Southern Gold Limited 58 North Terrace PO Box 750 email: [email protected] telephone 08 8132 0044
ABN 30 107 424 519 Kent Town Kent Town www:southerngold.com.au facsimilie 08 8132 0199
South Australia 5067 South Australia 5071
11th October 2006
Southern Gold Limited 58 North Terrace PO Box 750 email: [email protected] telephone 08 8132 0044
ABN 30 107 424 519 Kent Town Kent Town www:southerngold.com.au facsimilie 08 8132 0199
South Australia 5067 South Australia 5071
11th October 2006
Gravity Surveying adjacent to Punt Hill
Southern Gold (ASX: “SAU”) exclusively holds the “Torrens South” tenement
immediately east of the new Punt Hill discoveries in South Australia’s Gawler Craton
(Figure 1). The Company had identified high-priority targets with Olympic Dam
(“IOCGU”) style potential along the gravity trend extending southeast from Punt Hill.
A large survey of infill gravity detailing commenced last week to refine preliminary
gravity targets for drill testing.
Southern Gold is applying improved targeting ideas and techniques derived from the
geological revelations of the Prominent Hill and Carrapateena discoveries made
during the past five years. The Punt Hill discoveries confirm the Company’s tactics
of targeting subtle gravity anomalies ignored by past explorers along northwest
mineral corridors and close to the related Gawler Range Volcanics (shown as purple
on the map in Figure 1).
Within the prospective corridor extending from Olympic Dam and Carrapateena,
Southern Gold selected preliminary gravity targets from the low definition regional
data for the detailing that is underway (Figure 2). Similar gravity detailing of the Punt
Hill area is reported to have improved the definition of subtle gravity targets that led
to the new drill discoveries at Whistlepig and Woodchuck.
About 1000 gravity stations will be read during the survey that is expected to be
completed by the end of this week. It is anticipated the results will be processed and
interpreted within a month.
Using the same successful targeting principles, Southern Gold is actively exploring
another 6 new project areas totaling about 8,600 sq km for further IOCGU deposits
throughout the highly productive Gawler Craton. Detailed gravity surveying has
been completed over four of the projects during the past month with interpretation
and target selection underway.
Yours faithfully
S BIGGINS
Managing Director Contact:
Mr Stephen Biggins
Managing Director
Phone: +61 (0) 8 8132 0044
Fax: +61 (0) 8 8132 0199
The information in this report has been compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as a full-time employee of
Southern Gold and who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and
follows the Institute’s codes and recommended practices. As a Competent Person, he has a minimum of 5 years
relevant experience in the style of mineralisation and types of activities being reported and has given written consent to
the above report in the form and context in which it appears.
Southern Gold Limited 58 North Terrace PO Box 750 email: [email protected] telephone 08 8132 0044
ABN 30 107 424 519 Kent Town Kent Town www:southerngold.com.au facsimilie 08 8132 0199
South Australia 5067 South Australia 5071
Please visit our updated website at www.southerngold.com.au
Figure 1. Torrens South Project - Regional Location
Southern Gold Limited 58 North Terrace PO Box 750 email: [email protected] telephone 08 8132 0044
ABN 30 107 424 519 Kent Town Kent Town www:southerngold.com.au facsimilie 08 8132 0199
South Australia 5067 South Australia 5071
Figure 2. Torrens South Project – Tenement Location on Regional Gravity Image.
Southern Gold (ASX: “SAU”) exclusively holds the “Torrens South” tenement
immediately east of the new Punt Hill discoveries in South Australia’s Gawler Craton
(Figure 1). The Company had identified high-priority targets with Olympic Dam
(“IOCGU”) style potential along the gravity trend extending southeast from Punt Hill.
A large survey of infill gravity detailing commenced last week to refine preliminary
gravity targets for drill testing.
Southern Gold is applying improved targeting ideas and techniques derived from the
geological revelations of the Prominent Hill and Carrapateena discoveries made
during the past five years. The Punt Hill discoveries confirm the Company’s tactics
of targeting subtle gravity anomalies ignored by past explorers along northwest
mineral corridors and close to the related Gawler Range Volcanics (shown as purple
on the map in Figure 1).
Within the prospective corridor extending from Olympic Dam and Carrapateena,
Southern Gold selected preliminary gravity targets from the low definition regional
data for the detailing that is underway (Figure 2). Similar gravity detailing of the Punt
Hill area is reported to have improved the definition of subtle gravity targets that led
to the new drill discoveries at Whistlepig and Woodchuck.
About 1000 gravity stations will be read during the survey that is expected to be
completed by the end of this week. It is anticipated the results will be processed and
interpreted within a month.
Using the same successful targeting principles, Southern Gold is actively exploring
another 6 new project areas totaling about 8,600 sq km for further IOCGU deposits
throughout the highly productive Gawler Craton. Detailed gravity surveying has
been completed over four of the projects during the past month with interpretation
and target selection underway.
Yours faithfully
S BIGGINS
Managing Director Contact:
Mr Stephen Biggins
Managing Director
Phone: +61 (0) 8 8132 0044
Fax: +61 (0) 8 8132 0199
The information in this report has been compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as a full-time employee of
Southern Gold and who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and
follows the Institute’s codes and recommended practices. As a Competent Person, he has a minimum of 5 years
relevant experience in the style of mineralisation and types of activities being reported and has given written consent to
the above report in the form and context in which it appears.
Southern Gold Limited 58 North Terrace PO Box 750 email: [email protected] telephone 08 8132 0044
ABN 30 107 424 519 Kent Town Kent Town www:southerngold.com.au facsimilie 08 8132 0199
South Australia 5067 South Australia 5071
Please visit our updated website at www.southerngold.com.au
Figure 1. Torrens South Project - Regional Location
Southern Gold Limited 58 North Terrace PO Box 750 email: [email protected] telephone 08 8132 0044
ABN 30 107 424 519 Kent Town Kent Town www:southerngold.com.au facsimilie 08 8132 0199
South Australia 5067 South Australia 5071
Figure 2. Torrens South Project – Tenement Location on Regional Gravity Image.
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