high grade shallow gold identified by southern gold east of … · 2017. 12. 12. · doughnut...

ASX Release Wednesday 13 December 2017

ASX Code: SAU

High grade shallow gold identified by

Southern Gold east of Kalgoorlie (WA) Doughnut Jimmy Prospect – Glandore Gold Project

Best intercept: 7m @ 10.16g/t Au from 24m, including 1m @ 54.81g/t

Au from 30m.

About 88% (22 of 25 holes) of drill holes intersected >1g/t Au.

In house oxide gold resource to be defined over coming weeks.

The Drill Programme at Glandore

High grade gold at shallow depth has been identified by Southern Gold Limited

(“Southern Gold”) in a new program of 15 Reverse Circulation (RC) and 31 Air Core

(AC) drill holes for 2467.5m at the Company’s majority owned Glandore Project

(Figure 1) just east of Kalgoorlie in WA. The primary aim of the drill program was to

evaluate shallow (<40m) gold mineralisation at Glandore’s Doughnut Jimmy

prospect and, secondly, to target regional gold exploration targets at the project’s

Lavaeolus, Lankin and Lakes Consol prospects (Figure 2).

The Glandore project, 40km east of Kalgoorlie, is a Joint Venture with Aruma

Exploration Pty Ltd. Southern Gold has an interest of 75% and is currently

increasing its stake to 90%.

Results

46 RC/AC holes were drilled for a total of 2467.5m over four prospect locations:

Doughnut Jimmy, Lavaeolus, Lankin and Lakes Consol. Doughnut Jimmy was the

primary target with 25 AC holes (GLAC001-025) drilled to ~40m in depth. These

holes were designed as tightly spaced (10m) infill holes, to test for a previously

modelled, flat lying gold supergene blanket, residing above fresh rock over a 90m x

50m area (Figure 3). Drilling confirmed the presence of the supergene blanket

(Figure 4) with an ‘Upper Lode’ and ‘Middle Lode’ defined within 30m from surface.

Table 1: Summary of the better intercepts at Doughnut Jimmy prospect.

Hole ID Interval From Grade

GLAC007 2m 0m 8.2 Au g/t

and 4m 10m 8.1 Au g/t


GLAC012 4m 16m 10.4 Au g/t

GLAC013 1m 13m 29.2 Au g/t

GLAC014 1m 30m 40.7 Au g/t

GLAC015 7m 24m 10.2 Au g/t

including 1m 30m 54.8 Au g/t


Shares on Issue: 49.15m

Share Price: $0.26

Market Capitalisation: $12.8m

Asset Base – WA, Australia

Cannon Gold Mine (100%)

Glandore Gold Project (75%*)

Cowarna Gold Project (100%)

Transfind Extended (Option)

*currently earning 90%

Asset Base – South Korea

Gubong Project (100%*/BMV)

Taechang Project (100%*/BMV)

Kochang Project (100%)

Weolyu Au-Ag Project (100%)

Hampyeong Au Project (100%)

*Currently under BMV farm-in

Directors

Greg Boulton AM (Chairman)

Simon Mitchell (MD)

Michael Billing

David Turvey

Head Office

Southern Gold Ltd

Level 1, 8 Beulah Rd

Norwood SA 5067

Telephone: (08) 8368 8888

Facsimile: (08) 8363 0697

[email protected]

www.southerngold.com.au

ABN: 30 107 424 519

Postal Address

Southern Gold Ltd

PO Box 255

Kent Town SA 5071

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http://www.southerngold.com.au/

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Figure 1: Glandore Gold Project Location – 40Km East of Kalgoorlie

Figure 2: Glandore Gold Project prospect location map and drill locations

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Discussion

The Doughnut Jimmy mineralised footprint, as observed on the surface, is approximately 90m x 50m (Figure 3).

Although this footprint is localised, the flat lying and high grade nature of the gold, and its proximity to surface

warranted further investigation.

Figure 3: Doughnut Jimmy aircore holes (GLAC001-GLAC025) in plan view and significant intercepts. Infill drilling

has defined a 90m x 50m >0.5g/t mineralised gold envelope (yellow outline) within 30m of surface.

