of 51

the asia miner • volume 15 • issue 4 36 AROUND THE REGION Australian gold explorer Southern Gold and its development partner in South Korea, Bluebird Merchant, conঞnues to make good progress at both the Gubong and Kochang gold projects in South Korea. As reported in The ASIA Miner earlier this year, Bluebird – a 50 per cent partner in the Joint Venture – has completed its report on the feasibility of reopening the Gubong Project in late July as part of its final requirement to the commencement of the Joint Venture. Bluebird is also anঞcipaঞng compleঞng the pre-condiঞons for the formaঞon of the Kochang Joint Venture by the end of October. Metallurgical test work is currently being undertaken with results and a subsequent report on the feasibility of re- starঞng gold mining at Kochang submied to Southern Gold by the end of October. Southern Gold's experience and strategy in South Korea over the past few years has idenঞfied the need for steady tenement acquisiঞon followed by respecul and measured access negoঞaঞons, along with working closely with local communiঞes to advance mulঞple targets in parallel. This has someঞmes necessitated a slower approach in moving from acquisiঞon to drill tesঞng but with a large porolio, the operaঞonal ability to adjust from high priority target to the next, is based upon not just the physical accessibility and drilling logisঞcs, but good social engagement and community support as well as governmental approvals. Southern Gold Managing Director, Mr. Simon Mitchell says that Southern Gold's Project Generaঞon strategy aims to a build a quality porolio of targets with demonstrable mineralisaঞon, and not "land grab for the sake of it". "I believe Southern Gold now has the largest tenure posiঞon of any foreign exploraঞon company acঞve in South South Korean gold and silver bonanza for Southern Gold Sampling underground at the historical Shin adit mine

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