Highlights
• Castor Reef - nugget effect confirmed. Significant grade
increase, over 0.7m interval, from 1.96g/t to 9.18 g/t
gold.
• High grade reef potential of historic Southern Cross
Reef Mine confirmed - 3.0m @ 7.22g/t gold, including
2.0m @ 9.81g/t gold
• Sovereign secures 99.5% of Mount Adrah Gold Limited
Another old dog that may be due for a turn around but still has a long way to go.
1. Raising with SPP (closes this week) after a failed spin out IPO. Has currently $1 Million underwritten with the SPP
2. Management re-shuffling commencing.
3. Corporate company re-structure also currently underway.
