SOUTHERN GOLD LIMITED
Prospectivity Confirmed for Economic Nickel Sulphides in Bulong South
SAU - Gold Assays at Bulong South and Quarterly Update - Mr Stephen Biggins, MD
Mon, 4 Aug 2008 11:45AM
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Mr Stephen Biggins
Mon, 4 Aug 2008
11:45AM Australia/NSW
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SOUTHERN GOLD LIMITED (SAU)
ASX code: SAU
Website: http://www.southerngold.com.au
Industry: Materials
Principal Activities:
Gold, nickel and base metal mineral exploration
Address:
47 Tynte Street
NORTH ADELAIDE
SA
Phone: (08) 8132 0044
Fax: (08) 8132 0199
Executives & Directors
Mr Greg Boulton , Non Exec. Chairman, Non Exec. Director
Mr Stephen Richard Biggins , Managing Director
Mr Michael Robert Billing , Non Exec. Director
Mr John Alexander Anderson , Non Exec. Director
Mr Michael Walsh McDonald , Non Exec. Director
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Announcements from the preceding six months are shown below.
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SOUTHERN GOLD LIMITED (SAU) Events
Australia/NSW
SOUTHERN GOLD LIMITED (SAU)
| Suspension from Official Quotation | Wed, 1 Oct 2008 |
| Full Year Statutory Accounts | Wed, 1 Oct 2008 |
| Reinstatement to Official Quotation | Wed, 1 Oct 2008 |
| New broad gold intersections near Challenger | Wed, 1 Oct 2008 |
| High grade multiple gold shoots near Challenger | Thu, 25 Sep 2008 |
| Progress Report | Thu, 25 Sep 2008 |
| Appendix 3B | Tue, 26 Aug 2008 |
| Torrens Geothermal Project, Geothermal Energy Conference | Tue, 19 Aug 2008 |
| Four New Geothermal Licences in South Australia | Mon, 11 Aug 2008 |
| Chairman`s letter regarding Quarterly Activities | Thu, 7 Aug 2008 |
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INTERVIEW WITH STEPHEN BIGGINS, MANAGING DIRECTOR OF SOUTHERN GOLD LIMITED (SAU)
“Prospectivity Confirmed for Economic Nickel Sulphides in Bulong South”
http://www.brr.com.au/event/48888
MONDAY, AUGUST 4, 2008, 11:45 AM.
BRR Today, Boardroom Radio speaks with the Managing Director of Southern Gold, Mr. Stephen Biggins. Welcome to Boardroom Radio, Stephen.
10 SAU Good morning, Terence.
BRR Stephen, let us firstly touch on the Bulong South project. You have released some final gold assays there from the RC drilling campaign undertaken there a few months ago. What are some of these results revealing at the project?
15 SAU I think there are some key advances as a result of the gold assays that we have got from our recent drilling at Bulong South. I think one needs to focus on substantial strike length of gold mineralisation that we have identified at what we are calling the Monument prospect. We are getting broad intersections of gold including 4 metres at 2 grams over at least a 500-metre
20 strike length with a definite structural control that is predictable on that gold mineralisation, which is open at depth and open at both ends along strike. In addition to that discovery work at Monument, we have confirmed a very broad substantial gold intersection on the north of the license at the Cannon prospect, which includes intersection of 33 metres at 1.85 grams per tonne.
25 That is adjacent to some drilling on the other side of the tenement boundary of 25 metres at 4 grams per tonne. So we are starting to build up a consistent large gold system on the Bulong South project, which has strike potential southward.
30 BRR Stephen, you are planning on doing some follow-up drilling in September as well?
SAU That is right. We intend to look at defining the extents of the Monument prospect with the intent of trying to get a view on the volume of mineralisation there. Also some fairly basic step-up work extending those broad gold
35 intersections southward into our tenure.
BRR Stephen, earlier in July, intersections of nickel sulphide confirmed that the Bulong South project is a potential sulphide producer. Can you give us an update on what is happening in regard to nickel sulphide?
40 SAU Southern Gold has made some real progress on building on its nickel discovery from last year’s nickel sulphide discovery. In this recent program, we announced 4 metres at close to 1.8% nickel sulphide, which has extended nickel sulphide mineralisation within a much larger zone of nickel-rich nickel sulphide-bearing rock on our tenement. Unfortunately, I think with some of the
45 market turmoil, those good result news was sort of lost three weeks ago. But I think it really needs to be considered when considering that the value of new nickel sulphide mineralisation close to the surface within a much larger nickel-rich belt close to the nickel sulphide processing infrastructure at (inaudible) (0:03:01).
BRR Stephen, what is your drilling focus going forward for the Bulong South project?
SAU On the nickel sulphides, we will start some fairly significant assay and
5 diamond drilling programs to extend our nickel sulphides in the nickel-rich belt with the aim of defining a nickel sulphide drill compliant resource towards the end of 2009 as a longer-term goal. On the gold side, we believe there is real potential to start, because of the consistency of the gold results, to develop a view on the volume of gold-bearing rock as a result of the next RC program at
10 Monument and on the southern extensions of the Cannon prospect.
BRR Stephen, you certainly have made a significant progress over the latest quarter with five separate ASX releases. Can you give us some of the key highlights over the quarter for Southern Gold at your other projects?
15 SAU Sure. In Australia, I think it is the work that we have talked about just then at Bulong. A substantial drilling project, eco-drilling project on the Challenger area of gold project which we are expecting to be able to announce the results in August with the aim of developing a JORC compliant gold resource at Golf Bore later in the year. In Cambodia, we have really made some
20 significant progress. We are really starting to get towards the value-add part of the building on the work that we have completed in Cambodia over the last two years by getting into that stage where we are starting to announce substantial and consistent gold and exploration results from trenching and we announced our first trenching result with more to come over the next few
25 weeks and months, leading into a substantial assay drilling program in Cambodia at the start of the dry season in November-December this year. Importantly, we are increasing our granted 10-year holding in Cambodia, so we now have seven 100% owned tenements covering over 1500 square kilometres in north-eastern Cambodia. Also, we have finalized a joint venture
30 with the Japanese government JOGMEC where they have committed to spending $4.5 million over the next three years to win a 51% interest in three of our licenses in Cambodia. That, alongside the active exploration work that we are doing in Cambodia, positions the company very well to take advantage of its early investment in the country’s development of the mining
35 industry.
BRR Stephen, the Company does sound like it is positioned very well as you have just mentioned. Thanks very much for the update today on Southern Gold.
SAU Thanks, Terence.
40
BRR Remember, if you have any questions about this broadcast or any others, please feel free to send me an e-mail at brr@brr.com.au or via the Contact Us button on the home page. I am Terence Bell. Thanks for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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