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 39 of 51

the asia miner • volume 15 • issue 4 38 AROUND THE REGION The Neungju project is located approximately 25km south-east of Gwangju city in the southern Jeolla Province, in the south west of the country. The region hosts several known gold occurrences including the currently operaঞng Eunsan-Moisan gold-silver mine just 70km to the south-east. Neungju was originally idenঞfied by Ivanhoe Mines in 2001 with no other previously known acঞviঞes. The project area was recognised by Ivanhoe to be highly prospecঞve, with a number of rock samples returning grades up to 26g/t Au and 139.6 g/t Ag. Detailed ground assessment work late in 2017 idenঞfied Neungju as one of several very prospecঞve epithermal gold-silver targets with no known drilling or mining to date. The area is difficult to explore due to the dense secondary forest and this leads to opঞmising field work during the post winter thaw when foliage is significantly reduced. Despite this, good field work was undertaken to idenঞfy large zones of hydrothermal alteraঞon and mulঞple vein corridors each of which show wide zones of veining over hundreds of metres along strike length. Several new rock samples returned grades up to 20.30g/t Au and 163g/t Ag. The conversion of this tenement has taken almost nine months due to the strict process meeঞng a saঞsfactory criteria level, combined with the Korean regulatory agency requirement to visit the site as part of the approval process. SONBUL GOLD PROJECT The Sonbul gold project was part of the iniঞal acquisiঞon porolio made by Southern Gold from Asiaঞc Gold in 2016. Sonbul is a historic gold mine with several small adits, old workings and historical sampling and drilling on a one kilometre long epithermal vein system. Southern Gold has recently completed desktop-based and follow- up field reviews on the Mangun 23 tenement. Locaon of the Deokon Gold Project, South Korea. Image ©Southern Gold. All rights reserved Neungju 33 assay results from historic and recent SAU rock sampling. Image ©Southern Gold. All rights reserved

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