Two lodes have been defined at Doughnut Jimmy, an Upper and Middle Lode (Figure 4). The Upper Lode resides in

completely weathered, saprolitic clays and returns typical gold grades of greater than 4g/t Au for example, 2m @

4.26g/t Au from 11m in GLAC012; 1m @ 29.22g/t Au from 13m in GLAC013 and in historic diamond drill hole,

GLDD002, 9.1m @ 5.00g/t Au from 6.4m. The Middle Lode resides in transitional, strongly to weakly weathered

dolerite basement and returns typical gold intercepts of 7m @ 3.95g/t Au from 18m in GLAC013, 7m @ 10.16g/t

Au from 24m GLRC015 and 3m @ 6.84g/t Au from 20.1m in historic diamond drill hole, GLDD002.

An in-house resource model for Doughnut Jimmy will be created and released early in the New Year with a view to

testing the potential for economic extraction of what potentially could be a relatively small but high grade oxide

gold resource.

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Figure 4: Doughnut Jimmy Section 65956330mN, looking north. Two, lateral gold lodes have been interpreted

within 30m from surface labelled ‘Upper Lode’ and ‘Middle Lode’.

Exploration drilling at Lavaeolus consisted of 6 aircore holes (GLAC026-031) for 240m (Figure 5). These holes were

designed to test for extensional gold mineralisation in the upper 30m. No significant gold assays were intersected.

Figure 5: Lavaeolus Au ppm x True Thickness longsection plot, showing pierce point locations of aircore drill holes

GLAC026-GLAC031. Aircore drilling confirms there is no supergene gold component within the upper 30m.

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Exploration drilling at Lankin (first time drilled by Southern Gold) consisted of 4 RC holes for 352m (GLRC012–015).

Drilling intersected a 300, east dipping, quartz veined dolerite unit with silica-pyrite alteration. However only low

level gold (<1g/t Au) was intersected. One drill hole, GLRC015, intersected 3m @ 3.51g/t Au from 109m, in a more

dominant shear zone with associated biotite alteration.

Exploration drilling at Lakes Consol (first time drilled by Southern Gold) consisted of 11 x RC holes for 888.5m

(GLRC001 – 011). Drilling was targeted at a steeply west dipping shear associated with high grade gold in surface

grab samples (reference previous ASX announcement 29 June 2017) and historical drill intercepts such as GP61B:

3m @ 66.1g/t Au from 24m incl 1m @ 195 g/t Au (Figure 6). The RC drilling successfully intersected the targeted

shear zone (chlorite-sericite schist). However, the shear returned no significant intersection. Figure 6 shows there

may be a south-east dipping component to the gold mineralisation which was not tested as part of this drill

program.

Next Steps

The Doughnut Jimmy prospect appears to be a relatively small but high grade supergene deposit with two parallel

horizontal lodes that may be amenable to easy open cut mining. The mineralisation occurs in a highly oxidized

sequence and so should be relatively straight forward to mine without the use of explosives. Over the next few

weeks and into the New Year, an in house resource will be completed and an assessment made of potential

economic extraction.

At Lavaeolus, further drilling is required on the high grade shoot that has been defined to this point. While the

upper parts of the project, above the base of weathering, appear to be strongly depleted in gold, there is

encouragement that the high-grade portions of the deposit continue at depth to the southeast. Further

investigation will also be required to test the zone to the south where the Lavaeolus and Lankin prospects

intersect.

At Lake Consols, further ground assessments will be made and some follow up drilling may be required on the

alterative interpretation of the gold mineralised corridor.

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Figure 6: Cross section at Lakes Consol (Knurd) showing GLRC005 and GLRC006 intersecting the targeted

Chlorite-Sericite Schist shear zone. Historical holes GP61B and HGRC048 indicate a south east dipping gold

corridor that remains untested.

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Table 2: Significant Drill Intersections (>1g/t Au) at Doughnut Jimmy

Intercepts in bold are repeated in Table 1.

