Results will be out in the next couple of weeks... and she 'll race to a $1.00 imo....on the assays...
Gawler Craton Southern Gold Ltd - Targeting the Gawler Craton for Uranium The Southern Gold Ltd (SAU) group has interest in 12,300 sq km of exploration licences and exploration licence applications in one of the world's richest uranium provinces, the Gawler Craton in South Australia.
Southern Gold has increased its control to 12,300 sq km of tenure on the Gawler Craton based on key geological models for uranium mineralisation. About 300 km of prospective palaeochannels and more than 50 gravity-based IOCGU targets are held within the 100% Southern Gold and Joint Venture tenure. The ground definition and drilling of palaeochannel and IOCGU targets are underway. Southern Gold’s strategy is to use the new concepts and modern technology to drive the portfolio towards success by creating a pipeline of continually improving exploration targets. Sediments form extensive cover over the craton, leaving large ore bodies hidden and posing great challenges for the application of standard exploration techniques. The directorship and exploration team at Southern Gold have a great collective experience in the exploration of South Australia, giving us that necessary edge to find these ore bodies. This quality uranium exploration portfolio is highly valued in the context of predicted long-term elevated uranium prices and long-term increasing uranium demand for power generation. As a result, quality uranium exploration tenement holding in South Australia is now very tightly held and highly sought after.
SNU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