PROSPECT HOLE ID FROM TO INTERVAL AU_PPM AG_PPM

DOUGHNUT JIMMY GLAC001 14.00 16.00 2.00 1.65 0.03

DOUGHNUT JIMMY GLAC002





DOUGHNUT JIMMY GLAC005 15.00 16.00 1.00 1.85 0.08DOUGHNUT JIMMY GLAC005 20.00 21.00 1.00 1.08 0.07




















30.00 31.00 1.00 54.81 7.44














NSA

INCLUDING

NSA

NSA

NSA

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Table 3: Drill Intersections (>1g/t Au) at Lavaeolus, Lake Consols and Lankin

PROSPECT HOLE ID FROM TO INTERVAL Au_PPM Ag_PPM

LAVAEOLUS GLAC026 NSA


LAVAEOLUS GLAC028 38.00 40.00 2.00 1.28 1.16




LAKES CONSOL GLRC001 NSA











LANKIN GLRC012 NSA

LANKIN GLRC013 NSA

LANKIN GLRC014 NSA

LANKIN GLRC015 48 49 1 1.33 0.11

LANKIN GLRC015 109 112 3 3.51 6.48

LANKIN GLRC015 124 125 1 1.43 0.68

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Table 4: Drill Hole Coordinates

Hole ID MGA East MGA North Depth (m) Azimuth Dip

GLRC001 390810 6593403 54.5 65 -55

GLRC002 390781 6593395 50 65 -55

GLRC003 390757 6593382 50 65 -55

GLRC004 390727 6593373 73 65 -55

GLRC005 390898 6593028 85 65 -60

GLRC006 390880 6593023 31 65 -70

GLRC007 390969 6592886 84 55 -55

GLRC008 390937 6592865 120 55 -55

GLRC009 390981 6592868 70 55 -55

GLRC010 390953 6592834 138 55 -55

GLRC011 390874 6593023 133 65 -70

GLRC012 392089 6595416 50 270 -60

GLRC013 392134 6595417 70 270 -60

GLRC014 392171 6595418 100 270 -60

GLRC015 392103 6595584 132 225 -60

GLAC001 391757 6595664 37 0 -90

GLAC002 391749 6595650 37 0 -90

GLAC003 391775 6595652 37 0 -90

GLAC004 391784 6595652 37 0 -90

GLAC005 391794 6595651 37 0 -90

GLAC006 391764 6595641 37 0 -90

GLAC007 391786 6595641 40 0 -90

GLAC008 391801 6595643 40 0 -90

GLAC009 391752 6595630 40 0 -90

GLAC010 391763 6595632 40 0 -90

GLAC011 391773 6595631 45 0 -90

GLAC012 391791 6595630 20 0 -90

GLAC013 391794 6595630 40 0 -90

GLAC014 391805 6595631 40 0 -90

GLAC015 391797 6595620 40 0 -90

GLAC016 391805 6595622 40 0 -90

GLAC017 391774 6595610 40 0 -90

GLAC018 391784 6595611 40 0 -90

GLAC019 391803 6595611 40 0 -90

GLAC020 391736 6595600 40 0 -90

GLAC021 391765 6595578 60 0 -90

GLAC022 391749 6595568 40 0 -90

GLAC023 391773 6595562 40 0 -90

GLAC024 391795 6595562 40 0 -90

GLAC025 391808 6595594 40 0 -90

GLAC026 391853 6595827 40 55 -60

GLAC027 391836 6595845 40 55 -60

GLAC028 391820 6595860 40 55 -60

GLAC029 391800 6595885 40 55 -60

GLAC030 391786 6595897 40 55 -60

GLAC031 391770 6595911 40 55 -60

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Southern Gold Limited: Company Profile

Southern Gold Ltd is a successful gold explorer and producer listed on the Australian Securities Exchange (under ASX ticker

“SAU”). The Company’s main focus is its flagship Cannon Gold Mine which is currently being assessed for an underground

mining phase. Southern Gold is also exploring at projects such as Glandore, Transfind Extended and Cowarna, looking for

additional small high grade open pit-able gold resources and potential new discoveries.

In addition to its cornerstone position in Kalgoorlie, Southern Gold owns a portfolio of high grade gold projects in South Korea.

These projects are a combination of decommissioned gold mines with orogenic gold mineralisation and Greenfield epithermal

gold targets. Southern Gold’s aim is to move one or more of the orogenic gold mines such as Gubong or Taechang into

production in the short to medium term utilising the technical expertise of its joint venture partner and London Stock Exchange

listed Bluebird Merchant Ventures Limited as well as explore for world-class epithermal gold deposits.

Competent Person’s Statements

The information in this report that relates to Exploration Results has been compiled under the supervision of Dr Justin Gum

(MAIG). Dr Gum, who is an employee of Southern Gold Limited and a Member of the Australian Institute of Geoscientists, has

sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity

he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of

Mineral Resources and Ore Reserves. Dr Gum consents to the inclusion in this report of the matters based on the information in

the form and context in which it appears.

Forward-looking statements

Some statements in this release regarding estimates or future events are forward looking statements. These may include,

without limitation:

Estimates of future cash flows, the sensitivity of cash flows to metal prices and foreign exchange rate movements;

Estimates of future metal production; and

Estimates of the resource base and statements regarding future exploration results.

Such forward looking statements are based on a number of estimates and assumptions made by the Company and its

consultants in light of experience, current conditions and expectations of future developments which the Company believes are

appropriate in the current circumstances. Such statements are expressed in good faith and believed to have a reasonable basis.

However the estimates are subject to known and unknown risks and uncertainties that could cause actual results to differ

materially from estimated results.

All reasonable efforts have been made to provide accurate information, but the Company does not undertake any obligation to

release publicly any revisions to any “forward-looking statement” to reflect events or circumstances after the date of this

presentation, except as may be required under applicable laws. Recipients should make their own enquiries in relation to any

investment decisions from a licensed investment advisor.

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JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary

Sampling techniques

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report.

In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

Drill holes were sampled using reverse circulation (RC) and aircore (AC) percussion drilling.

RC drill holes were either composite sampled using a spear and where 1m samples were taken, a cone-splitter, attached to the cyclone was used. A cone splitter was not used for the Aircore drilling and samples were speared.

Individual RC drilling samples cone split from the drill rig were collected into pre-numbered calico bags.

Each sample was completely pulverised to produce a 50g charge for fire assay gold. Multielement analysis was also conducted on selected samples.

Drilling techniques

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

The drilling techniques used were face sampling reverse circulation and aircore percussion drilling.

Drill sample recovery

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

Sampling intervals during RC/ AC drilling were routinely checked by comparing the position of the drill rod against the sample bag being filled.

Drilling of RC/AC holes were conducted using drilling techniques appropriate to the terrain and with drillers experienced in the area.

Sample loss was kept to a minimum by good sampling practices.

Cone splitting of RC holes provided good representation of the intervals sampled. Given a cone-splitter was not use in the AC drilling, a spear was used to help reduce sampling bias

No relationship has been noted between sample recovery and grade. Overall, sample

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recoveries were very high and did not present a problem.

Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.

The total length and percentage of the relevant intersections logged.

All drill holes have been geologically logged by Company geologists using a standard format over the whole length of each hole. Features for each sample or geological interval recorded, where observable, included weathering, lithology, alteration mineralogy, structural information, mineralisation mineralogy, veining, vein mineralogy and proportions of non-economic minerals.

Geological logging recorded factual data (e.g. colour, grain size, percentage of identifiable minerals present) and interpretative data (e.g. lithology).

A subsample of washed and sieved RC/ AC chips from each meter was collected and stored sequentially in numbered plastic chip trays. Chips trays representing each RC/ AC drill hole are stored in the Company’s office in Kalgoorlie.

Sub-sampling techniques and sample preparation

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

RC drill holes were either composite sampled using a spear and where 1m samples were taken, a cone-splitter, attached to the cyclone was used. A cone splitter was not used for the Aircore drilling and samples were speared.

Majority of samples were taken dry but some samples were wet due to ground water.

Sample size presented for analysis was approximately 2kg with some samples less when wet.

Preparation and analysis of samples was undertaken by Minanalytical Laboratory Services Australia Pty Ltd at their Perth laboratory.

Samples were pulverised to 85% passing 75 micron.

Field duplicates were collected at ~1/25 samples.

Quality of assay data and

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

Gold was analysed using Minanalytical method FA50AAS (considered a total technique) consisting of a 50g charge fire

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laboratory tests

For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

assay followed by atomic absorption spectroscopy at a detection limit of 0.005ppm Au (gold). A four acid digest (considered near total) was used on selected samples to produce a solution analysed for a multi-element suite with detection by mass spectrometer (MA40MS) or optical emission spectral (MA40OES) methods.

No data from geophysical tools were used to determine analytical results.

The QAQC protocol used consisted of standards, blanks and duplicates inserted ~1/25 samples.

Standards performed well and were within 3 standard deviations of the mean. No significant contamination in the blanks was observed. Field duplicates for the RC drilling showed good precision. AC drilling field duplicates show a correlation coefficient of 0.86 which may be due to the samples being speared and not split

Verification of sampling and assaying

The verification of significant intersections by either independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

Significant intersections were visually inspected and verified by company geologists.

Twinned holes have not been drilled.

All sampling data is recorded directly onto computer spreadsheets and re-checked before submission to the lab. This data is then entered into and stored on the Company database after validation. Original logging files are stored in the Company’s Head Office in Adelaide.

The assay database is stored securely on the Company’s server which is backed up routinely both on and offsite.

No adjustments are made to the assay data after review of QAQC measures as stated above.

Location of data points

Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

RC drill hole collar positions were surveyed by handheld GPS. AC drillhole collars at Doughnut Jimmy were surveyed using a differential GPS.

RC holes were surveyed using a

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digital, single shot, downhole survey tool in the rod stream by Resource Drilling. AC holes were not surveyed.

The grid system used for locating the collar positions of drill holes is the Geocentric Datum of Australia (GDA94), Zone 51 (MGA Projection). Elevations are recorded in Australian Height Datum (AHD).

Topographic control in the area is provided by SRTM data.

Data spacing and distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

Broad drillhole spacing was used for RC drilling given the exploratory nature of drilling. AC drilling was drilled at ~20m centres.

No Mineral Resource has been calculated.

Sample compositing (2-4m intervals) was applied where geological logging interpreted, non-mineralised lithologies

Orientation of data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

Surface mapping of lithologies show that drilling is at a high enough angle to lithological boundaries and structural trends to indicate that sampling is unbiased by the direction of drilling.

Sample security

The measures taken to ensure sample security. Samples are placed into pre-numbered calico bags under the supervision of the rig geologist.

The calicos bags containing the samples are placed into polyweave bags and transported to the sample preparation laboratory where a sample submission form is completed. The details entered onto the sample submission form are the means by which the samples are tracked through the laboratory.

Samples are transported by internal courier from the preparation facility to the analytical laboratory.

The laboratory provides the Company with a reconciliation of samples submitted compared to samples received.

Audits or reviews

The results of any audits or reviews of sampling techniques and data.

No audits or reviews have been undertaken.

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Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.)


Mineral tenement and land tenure status

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area.

The Glandore Project is located ~40km East of Kalgoorlie, WA (M25/330 and M25/329).

The project is held in joint Venture with Aruma Exploration Pty Ltd, where Southern Gold has a current Initial Earn in Interest of 75%.

There are no known impediments to obtaining a license to operate.

Exploration done by other parties

Acknowledgment and appraisal of exploration by other parties.

Various stages of historical drilling and surface sampling have been conducted over the project area.

Geology Deposit type, geological setting and style of mineralisation. Exploration is targeting lode-style gold mineralisation in the greenstone and associated units of the area.

Drill hole Information

A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea

level in meters) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length.

If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

A summary of exploration results showing the range of downhole intercept widths and associated grades and collar information are shown in Tables 1 and 2 of this release.

Data aggregation methods

In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.

Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

The assumptions used for any reporting of metal equivalent values should be clearly stated.

Weighted averages were used using a 1/g/t Au cutoff

No metal equivalent values have been reported.

Relationship between mineralisation widths and intercept

These relationships are particularly important in the reporting of Exploration Results.

If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

If it is not known and only the down hole lengths are

Surface mapping indicates drill direction is at a high enough angle to lithological contacts and structural trends as to provide non-

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lengths reported, there should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).

biased sampling.

Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

Appropriate tables and diagrams have been included.

Balanced reporting

Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

Results from all holes have been reported.

Other substantive exploration data

Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

All relevant observations have been noted in the release.

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high grade shallow gold identified by southern gold east of … · 2017. 12. 12. · doughnut...

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